IMARC Group, a leading market research company, has recently released a report titled "Chickpeas Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032". The study provides a detailed analysis of the industry, including the chickpeas market trends, size, share and growth forecast. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
The global chickpeas market size reached 20.5 Million Tons in 2023. Looking forward, IMARC Group expects the market to reach 31.7 Million Tons by 2032, exhibiting a growth rate (CAGR) of 4.76% during 2024-2032.
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Factors Affecting the Growth of the Chick Peas Industry:
- Rising Awareness of Health Benefits
The increasing awareness of the health benefits associated with chickpeas is a major driver of the global market. Chickpeas are packed with essential nutrients such as protein, dietary fiber, vitamins, and minerals, making them a highly nutritious food choice. They are particularly valued for their high protein content, which is beneficial for muscle repair and growth, making them an excellent meat alternative for vegetarians and vegans. Additionally, chickpeas are rich in dietary fiber, which aids in digestion and helps maintain a healthy gut. They also have a low glycemic index, making them suitable for individuals with diabetes as they help regulate blood sugar levels. The presence of antioxidants in chickpeas contributes to their anti-inflammatory properties and helps in reducing the risk of chronic diseases such as heart disease and cancer.
- Increasing Adoption of Plant-Based Diets
The global shift towards plant-based diets is another significant driver of the chickpeas market. As more people become aware of the environmental, health, and ethical implications of meat consumption, there is a noticeable increase in the adoption of vegetarian and vegan diets. Chickpeas, being a versatile and nutrient-dense legume, serve as a crucial protein source for those avoiding animal products. They are used in a wide array of dishes, from salads and soups to stews and meat substitutes, making them a staple in plant-based cuisine. The demand for plant-based proteins has surged, driven by concerns over animal welfare, environmental sustainability, and the health risks associated with high meat consumption. Chickpeas offer a sustainable alternative, as their cultivation has a lower carbon footprint and requires less water compared to animal farming.
- Popularity of Ethnic Cuisines
The rising popularity of ethnic cuisines, particularly those from the Middle East, India, and the Mediterranean, is significantly boosting the global chickpeas market. These cuisines heavily incorporate chickpeas in their traditional dishes, such as hummus, falafel, chana masala, and various salads and stews. As globalization increases and culinary diversity becomes more accessible, people are exploring and adopting these flavorful and nutritious ethnic dishes. The food industry's efforts to introduce and promote international cuisines through restaurants, cooking shows, and recipe blogs have also contributed to this trend. Additionally, the demand for authentic ethnic food products in supermarkets has surged, leading to a greater availability of chickpea-based products. The cultural exchange and fusion cuisine movements have further amplified the use of chickpeas, as they are incorporated into innovative and hybrid dishes.
Chick Peas Market Report Segmentation:
Regional Insights:
- India
- Australia
- Pakistan
- Myanmar
- Ethiopia
India was the largest market for chickpeas due to its status as both the world's leading producer and consumer of chickpeas, driven by its extensive use in traditional diets and culinary practices.
Global Chick Peas Market Trends:
The global chickpeas market is driven by multiple factors contributing to its significant growth and expansion, such as the rising awareness of the health benefits associated with chickpeas, which are rich in protein, fiber, and essential nutrients, making them a popular choice among health-conscious consumers. The increasing adoption of plant-based diets and vegetarianism further boosts demand, as chickpeas are a staple in many meat-free dishes. Additionally, the growing popularity of ethnic cuisines, particularly Middle Eastern, Indian, and Mediterranean, where chickpeas are a key ingredient, has expanded their global reach. The food processing industry also plays a crucial role, with chickpeas being used in a variety of products like hummus, snacks, and gluten-free foods.
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Top Companies Operated in Chickpeas Industry:
- Adani Wilmar Limited (AWL)
- Cargill Foods India
- AGT Food and Ingredients, Inc.
- BroadGrain Commodities, Inc.
Key Highlights of the Report:
- Market Performance (2018-2023)
- Market Outlook (2024-2032)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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