Global Chickpea Market: Overview
Chickpeas being pulse crops are classified under Leguminosae family. They are also termed as garbanzo beans or Egyptian peas. They are mainly consumed in Asia and the Middle East regions. Chickpeas are considered to be a foreign exchange earning crop. The high product yield requires well-drained land. Chickpeas provide vitamins, proteins, nutrients, zinc, manganese, fibers, and folate.
|Historic Years||2016 - 2020|
|Forecast Years||2021 - 2028|
|Segments Covered||By Product Type, By Application, and By End Use|
|Forecast Units||Value (USD Billion), and Volume (Units)|
|Quantitative Units||Revenue in USD million/billion and CAGR from 2021 to 2028|
|Regions Covered||North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World|
|Countries Covered||U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others|
|Number of Companies Covered||10 companies with scope for including additional 15 companies upon request|
|Report Coverage||Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.|
|Customization Scope||Avail customized purchase options to meet your exact research needs.|
Global Chickpea Market: Growth Factors
Massive preference for ready-to-eat light snacks as well as convenience foods possessing high nutritive value will boost the demand for chickpeas across the globe. Moreover, chickpeas provide numerous health benefits including huge antioxidant supply, enhanced blood regulation, and improvement in the digestion process. Nonetheless, the crop harvest or its yield depends on efficient water supply and low amount of rainfall can adversely impact the growth of the chickpea industry.
Furthermore, chickpeas are used for preparing grain-free flour which is gluten-free, a rich source of protein & dietary fibers, and dense. People who are allergenic to grain-based flour can intake chickpea-based flour. All these aforementioned factors will steer the overall market earnings in the coming decade. Apart from this, the rise in the intake of the product in countries like India, Turkey, Bangladesh, Nepal, and Pakistan will drive the market trends in the foreseeable future. The rise in the intake of the product witnessed among the working population and the growing popularity of chickpeas as snacks product will offer lucrative growth avenues for the industry.
Global Chickpea Market: Segmentation
The overall chickpea industry can be segregated into type, color, and distribution channel. Based on the type, the market for chickpea is divided into Kabuli chickpea and Desi Chickpea. On the basis of color, the chickpea industry can be sectored into yellow, red, brown, and green. In terms of distribution channel, the industry is classified into grocery stores, online retail stores, offline retail stores, supermarkets, convenience stores, and hypermarkets.
Global Chickpea Market: Regional Analysis
Based on regions, the global chickpea market can be divided into five main regions: Asia Pacific, Europe, the Middle East & Africa, North America, and Latin America. Regionally, Asia Pacific is projected to contribute majorly towards the overall market share during the estimated timeline. The regional market growth can be attributed to the massive production of chickpeas in countries like India. Apart from this, countries like Indonesia, Australia, Sri Lanka, Pakistan, China, and Myanmar are expected to be major regional revenue pockets.
Moreover, rapid industry growth in the Middle East & Africa can be due to prominent demand for the product in countries like Jordon, UAE, Lebanon, and Ethiopia. Additionally, the major demand for the product in California of the U.S. will drive the growth of the chickpeas industry in North America. Furthermore, Italy, France, the UK, Germany, and Spain are projected to make major contributions towards the growth of the market in the European continent.
Global Chickpea Market: Competitive Players
Some of the major participants in the chickpea industry include Mast Qalander Group of Companies, AGROCROPS, Arbel S.A., Wimmera Grain Company, R. Young Seeds, Inc., BEAN GROWERS AUSTRALIA, Indraprasth foods Ltd., JOVA GRANEROS S.A. de C.V., and OLEGA S.A.
Global Chickpea Market: Regional Segment Analysis
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