NEW YORK, Feb. 8, 2024 /PRNewswire/ — The chickpea market is to grow by USD 7.40 billion from 2023 to 2027 progressing at a CAGR of 5.65% during the forecast period. The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall environment. The increasing consumption of chickpeas as a snacking item is a key factor driving growth.
Here is an Exclusive report talking about Market scenarios with a historical period (2017-2021) and forecast period (2023-2027). Download a free Sample Report in minutes!
Technavio has announced its latest market research report titled Global Chickpea Market 2023-2027
Chickpeas are gaining popularity worldwide as convenient and healthy snacks. Rich in fiber, folate, protein, and zinc, chickpea snacks are easily prepared at home with added spices and are readily available in the market as ready-to-eat products. Particularly in South Asia, notably India, chickpea snacks are widely enjoyed, with street companies offering fresh roasted chickpeas seasoned with coriander and lemon, alongside other popular street food items like roasted corn.
ABBOTT BLACKSTONE Co. Inc., AdasCan Grain Corp., AGT Food and Ingredients Inc., Anu Foods, Ardent Mills LLC, ATC Group India, Bean Growers Australia Ltd., Cono Trading International AG, DHAVAL AGRI EXPORT LLP, GEEWIN EXIM, Hippeas Inc., Nature Bio Foods Ltd., Nature Pulse Botanicals Pvt. Ltd., Organic Products India, Popular Pulse Products Pvt. Ltd., Shri Mahavir Group, Shubhlaxmi Industries, SunOpta Inc., VAD Industries Pvt. Ltd., and Woods Holding Group Pty. Ltd. are key companies.
The expanding base of the vegan population is a primary trend shaping the growth.
The declining crop yields due to the overgrowth of weeds is a significant challenge restricting growth.
The report extensively covers market segmentation by distribution channel (offline and online), product (desi chickpea and kabuli chickpea), and geography (APAC, North America, Europe, Middle East and Africa, and South America)
The growth of the offline segment will be significant during the forecast period. Chickpea sales are prominently facilitated through convenience and grocery stores, with an increasing number of such stores globally, including major countries like the UK, China, India, and Japan. The rise of organized retail, especially supermarkets and hypermarkets, is driven by urbanization trends, offering a popular distribution channel for chickpeas. Discounts and innovative shelf displays enhance the shopping experience, encouraging consumer purchases.
This report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters- View a Free Sample Report
The chickpea market covers the following areas:
ABBOTT BLACKSTONE Co. Inc. – The company offers chickpeas that are available in jumbo, large, and medium sizes of 8mm to 10mm and above.
AdasCan Grain Corp. – The company offers chickpeas that vary in color from white to red to black, and oil content ranging from 40 percent to 50 percent.
AGT Food and Ingredients Inc. – The company offers chickpeas which are consumed fresh as a green vegetable, parched, fried, roasted, and boiled.
Technavio’s SUBSCRIPTION platform
Sustainable farming practices offers benefits
Chickpeas, belonging to the category of pulse crops and legumes, are renowned for their plant-based protein content, making them a valuable addition to vegetarian and vegan diets. They offer various chickpea varieties suited for different culinary applications, from traditional dishes to modern recipes. Chickpeas are cultivated through sustainable farming practices, contributing to agricultural sustainability and crop rotation. Their high dietary fiber content and nutrient-rich profile make them a popular choice in healthy eating and nutrition-focused diets. Chickpeas are used in the production of hummus and as snacks, reflecting their versatility in the food industry. The global demand for chickpeas has led to significant exports and international trade, highlighting their importance in the agricultural economy.
Related Reports
The fox nuts market is estimated to grow by USD 59.09 million at a CAGR of 8.21% between 2022 and 2027.
The legumes market size is estimated to grow by USD 4,542.42 million at a CAGR of 5.45% between 2022 and 2027.
ToC:
Executive Summary
Market Landscape
Market Sizing
Historic Sizes
Five Forces Analysis
Segmentation by Product
Segmentation by Distribution Channel
Segmentation by Geography
Customer Landscape
Geographic Landscape
Drivers, Challenges, & Trends
Company Landscape
Company Analysis
Appendix
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging trends and provide actionable insights to help businesses identify opportunities and develop effective strategies to optimize their positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable insights to identify opportunities in existing and potential areas and assess their competitive positions within changing scenarios.
Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com
SOURCE Technavio
