The global chickpeas market is driven by rising demand for plant-based protein sources and healthy snacks. Chickpeas, known for their nutritional benefits and versatility in various cuisines, are witnessing increased consumption worldwide. Major producing regions include India, Australia, and Canada, with the Middle East being a significant consumer. Market growth is supported by expanding vegan and vegetarian diets, alongside the popularity of Mediterranean and Middle Eastern cuisines.
Chickpeas Market Size and Growth
The global chickpeas market size reached a volume of over 13.90 million tonnes in 2023, driven by increasing demand for plant-based protein and the growing popularity of chickpeas in various cuisines. Chickpeas, rich in nutrients and highly versatile, are consumed globally in dishes like hummus, falafel, and salads. Major producers include India, Australia, and Canada, while key consumers are in the Middle East, Europe, and North America. Rising awareness of health benefits and the shift toward vegan and vegetarian diets are further propelling market demand.
Looking ahead, the market is projected to grow at a modest CAGR of 1.3% between 2024 and 2032. Factors such as evolving dietary preferences, expanding culinary applications, and the increasing popularity of gluten-free and high-protein food options are expected to support this growth. However, challenges like fluctuating crop yields and trade policies may impact the market's pace. Despite this, chickpeas are likely to remain a staple in both traditional and emerging food trends, ensuring steady demand.
Chickpeas Market Share
India dominates the global chickpeas market, accounting for the largest share of production and consumption due to its widespread use in local cuisines. Australia and Canada are key exporters, supplying to regions like the Middle East, Europe, and North America. The Middle East is a significant consumer, while rising demand in Western markets, driven by health trends and plant-based diets, is increasing market share in Europe and North America.
Chickpeas Market Trends
The chickpeas market is witnessing several key trends:
1. Plant-Based Diets: Growing awareness of health and sustainability is driving the adoption of plant-based diets, increasing the demand for chickpeas as a protein source.
2. Health and Wellness: Consumers are increasingly seeking nutritious and functional foods, with chickpeas being recognized for their high protein, fiber, and micronutrient content.
3. Culinary Versatility: Chickpeas are being incorporated into a wide range of dishes, from traditional Middle Eastern foods like hummus and falafel to contemporary salads and snacks, boosting their popularity in global cuisines.
4. Innovative Products: The rise of chickpea-based products, such as pasta, snacks, and flour, caters to diverse consumer preferences and dietary needs, expanding market reach.
5. Sustainable Practices: Increasing focus on sustainable agriculture and organic farming is promoting the growth of chickpea cultivation, appealing to environmentally conscious consumers.
6. Growing Vegan and Vegetarian Trends: The rising number of people adopting vegan and vegetarian lifestyles is further propelling the demand for chickpeas as a meat alternative.
Market Opportunities and Challenges
Opportunities
1. Rising Demand for Plant-Based Proteins: With the growing trend toward vegetarianism and veganism, chickpeas offer a nutritious alternative to meat, creating significant market opportunities.
2. Product Innovation: The development of new chickpea-based products, such as snacks, pasta, and flour, can attract health-conscious consumers and expand market segments.
3. Health Awareness: Increasing consumer awareness of health benefits associated with chickpeas, such as their high protein and fiber content, opens doors for marketing and promotional campaigns.
4. Sustainable Farming Practices: Emphasizing sustainable agricultural practices can enhance the appeal of chickpeas to environmentally conscious consumers, driving demand.
5. Global Culinary Trends: The growing popularity of Mediterranean and Middle Eastern cuisines can boost chickpea consumption in diverse markets worldwide.
Challenges
1. Climate Change and Crop Yield Variability: Adverse weather conditions and climate change can affect chickpea yields, leading to supply fluctuations and price volatility.
2. Competition from Other Protein Sources: The increasing availability of alternative plant-based proteins, such as soy and lentils, poses a competitive challenge for chickpeas.
3. Market Access and Trade Policies: Tariffs and trade restrictions can impact the export and import of chickpeas, affecting market dynamics.
4. Consumer Education: Despite their benefits, consumer familiarity with chickpeas may vary; educating consumers about their uses and health advantages is crucial for growth.
5. Quality Control and Standards: Ensuring consistent quality and meeting international standards can be challenging for producers, impacting market reputation and sales.
Chickpeas Market Analysis
The chickpeas market is experiencing steady growth, driven by the rising popularity of plant-based diets and the increasing demand for protein-rich, nutritious food options. Chickpeas are a versatile ingredient, used in traditional dishes like hummus and falafel, as well as in innovative products such as snacks, pasta, and gluten-free alternatives. Key producers, including India, Australia, and Canada, play significant roles in global supply, while demand is increasing in regions like Europe, North America, and the Middle East. This trend is fueled by consumer interest in healthier food choices and the rising adoption of vegan and vegetarian diets.
However, the market faces challenges such as supply chain disruptions, climate-related crop yield variability, and competition from other plant-based proteins. Additionally, trade policies and tariffs can impact global exports and imports, influencing market dynamics. Despite these challenges, the chickpeas market is expected to maintain growth due to continued consumer interest in sustainable, protein-rich foods and increasing product diversification. The development of chickpea-based innovations and the expanding culinary applications of chickpeas present opportunities for further market expansion.
Competitive Landscape
The key players in the industry includes:
- AGT Food and Ingredients
- BroadGrain Commodities, Inc.
- The Wimmera Grain Store
- Others
Media Contact
Company Name: Claight Corporation
Contact Person: John Walker, Corporate Sales Specialist – U.S.A.
Email: sales@expertmarketresearch.com
Toll Free Number: +1-415-325-5166 | +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
Website: https://www.expertmarketresearch.com
Aus Site: https://www.expertmarketresearch.com.au
English
Arabic
French
Spanish
Portuguese
Deutsch
Turkish
Dutch
Italiano
Russian
Portuguese (Brazil)
Greek