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The global chickpeas market is experiencing a robust surge, with its size escalating from $13.93 billion in 2022 to $14.9 billion in 2023, showcasing a commendable Compound Annual Growth Rate (CAGR) of 7.0%. The health-conscious wave sweeping across societies is a key catalyst, as individuals increasingly opt for nutritious dietary choices.

• Health Awareness on the Rise:
  • Escalating cases of obesity, heart diseases, and diabetes drive a shift towards healthier diets.
  • Chickpeas, both canned and dried, possess a low glycemic index, aiding in blood sugar control and cholesterol reduction.
  • Choline, a vital vitamin in chickpeas, contributes to memory, mood, and nervous system functions.
  • Disturbing statistics from the Center for Diseases Control and Prevention underscore the urgency of healthier living.

Market Giants: Key Players Shaping the Landscape
In the competitive realm of chickpeas, major players wield influence in steering market dynamics. Companies such as AGT Food and Ingredients, BroadGrain Commodities, and Bean Growers Australia Limited are pivotal in propelling market growth.

• Dominant Market Players:
  • AGT Food and Ingredients, BroadGrain Commodities, The Wimmera Grain Store, Bean Growers Australia Limited, and others lead the industry.
  • Their strategic roles contribute to the flourishing chickpeas market.

Innovations Galore: Paving the Way for Success
The chickpeas market is witnessing a surge in innovative products, a trend spearheaded by industry giants. Companies strive to solidify their market standing by introducing novel offerings, enhancing the overall appeal of chickpeas.

• Innovation in Focus:
  • ChickP, an Israeli foodtech start-up, introduced a revolutionary native starch made from chickpeas in November 2020.
  • The native chickpea starch boasts a high amylose to amylopectin ratio, neutral flavor, and no scent.
  • This innovation not only minimizes food waste but also serves as a durable, healthy ingredient.

Market Segmentation: Understanding the Diversity
Diving deeper into the market, segmentation reveals the multifaceted nature of the chickpeas market. From types and forms to distribution channels and end-users, the market showcases a rich tapestry of diversity.

• Segmentation Overview:
  • By Type:
    • Kabuli Chickpeas
    • Desi Chickpeas
  • By Form:
    • Dried
    • Fresh or Green
    • Frozen
    • Preserved/Canned
    • Flour
  • By Distribution Channel:
    • Supermarkets/Hypermarkets
    • Departmental Stores
    • Grocery Stores
    • E-commerce Platforms
    • Other Distribution Channels
  • By End User:
    • Food and Beverage
    • Healthcare and Nutrition
    • Restaurants and Food Service Providers
    • Other End-Users

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Regional Dynamics: Asia-Pacific Leads the Charge
In 2022, Asia-Pacific emerged as the powerhouse, claiming the title of the largest region in the chickpeas market. This dominance signifies the region’s pivotal role in shaping the current and future landscape of the industry.

• Regional Influence:
  • Asia-Pacific’s significant contribution underscores the diverse and expanding nature of the chickpeas market.

Future Outlook: A Glimpse into the Horizon
As we look ahead, the chickpeas market is poised for continued growth. Projections estimate the market size to reach $19.19 billion in 2027, reflecting a CAGR of 6.5%. The convergence of health awareness, market innovations, and regional dynamics sets the stage for a promising future.

Read The Full Chickpeas Market Report Here:
https://www.thebusinessresearchcompany.com/report/chickpeas-global-market-report

The Chickpeas Global Market Report 2023  provides an overview of the chickpeas market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The chickpeas market forecast analyzes chickpeas market size, chickpeas market share, leading competitor and their market positions.

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