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The chickpeas market has experienced a robust growth trajectory in recent years, and this trend is poised to continue. In 2023, the market size stood at $14.94 billion, and it is anticipated to reach $15.92 billion in 2024, exhibiting a compound annual growth rate (CAGR) of 6.6%. Looking ahead, the market is projected to witness even stronger growth, reaching $20.97 billion by 2028, with a CAGR of 7.1%. This significant expansion is attributed to various factors shaping the market landscape.

Historical Growth Drivers

1. Increased Plant-Based Protein Demand
   • Growing preference for plant-based protein sources.
   • Chickpeas emerge as a popular choice for health-conscious consumers.
2. Global Food Security
   • Chickpeas contribute to global food security through their nutritional value.
   • The resilience of chickpeas as a crop enhances food availability.
3. Demand for Traditional Cuisines
   • Rising popularity of traditional cuisines using chickpeas.
   • Chickpeas serve as a staple ingredient in diverse culinary traditions.
4. Growth in Agricultural Practices
   • Advancements in agricultural practices contribute to increased chickpea production.
   • Agricultural innovation boosts yield and quality.
5. Increase in Export and Import Activities
   • Chickpeas become a globally traded commodity.
   • International trade activities drive market expansion.

Anticipated Growth Factors
The chickpeas market is poised for strong growth in the coming years, with projections reaching $20.97 billion by 2028. This growth is attributed to several key factors that are expected to shape the market dynamics.

Forecasted Growth Drivers

1. Increasing Sustainable Agriculture Practices
   • Growing emphasis on sustainable farming practices.
   • Chickpeas contribute to environmentally friendly agriculture.
2. Meat Substitutes and Vegan Diets
   • Rising popularity of meat substitutes and vegan diets.
   • Chickpeas emerge as a versatile and nutritious plant-based protein source.
3. Crop Genetic Improvement
   • Continuous efforts in crop genetic improvement.
   • Enhanced chickpea varieties with improved yield and nutritional content.
4. Precision Agriculture Technologies
   • Adoption of precision agriculture technologies.
   • Technology-driven farming practices boost chickpea production.
5. Growing Focus on Health and Wellness
   • Increasing consumer focus on health and wellness.
   • Chickpeas align with health-conscious dietary preferences.

Emerging Trends

1. Introduction of Functional Food
   • Chickpeas become a key ingredient in functional food products.
   • Enhanced nutritional profiles cater to health-conscious consumers.
2. Use of Chickpea Flour in Gluten-Free Products
   • Chickpea flour gains popularity as a gluten-free alternative.
   • Increased demand for gluten-free products drives innovation.
3. Development of Chickpeas-Based Snacks
   • Snack industry witnesses the development of chickpeas-based snacks.
   • Healthy and flavorful snack options contribute to market growth.
4. Food Product Innovation
   • Ongoing innovation in chickpeas-based food products.
   • Market players focus on diversifying product offerings.

Health-Conscious Consumer Driving Market Growth
The rising awareness of health-related issues among consumers is a significant driver for the chickpeas market. Chickpeas, whether canned or dried, offer a low glycemic index, aiding in blood sugar control, cholesterol reduction, and cancer risk mitigation. Additionally, choline, a vitamin found in chickpeas, supports various brain and nervous system functions. The prevalence of chronic diseases, as highlighted by the Center for Diseases Control and Prevention, underscores the need for healthier dietary choices.

Major Players Shaping the Market
Several key companies play a pivotal role in driving innovation and growth in the chickpeas market. Notable players include Alliance Grain Traders, BroadGrain Commodities Inc., Olega SA, Arbel Group, Olam International Ltd., and many more.

Strategic Acquisitions

• Ardent Mills’ acquisition of Hinrichs Trading Company enhances specialty ingredient expertise and meets the growing consumer demand for pulse and plant-based ingredients.

Market Segmentation
The chickpeas market is diverse, catering to various types, forms, distribution channels, and end-users.

Segmentation Overview

1. By Type:
   • Kabuli Chickpeas
   • Desi Chickpeas
2. By Form:
   • Dried
   • Fresh Or Green
   • Frozen
   • Preserved/ Canned
   • Flour
3. By Distribution Channel:
   • Supermarkets/ Hypermarkets
   • Departmental Stores
   • Grocery Stores
   • E-commerce Platforms
   • Other Distribution Channels
4. By End User:
   • Food And Beverage
   • Healthcare And Nutrition
   • Restaurants And Food Service Providers
   • Other End-Users

Dominance in Asia-Pacific
Asia-Pacific emerged as the largest region in the chickpeas market in 2023, reflecting the significant role this region plays in the global chickpeas industry.

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 The Chickpeas Global Market Report 2024  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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