The worldwide chickpeas market is presently at US$ 11.45 billion and is expected to grow to US$ 20.12 billion by 2033. Over the next 10 years, global chickpea consumption is expected to climb at a 5.8% CAGR, resulting in an absolute monetary increase of US$ 8.67 billion.
Chickpeas have acquired enormous popularity in recent years as a preferred source of plant protein, which is expected to drive market growth over the next ten years. Chickpeas, also known as chana, Bengal gram, garbanzo, or garbanzo beans in different regions of the world, are legumes.
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Chickpeas are used in a variety of Mediterranean, Indian, and Middle Eastern meals, and these cuisines are gaining popularity throughout the world, which is expected to boost chickpea shipments in the future. Increased usage of chickpeas in processed food production, increased globalization, rising prevalence of celiac disease and gluten sensitivity, and expanding popularity of veganism are some of the main factors expected to drive demand for chickpeas throughout the projection period.
Recent Development:
In December 2022, ChickP Protein, a food technology company, introduced a new chickpea protein isolate to make plant-based ice cream. The company worked in collaboration with Vaniglia to create a prototype ice cream with the aforementioned protein isolate.
In August 2022, NotCo, a Chilean unicorn food technology organization, announced the launch of NotCreme on Masterchef Brazil. The product is a plant-based milk cream made from chickpeas.
In July 2022, Tolerant, a part of Barilla Group known for minimally processed legume-based pasta manufacturing, announced the launch of organic chickpea spaghetti to its existing portfolio of organic plant-based pasta offerings.
Key Players:
- OLEGA S.A.
- Sanwa Pty. Ltd.
- Bean Growers Australia Limited
- Indraprasth Foods Ltd.
- Alberta Pulse Growers Commission
- The Wimmera Grain Co. Pty Ltd.
- AGT Food & Ingredients Inc.
- Mast Qalander Traders
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Regional Analysis:
Chickpea has long been a mainstay in Indian cuisine and is an important source of protein for the country’s vegetarians and vegans. Other factors driving chickpea consumption in India include a growing preference for plant-based diets, government attempts to increase chickpea production, and a greater emphasis on health.
Shipments of chickpeas in China are expected to grow at a 4.5% CAGR over the following 10 years, reaching $2.29 billion by the end of 2033.
The rising popularity of Middle Eastern hummus, Indian curries, and Mediterranean salads among Americans will offer lucrative commercial opportunities for chickpea suppliers throughout the projection period. The widespread availability of canned chickpeas, dried chickpeas, chickpea flour, and chickpea snacks in the country will also support market expansion in the future years.
The rising number of vegans and the increased availability of plant-based food items would help not only chickpea sales but also demand for vegetables, green lentils, soybeans, fava beans, and other plant-based foods in the future.
Key Segments of Industry:
- By Product Type :
- Desi Chickpeas
- Kabuli Chickpeas
- By Form :
- Dried Chickpeas
- Fresh/Green Chickpeas
- Frozen Chickpeas
- Preserved/Canned Chickpeas
- Chickpea Flour
- By Application :
- Direct Consumption
- Salads
- Snacks
- Hummus & Tahini
- Sweets & Desserts
- Other Applications
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