Chickpeas Market is Predicted To Grow at a CAGR of 4.76% by 2032

IMARC Group, a leading market research company, has recently released a report titled "Chickpeas Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast ​2024-2032​". The study provides a detailed analysis of the industry, including the healthcare chickpeas market trends, size, share and growth forecast. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

The global chickpeas market size reached 20.5 Million Tons in 2023. Looking forward, IMARC Group expects the market to reach 31.7 Million Tons by 2032, exhibiting a growth rate (CAGR) of 4.76% during 2024-2032.

Request to Get the Sample Report: https://www.imarcgroup.com/prefeasibility-report-chickpea-processing-plant/requestsample

Factors Affecting the Growth of the Chickpeas Industry:

• Rising Health Awareness and Dietary Shifts:

The increasing focus on health and wellness across the globe is one of the major factors bolstering the marker growth. Moreover, the growing health-consciousness among consumers, leading to a significant shift towards plant-based diets is contributing to the market growth. Besides this, the rising adoption of chickpeas, due to their high protein content, essential vitamins, and minerals, is catalyzing the market growth. apart from this, the prevalence of dietary trends, such as veganism and vegetarianism, boosting the consumption of legumes as they serve as a versatile ingredient in various diets, is fueling the market growth. Moreover, chickpeas are low in fat and high in dietary fiber, which appeals to individuals aiming to manage their weight and improve digestive health.

• Growing Popularity of Convenience Foods:

The rising popularity of convenience food sector, driven by busy lifestyles and the need for quick meal solutions, is a major factor stimulating the market growth. in line with this, the increasing utilization of chickpeas as it offers versatility and ease of preparation, is contributing to the market growth. Apart from this, the growing influx of ready-to-eat (RTE) chickpea products, such as hummus, roasted chickpeas, and chickpea-based snacks, which cater to the increasing demand for convenient and healthy food options, is anticipated to drive the market growth. In addition to this, the emergence of meal delivery services and online grocery shopping, facilitating easier access to several products, is bolstering the market growth.

• Expansion of Trade and Production Across the Globe:

The rising trade of chickpeas due to the expansion of production is positively influencing the market growth. moreover, the growing popularity of improved agricultural practices and technological advancements that enhance crop yields, while ensuring a consistent supply to meet the rising global demand, is acting as a growth-inducing factor. Additionally, the imposition of favorable trade policies and agreements that facilitate smoother export and import processes, is strengthening the market growth. apart from this, the increasing popularity of international cuisines that include chickpeas are a staple ingredient, is also contributing to the market growth.

Chickpeas Market Report Segmentation:

Regional Insights:

India’s dominance in the chickpeas market is attributed to the growing vegan population, rapid innovations in food technology, and rising consumer awareness about sustainability.

• India
• Australia
• Pakistan
• Myanmar
• Ethiopia

Global Chickpeas Market Trends:

The development of chickpea-based protein products, which include chickpea protein isolates and concentrates in protein bars, shakes, and other nutritional is catalyzing the market growth. Additionally, the rising product popularity in the functional foods sector, as they are valued for their potential health benefits, such as promoting heart health and managing blood sugar levels, is fueling the market growth. In addition to this, the growing utilization of chickpeas due to their environmental benefits, as they have nitrogen-fixing properties that improve soil health and reduce the need for synthetic fertilizers, is favoring the market growth.

Speak to An Analyst: https://www.imarcgroup.com/request?type=report&id=661&flag=C

Top Companies Operated in Chickpeas Industry:

• Adani Wilmar Limited (AWL)
• Cargill Foods India
• AGT Food and Ingredients, Inc.
• BroadGrain Commodities, Inc.

Key Highlights of the Report:

• Market Performance (2018-2023)
• Market Outlook (2024-2032)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact US:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: [email protected]
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145