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The global chickpeas market reached a value of US$ 16.2 Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 5.2% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Chickpeas, also known as garbanzo beans, refer to legumes that come under the family of Fabaceae and subfamily of Faboideae. There are two distinct types of cultivated chickpea, namely Desi and Kabuli. The desi type is grown in the Indian subcontinent while the Kabuli type is grown in West Asia and the Mediterranean region. Chickpeas are considered a good source of carbohydrates, proteins and include high levels of dietary fiber, vitamins and minerals. As a result, they offer numerous health benefits such as stabilizing blood sugar levels, maintaining muscle strength, aiding weight management, improving digestion and minimizing the risk of several chronic diseases such as diabetes and heart attack. Owing to this, they are added in a variety of dishes, like sauces, dips, soups and spreads.
Chickpeas are an economical source of dietary proteins for vegetarian and vegan consumers and are widely consumed in the form of dal in the Indian subcontinent. They are also used as a primary ingredient in hummus, a dip made with mashed chickpeas and other materials, which is popular in numerous parts of the globe. Moreover, consumers are nowadays opting for food products with high protein content owing to rising health awareness, which is further driving the product demand. With the prevailing trend of vegetarian meat substitutes, chickpeas are also being utilized for producing textured protein. Besides this, on account of the high cost and limited availability of higher protein sources like soybean, chickpeas have emerged as a low-cost feed additive. Some of the other factors boosting the growth of the market are population growth, increasing disposable incomes, and changing dietary patterns.
IMARC Group provides an analysis of the key trends in each sub-segment of the global chickpeas market report, along with forecasts for growth at the global and regional level from 2021-2026. Our report has categorized the market based on region.
Region-wise, India currently represents the largest producer of chickpeas, accounting for more than two-thirds of the global production. They are used in a variety of dishes as a whole, as dal (chana dal), or as flour (besan).
The competitive landscape of the market is characterized by the presence of numerous small and large manufacturers who compete in terms of prices and quality. Some of the key players operating in the industry are:
The global chickpeas market was valued at US$ 16.2 Billion in 2020.
We expect the global chickpeas market to exhibit a CAGR of 5.2% during 2021-2026.
The growing demand for chickpeas among the health-conscious masses as it is a rich source of protein that helps in improving digestion and minimizing the risk of several chronic diseases is currently driving the global chickpeas market.
Sudden outbreak of the COVID-19 pandemic has led to the changing consumer inclination from conventional brick-and-mortar distribution channels towards online retail platforms for the purchase of chickpeas and chickpeas-based products.
On a regional level, the market has been classified into India, Australia, Pakistan, Myanmar, and Ethiopia, where India currently dominates the global market.
Some of the major players in the global chickpeas market include Adani Wilmar Limited (AWL), Cargill Foods India, AGT Food and Ingredients, Inc., and BroadGrain Commodities, Inc.
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