The global chickpeas market reached a value of US$ 16.2 Billion in 2020. 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. Looking forward, IMARC Group expects the global chickpeas market to exhibit moderate growth during the next five years.
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:
Key Questions Answered in This Report:
According to the estimates by IMARC Group, the global chickpeas market is expected to exhibit moderate growth during the next five years.
The increasing preference for a protein-based diet and the growing popularity of vegan/vegetarian meat substitutes are among the major trends in the market.
On account of the spread of the coronavirus disease (COVID-19), there is a significant rise in the demand for food products that boost immunity, such as chickpeas. However, market players are currently unable to meet the demand due to the slowdown of the logistics activities and lockdowns imposed by governments of numerous countries.
The global chickpeas market reached a value of US$ 16.2 Billion in 2020.
The demand for chickpeas is escalating due to their increasing application in the food and beverage (F&B) industry for manufacturing various food products.
On the geographical front, the market has been segmented into India, Australia, Pakistan, Myanmar and Ethiopia.
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