Global Chickpeas Market Report and Forecast 2024-2032

Global Chickpeas Market Report and Forecast 2024-2032

Global Chickpeas Market Report and Forecast 2024-2032

Market Outlook

According to the report by Expert Market Research (EMR), the global chickpeas market grew substantially in 2023. Aided by the rising demand for plant-based proteins and the versatility of chickpeas in culinary applications, the market is projected to further grow at a CAGR of 1.3% between 2024 and 2032.

Chickpeas, also known as garbanzo beans, are a type of legume that has been a staple in various global cuisines for centuries. They are highly nutritious, rich in protein, fibre, vitamins, and minerals, making them an excellent food choice for health-conscious consumers. Chickpeas' culinary flexibility is evident in their ability to be used in salads, soups, spreads, and as a base for meat substitutes, highlighting their adaptability in both traditional and innovative recipes.

One of the key factors driving the global chickpeas market growth is the surging demand for plant-based foods. With a growing segment of the population adopting vegan and vegetarian diets due to health, ethical, or environmental reasons, chickpeas have become a popular alternative to animal proteins. This shift in dietary preferences is prompting food manufacturers to innovate and expand their chickpea-based product offerings, ranging from hummus and falafel to plant-based burgers and meat alternatives.

The health benefits associated with chickpeas also contribute to the global chickpeas market demand. Chickpeas are known for their role in weight management, blood sugar regulation, and heart health, attributed to their high fibre and protein content. Additionally, they are a low-glycaemic food, making them a suitable dietary option for individuals managing diabetes.

Chickpeas are also finding increasing applications in the gluten-free market. As awareness and diagnosis of gluten-related disorders rise, the demand for gluten-free food products is burgeoning. Chickpea flour, known for its versatility and nutrient-rich profile, has become a preferred ingredient in gluten-free baking and cooking, further influencing the chickpeas market outlook.

Furthermore, the environmental sustainability of chickpeas is a factor that resonates with environmentally conscious consumers. Chickpeas require relatively low water usage and contribute to soil health through nitrogen fixation, making them an environmentally sustainable crop. This aspect aligns well with the increasing consumer preference for sustainable and eco-friendly food products.

Market Segmentation

The market can be divided based on region.

Market Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global chickpeas market. Some of the major players explored in the report by Expert Market Research are as follows:

• AGT Food and Ingredients
• BroadGrain Commodities, Inc.
• The Wimmera Grain Store
• Others

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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.