Offering numerous health benefits and a source of protein, chickpeas offer nutrients. Manufacturers of processed foods are increasingly using chickpeas in enhancing the taste of products such as dips, sauces, spreads, soups, etc. Chickpeas are also being used in various dishes, especially in Indian cooking. With increasing number of people becoming health conscious, chickpeas are being added to salads. Manufacturers are also introducing chickpeas in various forms like baked, canned or boiled chickpeas, offering convenience. This report, published by Fact.MR, provides in-depth analysis of the global chickpeas market for the forecast period 2017-2022, and offers key insights about future market direction.
Many restaurants and fast-food chains have also started using chickpeas as the main ingredient in their cooking. With the rise of health-consciousness among consumers, manufacturers have also started including chickpeas in various processed foods. Among various foods, hummus is one of the most popular dips or spread made of chickpeas. Hence, hummus is also being made using a variety of flavors with chickpeas as the main ingredient. Being the largest producer of chickpeas, many major market players are looking forward to expanding in India and other Asian countries to produce various food products with chickpeas as a major ingredient. Increasing number of people suffering from gluten sensitivity or celiac disease is also motivating restaurants to opt for gluten-free cooking with beans such as chickpeas.
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According to a study by Fact.MR, the global market for chickpeas is likely to witness above-average growth. The market is projected to bring in US$ 10,679.6 million revenue towards 2022 end. Being one of the major ingredients of various Mediterranean, Middle Eastern, and Indian dishes, the demand for chickpeas is continuously rising. Moreover, manufacturers of processed foods are also using chickpeas for offering a variety of food products.
Desi Chickpeas to Gain Maximum Revenue Share
Desi Chickpeas are projected to account for more than half of the share in terms of revenue by 2017 end. Desi chickpeas are also expected to create an incremental opportunity exceeding US$ 1,200 million between 2017 and 2022. Meanwhile, Kabuli chickpeas are also projected to witness steady growth throughout the forecast period.
Dried Chickpeas to be the Most Preferred Form
Among various forms of chickpeas available in the market, dried chickpeas are likely to gain traction in the global market for chickpeas. Dried chickpeas are projected to surpass US$ 5,000 million towards 2022 end. On the other hand, fresh/green chickpeas are also likely to be the second most preferred chickpeas form.
Direct Consumption of Chickpeas to Witness Steady Growth
As compared to the various application of chickpeas in salads, snacks, hummus, and tahini, direct consumption is likely to experience steady growth. Towards the end of 2022, direct consumption of chickpeas is projected to exceed US$ 3,500 million value. Although the use of chickpeas in hummus and tahini is also likely to experience growth in the coming years.
Competition Tracking
The report also profiles companies that are expected to remain active in the expansion of global chickpeas market through 2022, which include Bean Growers Australia Limited, The Wimmera Grain Co., Pty Ltd, AGT Food & Ingredients, Inc., OLEGA S.A., Alberta Pulse Growers Commission, Indraprasth Foods Ltd, Mast Qalander Traders, and Sanwa Pty. Ltd.
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Table of Content
- Global Chickpeas Market - Executive Summary
- Global Chickpeas Market Overview 2.1. Introduction 2.1.1. Global Chickpeas Market Taxonomy 2.1.2. Global Chickpeas Market Definition 2.2. Global Chickpeas Market Size (US$ Mn) and Forecast, 2012-2022 2.2.1. Global Chickpeas Market Y-o-Y Growth 2.3. Global Chickpeas Market Dynamics 2.4. Value Chain 2.5. Supply Chain 2.6. Trade Analysis 2.7. Product Innovations 2.8. List of Distributors 2.9. Key Participants in the Market
- Global Chickpeas Market Analysis and Forecast By Product Type 3.1. Global Chickpeas Market Size and Forecast By Product Type, 2012-2022 3.1.1. Desi Market Size and Forecast, 2012-2022 3.1.1.1. Revenue (US$ Mn) Comparison, By Region 3.1.1.2. Market Share Comparison, By Region 3.1.1.3. Y-o-Y growth Comparison, By Region 3.1.2. Kabuli Market Size and Forecast, 2012-2022 3.1.2.1. Revenue (US$ Mn) Comparison, By Region 3.1.2.2. Market Share Comparison, By Region 3.1.2.3. Y-o-Y growth Comparison, By Region
- Global Chickpeas Market Analysis and Forecast By Form 4.1. Global Chickpeas Market Size and Forecast By Form, 2012-2022 4.1.1. Dried Market Size and Forecast, 2012-2022 4.1.1.1. Revenue (US$ Mn) Comparison, By Region 4.1.1.2. Market Share Comparison, By Region 4.1.1.3. Y-o-Y growth Comparison, By Region
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