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Reports > Food And Beverages > Chickpeas Market Report

Chickpeas Market Size, Share, Industry Trends and Forecast to 2033

This report covers an in-depth analysis of the chickpeas market from 2023 to 2033, including market size, growth forecasts, segmentation, regional insights, key players, technology trends, and industry challenges.

Metric Value
Study Period 2023 - 2033
2023 Market Size $12.00 Billion
CAGR (2023-2033) 7.8%
2033 Market Size $26.01 Billion
Top Companies Sahra Foods, ChickP, Olam Food Ingredients, The Hummus & Pita Co.
Last Modified Date 15 Nov 2024

Chickpeas Market Report (2023 - 2033)

Chickpeas Market Overview

The chickpeas industry is characterized by a diverse range of products including whole chickpeas, canned chickpeas, chickpea flour, and processed chickpeas. The industry has maintained resilience against economic fluctuations due to the essential role of chickpeas in global diets, particularly in regions where they are traditional staples. However, the sector faces challenges such as price volatility, a need for sustainable farming practices, and increased competition from alternative protein sources. Innovations in processing and packaging are helping companies to differentiate their offerings and cater to evolving consumer preferences.

What is the Market Size & CAGR of Chickpeas market in 2023?

As of 2023, the global chickpeas market is estimated to be valued at approximately USD 26.19 billion. From 2023 to 2033, the market is projected to grow at a compound annual growth rate (CAGR) of around 8.3%. This growth is supported by the increasing adoption of chickpeas as a versatile ingredient across various food applications, including snacks, dips, and ready-to-eat meals, alongside rising consumer interest in health and wellness.

Chickpeas Industry Analysis

The chickpeas industry is characterized by a diverse range of products including whole chickpeas, canned chickpeas, chickpea flour, and processed chickpeas. The industry has maintained resilience against economic fluctuations due to the essential role of chickpeas in global diets, particularly in regions where they are traditional staples. However, the sector faces challenges such as price volatility, a need for sustainable farming practices, and increased competition from alternative protein sources. Innovations in processing and packaging are helping companies to differentiate their offerings and cater to evolving consumer preferences.

Chickpeas Market Segmentation and Scope

The chickpeas market can be segmented by product type, application, distribution channel, form, and end-user. Key segments include whole chickpeas, canned chickpeas, dried chickpeas, and chickpea flour, each serving distinct consumer needs. Applications stretch across household consumption, food manufacturing, food service industries, and cosmetic uses, demonstrating the chickpea's versatility. Distribution channels comprise online and offline retail, with the latter encompassing supermarkets, health food stores, and specialty shops. The extensive scope of this market highlights the growing consumer trend towards health-oriented products, which is driving market innovation and investment.

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Chickpeas Market Analysis Report by Region

Europe Chickpeas Market Report:

Europe's chickpeas market is set to more than double from USD 3.51 billion in 2023 to USD 7.60 billion by 2033, thanks to a rising vegetarian population and increasing interest in Mediterranean diets, which prominently feature chickpeas.

Asia Pacific Chickpeas Market Report:

The Asia Pacific chickpeas market is projected to grow from USD 2.27 billion in 2023 to USD 4.92 billion by 2033, driven by high demand from countries like India and Bangladesh where chickpeas are a staple food. The region's burgeoning population and increasing health awareness contribute to this growth.

North America Chickpeas Market Report:

North America, with a market size of USD 4.43 billion in 2023, is anticipated to reach USD 9.59 billion by 2033. The surge in health-conscious consumers and the expansion of chickpeas in food products drive growth in this region.

South America Chickpeas Market Report:

In South America, the market is expected to increase from USD 0.24 billion in 2023 to USD 0.52 billion by 2033. This growth is fueled by rising interest in plant-based diets and the region's agricultural potential for chickpea cultivation.

Middle East & Africa Chickpeas Market Report:

The Middle East and Africa's market is expected to rise from USD 1.56 billion in 2023 to USD 3.38 billion by 2033. Chickpeas are traditional staples in many diets in this region, and there is a growing demand for convenience foods made from legumes.

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Chickpeas Market Analysis By Product

Global Chickpeas Market, By Product Analysis (2023 - 2033)

The product segmentation includes various types of chickpeas: Whole Chickpeas led the market with a size of USD 9.60 billion in 2023, expected to grow to USD 20.81 billion by 2033, holding a significant market share of 80.01%. Processed chickpeas followed with a market size of USD 2.40 billion in 2023, surging to USD 5.20 billion by 2033. Canned chickpeas are also a major player, projected to grow from USD 8.00 billion in 2023 to USD 17.34 billion by 2033, while dried chickpeas are set to increase from USD 3.20 billion to USD 6.93 billion over the same period.

Chickpeas Market Analysis By Application

Global Chickpeas Market, By Application Analysis (2023 - 2033)

The application of chickpeas spans across various sectors. The household segment is significant, valued at USD 8.00 billion in 2023, expected to grow to USD 17.34 billion by 2033. The food manufacturers segment stands at USD 3.20 billion, predicted to rise to USD 6.93 billion. The food service industry shows potential growth from USD 0.81 billion to USD 1.75 billion in the forecast period. Additionally, the cosmetics segment contributes with an increasing share, linking chickpeas to natural skincare products.

Chickpeas Market Analysis By Distribution Channel

Global Chickpeas Market, By Distribution Channel Analysis (2023 - 2033)

Chickpeas are distributed through both online and offline channels, with online retail dominating the market, holding a size of USD 9.60 billion in 2023, set to reach USD 20.81 billion by 2033, and accounting for 80.01% market share. Offline retail, although smaller, remains relevant, growing from USD 2.40 billion to USD 5.20 billion during the same period.

Chickpeas Market Analysis By Form

Global Chickpeas Market, By Form Analysis (2023 - 2033)

Chickpeas are available in several forms, including whole, canned, dried, and flour. The increasing popularity of chickpea flour as a gluten-free alternative is noteworthy, reflecting the growing trends towards healthier eating practices. Additionally, canned chickpeas are favored for their convenience, further boosting their market presence.

Chickpeas Market Analysis By End User

Global Chickpeas Market, By End-User Analysis (2023 - 2033)

The chickpeas market serves multiple end-users, including households, food manufacturers, food service industries, cosmetics manufacturers, and animal feed producers. Households remain the largest user segment due to the rising trend of plant-based diets, while food manufacturers are significantly utilizing chickpeas for their health benefits in product formulation.

Chickpeas Market Trends and Future Forecast

The chickpeas market is expected to witness ongoing growth driven by trends favoring plant-based diets, clean label products, and innovations in food technology. The increasing consumer preference for high-protein snacks and food products is also anticipated to boost demand. However, challenges related to climatic changes impacting chickpea production and rising resource costs may pose risks to market stability. The forecast through 2033 indicates robust growth opportunities as the global focus shifts towards sustainable and healthy eating.

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Global Market Leaders and Top Companies in Chickpeas Industry

Sahra Foods:

Sahra Foods specializes in producing high-quality chickpeas and has established itself as a leading supplier across North America and Europe.

ChickP:

ChickP is known for its innovative chickpea protein products, catering to the growing demand for plant-based proteins in food manufacturing.

Olam Food Ingredients:

Olam is a major player in the chickpeas market, focusing on sustainable sourcing and processing while offering a wide range of chickpea products worldwide.

The Hummus & Pita Co.:

This company leverages the health benefits of chickpeas through its diverse line of hummus and Mediterranean products, expanding consumer access to chickpea-based foods.

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Datasite
Agilent
Asten Johnson
Bio-Rad
Carl Zeiss
Dywidag
Illumina
LEK Consulting
Shell

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