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 November 2024 |
Chickpeas Market Overview
What is the Market Size & CAGR of Chickpeas market in 2023?
Chickpeas Industry Analysis
Chickpeas Market Segmentation and Scope
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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.Request a custom research report for industry.
Chickpeas Market Analysis By Product
Global Chickpeas Market, By Product Analysis (2024 - 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 (2024 - 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 (2024 - 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 (2024 - 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 (2024 - 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
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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.We're grateful to work with incredible clients.
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FAQs
What is the market size of chickpeas?
The global chickpeas market is valued at approximately $12 billion in 2023, with a compound annual growth rate (CAGR) of 7.8%. This growth signifies strong demand and potential expansion in various regions and market segments.
What are the key market players or companies in the chickpeas industry?
Key players in the chickpeas market include major food manufacturers, retailers, and distributors who specialize in legumes. These companies drive innovation and expand product offerings worldwide, contributing significantly to market growth.
What are the primary factors driving the growth in the chickpeas industry?
Growth in the chickpeas industry is driven by increased health awareness, demand for plant-based proteins, and the versatility of chickpeas in various culinary applications. Additionally, their nutritional benefits and suitability for various diets boost consumer interest.
Which region is the fastest Growing in the chickpeas market?
The Asia Pacific region is poised to be the fastest-growing market for chickpeas, with growth from $2.27 billion in 2023 to $4.92 billion by 2033. This rapid development reflects increasing consumption and production capabilities.
Does Consainsights provide customized market report data for the chickpeas industry?
Yes, Consainsights offers customized market report data tailored to specific needs within the chickpeas industry. This includes detailed analytics on different market segments, trends, and regional insights.
What deliverables can I expect from this chickpeas market research project?
Deliverables typically include comprehensive market analysis reports, regional data insights, segment performance metrics, and trends forecasting. This ensures you receive valuable information for strategic planning.
What are the market trends of chickpeas?
Current trends in the chickpeas market include growing interest in plant-based diets, innovative product launches such as chickpea-based snacks, and increased usage in food service and retail channels, reflecting adaptability in consumer preferences.