Chickpea Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 9.44 Billion |
| Market Size (2029) | USD 11.02 Billion |
| CAGR (2024 - 2029) | 3.15 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia-Pacific |
Chickpea Market Analysis
The Chickpea Market size is estimated at USD 9.44 billion in 2024, and is expected to reach USD 11.02 billion by 2029, growing at a CAGR of 3.15% during the forecast period (2024-2029).
- In recent years, the global chickpea market has steadily expanded, driven by surging consumer demand for plant-based proteins, health-centric diets, and the rising allure of ethnic cuisines. Valued for their nutritional richness, versatility, and sustainable agricultural practices, chickpeas hold a prominent place as staples in numerous cultures. Their gluten-free nature and low glycemic index further enhance their attractiveness to those with specific dietary needs.
- Additionally, the worldwide pivot towards veganism, vegetarianism, and flexitarianism has amplified the demand for plant-based proteins, with chickpeas taking center stage. As Mediterranean, Middle Eastern, and Indian cuisines gain traction, dishes like hummus, falafel, and curries prominently feature chickpeas.
- Moreover, the market is witnessing a surge in innovative chickpea-based products, from pasta and snacks to flour and dairy alternatives, broadening their consumer appeal. A notable example is Barilla, the world's leading pasta producer, who in March 2023, unveiled 'Orzo', a new addition to its chickpea pasta line. Crafted from a single ingredient without additives like xanthan gum, this short-cut pasta boasts 19g of plant-based protein per 3.5oz serving and proudly carries a gluten-free certification.
Chickpea Market Trends
Increasing Production Due to Health Benefits
In recent years, the global chickpea market has witnessed robust growth, driven by heightened awareness of the legume's myriad health benefits. This surge in demand has led to increased production, especially in regions such as South Asia, the Middle East, and parts of the Mediterranean.
Chickpeas stand out as a potent source of plant-based protein, dietary fiber, vitamins, and minerals, making them a favored choice among health-conscious consumers. They boast essential nutrients, including iron, magnesium, potassium, and vitamin B6. Their abundant protein and fiber content bolster weight management, digestive health, and overall metabolic function. Additionally, the fiber in chickpeas aids in lowering cholesterol levels, thereby enhancing cardiovascular health. Regularly incorporating chickpeas into one's diet can mitigate the risks of heart disease and hypertension.
With a global pivot towards plant-based diets, chickpeas have emerged as a sought-after, protein-rich meat alternative. This trend resonates strongly within vegan and vegetarian circles, where there's a marked uptick in chickpea-based product consumption. For instance, FAOSTAT data reveals a jump in global dry chickpea production from 15,937,558 metric tons in 2021 to 18,095,248 metric tons in 2022, to cater to the increasing demand. Furthermore, chickpeas' low glycemic index aids in blood sugar regulation, making them a prime choice for diabetics and those monitoring their blood sugar. These pronounced health benefits have spurred chickpea production.
Asia-Pacific Dominates the Market
The Asia-Pacific region stands at the forefront of the global chickpea market, showcasing robust production, consumption, and export activities. This leadership is primarily attributed to the pivotal role chickpeas play in the diets and agricultural practices of nations like India and Australia. As the global appetite for plant-based proteins surges, Asia-Pacific nations are expected to ramp up production to satisfy both local and international demands.
India dominates the global chickpea landscape, accounting for over 70% of the world's production. Chickpeas, integral to Indian cuisine, feature prominently in traditional dishes such as curries, dals, and various snacks. This high domestic consumption is largely driven by India's substantial vegetarian populace, which depends on chickpeas for essential protein and dietary fiber. Additionally, India's conducive climate and well-established agricultural infrastructure bolster its production capabilities.
Australia has carved out a notable position in the Asia-Pacific chickpea arena, especially in the export domain. For instance, as per ITC Trade Map, Australia exported dried chickpeas valued at USD 395 million in 2022 which increased and reached USD 452 million in 2023. The nation's arid climate is ideal for chickpea farming, and Australian farmers are increasingly integrating chickpeas into their crop rotation practices.
The Asia-Pacific's geographical closeness to the Middle East, where chickpeas hold dietary significance, further cements its leading position. Middle Eastern nations heavily rely on imports from India and Australia, ensuring sustained demand. With its strategic location, strong agricultural framework, and a commitment to sustainable farming, the Asia-Pacific is poised to harness the global chickpea market's future growth.
Chickpea Market News
- February 2024: InnovoPro launched barista-grade chickpea protein to expand its plant-based protein ingredient segment, which is anticipated to boost the food and beverage industry.
- September 2023: Symrise introduced chickpea and aquafaba ingredients, designed for diverse plant-based applications. Free from EU allergens, these ingredients are also gluten-free and non-GMO. Their subtle taste and color make them versatile for a variety of recipes.
Chickpea Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increasing Production Due to Health Benefits
4.2.2 Rising Demand For Plant-Based Diets
4.2.3 Expanding Processed and Packaged Food Sector
4.3 Market Restraints
4.3.1 Climate Change Impact
4.3.2 Supply Chain and Storage Issues
4.4 Value Chain Analysis
5. MARKET SEGMENTATION
5.1 Geography
5.1.1 North America
5.1.1.1 United States
5.1.1.1.1 Production Analysis
5.1.1.1.2 Consumption Analysis and Market Value
5.1.1.1.3 Import Market Analysis (Volume and Value)
5.1.1.1.4 Export Market Analysis (Volume and Value)
5.1.1.1.5 Price Trend Analysis
5.1.1.2 Canada
5.1.1.2.1 Production Analysis
5.1.1.2.2 Consumption Analysis and Market Value
5.1.1.2.3 Import Market Analysis (Volume and Value)
5.1.1.2.4 Export Market Analysis (Volume and Value)
5.1.1.2.5 Price Trend Analysis
5.1.2 Europe
5.1.2.1 Germany
5.1.2.1.1 Production Analysis
5.1.2.1.2 Consumption Analysis and Market Value
5.1.2.1.3 Import Market Analysis (Volume and Value)
5.1.2.1.4 Export Market Analysis (Volume and Value)
5.1.2.1.5 Price Trend Analysis
5.1.2.2 United Kingdom
5.1.2.2.1 Production Analysis
5.1.2.2.2 Consumption Analysis and Market Value
5.1.2.2.3 Import Market Analysis (Volume and Value)
5.1.2.2.4 Export Market Analysis (Volume and Value)
5.1.2.2.5 Price Trend Analysis
5.1.2.3 France
5.1.2.3.1 Production Analysis
5.1.2.3.2 Consumption Analysis and Market Value
5.1.2.3.3 Import Market Analysis (Volume and Value)
5.1.2.3.4 Export Market Analysis (Volume and Value)
5.1.2.3.5 Price Trend Analysis
5.1.3 Asia-Pacific
5.1.3.1 India
5.1.3.1.1 Production Analysis
5.1.3.1.2 Consumption Analysis and Market Value
5.1.3.1.3 Import Market Analysis (Volume and Value)
5.1.3.1.4 Export Market Analysis (Volume and Value)
5.1.3.1.5 Price Trend Analysis
5.1.3.2 China
5.1.3.2.1 Production Analysis
5.1.3.2.2 Consumption Analysis and Market Value
5.1.3.2.3 Import Market Analysis (Volume and Value)
5.1.3.2.4 Export Market Analysis (Volume and Value)
5.1.3.2.5 Price Trend Analysis
5.1.3.3 Australia
5.1.3.3.1 Production Analysis
5.1.3.3.2 Consumption Analysis and Market Value
5.1.3.3.3 Import Market Analysis (Volume and Value)
5.1.3.3.4 Export Market Analysis (Volume and Value)
5.1.3.3.5 Price Trend Analysis
5.1.4 South America
5.1.4.1 Brazil
5.1.4.1.1 Production Analysis
5.1.4.1.2 Consumption Analysis and Market Value
5.1.4.1.3 Import Market Analysis (Volume and Value)
5.1.4.1.4 Export Market Analysis (Volume and Value)
5.1.4.1.5 Price Trend Analysis
5.1.4.2 Argentina
5.1.4.2.1 Production Analysis
5.1.4.2.2 Consumption Analysis and Market Value
5.1.4.2.3 Import Market Analysis (Volume and Value)
5.1.4.2.4 Export Market Analysis (Volume and Value)
5.1.4.2.5 Price Trend Analysis
5.1.5 Africa
5.1.5.1 South Africa
5.1.5.1.1 Production Analysis
5.1.5.1.2 Consumption Analysis and Market Value
5.1.5.1.3 Import Market Analysis (Volume and Value)
5.1.5.1.4 Export Market Analysis (Volume and Value)
5.1.5.1.5 Price Trend Analysis
5.1.5.2 Egypt
5.1.5.2.1 Production Analysis
5.1.5.2.2 Consumption Analysis and Market Value
5.1.5.2.3 Import Market Analysis (Volume and Value)
5.1.5.2.4 Export Market Analysis (Volume and Value)
5.1.5.2.5 Price Trend Analysis
6. MARKET OPPORTUNITIES AND FUTURE TRENDS
Chickpea Industry Segmentation
A chickpea is a hard, pale brown, round seed that can be cooked and eaten. They are very versatile, healthy, and easy to cook. The Chickpea market is segmented by Geography into North America, Europe, Asia-Pacific, South America, and Africa. The report includes production (volume), consumption (volume and value), import (volume and value), export (volume and value), and price trend analysis. The report offers market size and forecasts in terms of value (USD) and volume (metric tons) for all the above segments.
| Geography | |||||||||||||||||||||||
| |||||||||||||||||||||||
| |||||||||||||||||||||||
| |||||||||||||||||||||||
| |||||||||||||||||||||||
|
Chickpea Market Research FAQs
How big is the Chickpea Market?
The Chickpea Market size is expected to reach USD 9.44 billion in 2024 and grow at a CAGR of 3.15% to reach USD 11.02 billion by 2029.
What is the current Chickpea Market size?
In 2024, the Chickpea Market size is expected to reach USD 9.44 billion.
Which is the fastest growing region in Chickpea Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Chickpea Market?
In 2024, the Asia-Pacific accounts for the largest market share in Chickpea Market.
What years does this Chickpea Market cover, and what was the market size in 2023?
In 2023, the Chickpea Market size was estimated at USD 9.14 billion. The report covers the Chickpea Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Chickpea Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Chickpea Industry Report
The global market for chickpea protein is experiencing significant growth, driven by increasing demand across various regions including North America, Europe, Asia-Pacific, South America, and Africa. This industry report provides an in-depth market analysis, covering production, consumption, import, export, and price trends. The market size and market share are forecasted with a detailed outlook, offering insights into the market trends and market growth.
The industry analysis highlights the key market leaders and their contributions to the market value. The market forecast and market overview provide a comprehensive understanding of the market dynamics, including market segmentation and market predictions. The industry reports and industry research offer valuable industry information, including industry outlook and industry statistics.
The report example and report pdf are available for those seeking detailed market data and market review. The industry sales and industry size are also covered, providing a complete picture of the market's performance. The research companies involved in this market are crucial for understanding the market trends and industry trends, ensuring that the market outlook is well-informed and accurate.
In summary, this market report offers a thorough examination of the chickpea protein market, supported by extensive market research and industry analysis. The market growth and market forecast are promising, indicating a positive industry outlook for the coming years. The industry statistics and market data included in the report provide a solid foundation for understanding the market segmentation and market value, making this report an essential resource for stakeholders in the chickpea protein market.
Chickpea Market Report Snapshots
