The market witnessed stable growth even during the previous forecast period of 2018 to 2021. The trend is estimated to continue even during the present forecast period. Chickpeas are pulse crops and belong to the Leguminosae family and are grown as seeds of the Cicer arietinum plant. These own a large market in the region of Asia Pacific and it is estimated for the growth to continue throughout the forecast period.
These seeds are also known as chana or Egyptian peas. Chickpeas are pretty much popular in the regions of Asia and the Middle East. These crops drive the market for the regions as it is considered foreign exchange earning crop.
The chickpeas require proper aeration to maintain the quality of storage and also demand well-drained soil which is best suited for high yield.
It also must be checked for a period of the interval to avoid spoilage. The chickpeas are available in varieties bifurcated on the basis of colour, taste and seed size.
The Kabuli and small-sized dark coloured called desi type are the most commonly used ones are light coloured chickpeas.
Dry Chickpeas Market Analysis:
Chickpea sales expanded from 2016 to 2020 due to simple availability, low cost, and greater adaptability as a base ingredient in a variety of culinary dishes. Additionally, growing concerns about overeating meat have prompted consumers to reduce their intake of animal-based proteins, favouring chickpeas as a superior replacement.
Chickpea consumption rose significantly during the COVID-19 pandemic as more people showed an interest in eating a plant-based diet. A number of studies conducted during the pandemic crisis found that people who ate a plant-based diet had a 73% lower chance of developing moderate-to-severe COVID-19 infections.
Producers of chickpeas are making investments to increase their large-scale production. Additionally, chickpeas are becoming very popular across the globe due to their nutritional qualities.
Key Market Trends
Owing to increasing demand the Kabuli type of chickpeas is expected to gain a high market share during the forecast period. The global chickpeas market is expected to grow at a healthy CAGR during the forecast period.
Supply of antioxidants, decreased cardiovascular risks, improved blood regulation and support to the digestive tract are some of the health benefits offered by these chickpeas seeds.
But, lack of rainfall might impact the global chickpeas market as these crops are highly dependent on proper water supply.
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Segmental Analysis of the Market
By Type
- Kabuli chickpeas
- Desi chickpeas
It is estimated for the kabuli chickpeas category to witness highest growth in the market during the forecast period.
By Colour
- Yellow
- Brown
- Green
- Red
It is estimated for the red category to witness highest growth in the market during the forecast period.
By Distribution Type
- Supplier
- Distributers
- Retailer
It is estimated for the retailer category to witness highest growth in the market during the forecast period.
Asia Pacific region to witness the highest growth in the market during the forecast period
North America, Latin America, Asia Pacific excluding Japan (APEJ), Western Europe, Eastern Europe, Japan and Middle East and Africa (MEA) are the major regions that are driving the growth of the market. APEJ holds major share in the global chickpeas market with India driving the major growth in the region as well as the world.
Competitive Landscape
Some of the prominent companies operating in the market are
- Wimmera Grain Company
- Bean Growers
- Arbel S.A.
- Isik Tarim Urunleri Sanayi Ic Ve Dis Ticaret Ltd Sti
- JOVA Graneros, S.A. de C.V.
- Mast Qalander Group of Companies
- Indraprasth foods Ltd.
- R Young Seeds, Inc.
- OLEGA S.A.
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The health benefits offered to support the growth of the global chickpeas market. The demand for restoration of soil also aids in the growth of the global chickpeas market.
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