global chickpea market is poised for significant growth, driven by the rising demand for plant-based protein sources and increasing health consciousness. The market is expected to reach a value of USD 15.52 billion by 2033, expanding at a CAGR of 6.9% from 2023 to 2033. Chickpeas, also known as garbanzo beans, are a versatile legume packed with protein, fiber, and essential nutrients. This makes them a compelling alternative to animal protein for health-conscious consumers and a key player in the burgeoning plant-based food industry.
The demand for chickpeas is being fueled by several key trends:
- Plant-Based Revolution: Consumers are increasingly embracing plant-based diets for health, environmental, and ethical reasons. Chickpeas offer a nutritious and sustainable alternative to meat, driving their consumption in various forms like flours, snacks, and meat substitutes.
- Health Benefits: Chickpeas are a powerhouse of protein, fiber, vitamins, and minerals. They are known to aid digestion, manage blood sugar levels, and promote heart health. This growing awareness of their health benefits is propelling chickpea consumption across demographics.
- Convenience Factor: The rise of busy lifestyles has created a demand for convenient and healthy snacks. Chickpeas are naturally shelf-stable and versatile, making them a perfect on-the-go snack option. Ready-to-eat chickpea snacks are gaining traction in the market, further fueling demand.
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Nourishing Future of The Market Driven by Government Initiatives
The government has taken strong measures to encourage the production and consumption of chickpea proteins, which have numerous health advantages, catalyzing the chickpea protein market growth. In line with this vision, European policymakers have put forth initiatives to promote the production and consumption of chickpeas and other plants high in protein.
This tactical choice is projected to result in a considerable increase in chickpea protein production, fueling significant chickpea market expansion afterward. These programs encourage sustainable food production and consumption while promoting healthier diets and economic opportunities in agriculture.
Chickpea’s Rise in Nutraceuticals Unveil Market Growth Opportunities
Since chickpeas are a plant-based protein, they are a healthier option for persons with chronic cardiovascular conditions. Consuming chickpea protein also helps to prevent hair loss and preserve healthy skin.
Due to all these health advantages, chickpeas are being more widely used in nutraceuticals, which is anticipated to lead to multiple potential for chickpea market expansion. In addition, chickpea protein is renowned for playing a crucial part in controlling blood sugar, particularly in those with type 2 diabetes. Chickpeas are crucial for managing diabetes.
Several factors are contributing to the growth of the chickpea market:
- Innovation in Chickpea Products: Manufacturers are developing innovative chickpea-based products like chickpea yogurt, chickpea milk cream, and plant-based ice cream, catering to diverse consumer preferences and expanding the market reach.
- Focus on Sustainability: Chickpeas require less water and resources compared to animal protein production, appealing to environmentally conscious consumers. Additionally, the focus on sustainable agriculture practices is expected to boost the production of organic chickpeas, attracting a premium market segment.
- Expansion into New Markets: Emerging markets in Asia Pacific and Latin America present significant growth potential for chickpeas due to their affordability and nutritional value. Leading players are strategically entering these markets to capitalize on the rising demand.
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Chickpea Protein’s Hidden Woes
With a broad profile of necessary components, chickpea protein powder boasts substantial nutritional advantages. Due to its possible negative effects, its chickpea protein ingredients market expansion confronts difficulties. Consuming excess chickpea protein and its constituent parts can cause serious digestive issues and even damage the digestive tract.
This may cause unpleasant side effects, including acidity and bloating, which can prevent the widespread use of goods containing chickpea protein. Careful moderation and awareness of these adverse effects are necessary to completely reap the benefits of chickpea protein while reducing any negatives.
Regional Outlook
The global chickpea market has a bright geographical outlook, with consistent growth projected on several continents. Chickpeas remain a staple food in Asia, particularly in India and Pakistan, supporting a healthy demand. In regional foods like hummus and falafel, chickpeas are used often in the Middle East and North Africa.
The chickpea protein market is growing in North America as the acceptance of plant-based diets rises. Consumption of chickpeas as a protein source and component in different cuisines is on the rise in Europe. Chickpeas’ variety and health advantages contribute to the chickpea market potential, and expansion is envisaged.
“The chickpea business exhibits potential growth due to rising consumer demand for plant-based protein sources. Consumption is being driven by rising health-consciousness and nutritional choices. However, supply fluctuation and weather-induced problems pose difficulties. The chickpea protein market appears to be optimistic, with ample space for expansion if supply chain issues can be adequately handled.” says Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.).
Key Takeaways
- The desi segment in the product type category to grab a share of 63.8% through 2033.
- The United States industry to grab a share of 3.3% by 2033.
- Canada to hold a market share of 3.2% by 2033.
- Germany is going to dictate 1.0% of the global market by 2033.
- By 2033, China may possess 5% of the global market
- Australia is anticipated to hold a 0.6% market share by 2033.
- By 2033, Japan’s market is going to latch a 1.3% share.
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Competitive Landscape
To fulfill the rising demand for chickpeas worldwide, chickpea manufacturers primarily concentrate on boosting production per hectare for farmed land and developing innovative harvesting methods. The manufacture of good export-quality chickpeas is another goal for leading chickpea manufacturers.
Recent Advancements
- A novel chickpea protein isolate for making plant-based ice cream was unveiled in December 2022 by the food technology business ChickP Protein. To make a prototype ice cream using the protein mentioned above isolate, the business collaborated with Vaniglia.
- NotCreme debuted on Masterchef Brazil in August 2022, according to NotCo, a Chilean unicorn food technology company. The end product is a vegan milk cream prepared from chickpeas.
- The addition of organic chickpea spaghetti to its current lineup of organic plant-based pasta was announced by Tolerant, a division of the Barilla Group noted for creating minimally processed legume-based pasta, in July 2022.
Key Segments
By Form:
- Dried
- Fresh
- Canned
- Frozen
- Others
By Application:
- Direct Consumption
- Snacks
- Delicacies
- Dips
- Others
By Type:
- Kabuli Chickpea
- Indian Chickpea
- Garbanzo Beans
- Desi Chickpeas
- Others
By Color:
- Yellow
- Brown
- Green
- Red
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- The Middle East and Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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