The global chickpea milk market size is estimated to reach USD 189.3 million in 2024 and USD 301.5 million by 2034. Global sales of chickpea milk will likely soar at a CAGR of 4.8% during the assessment period.
The chickpea milk market is gaining traction as health-conscious consumers shift towards plant-based alternatives to traditional dairy products. Derived from chickpeas, this dairy alternative offers a rich source of protein, vitamins, and essential nutrients while being free of lactose, gluten, and cholesterol. With the growing focus on environmental sustainability and dietary inclusivity, chickpea milk is rapidly becoming a popular choice across diverse demographics.
Chickpea milk, also known as garbanzo milk, is becoming a popular plant-based milk with diverse nutritional and environmental advantages. Rising awareness about the benefits of this plant-based milk is expected to boost sales growth during the forecast period.
Key Drivers of Growth
- Rising Popularity of Plant-Based Diets
The global rise in veganism and flexitarian diets has led to increased demand for plant-based dairy alternatives. Chickpea milk, with its creamy texture and high nutritional content, is emerging as a strong contender in the dairy-free beverage sector.
- Health and Nutritional Benefits
Chickpea milk is packed with plant-based proteins, vitamins (such as B6), and essential minerals like iron and magnesium. It supports heart health, promotes digestive wellness, and caters to consumers with lactose intolerance or gluten sensitivity, making it a versatile choice.
- Sustainability Advantage
Compared to almond or soy milk, chickpea milk requires less water and land to produce, making it a more eco-friendly alternative. This aligns with consumer and corporate goals of reducing environmental footprints, boosting its appeal in the market.
- Innovations and Product Diversification
Brands are introducing innovative chickpea milk products with varied flavors, fortified nutrients, and specialized formulations for different consumer groups, such as athletes, children, and seniors. These innovations are expanding the market and attracting new buyers.
Key Takeaways
- The global chickpea milk market is projected to grow at a CAGR of 4.8% between 2024 and 2034.
- Health benefits, sustainability, and versatility are driving its popularity across beverages, culinary uses, and functional foods.
- North America and Europe are the leading markets, with significant growth expected in Asia-Pacific.
- Innovations and increased awareness will be pivotal in overcoming market challenges.
Regional Market Insights
North America
The United States and Canada are leading markets due to high adoption of plant-based diets and growing consumer awareness about environmental sustainability.
Europe
Countries like Germany, the UK, and France are experiencing a surge in demand for dairy alternatives, driven by dietary preferences and government initiatives supporting plant-based food innovation.
Asia-Pacific
Emerging economies like China and India offer lucrative opportunities, with increasing urbanization, rising disposable incomes, and growing health awareness fueling the adoption of chickpea milk.
Latin America and MEA
The market is gradually growing in these regions, supported by expanding distribution networks and consumer interest in healthy and sustainable food options.
Competition Outlook
The chickpea milk market encompasses a diverse and dynamic competitive landscape. Leading companies are focusing on research and development, creating new formulations, and sustainable sourcing. Players are also looking to employ environment-friendly practices to satisfy the increasing demand for natural and sustainable ingredients.
Several companies are using innovative packaging to attract customers. Similarly, strategies like celebrity endorsements, partnerships, collaborations, and distribution agreements are becoming prevalent in the industry.
Industry Updates
- In February 2024, Califia Farms, a prominent plant-based beverage brand, introduced Califia Farms Complete, a creamy plant milk made from a special blend of fava bean protein, pea, and chickpea.
- In 2024, Yofiit’s new chickpea milk made its way into the American market, offering consumers plant-based alternatives.
Leading Chickpea Milk Brands
- Yofi
- Yofiit
- EPIC’C (Growth Well)
- Tally Foods Inc.
- Star Plants
- Califia Farms
- Others
Key Segments of Chickpea Milk Market Report
By Category:
As per category, the industry has been categorized into organic, and conventional.
By Flavor:
In terms of flavor, the chickpea milk market has been categorized into original/unflavored, and flavored. The flavored segment is further divided into chocolate, vanilla, strawberry, blueberry, and others.
By End Use:
Based on end use, the sector is segmented into dairy products, bakery and confectionery, and milk based beverages. The dairy products segment is further categorized into milk, cheese, yogurt, butter, ice cream, and frozen dessert.
By Region:
Chickpea milk industry analysis has been carried out in key countries of North America, Latin America, Europe, East Asia, South Asia, Oceania, and the Middle East & Africa.
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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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