The global demand for Chickpea Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% during the period of 2022-2028.
Chickpea, also known as garbanzo beans, is an annual legume of the family Fabaceae. The most common type of chickpea has a beige color and round shape, and other varieties are black, green, or red. Garbanzo beans, just like other legumes, are rich in fiber and nutrients. Also, it contains several key minerals and vitamins. The plant grows to 8-20 inches in height and has small feathery leaves on each side of the stem. In this seed type, a seedpod contains 2 or 3 peas. Primarily, these beans find their application in animal feed and culinary use. It is an economical source of plant-based protein for vegetarian and vegan consumers.
Chickpea offers several health benefits that include decreased CVD risks, improved blood circulation, the supply of antioxidants, and supports the digestive tract. The innumerable health benefits are the key drivers for the growth of the international chickpeas market. The prevailing trend of vegetarian & vegan diet shift and increased awareness about a high protein diet among the masses adds fuel to the growth aspect of this market. Furthermore, owing to restricted availability and high cost of higher protein sources like soybean, garbanzo beans have emerged as a low-cost feed additive. On the other hand, as the COVID-19 pandemic takes over the world, trade and purchase behavior are undergoing serious transformation, this poses a substantial threat to this market.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of chickpea.
The entire chickpea market has been sub-categorized into type, colour and distribution channel. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Distribution Channel
- Kabuli Chickpea
- Desi Chickpea
- Grocery Stores
- Online Retail Stores
- Offline Retail Stores
- Convenience Stores
This section covers regional segmentation which accentuates on current and future demand for chickpea market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Chickpea Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the chickpea market include Mast Qalander Group of Companies, Agrocrops, Arbel S.A., Wimmera Grain Company, R. Young Seeds, Inc., Bean Growers Australia, Indraprasth Foods Ltd., Jova Graneros S.A. de C.V., OLEGA S.A. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
In case you have any custom requirements, do write to us. Our research team can offer a customized report as per your need.