The chickpea market is scheduled to expand at a CAGR of 6.9% during the anticipated period. From USD 7,948.2 million in 2023 to USD 15,519.9 million in 2033, the chickpea market size is forecast to rise.
The main factor surging the growth of the chickpea protein market is customers’ growing preference for nutritious foods. People worldwide gravitate toward a more dependable, clean food source offering significant dietary benefits. Due to growing environmental consciousness, the appeal of meat alternatives, and the trend of veganism and vegetarianism, these lifestyles have been rapidly growing.
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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.
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.
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 size.
- 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.
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 Chickpea Manufacturers
- ABBOTT BLACKSTONE Co. Inc.
- AdasCan Grain Corp.
- AGROCROPS
- AGT Food and Ingredients
- ATC Group India
- Australian Grain Export Pty Ltd.
- Bean Growers Australia Ltd.
- BroadGrain Commodities Inc.
- Cono Trading International AGFazlani Exports Pvt. Ltd.
- JOVA Graneros SA de CV
- Mast Qalander Group of Companies
- Natures Pulses Co.
- Olam International Ltd.
- Popular Pulse Products Pvt. Ltd.
- Raviraj Group
- Shimla Hills Offerings Pvt. Ltd.
- Shri Mahavir Group
- VEERRAL AGRO TECH
- Woods Holding Group Pty. Ltd.
- The Wimmera Grain Store.
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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
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