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The Chickpeas Market grew from USD 6.80 billion in 2023 to USD 7.21 billion in 2024. It is expected to continue growing at a CAGR of 6.50%, reaching USD 10.57 billion by 2030. Speak directly to the analyst to clarify any post sales queries you may have.
The chickpea market encompasses a wide scope defined by its applications in various sectors such as food and beverage, health supplements, and animal feed. Chickpeas, or garbanzo beans, are primarily valued for their high protein content, dietary fiber, vitamins, and minerals, making them essential in vegan and vegetarian diets and a popular alternative protein source. The necessity for chickpeas is driven by increasing consumer awareness around health benefits, dietary preferences, and sustainable agricultural practices. Their application spans from consumption as whole grains to use in processed foods like hummus, falafel, soups, and snacks. In terms of end-use, sectors such as fast-moving consumer goods (FMCG), pharmaceuticals, and animal nutrition see significant potential in chickpea incorporation.
Market insights reveal strong growth influenced by rising plant-based food trends, with a shift towards organic and non-GMO products enhancing demand. The latest opportunities arise from expanding into emerging markets where traditional chickpea consumption is yet under-realized and increasing innovations in chickpea-derived products like protein isolates and flour. However, limitations include price volatility due to fluctuating agricultural outputs, trade restrictions, and climatic factors affecting yield. Furthermore, challenges such as supply chain disruptions and competition with other plant-based sources may hinder market growth.
For innovation and research, focus on sustainable farming techniques, enhancing crop yield and resistance to climatic changes, and developing novel chickpea-based food and beverage products can drive business growth. Additional research into chickpea’s potential health benefits, like glycemic control and cardiovascular health, could further expand their application spectrum. The chickpea market is characterized by a moderately competitive nature, with significant presence from both multinationals and smaller firms leveraging local cultivation. Innovations aimed at improving production efficiency and product differentiation will be critical in capitalizing on the growing demand for chickpeas globally.
Understanding Market Dynamics in the Chickpeas Market
The Chickpeas Market is rapidly evolving, shaped by dynamic supply and demand trends. These insights provide companies with actionable intelligence to drive investments, develop strategies, and seize emerging opportunities. A comprehensive understanding of market dynamics also helps organizations mitigate political, geographical, technical, social, and economic risks while offering a clearer view of consumer behavior and its effects on manufacturing costs and purchasing decisions.- Market Drivers
- Increasing consumer shift toward healthier and plant-based diets
- Rising popularity of Middle Eastern and Indian cuisines, where chickpeas are a staple
- Market Restraints
- Concerns associated with food adulteration
- Market Opportunities
- Advancements in cultivation and production technologies
- Ongoing research and development in chickpea varieties
- Market Challenges
- Unpredictable weather patterns and supply chain disruption
Exploring Porter’s Five Forces for the Chickpeas Market
Porter’s Five Forces framework further strengthens the insights of the Chickpeas Market, delivering a clear and effective methodology for understanding the competitive landscape. This tool enables companies to evaluate their current competitive standing and explore strategic repositioning by assessing businesses’ power dynamics and market positioning. It is also instrumental in determining the profitability of new ventures, helping companies leverage their strengths, address weaknesses, and avoid potential pitfalls.Applying PESTLE Analysis to the Chickpeas Market
External macro-environmental factors deeply influence the performance of the Chickpeas Market, and the PESTLE analysis provides a comprehensive framework for understanding these influences. By examining Political, Economic, Social, Technological, Legal, and Environmental elements, this analysis offers organizations critical insights into potential opportunities and risks. It also helps businesses anticipate changes in regulations, consumer behavior, and economic trends, enabling them to make informed, forward-looking decisions.Analyzing Market Share in the Chickpeas Market
The Chickpeas Market share analysis evaluates vendor performance. This analysis provides a clear view of each vendor’s standing in the competitive landscape by comparing key metrics such as revenue, customer base, and other critical factors. Additionally, it highlights market concentration, fragmentation, and trends in consolidation, empowering vendors to make strategic decisions that enhance their market position.Evaluating Vendor Success with the FPNV Positioning Matrix in the Chickpeas Market
The Chickpeas Market FPNV Positioning Matrix is crucial in evaluating vendors based on business strategy and product satisfaction levels. By segmenting vendors into four quadrants - Forefront (F), Pathfinder (P), Niche (N), and Vital (V) - this matrix helps users make well-informed decisions that best align with their unique needs and objectives in the market.Strategic Recommendations for Success in the Chickpeas Market
The Chickpeas Market strategic analysis is essential for organizations aiming to strengthen their position in the global market. A comprehensive review of resources, capabilities, and performance helps businesses identify opportunities for improvement and growth. This approach empowers companies to navigate challenges in the increasingly competitive landscape, ensuring they capitalize on new opportunities and align with long-term success.Key Company Profiles
The report delves into recent significant developments in the Chickpeas Market, highlighting leading vendors and their innovative profiles. These include AGRANA Beteiligungs-AG, AGT Food and Ingredients Inc., Arbel by AGT Food and Ingredients Inc., Archer Daniels Midland Company, Ardent Mills, Bean Growers Australia Ltd., Brindisa Ltd., BroadGrain Commodities, Inc., Dhanhar Exim Pvt. Ltd., Dhaval Agri Exports LLP., George DeLallo Company, Inc., Olam Agri Holdings Pte Ltd., OLEGA S.A., Palouse Brand, Raviraj Group, Siva Parvathi Seeds, Teasdale Latin Foods, The Chickpea Company, VAD Industries Pvt. Ltd., and Woods Holding Group Pty Ltd..Market Segmentation & Coverage
This research report categorizes the Chickpeas Market to forecast the revenues and analyze trends in each of the following sub-markets:- Type
- Desi Chickpeas
- Green Chickpea
- Kabuli Chickpea
- Form
- Canned
- Dried
- Fresh
- Frozen
- Application
- Delicacies
- Dips
- Direct Consumption
- Snacks
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
- Americas
The report provides a detailed overview of the market, exploring several key areas:
- Market Penetration: A thorough examination of the current market landscape, featuring comprehensive data from leading industry players and analyzing their reach and influence across the market.
- Market Development: The report identifies significant growth opportunities in emerging markets and assesses expansion potential within established segments, providing a roadmap for future development.
- Market Diversification: In-depth coverage of recent product launches, untapped geographic regions, significant industry developments, and strategic investments reshaping the market landscape.
- Competitive Assessment & Intelligence: A detailed analysis of the competitive landscape, covering market share, business strategies, product portfolios, certifications, regulatory approvals, patent trends, technological advancements, and innovations in manufacturing by key market players.
- Product Development & Innovation: Insight into groundbreaking technologies, R&D efforts, and product innovations that will drive the market in future.
Additionally, the report addresses key questions to assist stakeholders in making informed decisions:
- What is the current size of the market, and how is it expected to grow?
- Which products, segments, and regions present the most attractive investment opportunities?
- What are the prevailing technology trends and regulatory factors influencing the market?
- How do top vendors rank regarding market share and competitive positioning?
- What revenue sources and strategic opportunities guide vendors' market entry or exit decisions?
Table of Contents
1. Preface
2. Research Methodology
4. Market Overview
5. Market Insights
6. Chickpeas Market, by Type
7. Chickpeas Market, by Form
8. Chickpeas Market, by Application
9. Americas Chickpeas Market
10. Asia-Pacific Chickpeas Market
11. Europe, Middle East & Africa Chickpeas Market
12. Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
The leading players in the Chickpeas Market, which are profiled in this report, include:- AGRANA Beteiligungs-AG
- AGT Food and Ingredients Inc.
- Arbel by AGT Food and Ingredients Inc.
- Archer Daniels Midland Company
- Ardent Mills
- Bean Growers Australia Ltd.
- Brindisa Ltd.
- BroadGrain Commodities, Inc.
- Dhanhar Exim Pvt. Ltd.
- Dhaval Agri Exports LLP.
- George DeLallo Company, Inc.
- Olam Agri Holdings Pte Ltd.
- OLEGA S.A.
- Palouse Brand
- Raviraj Group
- Siva Parvathi Seeds
- Teasdale Latin Foods
- The Chickpea Company
- VAD Industries Pvt. Ltd.
- Woods Holding Group Pty Ltd.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 199 |
| Published | October 2024 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 7.21 Billion |
| Forecasted Market Value ( USD | $ 10.57 Billion |
| Compound Annual Growth Rate | 6.5% |
| Regions Covered | Global |
| No. of Companies Mentioned | 21 |
