Technavio analyzes that the Chickpea Market is expected to grow at a CAGR of 5.42% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 7410.9 million.There are various factors that contribute to the growth of the market.ai_driver_list1
In the global chickpea market, convenience and grocery stores have emerged as key distribution channels due to the increasing urbanization and changing lifestyle preferences. According to FAO data, the Fabaceae family, which includes chickpeas, is a significant source of dietary fiber, making it an essential component of various dietary patterns, particularly for those managing diabetes. With disposable incomes on the rise, consumers in major economies like the UK, China, India, and Japan are increasingly opting for the convenience of shopping at supermarkets and hypermarkets. The growth of organized retail has made these channels the most popular for chickpea sales. Attractive discounts and strategic product placement contribute to unique shopping experiences, encouraging consumers to purchase chickpeas and related products from these outlets. The rise of convenience stores further bolsters the market, catering to the time-pressed urban population.
Know which region is leading the market growth by requesting a sample report
Chickpea Market Segmentation
As per our research findings, here are some of the key competitors that are leading the industry
Find out what is trending in the market by accessing the free PDF report
The legume species 'Cicer arietinum' is widely known as Chickpea, a major pulse crop that joins dry beans and peas in the pulse production category. Globally, it is among the significant pulse crops, cherished for its versatility in various dishes like curries, vegetarian meals, and snacks. Health awareness has fueled its popularity due to its high protein content, fiber, folate, zinc, and other essential nutrients. Product differentiation includes ready-to-eat meals, salads, and various forms like garbanzo beans and gram chickpeas. Its health benefits extend to aiding digestion and promoting satiety, making it a staple in many diets.
The Chickpea market encompasses producers and processors involved in the cultivation, processing, and exportation of Chickpeas (Cicer arietinum). According to Technavio, the global Chickpea market size is determined by the consolidated revenue of these entities. This market scope excludes manufacturers of farming equipment and those specializing in packaged alcoholic and non-alcoholic beverages. Key growth drivers for the Chickpea market include changing consumer lifestyles and the health benefits associated with chickpeas. These legumes are rich in carbohydrates, protein, and fiber, making them an ideal choice for individuals managing blood sugar levels. Additionally, the market is bolstered by the increasing demand for minimally processed foods due to their nutritional benefits. Biena Snacks, a leading player in the chickpea snacks segment, capitalizes on this trend by offering consumers healthy, convenient, and delicious snack options.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
Safe and Secure SSL Encrypted
One user only.
Quick & easy download option
Unlimited user access (Within your organization).
Complimentary Customization Included
*For Enterprise license, go to checkout page
Get the report (PDF) sent to your email within minutes.
