Latest News- Chickpea Market: Offline is expected to lead the Distribution Channel segment during 2024-2028

The Chickpea Market is being driven by Increasing consumption of chickpeas as a snacking item

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. The global vegan population has experienced substantial growth, with Europe and the US leading the way. In 2023, approximately 3.2% of Europe's population, equating to 2.6 million individuals, identified as vegan. Similarly, the US counted over 9 million vegans during the same year. Fueled by concerns over allergen exposure and the rise of veganism, consumers are increasingly opting for plant-based protein sources, such as chickpeas. Furthermore, the expanding global workforce and their hectic lifestyles have driven up the demand for convenient, nutritious, and affordable protein options, making chickpeas a popular choice. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Distribution Channel
  • Offline
  • Online
• Product
  • Desi chickpea
  • Kabuli chickpea
• Form
  • Whole
  • Split
  • Flour (Besan)
  • Processed (Canned, Roasted, Sprouted)
• Application
  • Food & Beverages (Flour Production, Snacks, Hummus & Dips, Salads, Curries & Stews, Soups)
  • Animal Feed
  • Seed
• Nature
  • Organic
  • Conventional
• End-use Industry
  • Household
  • Foodservice
  • Food Processing
• Geography
  • APAC
    • China
    • India
    • Japan
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • Middle East and Africa
    • Egypt
  • South America
    • Brazil
    • Argentina

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increasing consumption of chickpeas as a snacking item
• Health-promoting benefits of chickpeas
• Increasing prominence of private-label brands

However, the market also witnesses some limitations, which are as follows:

• Uncertainty in rainfall affecting the chickpea crop production
• Declining crop yields due to overgrowth of weeds
• Increase in trade tariffs on chickpeas

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Market Scope in Chickpea Market Research Report

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Research Analysis Overview

The Chickpea market faces various challenges that impact plant growth and productivity. These include abiotic stressors like water and heat, as well as biotic stressors such as fungal, bacterial, and viral pathogens, insect pests, and weed infestations. Nutrient deficiencies, caused by soil fertility issues, also affect chickpea production during different growth stages. To mitigate these challenges, efficient use of nitrogen and phosphorus, proper irrigation scheduling, tillage practices, and crop residue management are essential. Monitoring systems and data analytics play a crucial role in optimizing plant nutrition, harvest index, biomass production, and grain filling. Soil erosion control, soil compaction, and weed management are other essential practices to ensure sustainable chickpea farming. Fertilizer application and tillage practices should be carefully planned to enhance soil fertility and improve nutrient availability.

Market Research Overview

The chickpea market represents a significant segment within the agricultural industry, with key players focusing on enhancing crop productivity and ensuring food safety through the application of advanced agricultural solutions. Technavio's market analysis for the global chickpea market size encompasses revenue generated by vendors offering microbial inoculants, humic acid fertilizers, and other agro-inputs that optimize nitrogen fixation, phosphorus uptake, and potassium availability. The market expansion is driven by the adoption of these innovative agricultural solutions, which contribute to improved crop health, increased yield, and enhanced nutritional value. The integration of microbial inoculants, for instance, facilitates nitrogen fixation, thereby reducing the reliance on synthetic fertilizers and promoting sustainable farming practices. Similarly, humic acid fertilizers bolster phosphorus uptake and potassium availability, ensuring optimal plant growth and nutrient absorption. These advancements not only cater to the growing demand for healthier food options but also contribute to the overall sustainability of the agricultural sector.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
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