Chickpea Market by Product, Distribution Channel, and Geography — Forecast and Analysis 2020–2024
The chickpea market size has the potential to grow by USD 4.68 billion during 2020–2024, and the market’s growth momentum will accelerate during the forecast period.
This report provides a detailed analysis of the market by product (desi chickpea and kabuli chickpea), distribution channel (offline and online), and geography (APAC, North America, Europe, MEA, and South America). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including Agrocrops India Ltd., AGT Food and Ingredients Inc., Arbel Group, ATC Group India, Bean Growers Australia Ltd., BroadGrain Commodities Inc., JOVA Graneros SA de CV, Mast Qalander Group of Companies, Olam International Ltd., and Woods Holding Group Pty Ltd.
Request for Free Sample Report
In many parts of the world, chickpea is increasingly being used and accepted as an easy to make and healthy snack. Chickpeas are a rich source of fiber, folate, protein, and zinc. Chickpea snacks are easy to prepare at home by adding spices and are easily available in the market as ready-to-eat (RTE) products. Therefore, the growing consumption of chickpeas in different forms around the world is expected to drive the growth of the global chickpea market. The growing use of chickpea flour in baked goods is one of the major trends being witnessed in the global chickpea market. Chickpeas offer various health benefits and are increasingly being used to prepare a grain-free flour. Chickpea flour is gluten-free, dense, and a rich source of dietary fiber and protein.
Chickpeas are known to have some effective health-promoting benefits as they are a rich source of fiber, zinc, iron, and the consumption of chickpeas also prevents swelling and contains tumor growth. The high fiber content in chickpeas enables healthy and proper digestion by moving food out of the digestive tract. Also, individuals affected by type 2 diabetes are advised to consume chickpeas as it improves sugar and insulin levels. Additionally, a significant amount of fiber in chickpeas is known to lower the cholesterol levels in the blood and mitigate the risks associated with heart disease. Furthermore, chickpeas also contain selenium, which helps liver enzymes to function properly and get rid of some cancer-causing components in the body. Therefore, the numerous health-promoting benefits of chickpeas have been identified as a key trend for the global chickpea market during the forecast period. As a result, the chickpea market will register a CAGR of over 4% during 2020–2024.
