Chickpea Market Size to Reach $10.68 Billion by 2028 - Share, Demand and Distributor Outlook - Million Insights
The global chickpea market size is expected to reach USD 10.68 billion by 2028, according to a new report by Million Insights. It is expected to expand at a CAGR of 3.15% from 2021 to 2028. Increasing demand for protein-rich chickpea as from developed as well as developing countries is propelling market growth.
The global chickpea market size is expected to reach USD 10.68 billion by 2028, according to a new report by Million Insights. It is expected to expand at a CAGR of 3.15% from 2021 to 2028. Increasing demand for protein-rich chickpea as from developed as well as developing countries is propelling market growth.
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Chickpea Market Size to Reach $10.68 Billion by
2028 | Share, Demand and Distributor Outlook |
Million Insights
“The market growth can be credited to the increasing demand for protein supplements from the
health-conscious millennial population and the growing trend of veganism.”
Chickpea Market report offers the most up-to-date data on current market scenario, trends and future outlook. This
study provides numerous opportunities for market players to invest for research and development in the market. It
also provides a detailed evaluation of the industry by highlighting information on different aspects which include
drivers, restraints, growth opportunities, and threats. This information can help stakeholders to make appropriate
decisions before investing.
Main Features of the Report:
To gain insightful analyses of the market and have comprehensive understanding of the global market and its
commercial landscape.
Assess the production processes, major issues, and solutions to mitigate the development risk.
To understand the most affecting driving and restraining forces in the market and its impact in the global
market.
Learn about the market strategies that are being adopted by leading respective organizations.
To understand the future outlook and prospects for the market.
Besides the standard structure reports, we also provide custom research according to specific requirements.
Impact of COVID-19 on chickpea Market.
The global chickpea market size is expected to reach USD 10.68 billion by 2028, according to a new report by
Million Insights. It is expected to expand at a CAGR of 3.15% from 2021 to 2028. Increasing demand for proteinrich
chickpea as from developed as well as developing countries is propelling market growth.
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https://www.millioninsights.com/snapshots/chickpea-market-report/request-demo
The growing trend of healthy diet and vegetarianism has led to the significant growth of the market. The ground
chickpea can be an alternative to caffeine-related products such as coffee as its taste and flavor are the same as
coffee. Brown chickpeas have various health benefits such as reducing the risk of certain types of cancers and
regulating sugar levels in the blood. They boost immunity and also provide extra strength to our muscles. This has
led to increased inclination of the young generation towards the product for a balanced diet, resulting in significant
growth of the market.
Desi chickpeas captured the largest share of more than 70.0% in 2020. Rising demand for this product for a
proportionate diet is propelling the segment growth. Moreover, desi chickpeas have numerous health benefits. This
is projected to help the market to grow in the upcoming years.
Asia Pacific held the largest share of over 70.0% in 2020 owing to the increasing demand from India, Australia, and
Myanmar. India is a leader in the production of chickpeas, accounting for 9.94million metric tons according to the
FAO. Following India, Australia and Myanmar are the leading producers and exporters of chickpeas to developed
countries. All these factors together are expected to boost the regional market growth.
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https://www.millioninsights.com/snapshots/chickpea-market-report
Chickpea Market Report Highlights
The desi type segment held the largest share of above 70.0% in 2020 due to the increasing demand
from developing countries, such as India
By distribution channel, hypermarkets and supermarkets held the largest share of over 35.0% in 2020
due to the growing number of hypermarkets and supermarkets
Europe is anticipated to register a growth rate of 2.91% from 2021 to 2028 owing to the rising
production of chickpea in developed countries
North America is expected to witness significant growth over the forecast period due to the rising
adoption of a healthy and protein-rich diet as chickpea as are a good source of protein
Chickpea Market Segmentation
Million Insights has segmented the global chickpea market on the basis of type, distribution channel, and region:
Chickpea Type Outlook (Revenue, USD Million, 2017 - 2028)
Desi
Kabuli
Chickpea Distribution Channel Outlook (Revenue, USD Million, 2017 - 2028)
Hypermarkets & Supermarkets
Convenience Stores
Grocery Stores
Online
Others
Chickpea Regional Outlook (Revenue, USD Million, 2017 - 2028)
North America
U.S.
Canada
Europe
Mexico
Turkey
Italy
Spain
Asia Pacific
India
Australia
Myanmar
Pakistan
Central & South America
Argentina
Middle East & Africa
Iran
Tanzania
List of Key Players of Chickpea Market
Wimmera Grain Company
Bean Growers
Arbel S.A.
IsikTarimUrunleriSanayiIcVe Dis Ticaret Ltd Sti
JOVA Graneros, S.A. de C.V.
Mast Qalander Group of Companies
Indraprasth foods Ltd.
OLEGA S.A.
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Ryan Manuel
Research Support Specialist, USA
Email: ryan@millioninsights.com
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