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global chickpea
market is anticipated to improve at a CAGR of 6.9%. Chickpea sales
are anticipated to escalate from US$ 7,948.2 million in 2023 to US$ 15,519.9
million by 2033. Due to the numerous health advantages of legumes, the chickpea
industry is predicted to expand quickly.
The main factor surging the growth of the chickpea protein
market is customers’ growing preference for nutritious foods. People worldwide
gravitate toward a more dependable, clean food source offering significant
dietary benefits. Due to growing environmental consciousness, the appeal of
meat alternatives, and the trend of veganism and vegetarianism, these
lifestyles have been rapidly growing.
Due to the increased demand for plant-based foods and
healthy snacks, the chickpea industry experienced consistent sales growth. The
chickpea-based products market profited from the early change in customer
tastes towards healthier, more sustainable solutions. The predicted mid and
long-term growth was sketched out in this phase.
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Nourishing Future of The Market Driven by Government
Initiatives
The government has taken strong measures to encourage the
production and consumption of chickpea proteins, which have numerous health
advantages, catalyzing the chickpea protein market growth. In line with this
vision, European policymakers have put forth initiatives to promote the
production and consumption of chickpeas and other plants high in protein.
This tactical choice is projected to result in a
considerable increase in chickpea protein production, fueling significant
chickpea market expansion afterward. These programs encourage sustainable food
production and consumption while promoting healthier diets and economic
opportunities in agriculture.
Chickpea’s Rise in Nutraceuticals Unveil Market Growth
Opportunities
Since chickpeas are a plant-based protein, they are a
healthier option for persons with chronic cardiovascular conditions. Consuming
chickpea protein also helps to prevent hair loss and preserve healthy skin.
Due to all these health advantages, chickpeas are being more
widely used in nutraceuticals, which is anticipated to lead to multiple
potential for chickpea market expansion. In addition, chickpea protein is
renowned for playing a crucial part in controlling blood sugar, particularly in
those with type 2 diabetes. Chickpeas are crucial for managing diabetes.
Chickpea Protein’s Hidden Woes
With a broad profile of necessary components, chickpea
protein powder boasts substantial nutritional advantages. Due to its possible
negative effects, its chickpea protein ingredients market expansion confronts
difficulties. Consuming excess chickpea protein and its constituent parts can
cause serious digestive issues and even damage the digestive tract.
This may cause unpleasant side effects, including acidity
and bloating, which can prevent the widespread use of goods containing chickpea
protein. Careful moderation and awareness of these adverse effects are
necessary to completely reap the benefits of chickpea protein while reducing
any negatives.
Regional Outlook
The global chickpea market has a bright geographical
outlook, with consistent growth projected on several continents. Chickpeas
remain a staple food in Asia, particularly in India and Pakistan, supporting a
healthy demand. In regional foods like hummus and falafel, chickpeas are used
often in the Middle East and North Africa.
The chickpea protein market is growing in North America as
the acceptance of plant-based diets rises. Consumption of chickpeas as a
protein source and component in different cuisines is on the rise in Europe.
Chickpeas’ variety and health advantages contribute to the chickpea market
potential, and expansion is envisaged.
“The chickpea business exhibits potential growth due
to rising consumer demand for plant-based protein sources. Consumption is being
driven by rising health-consciousness and nutritional choices. However, supply
fluctuation and weather-induced problems pose difficulties. The chickpea
protein market appears to be optimistic, with ample space for expansion if
supply chain issues can be adequately handled.” says Nandini Roy
Choudhury (Client Partner for Food & Beverages at Future Market
Insights, Inc.).
Key Takeaways
- The
desi segment in the product type category to grab a share of 63.8% through
2033.
- The
United States industry to grab a share of 3.3% by 2033.
- Canada
to hold a market share of 3.2% by 2033.
- Germany
is going to dictate 1.0% of the global market by 2033.
- By
2033, China may possess 5% of the global market
- Australia
is anticipated to hold a 0.6% market share by 2033.
- By
2033, Japan’s market is going to latch a 1.3% share.
Competitive Landscape
To fulfill the rising demand for chickpeas worldwide,
chickpea manufacturers primarily concentrate on boosting production per hectare
for farmed land and developing innovative harvesting methods. The manufacture of
good export-quality chickpeas is another goal for leading chickpea
manufacturers.
Recent Advancements
- A
novel chickpea protein isolate for making plant-based ice cream was
unveiled in December 2022 by the food technology business ChickP Protein.
To make a prototype ice cream using the protein mentioned above isolate,
the business collaborated with Vaniglia.
- NotCreme
debuted on Masterchef Brazil in August 2022, according to NotCo, a Chilean
unicorn food technology company. The end product is a vegan milk cream
prepared from chickpeas.
- The
addition of organic chickpea spaghetti to its current lineup of organic plant-based
pasta was announced by Tolerant, a division of the Barilla Group noted for
creating minimally processed legume-based pasta, in July 2022.
Key Segments
By Form:
- Dried
- Fresh
- Canned
- Frozen
- Others
By Application:
- Direct
Consumption
- Snacks
- Delicacies
- Dips
- Others
By Type:
- Kabuli
Chickpea
- Indian
Chickpea
- Garbanzo
Beans
- Desi
Chickpeas
- Others
By Color:
- Yellow
- Brown
- Green
- Red
By Region:
- North
America
- Latin
America
- Europe
- East
Asia
- South
Asia
- Oceania
- The
Middle East and Africa
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