Chickpea Market Size to Rise to 6.9% CAGR in 2033, Value to Cross US$15,519.9 Million

global chickpea market is expected to improve at a CAGR of 6.9%. Sales of chickpeas are expected to increase from $7,948.2 million in 2023 to $15,519.9 million in 2033. Due to the numerous health benefits of legumes, the chickpea industry is predicted to grow rapidly.

The major factor driving the growth of the chickpea protein market is the growing preference of customers for nutritious food. People around the world are trending toward a more reliable, cleaner food source that provides significant nutritional benefits. Due to growing environmental awareness, the appeal of meat alternatives and the trend of veganism and vegetarianism, these lifestyles have grown rapidly.

Due to increased demand for plant-based foods and healthy snacks, the chickpea industry has experienced consistent sales growth. The chickpea-based products market benefited from the early shift in customer tastes towards healthier, more sustainable solutions. In this phase, the predicted medium and long-term growth was outlined.

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A nourishing future of the market, driven by government initiatives

The government has taken strong steps to encourage the production and consumption of chickpea protein, which has numerous health benefits and catalyzes the growth of the chickpea protein market. In line with this vision, European policymakers have taken initiatives to promote the production and consumption of chickpeas and other plants with a high protein content.

This tactical choice is expected to result in a significant increase in chickpea protein production, which will subsequently cause a significant expansion of the chickpea market. These programs encourage sustainable food production and consumption while promoting healthier diets and economic opportunities in agriculture.

The rise of chickpeas in nutraceuticals reveals opportunities for market growth

Because chickpeas are a plant-based protein, they are a healthier option for people with chronic cardiovascular conditions. Consuming chickpea protein also helps prevent hair loss and maintain healthy skin.

Due to all these health benefits, chickpeas are being used more widely in nutraceuticals, which is expected to lead to multiple opportunities for chickpea market expansion. Furthermore, chickpea protein is known to play a crucial role in controlling blood sugar levels, especially in people with type 2 diabetes. Chickpeas are crucial for managing diabetes.

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The hidden problems of chickpea protein

With a broad profile of necessary components, chickpea protein powder provides significant nutritional benefits. Due to the possible negative effects, the expansion of the chickpea protein ingredients market is facing difficulties. Consuming excess chickpea protein and its constituent parts can cause serious digestive problems and even damage the digestive tract.

This can cause unpleasant side effects, including acidity and bloating, which may prevent the widespread use of products containing chickpea protein. Careful moderation and awareness of these adverse effects are necessary to fully reap the benefits of chickpea protein while reducing its negative effects.

Regional outlook

The global chickpea market has a favorable geographic outlook, with consistent growth expected across continents. Chickpeas remain a staple food in Asia, especially India and Pakistan, supporting healthy demand. In regional foods such as hummus and falafel, chickpeas are often used in the Middle East and North Africa.

The chickpea protein market is growing in North America as the acceptance of plant-based diets increases. The consumption of chickpeas as a protein source and component in various cuisines is increasing in Europe. The variety and health benefits of chickpeas contribute to the market potential of chickpeas, and expansion is being considered.

“The chickpea sector shows potential growth due to rising consumer demand for plant-based protein sources. Consumption is driven by increasing health awareness and dietary choices. However, fluctuations in supply and weather-related problems cause problems. The chickpea protein market appears optimistic, with ample room for expansion if supply chain issues can be adequately addressed.” says Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.).

Key learning points

• The desi segment in the product type category will have a 63.8% share till 2033.
• US industry will have a 3.3% share in 2033.
• Canada will have a market share of 3.2% in 2033.
• Germany will dictate 1.0% of the global market by 2033.
• By 2033, China could have 5% of the global market
• Australia is expected to have a market share of 0.6% by 2033.
• By 2033, the Japanese market will have a 1.3% share.

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Competitive landscape

To meet the rising demand for chickpeas worldwide, chickpea producers are focusing on increasing production per hectare for agricultural land and developing innovative harvesting methods. The production of chickpeas of good export quality is another goal of leading chickpea producers.

Recent developments

• A new chickpea protein isolate for making plant-based ice cream was unveiled in December 2022 by food technology company ChickP Protein. To create a prototype ice cream using the aforementioned protein isolate, the company teamed up with Vaniglia.
• NotCreme debuted on Masterchef Brazil in August 2022, according to NotCo, a Chilean unicorn food technology company. The final product is a vegan milk cream prepared from chickpeas.
• The addition of organic chickpea spaghetti to its current range of organic plant-based pasta was announced in July 2022 by Tolerant, a division of the Barilla Group known for creating minimally processed legume-based pasta.

Key segments

By shape:

• Dry
• Fresh
• Canned
• Frozen
• Others

By application:

• Direct consumption
• Snacks
• delicacies
• To dive
• Others

By type:

• Kabuli chickpea
• Indian Chickpea
• Garbanzo beans
• Desi Chickpeas
• Others

By color:

Per region:

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• The Middle East and Africa

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR Certified, Stevie Award Recipient and Member of the Greater New York Chamber of Commerce) provides deep insights into the driving factors driving demand in the market. FMI is the leading global provider of market information, advisory services, consultancy and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial and Chemical markets. With a vast team of more than 400 analysts worldwide, FMI offers global, regional and local expertise on diverse domains and industry trends in more than 110 countries.

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