Chickpeas Market 2019: Global Industry Analysis, Price Trends, Drivers, Growth Opportunities, Challenges, and Investment Opportunities

November 14 10:58 2019
Chickpeas Market 2019: Global Industry Analysis, Price Trends, Drivers, Growth Opportunities, Challenges, and Investment Opportunities

Global Chickpeas Market Catalysed by Growing Demand in the Food Industry – IMARC Group
The global chickpeas market is growing at a healthy rate. Some of the factors that have influenced the demand include rising population, improving standards of living, health benefits, increasing applications in food industry, etc.

According to the latest report by IMARC Group, the global chickpeas market reached a volume of 12.5 Million Tons in 2018.

Chickpeas, also known as garbanzo beans, are pulses which belong to the Leguminosae family, consumed mainly within the Asian and Middle Eastern nations. Chickpeas are endowed with the goodness of nutrients, vitamins and fibre, and help in increasing folate as well as manganese intake. They are beneficial for boosting digestion, keeping blood sugar levels stable and catering satiety as well as weight-loss. Chickpeas are generally distinguished into two types, namely Desi and Kabuli. While Desi chickpeas are grown in India, Kabuli chickpeas are cultivated only in West Asia and the Mediterranean regions. 

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Market Drivers/Constraints:

One of the primary factors that has proliferated the demand for chickpeas are the health benefits that are associated with chickpeas. Some of these health benefits include weight management, strengthening bones, reduction of inflammation, improving digestion, and preventing diabetes and heart-attacks.

In addition, the growing population in emerging nations has affected the demand for food supply. As a result, the demand for chickpeas has witnessed a surge over the past few years. Further, improving standards of living have shifted consumer preferences to healthier food options like chickpeas.

Moreover, chickpeas are known for their potency to enhance the aroma and taste of numerous food products like spreads, dips, soups, sauces, etc. This has led to the rising applications of chickpeas in the food industry, thereby influencing its overall demand in the global market.

However, there are several factors that hamper the market growth. Though chickpeas act as a great source of gluten-free protein for the vegans, eating chickpeas in excess may disturb the digestion pattern or give a stomach-ache.

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Key highlights of the report:

Market Performance

Market Outlook

Porter’s Five Forces Analysis

Market Drivers and Success Factors

SWOT Analysis

Value Chain

Competitive Structure

Profiles of Key Players

Some of the major players and suppliers analyzed in the report include:

1. AGT Foods and Ingredients
2. Gourmet Foods of Australia Pvt
3. Mt Tyson Seeds Pty Ltd
4. Agrifoods Australia
5. Selected Pulse Foods Pty Ltd
6. Saskcan Pulse Trading Incorporation
7. Prairie Pulse Incorporation
8. EQUI Trade Foodstuff TRD
9. Qualit Agro Processors
10. Pulses Splitting and Processing Industrial Pvt

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