Chickpeas Market Size, Growth, Opportunity and Forecast By 2021-2026

 

According to the latest report by IMARCGroup, titled "Chickpeas Market Size:Global Industry Share, Growth, Opportunity and Forecast 2021-2026," the globalchickpeas market reached a value of US$ 16.2 Billion in 2020.Chickpeas belong to the legume family and are vastly grown across the Indiansubcontinent, West Asia and the Mediterranean region. Characterized by a nutty buttery flavor and creamy texture, they are used for the preparation of numerous dishes, such as soups, salads, stews, dips, sauces, spreads, curry and bakery products. They are a rich source of essential nutrients, such as vitamins, fibers, proteins, carbohydrates and minerals. As a result, their consumption offers numerous health benefits, such as improving the digestion process, assisting in weight management, maintaining muscle and bone strength, reducing inflammation, managing blood sugar levels and minimizing the risk of developing numerous chronic diseases. 

We are regularly tracking the direct effectof COVID-19 on the market, along with the indirect influence of associatedindustries. These observations will be integrated into the report. 

Global Chickpeas Market Trends: 

The global market is primarily driven byincreasing health-consciousness among consumers. The numerous health benefitsoffered by these legumes have led individuals to incorporate chickpeas in their daily diets. The increasing utilization of chickpeas in various processed food products to enhance the taste of preparations is acting as another major growth-inducing factor. In addition to this, rapid urbanization and globalization have contributed to the widespread popularity of diversified ethnic cuisines from across the globe. Since chickpeas are considered to be a staple in Mediterranean and Indian cuisines, this, in turn, is creating a positive outlook for the market. Chickpeas are also being used for the preparation of textured protein, which is extensively used as a popular form of vegetarian meat substitute. In line with this, the rising trend of veganism and vegetarianism among the masses is contributing to the market growth. The market is further driven by the growing preference for gluten- and grain-free flour, which has driven the demand for chickpea flour. Some of the other factors contributing to the market growth include the rising preference for protein-rich diet and increasing utilization of chickpeas as a low-cost feed additive. Looking forward, IMARC Group expects the market to grow at a CAGR of 5.2% during 2021-2026. 

Market Summary: 

· On the geographical front, the report hascovered India, Australia, Pakistan, Myanmar, and Ethiopia. Among these, Indiaholds the leading position in the market, accounting for the majority of the total market share. 

· The competitive landscape of the market hasbeen studied in the report, with the detailed profiles of the key playersoperating in the market. 

· Cargill Foods India 

· AGT Food and Ingredients, Inc. 

Breakup by Region:  

· India 

· Australia 

· Pakistan 

· Myanmar 

· Ethiopia   

Keyhighlights of the report:   

Market     Performance (2015-2020)  

  • Market Outlook     (2021-2026) 
  • Market     Trends 
  • Market     Drivers and Success Factors 
  • The Impact     of COVID-19 on the Global Market 
  • Value Chain     Analysis 
  • Structure of     the Global Market 
  • Comprehensive     mapping of the competitive landscape 
  • Ifyou need specific information that is not currently within the scope of thereport, we will provide it to you as a part of the customization.

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About Us  

IMARC Group is a leading marketresearch company that offers management strategy and market research worldwide.We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. 

IMARC’s information productsinclude major market, scientific, economic and technological developments forbusiness leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise. 

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