Newly released data from Fact.MR states the chickpeas market surpassed US$ 10.2 Bn by the end of 2031.

ROCKVILLE, MARYLAND, UNITED STATES, January 10, 2022 /EINPresswire.com/ -- The unprecedented COVID-19 pandemic has affected the global economy to a great extent. Considering the food industry, one of the most important sectors of the economy, a tremendous impact has been witnessed on the entire process from the field to the consumer. The restrictions in the movement of workers, closure of food production facilities, and changes in consumer demand have put excessive pressure on the food industry.

The report offers actionable and valuable market insights of Chickpeas. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Chickpeas Market across various industries and regions.

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Newly released data from Fact.MR states the chickpeas market surpassed US$ 10.2 Bn by the end of 2021. In addition, canned chickpeas are gaining traction in North America. Thus, Fact.MR estimates that the revenues of chickpeas market will nearly double between 2021 and 2031, reaching nearly US$ 17.8 Bn in 2031 with a CAGR of 5.7% in the forecast period.

Leading to higher nutrition value and protein, chickpeas are generally consumed with soups, salads, dip, spread, etc. Rising consumption is also leading to the rise in manufacturers offering chickpeas in various forms such as roasted, flavored, snack bar. Moreover, fried and seasoned chickpeas are also being consumed on a large scale.

The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Chickpeas market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Chickpeas

This newly published and insightful report sheds light on Market Insights of Chickpeas, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Chickpeas Market.

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Key Segments Covered

Product Type
Desi Chickpeas
Kabuli Chickpeas

Form
Dried Chickpeas
Fresh/Green Chickpeas
Frozen Chickpeas
Preserved/Canned Chickpeas
Chickpea Flour

Application
Chickpeas for Direct Consumption
Chickpeas for Salads
Chickpea Snacks
Chickpeas for Hummus and Tahini
Chickpeas for Sweets and Desserts
Chickpeas for Other Applications

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5 Forecast Highlights on Global Chickpeas Market

Asia Pacific Excluding Japan (APEJ) is expected to remain dominant in the global chickpeas market. By the end of 2022, APEJ chickpeas market is estimated to reach nearly US$ 5,000 million revenue. In APEJ region, India is one of the largest producer of chickpeas, followed by Australia, Pakistan, China, etc. hence, the region accounts for the largest share in the global chickpeas market.

North America is also expected to emerge as the biggest market for chickpeas. Chickpeas are consumed in various forms as food items. In North America, canned chickpeas are consumed on a large scale with salads. Chickpeas are also available in form of dry chickpeas and ground flour to be used in baking.
Compared to Kabuli chickpeas, desi chickpeas are expected to be one of the highly-preferred product. Desi chickpeas are estimated to reach nearly US$ 6,600 million revenue by the end of 2022.

Dried chickpeas are expected to be one of the most favored forms of chickpeas. By the end of 2017, dried chickpeas are estimated to account for nearly half of the market share. Dried chickpeas are also estimated to create more than US$ 1,000 million incremental opportunity during 2017-2022. Meanwhile, fresh/green chickpeas are also expected to witness growth during the forecast period.

Direct consumption of chickpeas is expected to be the highest compared to other applications. Direct consumption of chickpeas is estimated to reach close to US$ 3,600 million revenue by the end of 2022.

Key Question answered in the survey of Chickpeas market report:

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Growth of Chickpeas Market
Market Analysis of Chickpeas
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More Valuable Insights on Chickpeas Market

Fact.MR, in its new report, offers an unbiased Market Analysis of Chickpeas, Sales and Demand of Chickpeas, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.

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