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International News: Global Chickpeas Market Price: Share, Size, Trends and Forecast till 2023 #18313
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News Article:
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.

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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. A new research report by IMARC Group, ti tled “Chickpeas Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, estimates that the global chickpeas market reached a volume of more than 12 Million Tons in 2017. The report further anticipates the market to reach approximately 13 Million Tons by 2023, at a projected CAGR exceeding 1% over the forecast period.

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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.

Regional Insights:

On a geographical front, India represents the biggest producer of chickpeas accounting for the majority of the global production. It is followed by Australia, Pakistan, Myanmar and Ethiopia. The report has also covered the import and export trends, where Australia enjoys a leading position as an exporter in the market, followed by Russia, India, Mexico, Canada, the United States, Ethiopia, Argentina, Tanzania and Iran. On the other hand, India is the largest importer of chickpeas, followed by Bangladesh, Egypt, the United States, Algeria, Pakistan, Spain, United Kingdom and Turkey.

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