Global Chickpea Market 2018-2022
About this market
There is an increase in the consumption of chickpeas due to various factors such as busy lifestyles and the rapidly expanding working population around the globe. These people extensively prefer ready-to-eat light snack food products and convenience foods with high nutrition content such as superfood seed-based products like chickpeas
Technavio’s analysts have predicted that the global chickpea market will register a CAGR of almost 4% by 2022.
Increasing consumption of chickpeas as a snacking item
Chickpeas are a rich source of folate, zinc, protein, and fiber. Chickpea snacks are easy to prepare at home by adding spices and easily available in the market as ready-to-eat (RTE) products. This is resulting in a high sales volume of chickpea snacks.
Uncertainty in rainfall affecting the production or crop
Chickpea production is difficult in regions that are hot or tropical areas and receive minimum rainfall. It requires cool and wet soil conditions.
For the detailed list of factors that will drive and challenge the growth of the chickpea market during 2018-2022, view our report.
The market appears to be fragmented with the presence of many companies. Factors such as the increase in the consumption of chickpeas among working population and rising consumption of chickpeas as a snacking item, will provide considerable growth opportunities to chickpea market manufacturers. AGROCROPS, Arbel, BEAN GROWERS AUSTRALIA, Indraprasth foods, JOVA GRANEROS, Mast Qalander Group, and OLEGA are some of the major companies covered in this report.
Technavio Announces the Publication of its Research Report – Global Chickpea Market 2018-2022
Technavio recognizes the following companies as the key players in the global chickpea market: AGROCROPS, Arbel, BEAN GROWERS AUSTRALIA, Indraprasth foods, JOVA GRANEROS, Mast Qalander Group, and OLEGA.
Commenting on the report, an analyst from Technavio’s team said: “One trend affecting this market is the rapidly expanding working population.”
According to the report, one driver influencing this market is the increasing consumption of chickpeas as a snacking item.
Further, the report states that one challenge affecting this market is the uncertainty in rainfall affecting the crop production.
BEAN GROWERS AUSTRALIA
Mast Qalander Group