Chickpeas Market Size

Chickpeas Market Size

Chickpeas Market size was valued at USD 14.91 billion in 2023 and is estimated to witness 7.4% CAGR from 2024 to 2032. Chickpeas, also known as garbanzo beans, are a significant component of various cuisines worldwide and are recognized for their nutritional value, including being a rich source of protein, fiber, vitamins, and minerals.

The chickpeas market has been primarily driven by the increasing consumer preference for plant-based protein sources and the growing awareness of the health benefits associated with chickpeas consumption. Moreover, the rising demand for gluten-free and non-GMO food products has further amplified the market growth, as chickpeas are naturally gluten-free and non-genetically modified.
 

Chickpea crops are vulnerable to climatic fluctuations and environmental stress. Unpredictable weather patterns, including droughts, excessive rainfall, and temperature extremes, can lead to reduced yields and poor crop quality, affecting the overall supply chain. Furthermore, the susceptibility of chickpeas to pests and diseases adds another layer of complexity, necessitating the use of pesticides and other chemical interventions that can raise production costs and pose potential environmental risks. Price volatility is another critical challenge, as market prices can fluctuate rapidly due to changes in supply and demand, geopolitical factors, and global trade policies. Such volatility can impact the profitability of both farmers and traders, leading to economic uncertainties within the chickpeas market.