Market Size of Chickpea Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 9.44 Billion |
| Market Size (2029) | USD 11.02 Billion |
| CAGR (2024 - 2029) | 3.15 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia-Pacific |
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Chickpea Market Analysis
The Chickpea Market size is estimated at USD 9.44 billion in 2024, and is expected to reach USD 11.02 billion by 2029, growing at a CAGR of 3.15% during the forecast period (2024-2029).
- Chickpea (Cicer arietinum) is one of the major pulses cultivated and consumed worldwide. It is one of the oldest and most important sources of protein. After dry beans and peas, chickpea is the third most important pulse crop grown in the world. Chickpea accounts for 20% of global pulse production.
- According to the FAO, in 2021, India, Pakistan, Australia, Turkey, and Myanmar had the highest area harvested land for chickpeas, accounting for 10,943.6 thousand ha, 882.7 thousand ha, 606.3 thousand ha, 481.6 thousand ha, and 439.8 thousand ha, respectively.
- Increasing consumption of chickpeas as snacks in developed countries is expected to boost the market during the forecast period. The Asia-Pacific region is projected to register the highest growth rate during the forecast period as India is the largest producer and consumer of chickpeas, accounting for approximately 8 million metric ton of production annually, which is 70% of global chickpea production.
- The import of chickpeas has increased significantly, along with production. Suppliers have profited from increased demand through production and price development. Chickpeas are becoming more regular and convenient in ready-to-eat meals, salads, and snacks. The growing popularity of these products provides opportunities for more imports and product differentiation, driving the overall chickpea market.
