The chickpea market is growing driven by the growing popularity of veganism worldwide. Its size is expected to reach US$ 12,862.5 Mn in 2022 and grow to US$ 21,763.6 Mn by 2032. Another factor driving the increased sales of chickpeas is their nutritional value, as they are an excellent source of protein, fibre, and iron.
Future Marketing Insights estimates that during the period between 2022 and 2032 the Chickpea market in the United Kingdom is expected to grow at a rapid CAGR of 5.2% and in Germany at a high CAGR of 27.3%. In the North American Region, the Chickpea market is dominated by the United States (share of 30.6%) where it is expected to have a total market capitalization of US$ 42 billion in 2022.
A lead analyst at Future Market Insights said, “chickpea is a versatile ingredient that has a wide array of applications from Boost Energy and Muscle Building products. With rising health awareness and lactose intolerance, consumers are shifting towards Chickpea owing to its organic, natural, plant-based characteristics which will assist the growth of the market segment.”
Although chickpeas can be consumed whole as part of many delicious dishes, and smashed as part of classic vegan foods such as hummus or falafel, chickpeas make an ideal ingredient for many different processed products. Chickpea flour is gluten-free and has a high protein content and can also be used to create vegan cheese and mayonnaise. In their dry form, chickpeas can also be used as a healthy snack. It’s one of the oldest foods of modern humans, as some 9500-year-old remains of chickpeas eaten by people have been found in the Middle East. Because they are also one of the earliest cultivated legumes that grow in many regions, and they are easy to store, chickpeas also contribute positively to food justice.