North America ChickPeas Market

North American Chickpeas Market Growth Size, Share, Growth (2022-2027)

North American Chickpeas Market is Estimated to grow a CAGR of 31% in a given forecast period.

Overview:

It's one of the oldest and most essential sources of protein available. Chickpeas are the world's third most crucial pulse crop after dried beans and peas. As well as the increased popularity of vegan/vegetarian meat replacements, a protein-based diet has been increasingly popular in recent years. Demand from developing countries fuels the sector, where it's appreciated for its nutritional properties and is utilized as a protein-and-energy booster. Chickpeas are an inexpensive source of healthy protein for vegan and vegetarian consumers, and they are commonly eaten in the Indian sub-continent in the form of dal. They are also a key component in hummus, a famous dip made from mashed chickpeas and other popular ingredients worldwide.

Recent Developments 

1. In 2020, as the worldwide market for nutrient chickpeas grows, researchers have developed improved types which will improve nutrition sustainability, health, and environmental resistance and will replace the current outmoded forms on the market.

2. In 2020, ChickP Protein Ltd introduced a next-generation chickpea native starch for food and beverages applications. It is a byproduct of the ChickP protein process.

3. Beanitos, a manufacturer of better-for-you bean-based puffs and chips, has been purchased by The Good Bean, a manufacturer of roasted chickpea snacks.

North American Chickpeas Market Growth

Drivers 

Healthy eating awareness and lifestyle modifications are projected to fuel market growth in the coming years. Due to growing health consciousness, people are increasingly choosing protein-rich foodstuffs. Chickpeas are often used to make textured protein, a growing trend in the vegetarian meat alternative industry. The expensive cost and restricted accessibility of wealthier protein sources, such as soy, have made chickpeas a popular food ingredient. Population increase, rising expendable income, and changing dietary preferences are some of the main factors driving the market growth. A great source of protein and nutritional fiber, chickpeas also manufacture gluten-free, grain-free flour. Chickpea flour can be consumed by people who are allergic to cereal-based flour. As a result of these reasons, the Chickpea market will continue to grow over the next decade. Throughout the world, chickpeas are eaten as a snack or in salads. Consumed as "Leblebi" in Turkey, roasted chickpeas are salted and seasoned with cloves, whereas in South Asia, they are eaten as snacks and in curries. As a result, the chickpea market would be driven by the increased consumption of chickpea in various forms over the forecast period. The health benefits offered to assist in the growth of the North American chickpeas market. Increased product demand in countries such as India, Bangladesh, Pakistan, Turkey, and Nepal will drive industry trends in the coming years.

Restraints

Moderate precipitation levels might have a detrimental impact on the worldwide chickpeas market because the crop or its performance relies on efficient water availability.

North American Chickpeas Market Segmentation

The North American Chickpeas market is segmented based on type, color, and distribution channels. 

By Type

• Kabuli Chickpeas

• Desi Chickpeas

The market is divided into Kabuli chickpeas and Desi chickpeas. Desi chickpeas are estimated to be responsible for more than half of the profit share. Desi chickpeas comprise higher fiber content than Kabuli chickpeas, which have tiny, darker seeds and a rough covering and are primarily grown in Australia, the Indian subcontinent, Iran, Mexico, and Ethiopia. Meanwhile, Kabuli chickpeas are expected to increase substantially throughout the projected timeline.

By Colour

• Yellow

• Brown

• Green

• Red

The market is categorized into yellow, brown, green, and red. Brown chickpeas used in confectionery goods made a significant contribution to the largest market share. These legumes are high in folate, magnesium, and other minerals, which help to prevent plaque build-up in the arteries and blood clots. The growth of the Chickpea Market is being attributed to the increasing investment by prominent stakeholders in developing quality brown chickpeas.

By Distribution Channel

• Distributors

• Suppliers

• Online Retailers

• Offline Retailers

The market is categorized into suppliers, distributors, offline retailers, and online retailers.  Marketers must take advantage of the fact that consumers are increasingly reliant on online platforms to grow their businesses. For this, the major players in the market create an online distribution channel where customers can place orders based on their preferences or a list of available options. In addition to saving time, this allows consumers to order at their convenience and facilitates deliveries. The offline stores include supermarkets, hypermarkets, department stores, and grocery stores, among others. This is because chickpeas are widely available on different distribution platforms, which can meet the growing demand of a large population.

Regional Analysis

• U.S

• Canada

• Rest of North America

North American Chick Peas market is categorized into the United States, Mexico, and Canada. The United States dominates the North American market, making North America the third-largest chickpeas industry. Chickpeas are grown predominantly in the northwest part of the United States. The amount of chickpeas in Montana has climbed considerably in the past five years, making it the highest producer of chickpeas. Since chickpeas have a high nutritional value, which will help to drive the Chickpeas Market over the forecast period. So, between 2001-2016, the area in the United States expanded from 134,000 to 320,000 acres. Kabul chickpeas continue to account for a large portion of American chickpea acreage in the United States. Numerous health benefits of chickpeas and the expanding production are attributed to the growth of the market.

Impact of COVID-19 on North America Chickpea Market

It is predicted that the chickpea protein market will grow healthy throughout the forecast period due to the economic recovery in most developing countries. Still, there is an unwelcoming projection due to the unpredictability of the third wave. The Chickpea Protein supply chain was interrupted in 2020 by global lockdowns and continued restrictions in 2021. Customer preferences are changing, and intense competition is putting pressure on vendors' profit margins. The export-import trade of agricultural commodities such as pulses, legumes, and cereals has been restricted in many countries, which has resulted in a decline in the supply of raw materials to produce chickpea protein. Destabilized value chains and supply chains of chickpeas components are also causing an imbalance with consumers and suppliers for chickpea protein ingredients around the globe.

North American Chickpeas Market Key Players

Major Players in the North America Chickpeas Market 

1. Wimmera Grain Company

2. Urunleri Sanayi Ic 

3. Ve Dis Ticaret Ltd 

4. Sti, Bean Growers

5. Isik Tarim

6. Arbel S.A.

7. JOVA Graneros S.A. de C.V.

8. Mast Qalander Group of Companies

9. Indraprasth foods Ltd.

10. R Young Seeds Inc.

11. OLEGA S.A.