Chickpea - Procurement Best Practices & Sourcing Strategies

Procurement Market Intelligence Report

Chickpea – Procurement Best Practices & Sourcing Strategies

Chickpea Market – Category Definition, Cost Structure Analysis, Price Forecast, Cost Saving Opportunities, Negotiation Levers, LCCS Analysis, Supply–Demand Trends, Global Trade Dynamics, Global Imports and Export, Procurement-Centric Five Forces Analysis, Key Suppliers, Shortlisting Criteria for Recommendation, Market Share, RFP Builder, Innovation Updates, Technology Updates, Sustainability Initiatives, Regulatory Updates

1. Category Definition
1.1. Key Attributes
1.2. Definition of Attributes & Elements
2. Cost Structure Analysis
2.1. Key Cost Components
2.2. Cost Contribution
2.3. Regional Analysis
3. Price Forecast
3.1. Key Levers
3.2. Future Trend
3.3. Impact on Buyer
4. Cost Saving Opportunities
4.1. Key Destinations
4.2. Factor Analysis
4.3. Overall Impact Analysis
5. Negotiation Levers
5.1. Demand Trends
5.2. Supply Conditions
5.3. Capacity Updates
5.4. Operating Rate
5.5. Impact Analysis
6. LCCS Analysis
6.1. Trade Dynamics – Global
6.2. Trade Dynamics – Regional
7. Supply–Demand Trends
7.1. Company Profiles
7.2. Capability Information
8. Global Trade Dynamics
8.1. Key Attributes
8.2. Definition of Attributes & Elements
9. Global Imports and Export
9.1. Key Cost Components
9.2. Cost Contribution
9.3. Regional Analysis
10. Procurement-Centric Five Forces Analysis
10.1. Key Levers
10.2. Benefits
10.3. Enablers
10.4. Factor Analysis
11. Key Suppliers
11.1. Key Destinations
11.2. Factor Analysis
11.3. Overall Impact Analysis
12. Shortlisting Criteria for Recommendation
12.1. Demand Trends
12.2. Supply Conditions
12.3. Capacity Updates
12.4. Operating Rate
12.5. Impact Analysis
13. Market Share
13.1. Trade Dynamics – Global
13.2. Trade Dynamics – Regional
14. RFP Builder
14.1. Company Profiles
14.2. Capability Information
15. Innovation Updates
15.1. Key Attributes
15.2. Definition of Attributes & Elements
16. Technology Updates
16.1. Key Cost Components
16.2. Cost Contribution
16.3. Regional Analysis
17. Sustainability Initiatives
17.1. Key Levers
17.2. Future Trend
17.3. Impact on Buyer
18. Regulatory Updates
18.1. Key Levers
18.2. Benefits
18.3. Enablers
18.4. Factor Analysis

FAQs Related to the Chickpea Market:

  1. Which chickpea segment dominates the global market?

Kabuli chickpea is the most used segment in the global market which is expected to dominate and hold 19.60% market stakes.

 

  1. What valuation is forecasted for the global chickpea market?

The global chickpea market is anticipated to develop and obtain a US$ 15,519.9 million value by 2033.

 

  1. What factor drives growth in the chickpeas market?

The increasing popularity of chickpeas among people who are concerned about their health due to their high protein content dries growth in the chickpeas market.

 

DESCRIPTION

Chickpea Market Global Size:

Worldwide chickpeas are renowned as dietary proteins which are primarily consumed by vegetarian and vegan buyers in the form of lentils in Indian provinces. Also, these grains serve as the main component of hummus, a widely consumed dip made from crushed chickpeas and other ingredients. Thus, higher demands for protein-rich food products caused a flourishing global chickpea market size of 20.5 million tons in 2023. Further, ELINT Market Research’s comprehensive procurement intelligence report envisioned 31.7 million tons worth by 2032 at a CAGR of 4.76%.

 

Moreover, the report states that whenever it comes to suitable vegetarian alternatives to meat products, chickpeas emerged as a preferable source of protein due to their nutritional benefits and affordability. Compared to other protein sources like soybeans, chickpeas are low-cost substitutes. Additionally, increasing financial resources, shifting dietary habits, and population increase are some of the key reasons driving market expansion.

 

Furthermore, multiple developed countries are progressively producing and consuming chickpeas as snacks. These dominated nations include Australia, Russia, Turkey, Canada, and Mexico. Significant importer nations in the chickpeas industry are Asia and South America while Oceania, Asia, and North America are the biggest exporters of this commodity. Earlier, Asian domains such as Pakistan and Bangladesh have been key importers of chickpeas to fulfill their domestic demand. Additionally, the report reveals notable export dynamics for chickpea goods. In this sense, Tobago, Burkina Faso, Bangladesh, India, Pakistan, Australia, Russia, Canada, Mexico, and Turkey are particular export provinces.

Market Definition:

Chickpeas are mainly consumed as legumes which are available in two famous types such as desi and kabuli. Desi chickpeas are cultivated in Indian regions while kabuli are manufactured in West Asia and the Mediterranean areas. Chickpeas contain multiple healthy nutrients like proteins, carbohydrates, minerals, dietary fiber, vitamins, and more, which make them a suitable choice for health-conscious consumers. Hence, chickpeas help maintain blood sugar, improve muscle strength, achieve weight loss, grow immunity, and prevent the threat of diverse chronic conditions like diabetes and heart attack.

Chickpea Market Drivers:

  1. Increasing Demands for Ready to Eat Foods –

Today’s busy lifestyle of people demands packaged and ready-to-eat foods which drives growth in the global chickpea market. Chickpeas contain high nutrients, antioxidants, and health benefits. Thus, consumers can enhance the blood regulation digestion processes. Consequently, chickpeas as a snack product are becoming more and more prevalent, and this combined with the increase in product consumption among working people will present the business with profitable growth prospects.

 

  1. Gluten Free Flour Needs –

Chickpeas are a great ingredient to build gluten-free flour that provides protein and dietary fibers. These factors also contribute to the major development of the chickpeas market. Also, individuals who are grain-based flour intolerant can consume chickpea-rich flour.

Chickpea Market Challenges:

  1. Weather Conditions –

Insufficient rainfall conditions can pose challenges for farmers to produce chickpeas crops since they need sufficient water supply during the whole yielding cycle. Hence, in case of insufficient rainfall conditions can impact plant growth and lower chickpeas production. Also, constant shifts in climate patterns can affect crops like droughts. Hence, manufacturing firms are required to execute rainwater harvesting and drought-preventive methods to ensure optimal chickpea cultivation.

 

  1. Threat of Pests –

Different pests that farmers use to protect chickpea crops from insects can also damage crops and even develop new diseases. Thus, farmers can face yield losses and reduced quality of chickpeas. Further, farmers are required to regularly check crops. Also, they can conduct proactive pest management methods and chemical control methods which help achieve the right quantity and quality of chickpeas.

Chickpea Market Opportunities:

  1. Presence of Household Domain –

Household goods and retail industries are constantly emerging in the chickpea market as chickpeas work as the main component in diverse dishes and culinary applications. Additionally, chickpeas are gaining popularity because they are an excellent source of dietary fiber, protein, and vital nutrients. Therefore they are a well-liked choice for customers searching for vegetarian protein alternatives who are worried about their physical well-being.

 

  1. Needs of Plant Based Food Options –

Rising environmental concerns encourage the worldwide population to consume wholesome and plant-based food options that created acceptance of chickpeas which operates as a key element in various cuisines. Therefore, the study revealed a positive view for the chickpea procurement market beyond 2033 due to reasons like shifting dietary patterns and a shift away from animal products, which will solidify chickpeas’ place in the global food industry.

Chickpea Market Segmentation:

  1. Various Forms of Chickpeas –

Major forms of chickpeas include dried, fresh, canned, frozen, etc. fulfill diverse consumers’ choices. Dried chickpeas are mostly used in multiple countries. Also, fresh chickpeas are available depending on the season and help clients consume fresh chickpeas. Further, canned chickpeas come with a longer shelf life and help manufacture ready-to-eat foods, salads, and dips. Lastly, frozen chickpeas can be stored for extended periods and offer nutritional advantages. Additionally, chickpea flour, sprouts, and snacks are a few other forms of chickpea goods.

 

  1. Types of Chickpeas –

Chickpeas have multiple types, among which most proffered are kabuli, Indian, desi, garbanzo beans, and more. Kabuli chickpeas are available in big sizes in the market which mostly used in salads, snacks, and culinary dishes. Also, Indian chickpeas are famous as chana dal comes in smaller sizes and mostly helps to make curries dals, and snacks.

Major Suppliers in the Chickpea Market:

Considering the presence of numerous competitors, the global chickpea market is predicted to be fragmented and highly competitive. Some key suppliers include ADM​, Olam​, Glencore​, Agrocorp​, and ETG​.

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