Some of the factors such as population growth, increasing disposable incomes, changing dietary habits, rising health awareness among the consumers and increasing consumption of chickpeas in developing countries are currently stimulating the growth of the global chickpeas market. IMARC Group estimates suggest that the market is expected to reach volumes worth 19.7 Million Tons by 2021.
A recently released report by IMARC Group titled “Chickpeas Market – Industry Trends, Manufacturing Process, Plant Setup, Machinery, Raw Materials, Cost and Revenue” provides a detailed insight into the global market for chickpeas. Commonly known as garbanzo beans, chickpeas belong to the family of Fabaceae and subfamily of Faboideae. Chickpeas serve as a popular food for a healthy diet due to their high nutritional content. They contain high levels of carbohydrates, proteins, dietary fibre, vitamins and minerals. There are broadly two different types of cultivated chickpeas- Desi and Kabuli. The Desi type is mainly cultivated in the Indian subcontinent while the Kabuli type in West Asia and the Mediterranean region. These beans provide numerous health benefits as they help to control blood sugar levels, weight management, improve digestion and minimise the risk of heart-attacks. Further, chickpeas have wide-ranging applications in taste and aroma enhancing products such as sauces, soups, dips and spreads. The report cites several factors that are currently catalysing the growth of the global chickpeas market. They include increasing population, rising disposable incomes, changing dietary habits, growing health awareness among the consumers and increasing consumption of chickpeas in developing countries. IMARC Group estimates suggest that the global chickpeas market is expected to grow at a CAGR of around 5% during 2016-2021 reaching a volume of 19.7 Million Tons by 2021.
The report has segmented the global chickpeas market according to its key regions. Currently, India represents the largest producer of chickpeas accounting for the majority of the global production. India is followed by Australia, Pakistan, Myanmar, Ethiopia, Turkey, Iran, Mexico, Canada and Russia. Among the top exporting countries, Australia represents the biggest exporter of chickpeas accounting for more than one-third of the total global export volumes. Australia is followed by Russia, India, Mexico, Canada, the United States, Ethiopia, Argentina, Tanzania and Iran.
The report provides a comprehensive analysis for setting up a chickpeas processing plant. The study covers all the requisite aspects of the chickpeas industry and provides an in-depth analysis of the chickpeas market, industry performance, processing and manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who are planning to foray into the chickpeas industry in any manner.
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