Chickpea-Based Products Market 2028 By Product Type, Distribution Channel and Geography | The Insight Partners

MARKET OVERVIEW

The chickpea, often known as chick pea, is a legume belonging to the Fabaceae family, subfamily Faboideae. The plant is cultivated for its nutrient-dense seeds. It has a high protein and fibre content in its seeds. Gram, Bengal gramme, garbanzo, garbanzo bean, and Egyptian pea are some of the other names for chickpeas. Chickpeas are quickly becoming one of the most popular foods on the planet. People are looking for a healthy substitute for chips, and this plant-based protein snack fits the criteria. Chickpea-based products generally include hummus & dips, pasta, puffs, and snacks, among others

MARKET SCOPE

The "Global Chickpea-Based Products Market Analysis to 2028" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the chickpea-based products market with detailed market segmentation by product type, distribution channel, and geography. The report provides key statistics on the market status of the leading chickpea-based products market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•   On the basis of product type, the market is segmented into hummus & dips, pasta, puffs, and others
  
•   On the basis of distribution channel, the market is segmented into supermarkets and hypermarkets, convenience stores, online retail, and others.
  

MARKET DYNAMICS
Drivers:

•   The market for chickpea-based products has grown significantly as a result of factors such as rising chickpea intake as a snack and rising use of chickpea flour in baked goods.
  
•   Moreover, increasing health-consciousness amongst the people and growing demand for healthier food items are some of the factors propelling the market expansion.
  
•   Furthermore, a considerable movement in consumer preferences toward convenience in both developed and developing countries creates enormous market prospects for the market's major competitors.
  

Restraints:

•   The overall growth of the chickpea-based product market is expected to be hampered by fluctuations in chickpea availability and production.
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The chickpea-based products market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the chickpea-based products market in these regions.

IMPACT OF COVID-19 ON CHICKPEA-BASED PRODUCTS MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products.

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MARKET PLAYERS

The report covers key developments in the chickpea-based products market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from chickpea-based products market are anticipated to lucrative growth opportunities in the future with the rising demand for chickpea-based products in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the chickpea-based products market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   Banza
  
•   Barilla
  
•   Chickapea Pasta
  
•   Explore Cuisine
  
•   Marlow Foods Ltd
  
•   Olo Organic
  
•   Pasta Lensi
  
•   Saffron Road
  
•   THREE FARMERS
  
•   Tolerant
  
•   Green Pack Snacks, Inc.
  
•   Lilly's Foods
  
•   SABRA DIPPING CO., LLC
  
•   Hope Foods, LLC.
  
•   Hummus Goodness
  
•   Boar's Head Brand
  
•   Lantana Foods
  
•   Strauss Group
  
•   Tribe Hummus
  
•   Cedar's Mediterranean Foods, Inc.
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

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