CHICKPEA SNACKS MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024 - 2031)
The Global Chickpea Snacks Market is estimated to be valued at USD 1.85 Bn in 2024. The market is expected to reach USD 3.19 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 8.1%
from 2024 to 2031. The global chickpea snacks market has been gaining significant traction in recent years, with the rising popularity of plant-based foods and snacks. Chickpeas are highly nutritious legumes that are high in protein, fiber, and various vitamins and minerals. They offer various health benefits such as aiding weight management, controlling blood sugar levels, and improving heart health. With growing health and wellness trends, consumers are increasingly opting for snacks that are nutritious and beneficial to the body. The chickpea snack segment caters to this demand, offering flavored or spiced roasted chickpeas and other products made from chickpeas. Manufacturers are launching innovative flavors and packaging formats to make chickpea snacks more appealing and versatile. This has driven the sales of chickpea snacks considerably.
Market Dynamics:
The global chickpea snacks market is projected to witness robust growth over the forecast period owing to several factors. Rising health consciousness among consumers and increasing preference for plant-based food products are the key drivers for market growth. As consumers seek healthier snack options, the demand for protein-rich legume snacks like chickpea snacks is growing. Changing lifestyles and busy schedules have also boosted the demand for convenient on-the-go snacks, providing opportunities for chickpea snack manufacturers. However, high production costs and availability issues with chickpeas pose challenges to market players. Efforts to expand sourcing and lower costs through economies of scale could help mitigate such restraints. Ongoing new product innovation catering to evolving tastes, such as various flavors and combinations, could further unlock new market opportunities.
Key Features of the Study:
- This report provides in-depth analysis of the global chickpea snacks market, and provides market size (USD Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global chickpea snacks market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include Biena Snacks, The Good Bean, Hippeas, Baked in Brooklyn, Calbee Inc., Chickapea, Hummus & Pita Co., Snack Nation, Saffron Road, Nature's Garden, Golda's Kitchen, Bhu Foods, Frito-Lay (PepsiCo), Terra Chips, and Crunchy Chickpeas
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global chickpea snacks market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global chickpea snacks market
Market Segmentation
Table of Contents
*Browse 32 market data tables and 28 figures on 'Global Chickpea Snacks Market' - Global forecast to 2031
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