Chickpea is a legume which belongs to the Fabaceae family and is also known as gram/Bengal gram, garbanzo/garbanzo bean, ceci, cece or chana/Kabuli chana. It is rich in carbohydrates and protein and is also a good source of vitamins such as riboflavin, niacin, thiamin, folate and vitamin A. During 2014-2018, the global chickpeas market grew at a CAGR of around 6% . The market is currently being driven by a high demand from the developing countries where it is valued for its nutritional benefits and is being used as a supplement of protein and energy. This report by Expert Market Research entitled “Chickpeas Market Report and Forecast 2019-2024” provides a comprehensive analysis for anyone who plans to foray into the chickpeas market.
Historical market trends for the chickpeas industry have been provided from 2014-2018 and forecasts have been presented till 2024. On a regional level, India is the largest producer of chickpeas, accounting for almost 70% of the total production for 2018. India is followed by Australia, Pakistan and Myanmar. There are two distinct types of cultivated chick peas, Desi and Kabuli. Chickpeas have significant amounts of all the essential amino acids except sulfur-containing types, which can be complemented by adding cereals to the daily diet.
The value chain analysis of chickpeas has also been covered in this report encompassing all the activities in the value chain such as procurement, manufacturing, sales and distribution. Furthermore, the study assesses the market based on Porter’s five forces model, which evaluates the level of competition in the market by analysing factors such as bargaining power of buyers and suppliers, threat from substitutes and new entrants. A thorough evaluation of the competitive landscape of the chickpeas industry has also been provided. Some of the key players in this market include AGT foods, Gourment Foods, Mt Tyson Seeds, Agrifoods Australia, etc.
This report provides an exhaustive insight for setting-up and running a chickpeas manufacturing plant. Factors such as land requirement, construction requirement, raw material requirement, labor requirement, machinery requirement, manufacturing process, utility requirement, total capital investment, total operating costs, prices, income projections, expenditure projections, profit margins, net present value, return on investment, payback period, etc. have been comprehensively covered in this report.
The following are the key questions answered by this report:
- What are the market trends for the global chickpeas market?
- Which are the biggest markets (regions) for chickpeas?
- What are the major types of chickpeas? Which are the most popular?
- Who are the key processors in the chickpeas market?
- What are the land and construction requirements to start a chickpeas processing plant?
- What are the machinery requirements to start a chickpeas processing plant?
- How are chickpeas priced? What are the profit margins at various stages of the supply chain?
- What is the total capital investment required to start a chickpeas processing plant?
- What are the running costs of a chickpeas processing plant?
- How much revenue can a chickpeas processing plant generate?
In order to prepare this research report, Expert Market Research conducted face to face and telephonic interviews with numerous industry participants in the chick peas industry. They included manufacturers, distributors, end users, consultants, marketing professionals, researchers, etc. Primary research accounted for the bulk of the research efforts, complemented by an extensive secondary research. Secondary sources included annual reports, press releases, books, journals, white papers, newspapers, magazines, government sources and various proprietary databases.
Expert Market Research uses its comprehensive database of macroeconomic and industry specific data to produce its market forecasts. The initial baseline forecast is produced with the most recent market data. After an initial baseline forecast, all future macroeconomic and sector-specific events and assumptions are taken into account to generate the final forecast.