Table of Contents
Historical Data, Premium Insights, Market Dynamic, Analysis and Projection, By Product, Analysis and Projection, By Application, Analysis and Projection, By End-Use, Analysis and Projection, By Regional Analysis, Competitive Landscape, Company Profiles, Market Revenue, Sale & Price Analysis
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According to a research report published by Spherical Insights & Consulting, The Global Chickpea Snacks Market Size is Estimated to Grow from USD 1873.30 Million in 2023 to USD 4264.58 Million by 2033, Growing at a CAGR of 8.57% during the forecast period 2023-2033.
Browse key industry insights spread across 215 pages with 110 Market data tables and figures & charts from the report on the Global Chickpea Snacks Market Size, Share, and COVID-19 Impact Analysis, By Product (Chickpea Chips, Roasted Chickpea, Chickpea Puffs, Roasted Chickpea, and Others), By Flavor (Sweet, Savory, Spicy, and Others), By Distribution (Supermarkets/Hypermarkets, Health Food Stores, Online Stores, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.
The market for snacks produced from chickpeas, sometimes referred to as garbanzo beans, is known as the global chickpea snacks market. Global demand for chickpea snacks is being driven by growing consumer health consciousness and knowledge of the nutritional advantages of chickpeas, such as their high protein and fiber content. These snacks are becoming increasingly popular among consumers who are health-conscious because they are thought to be a healthier substitute for typical salty snacks. Throughout the forecast period, this market is anticipated to rise steadily due to consumers' growing choice of plant-based and high-protein snacks. Furthermore, the demand will be further increased by innovation and the introduction of new products that cater to the changing tastes and preferences of millennials. However, high prices and the availability of several alternatives could somewhat limit market expansion during the projection period.
The roasted chickpea segment held the largest share of 40.28% in 2023 and is estimated to grow at a CAGR of 7.78% throughout the projection period.
Based on the product, the global chickpea snacks market is categorized into chickpea chips, roasted chickpea, chickpea puffs, roasted chickpea, and others. Among these, the roasted chickpea segment held the largest share of 40.28% in 2023 and is estimated to grow at a CAGR of 7.78% throughout the projection period. The natural sugars in chickpeas are caramelized by roasting, which gives them a toastier flavor that lasts through multiple batches. Roasted chickpeas do not require extra seasonings or coatings like some other types do, which could change between production runs and annoy brand-loyal consumers. Rather, roasting by itself produces a distinctive flavor that customers have grown to anticipate from the market.
The savory segment anticipated the largest market share of 34.26% in 2023 and is estimated to grow at a CAGR of 8.29% throughout the projection period.
Based on the flavor, the global chickpea snacks market is classified into sweet, savory, spicy, and others. Among these, the savory segment anticipated the largest market share of 34.26% in 2023 and is estimated to grow at a CAGR of 8.29% throughout the projection period. The market is driven by the fact that this flavor profile is widely known to consumers. Foods that are seasoned and salty have been a mainstay of international cuisines for ages, satisfying a wide range of palates. Consumers are drawn to savory chickpea snacks because of their association with chickpea-based foods including breads, salads, and curries.
The online stores segment accounted for the largest share of 50.09% in 2023 and is anticipated to grow at a significant CAGR during the forecast period.
Based on the distribution channel, the global chickpea snacks market is divided into supermarkets/hypermarkets, health food stores, online stores, and others. Among these, the online stores segment accounted for the largest share of 50.09% in 2023 and is anticipated to grow at a significant CAGR during the forecast period. Customers can add chickpea snacks and other comfort foods to their baskets from anywhere with just a few clicks due to online retailers, that meet this need. No matter the time of day or night, the section provides omnipresent access from PCs, phones, and tables without the inconvenience of long commutes, congested aisles, or worries about misplaced things. In addition, it offers a significantly greater range of goods for health-conscious travelers than standard supermarket shelves.
North America is expected to hold the largest share of the global fruit puree market through the forecast period.
North America is expected to hold the largest share of the global chickpea snacks market through the forecast period. Supportive government programs such as the Healthy Food Financing Initiative (HFFI), which promotes the use of plant-based proteins, are the main cause of this domination. Important regional companies such as Biena Snacks have also increased the manufacturing and sale of creative chickpea-based snacks.
Asia Pacific is predicted to grow at the fastest CAGR of the global chickpea snacks market over the forecast period. The expanding influence of Western culinary trends and consumer health consciousness are driving this quick growth. Many regional businesses have joined the market, including Happy Snack Company, and are providing goods with unique flavor profiles and a variety of packaging choices.
Company Profiling
Major key players in the global chickpea snacks market include PepsiCo, Inc., Nestlé S.A., Mondelez International, Inc., General Mills, Inc., Calbee, Inc., Campbell Soup Company, Conagra Brands, Inc., Hippeas, Aryzta AG, The Hain Celestial Group, Inc., Kraft Heinz Company, ITC Limited, Biena Snacks, Grupo Bimbo, S.A.B. de C.V., Kellogg Company, The J.M. Smucker Company, The Good Bean, Saffron Road, and others.
Recent Developments
Key Target Audience
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global chickpea snacks market based on the below-mentioned segments:
Global Chickpea Snacks Market, By Product
Global Chickpea Snacks Market, By Flavor
Global Chickpea Snacks Market, By Distribution Channel
Global Chickpea Snacks Market, By Regional Analysis
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