The report published on global Chickpeas Market is an extensive analysis of the market with a panoramic overview of the industry with regards to market size, market share, revenue growth, opportunities, drivers, restraints. The Chickpeas Market offers precise market scenario crucial real-time information about the developments and advancements in the market to help readers, stakeholders, and investors capitalize on the emerging opportunities. In addition, regional analysis and competitive landscape are covered in the report to offer clear picture of the market growth. Development policies and plans along with manufacturing processes and costs structures are covered in the report.
Chickpeas production volume in India accounted for over 11 million metric tons in 2020. Turkey is in the second position with 630,000 metric tons of chickpeas production. In 2020, about 15 million metric tons of chickpeas were produced globally, thus, increase in production of chickpeas in developing countries is expected to drive revenue growth of the market. Besides, rising demand for chickpeas in developed countries is leading to an increase in chickpea production in countries such as the U.S. Around 3295,00 pounds of chickpeas were produced in the U.S. on about 210,000 acres, yielding an average of nearly 1,570 pounds per acre in 2020. Hence, rising production rates in such countries will support market growth in the future.
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Major Companies:
Archer Daniels Midland Company, Batory Foods, Inc., Nutraiti, Inc., Agrinnovation Ltd. (ChickP), AGT Food and Ingredients, Inc., Ingredion Incorporated, Chickplease, LLC., Nutraonly (Xi’an) Nutritions, Inc., InnovoPro, Ltd., and Cambridge Commodities Limited.
The COVID-19 impact Analysis: The growing COVID-19 pandemic has led to the weakening demand for coatings in electronics, automotive, construction, and white goods. The market has the capacity to bounce back, but it completely depends on the duration of the lockdown, and also the impact of the virus on the economy. Even though the overall demand of the market is falling, the demand for Chickpeas is expected to rise in the coming years.
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Type Outlook:
- Concentrates
- Isolates
- Flour
Application Outlook:
- Foods & Beverages
- Bakery & Confectionary
- Sports & Energy Nutrition
- Animal Feed
- Others
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Key Regional Markets Covered in the Report:
North America (U.S.A., Canada, Mexico)
Europe (Italy, U.K., Germany, France, Rest of Europe)
Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
Significant Features that are under Offering and Key Highlights of the Reports:
– Detailed overview of the Chickpeas Market
– Changes in industry market dynamics
– Detailed market segmentation by type, application, etc.
– Historical, current and projected market size in terms of quantity and value
– Recent industry trends and developments
– Competition situation of Chickpeas Market
– Key companies and product strategies
– Potential niche segment/region showing promising growth.
Finally, the Chickpeas Market Report is the authoritative source for market research that can dramatically accelerate your business. The report shows economic conditions such as major locales, item values, profits, limits, generation, supply, requirements, market development rates, and numbers.
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