Chickpea Production Trade and Consumption: A 360° Industry Report
Introduction
Chickpeas, also known as garbanzo beans, are a popular legume that is widely consumed around the world. They are a rich source of protein, fiber, and various nutrients, making them a staple in many cuisines. In this report, we will explore the production, trade, and consumption of chickpeas, providing a comprehensive overview of the industry.
Global Chickpea Production
Chickpeas are primarily grown in countries like India, Australia, Pakistan, Turkey, and Canada. According to the Food and Agriculture Organization (FAO), global chickpea production reached 14.9 million tonnes in 2020. India is the largest producer of chickpeas, accounting for over 70% of the world’s total production.
Chickpea Trade
The global chickpea market is highly dynamic, with trade playing a significant role in meeting the demand for chickpeas in various countries. According to the International Trade Centre (ITC), the value of global chickpea exports was approximately $2.3 billion in 2020. India, Australia, and Myanmar are among the largest exporters of chickpeas.
Chickpea Consumption
Chickpeas are a versatile ingredient that is consumed in various forms, including whole, ground into flour, or processed into products like hummus and falafel. The Middle East, India, and North Africa are some of the regions with the highest consumption of chickpeas, where they are a staple in many traditional dishes.
Key Players in the Chickpea Industry
Several companies play a significant role in the chickpea industry, from production to processing and distribution. Some of the key players in the industry include:
1. AGT Foods
2. The J.M. Smucker Company
3. The Wada Farms Marketing Group
4. Goya Foods
5. The Chickpea Company
Industry Insights
The chickpea industry is facing various challenges and opportunities. Climate change, pest infestations, and market volatility are some of the factors that can impact chickpea production and trade. However, the growing popularity of plant-based diets and the increasing awareness of the health benefits of chickpeas are driving the demand for chickpea products.
Conclusion
In conclusion, the chickpea industry is a vital part of the global food supply chain, providing nutritious and sustainable food options for consumers worldwide. As the demand for plant-based products continues to rise, the chickpea industry is poised for further growth and innovation. By understanding the production, trade, and consumption trends in the industry, stakeholders can make informed decisions to capitalize on the opportunities in the chickpea market.
