The Chickpea Snacks Market is expected to reach at US$ 3.19 Bn in 2031

A newly published report by Coherent Market Insights reveals a sustainable growth opportunity in the chickpea snacks market. Coherent Market Insights’ analyst projected the chickpea snacks market  is expected to reach at US$ 3.19 Bn in 2031. It is expected to exhibit a CAGR of 8.1% over the forecast period 2024 -2031.

The growth of the market is driven by increasing health consciousness among consumers and rising demand for plant-based and gluten-free snacks. Chickpeas are a good source of protein, fiber, iron, folate, and other nutrients. It helps in weight management and improves heart health due to the presence of antioxidants. The health benefits of chickpea snacks are increasingly popular.

Improved supply chain and access to raw materials owing to robust farming activities are on the fuel growth production of chickpea snacks.

Key market trends include: The growing vegan population across the globe is presenting lucrative opportunities for chickpea snacks manufacturers. With increasing awareness about health and environment sustainability, consumers are switching to a vegan diet and vegan food products. This has propelled the demand for plant-based snacks made from chickpeas.

Innovation in the Product and Advancement: In the snack food industry, a number of firms are innovating in chickpea snack food products with richer flavors and better taste to add more consumers. With advancements in processing technologies, manufacturers can make chickpea snacks available in various forms of chips, crisps, dips, and nuts. Creative flavors, such as nacho, BBQ, and chili lime, are growing popularity among younger consumers for chickpea snacks.

Chickpea Snacks Market Opportunities: Roasted chickpeas are one of the most popular product types in the chickpea snacks market because they are easy to prepare and portable. Roasted chickpeas have a nutty, crunchy texture and flavor profile that appeals to many snackers. The roasted chickpea segment is anticipated to retain its leading position over the forecast period. This is owing to widespread availability across retail channels and growing popularity as a better-for-you snack option.

Chickpea chips are increasingly gaining traction as an alternative to potato chips and corn chips. While made from chickpeas, chickpea chips have a similar crispy texture and flavoring options to regular chips. They provide protein and fiber along with crunch. Chickpea chip brands are innovating with new flavors beyond basic salted such as barbecue, sour cream and onion, chili lime, wasabi ginger and more.

Key Market Takeaways: The global chickpea snacks market is anticipated to witness a CAGR of 8.1% during the forecast period 2024-2031. This is owing to the rising health consciousness among consumers and growing demand for plant-based protein snacks.

On the basis of product type, roasted chickpeas segment is expected to hold a dominant position. This is due to their ease of preparation and widespread availability.

On the basis of distribution channel, the online segment is expected to grow the fastest on account of rising e-commerce sales.

North America is expected to hold a dominant position over the forecast period. This is due to high health awareness and growing flexitarian diet trends in the region.

Competitor Insights: Key players operating in the chickpea snacks market 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.

Recent Developments: In November 2024, during a project meeting in Lleida, Spain, ChickP Protein Ltd., an Israeli food technology business that specializes in chickpea protein solutions, won the top prize for their high-protein snack, ChickP Puffs. As part of a larger EU project to promote plant-based and sustainable protein sources, 140 tasters evaluated the snack, which has 20% protein. More information in full report