Malaysia Chickpeas Market | Trends, Analysis, COVID-19 IMPACT, Value, Forecast, Share, Companies, Size, Revenue, Industry & Growth

Malaysia Chickpeas Market Synopsis

The Malaysia market for chickpeas has been growing in recent years as the demand for plant-based proteins continues to increase. In 2019, the total volume of chickpea imports into Malaysia was estimated at around 629,000 tons, registering an 11% YoY growth compared to 2018. India is one of the main suppliers of chickpeas to Malaysia with a share of almost 55% in terms of import value. Other major sources include Myanmar (21%), Canada (6%) and Tanzania (5%).

Market Drivers of the market

The chickpeas market in Malaysia is influenced by several drivers. A significant driver is the growing awareness of the nutritional benefits of chickpeas, which are rich in protein, fiber, and essential nutrients. The market is driven by the increasing adoption of vegetarian and vegan diets, where chickpeas serve as a valuable source of plant-based protein. Additionally, the market benefits from the popularity of Middle Eastern and Mediterranean cuisines in Malaysia, where chickpeas are a staple ingredient. The demand for convenience foods and ready-to-eat products has also contributed to the market`s growth.

Challenges of the market

The chickpeas market faces challenges related to competition from alternative protein sources and consumer preferences. To overcome this, promoting the nutritional value of chickpeas and creating innovative chickpea-based products can help capture a wider consumer base. Managing price volatility due to global market dynamics and ensuring consistent quality are also vital for sustained market growth.

Covid-19 Impact on the market

The chickpeas market in Malaysia faced unique challenges during the COVID-19 pandemic. The initial surge in demand for staple foods had a positive impact on chickpeas consumption. However, disruptions in international trade and supply chains affected the availability of imported chickpeas. Local production efforts played a significant role in stabilizing the market and meeting increased demand. Businesses also explored avenues like promoting chickpeas as a nutritious and versatile ingredient for home cooking, contributing to the market`s eventual recovery.

Key Players of the market

Key players like ChickpeaHarvest Industries, NutriChickpeas Processors, and HummusCraft Ventures play a significant role in Malaysia chickpeas market. These companies specialize in supplying chickpeas, a protein-rich legume used in various cuisines and dishes. Their commitment to quality sourcing, diverse chickpea varieties, and plant-based protein options positions them as leaders in Malaysia legume market.

Key Highlights of the Report:

• Malaysia Chickpeas Market Outlook
• Market Size of Malaysia Chickpeas Market, 2023
• Forecast of Malaysia Chickpeas Market, 2030
• Historical Data and Forecast of Malaysia Chickpeas Revenues & Volume for the Period 2020-2030
• Malaysia Chickpeas Market Trend Evolution
• Malaysia Chickpeas Market Drivers and Challenges
• Malaysia Chickpeas Price Trends
• Malaysia Chickpeas Porter's Five Forces
• Malaysia Chickpeas Industry Life Cycle
• Historical Data and Forecast of Malaysia Chickpeas Market Revenues & Volume By Product Type for the Period 2020-2030
• Historical Data and Forecast of Malaysia Chickpeas Market Revenues & Volume By Desi Chickpeas for the Period 2020-2030
• Historical Data and Forecast of Malaysia Chickpeas Market Revenues & Volume By Kabuli Chickpeas for the Period 2020-2030
• Historical Data and Forecast of Malaysia Chickpeas Market Revenues & Volume By Form for the Period 2020-2030
• Historical Data and Forecast of Malaysia Chickpeas Market Revenues & Volume By Dried Chickpeas for the Period 2020-2030
• Historical Data and Forecast of Malaysia Chickpeas Market Revenues & Volume By Fresh/Green Chickpeas for the Period 2020-2030
• Historical Data and Forecast of Malaysia Chickpeas Market Revenues & Volume By Frozen Chickpeas for the Period 2020-2030
• Historical Data and Forecast of Malaysia Chickpeas Market Revenues & Volume By Preserved/Canned Chickpeas for the Period 2020-2030
• Historical Data and Forecast of Malaysia Chickpeas Market Revenues & Volume By Chickpea Flour for the Period 2020-2030
• Historical Data and Forecast of Malaysia Chickpeas Market Revenues & Volume By Application for the Period 2020-2030
• Historical Data and Forecast of Malaysia Chickpeas Market Revenues & Volume By Chickpeas for Direct Consumption for the Period 2020-2030
• Historical Data and Forecast of Malaysia Chickpeas Market Revenues & Volume By Chickpeas for Salads for the Period 2020-2030
• Historical Data and Forecast of Malaysia Chickpeas Market Revenues & Volume By Chickpea Snacks for the Period 2020-2030
• Historical Data and Forecast of Malaysia Chickpeas Market Revenues & Volume By Chickpeas for Hummus and Tahini for the Period 2020-2030
• Historical Data and Forecast of Malaysia Chickpeas Market Revenues & Volume By Chickpeas for Sweets and Desserts for the Period 2020-2030
• Historical Data and Forecast of Malaysia Chickpeas Market Revenues & Volume By Chickpeas for Other Applications for the Period 2020-2030
• Malaysia Chickpeas Import Export Trade Statistics
• Market Opportunity Assessment By Product Type
• Market Opportunity Assessment By Form
• Market Opportunity Assessment By Application
• Malaysia Chickpeas Top Companies Market Share
• Malaysia Chickpeas Competitive Benchmarking By Technical and Operational Parameters
• Malaysia Chickpeas Company Profiles
• Malaysia Chickpeas Key Strategic Recommendations