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

Philippines Chickpeas Market Synopsis

The Philippines chickpea market is relatively small compared to other countries but growing rapidly nonetheless. In 2019, total chickpea output was estimated at around 8 thousand metric tons (MT), up from 6 thousand MT in 2015/16. Local production accounts for approximately 90% of total supply while imports make up the remainder, mostly coming from Canada and India respectively. Chickpeas are widely utilized by consumers both domestically and abroad due to their high nutritional value; they are rich sources of protein, fiber iron and zinc among others nutrients which makes them ideal ingredients for various preparations including salads & soups as well as snacks & desserts among many others recipes.

Drivers of the market

The growth of the Philippines chickpeas market is influenced by several key drivers. Chickpeas are recognized for their nutritional value, offering protein, fiber, vitamins, and minerals. As consumer awareness of plant-based diets and meat alternatives increases, chickpeas serve as a valuable source of protein. Their versatility in various culinary applications, including salads, stews, and dips like hummus, contributes to their popularity. The market`s expansion is also supported by the growth of global cuisines that incorporate chickpeas in traditional and fusion dishes. Chickpeas` adaptability to different growing conditions contributes to a stable supply, and the availability of various chickpea products, such as canned, dried, and flour, enhances their market presence.

Challenges of the market

The Philippines chickpeas market encounters challenges related to consumer acceptance, production conditions, and market competition. Chickpeas, being less traditional in Filipino cuisine, may face resistance due to taste preferences and cultural habits. Market players need to emphasize the nutritional value and versatility of chickpeas to drive consumer adoption. Additionally, chickpea cultivation may require specific soil conditions and disease management strategies. Competition from other legumes and protein sources in the market can also pose challenges. Educating consumers about the benefits and culinary uses of chickpeas is essential for creating a sustainable market demand.

Covid-19 Impact of the market

The Philippines chickpeas market encountered a mix of challenges and adaptations in the wake of the COVID-19 pandemic. With disruptions in supply chains, changes in consumer behavior, and shifts in dining preferences, the demand for chickpea products faced fluctuations. The closure of restaurants, reduced foodservice operations, and the decline in group gatherings impacted the demand for chickpea-based dishes. However, the surge in home cooking, a focus on plant-based diets, and interest in healthy snacking led to increased demand for chickpeas in retail markets. The market had to pivot toward retail distribution, focusing on packaged chickpea products and emphasizing their nutritional benefits. Ensuring the supply of high-quality chickpeas posed challenges due to sourcing difficulties and transportation disruptions. The Philippines chickpeas market responded by adapting its strategies to align with changing consumer preferences, providing recipe ideas for home cooks, and highlighting the versatility of chickpeas in various culinary creations.

Key Players of the market

Prominent players in the Philippines chickpeas market are essential for supplying this protein-rich legume used in various cuisines. Companies like ChickpeaFields Growers, LegumeHarvest Farms, and NutriChickpeas Producers play a pivotal role in providing chickpeas that are valued for their nutritional content and culinary versatility.

Key Highlights of the Report:

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