Global Chickpea Protein Market – Industry Trends and Forecast to 2030

Chickpea Protein Market Analysis and Size

The increase in inclination towards healthy nutrition among consumers is a major factor promoting the chickpea protein powder market growth during the forecast period. Individuals worldwide are drifting towards a more reliable, clean food source and contains huge dietary benefit. Furthermore, the pattern of veganism and vegetarianism has been increasing quickly in recent years because of emerging mindfulness associated with ecological protection and popularity of meat elective items.

Data Bridge Market Research analyses that the chickpea protein market value is USD 95.70 million in 2022 and is expected to reach USD 152.53 million by 2030, registering a CAGR of 6.00% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.     

Chickpea Protein Market Scope and Segmentation

Market Definition

Chickpea protein is a major source of protein derived from chickpeas, which are referrderived from chickpeas, which are recognized as a part of the legume seed family. Chickpeas possess a healthy composition of nutitions, with protein content ranging from 16 percent to 24 percent. The product also contains other essential nutrients such as calcium, deity fiber, starch and iron.

Chickpea Protein Market Dynamics

Drivers

• Increasing promotion in the production and consumption of chickpea protein

Chickpea proteins have several health benefits due to which regional government has promoted the production and consumption of chickpea protein which will be expected to drive the growth rate of the market For instance, according to the report of the European Commission, the European government announcing measures to promote the production and consumption of chickpeas, lentils, rapeseed, soybeans and related ingredients in November 2018. This move is anticipated to considerably upsurge chickpea protein production and sales in the market.

• Rising usage of chickpea protein in food industry

Chickpea protein is considerably used across food industry because prepared food and pastry kitchen industry, meat substitute, dairy choices, catch the most remarkable portion of the use of chickpea protein. With the increasing utilization of prepared food items and meat electives, the use of chickpea protein in the food industry is anticipated to drive the market's growth rate in coming years.

Opportunities

• Health benefits associated with chickpea protein

Chickpea is a plant-based protein due to, which it is a better choice for those people who are suffering from chronic cardiovascular diseases. Furthermore, consumption of chickpea protein helps in maintaining skin care and in reducing hair loss. As a result of all these health benefits increasing the adoption of chickpea in the nutraceutical which are expected to create numerous market growth opportunities. Along with this, chickpea protein is known for its vital role in blood sugar regulation, specifically among people suffering from type 2 diabetes. Thereby, chickpea playing a major role in diabetes management.

Restraints/ Challenges

• Side effect associated with chickpea protein

The chickpea protein powder has a healthy and strong nutritional value, but some side effects hinder the market's growth. Overdose of chickpea protein and chickpeas components can cause severe digestive issues and damage the digestive system. Furthermore, it also causes acidity and bloating, which will probably limit the usage of chickpea protein to some extent.

This chickpea protein market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the chickpea protein market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Global Chickpea Protein Market Scope

The chickpea protein market is segmented on the basis of product type, nature, form, processing type and end-use. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product Type

• Protein Isolates
• Protein Concentrates
• Flour
• Other Products

Nature

• Organic
• Conventional

 Form

• Solid
• Liquid

 Processing Type

• Dry Processing
• Wet Processing

 End-Use

• Food Processing
• Bakery & Confectionery
• Meat Alternatives
• Functional Foods
• Dairy Replacements
• Infant Foods
• Other Food Applications
• Animal Feed
• Livestock
• Nutraceuticals
• Sports Nutrition
• Infant Nutrition

Chickpea Protein Market Regional Analysis/Insights

The chickpea protein market is analyzed and market size insights and trends are provided by country, product type, nature, form, processing type and end-use as referenced above.

The countries covered in the chickpea protein market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).

North America dominates the chickpea protein market in terms of revenue and market share due to the presence of an extensive base of vegetarian population and people with allergies in this region.

Asia-Pacifc is expected to be the fastest developing region during the forecast period of 2023-2030 due to the increasing inclination towards plant-based substitutes in this region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Chickpea Protein Market Share Analysis

The chickpea protein market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to chickpea protein market.

Some of the major players operating in the chickpea protein market are:

• Glanbia plc. (Ireland)
• Kerry Group Plc (Ireland)
• DANONE SA (Switzerland)
• Ingredion (U.S.)
• Nutiva Inc (U.S.)
• Nutrifusion L.L.C (U.S.)
• Roquette Frères (France)
• AGT Food and Ingredients (Canada)
• A&B Ingredients, Inc. (U.S.)
• Chickplease (U.S.)
• Archer Daniels Midland Company (U.S.)
• Grain Millers, Inc. (U.S.)
• Batory Foods (U.S.)
• Blue Lake Milling (Australia)
• Grain Millers, Inc. (U.S.)
• Morning Foods Ltd (U.K.)
• General Mills, Inc. (U.S.)
• Avena Foods Limited (Canada)
• RICHARDSON INTERNATIONAL LIMITED (Canada)
• CEREALTO SIRO FOODS (Spain)
• Premier Nutrition Company, LLC (Germany)

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