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.
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.
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.
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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.)
Chickplease (U.S.)
Archer Daniels Midland Company (U.S.)
Grain Millers, Inc. (U.S.)
Batory Foods (U.S.)
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.
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Global Chickpea Protein Market Scope
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
Infant Nutrition.
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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.