In recent years, the global food industry has undergone a significant transformation, with consumers increasingly demanding healthier, plant-based alternatives. Chickpea protein ingredients have emerged as a nutritional powerhouse, offering a sustainable and versatile source of plant-based protein. This blog explores the Chickpea Protein Ingredients Market, delving into its insights, overview, competitive landscape, segmentation, regional analysis, industry news, applications, and future outlook.
The Chickpea Protein Ingredients market insight is projected to grow from USD 0.667 Billion in 2023 to USD 1.55 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 11.20% during the forecast period (2023 – 2032)
Market Overview
Chickpea protein ingredients are derived from chickpeas, a legume widely consumed around the world. Chickpeas are not only delicious but also nutrient-rich, making them a prime candidate for protein extraction. Chickpea protein has gained traction among health-conscious consumers, vegans, and vegetarians due to its impressive nutritional profile. These ingredients are gluten-free, non-GMO, and offer a well-rounded amino acid profile, making them a valuable addition to various food products.
Competitive Breakdown
The Chickpea Protein Ingredients Market is witnessing fierce competition as numerous players enter the space. Some key companies operating in this market include Nutriati, Inc., Ingredion Incorporated, AGT Food and Ingredients, Parabel USA Inc., and InnovoPro Ltd. These companies are investing in research and development to enhance the quality and functionality of chickpea protein ingredients, driving innovation and market growth.
Segmentation
The market can be segmented based on various factors, including type, application, and end-user.
By Type:
Chickpea Protein Concentrate
Chickpea Protein Isolate
Chickpea Protein Flour
By Application:
Food & Beverages
Dietary Supplements
Animal Feed
Others
By End-User:
Retail
Food Processing
HoReCa (Hotels, Restaurants, and Cafes)
Request for free sample copy: https://www.marketresearchfuture.com/sample_request/6484
Regional Analysis
The Chickpea Protein Ingredients Market is not confined to a specific region but has a global presence. However, regions with high chickpea production, such as India, Pakistan, and the Middle East, play a pivotal role in the market. North America and Europe are also significant markets due to the growing trend of plant-based diets. The Asia-Pacific region is expected to witness substantial growth as awareness of plant-based proteins continues to rise.
Industry News
Recent developments in the Chickpea Protein Ingredients Market include partnerships between food companies and chickpea protein ingredient suppliers. For instance, a major food manufacturer might collaborate with a chickpea protein supplier to create plant-based meat alternatives or dairy-free products. These partnerships are helping to expand the application of chickpea protein ingredients and drive market growth.
Applications
Chickpea protein ingredients find applications across various industries:
Food & Beverages: Chickpea protein is used in the production of plant-based meat alternatives, dairy-free products, snacks, and baked goods, offering consumers a healthy and sustainable protein source.
Dietary Supplements: Chickpea protein supplements are popular among athletes and fitness enthusiasts for muscle recovery and overall wellness.
Animal Feed: Chickpea protein is utilized in animal feed formulations, particularly for poultry and aquaculture, as it provides an environmentally friendly protein source.
Outlook
The future of the Chickpea Protein Ingredients Market outlook looks promising. Consumer preferences for plant-based proteins, coupled with the sustainability and nutritional benefits of chickpea protein, are expected to drive continued growth. As research and development efforts yield improved chickpea protein ingredients, their versatility and functionality will expand, further propelling this market forward. Additionally, regulatory support for sustainable food production and the adoption of plant-based diets will contribute to the market’s bright prospects.
Key Players:
Archer Daniels Midland Company (US), Nutriati Inc. (US), Batory Foods (US), ChickP (Israel), InnovoPro Ltd (Israel), Cambridge Commodities Limited (UK), AGT Food and Ingredients Inc. (Canada), Ingredion Incorporated (US), Chickplease (US), and Nutraonly (Xi’an) Nutritions Inc. (China)
Related Reports:
Rum Market Research Report Information by Type (White and Dark), Category (Standard and Overproof), Distribution Channel (Hypermarkets and Supermarkets, Specialty Stores and others) and Region (North America, Europe, Asia-Pacific and Rest of the World) – Forecast till 2030
Plant-Based Snacks Market Research Report Information By Product Type (Meat Alternative Snacks, Cereal/Grain-Based Snacks, fruit & Nut Snacks, Plant-Based Snack Bars And Others), By Category (Conventional, Organic, And Others) By Distribution Channel (Store-Based, Non-Store-Based), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) –Market Forecast Till 2030
NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.
Contact us:
Market Research Future (part of Wantstats Research and Media Private Limited),
99 Hudson Street,5Th Floor, New York, New York 10013, United States of America
PH no.: +1 646 845 9312
Email: [email protected]