Chickpea Protein Market Size, Share, Trends, Global Demand, Growth and Opportunity Analysis

The rise of plant-based diets and health-conscious eating has led to a surge in interest in alternative protein sources. Among these, chickpea protein has emerged as a prominent player in the market. This plant-based protein, derived from chickpeas, offers a host of benefits that appeal to a diverse consumer base. This post delves into the chickpea protein market, examining its size, share, demand, trends, and growth prospects.

Introduction

Chickpea protein is gaining traction as a key ingredient in the plant-based food industry. Derived from chickpeas, also known as garbanzo beans, this protein source is celebrated for its high nutritional value and versatility. It provides an excellent alternative for those seeking to reduce animal protein consumption without compromising on quality. The chickpea protein market reflects broader shifts towards sustainable and health-oriented food choices.

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Market Size

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.

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)

Market Share

Chickpea protein holds a significant share in the broader plant-based protein market. It competes with other plant proteins such as soy, pea, and hemp, but its unique properties set it apart. The market share of chickpea protein is bolstered by its nutritional profile, which includes high levels of essential amino acids, fiber, and minerals. This makes it a preferred choice for many consumers and manufacturers looking to diversify their product offerings. Additionally, the market share is influenced by the rise of plant-based and vegetarian diets, which continue to drive demand for alternative protein sources.

Market Demand

The demand for chickpea protein is being driven by several factors. Health-conscious consumers are increasingly seeking plant-based proteins that offer similar or superior benefits compared to traditional animal proteins. Chickpea protein is particularly appealing due to its high digestibility and hypoallergenic properties. It is also a preferred choice for individuals with lactose intolerance or allergies to other common protein sources. Furthermore, the rise of veganism and vegetarianism is fueling demand for diverse plant-based protein options, with chickpea protein emerging as a top contender.

Market Trends

Several key trends are shaping the chickpea protein market. One major trend is the increased focus on clean-label and natural ingredients. Consumers are becoming more aware of the origins and quality of the ingredients in their food. Chickpea protein, being a natural and minimally processed ingredient, aligns well with this trend. Additionally, innovation in food technology is leading to the development of new products that incorporate chickpea protein, such as protein bars, beverages, and meat substitutes. These innovations are expanding the market reach and attracting a broader audience.

Another trend is the growing popularity of multifunctional ingredients. Chickpea protein is not only valued for its protein content but also for its ability to improve the texture and nutritional profile of various food products. This versatility makes it a desirable ingredient for manufacturers looking to enhance their product formulations.

Market Growth

The growth of the chickpea protein market is underpinned by several factors. The increasing awareness of plant-based diets and their health benefits has led to a surge in demand. As more consumers adopt vegetarian or vegan lifestyles, the need for alternative protein sources has grown. Chickpea protein's ability to meet these needs while offering additional health benefits contributes to its market growth.

Moreover, advancements in agricultural practices and processing technologies are making chickpea protein more accessible and cost-effective. Improved farming techniques and processing methods are enhancing the efficiency and yield of chickpea cultivation, thereby supporting market growth. Additionally, the expansion of distribution channels, including online retail and specialized health food stores, is increasing the availability of chickpea protein products.

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