Chickpea Protein Ingredients Market Regional Analysis and Growth Forecast to 2027

Posted April 1, 2021 by Vaibhavwamrfr2021

MarketResearchFuture Presents “Chickpea Protein Ingredients Market Research Report –Global Forecast to 2027” New Document to its Studies Database

Market Highlights

The Global Chickpea Protein Ingredients industry has witnessed continued growth over the last few years. It is projected to reach USD 737.8 Million by 2025, expanding at a CAGR of 11.2%. Chickpea protein ingredients are available in various forms such as concentrates, isolates, and flour. The availability of alternative plant protein ingredients, such as soy, pea, and legumes, is emerging as a potential challenge for the market players. Soy protein is a widely accepted and used plant protein in various application industries. Peas protein has also gained popularity in recent years, especially in snacks and infant nutrition products. Moreover, soy and pea protein are key components of dietary supplements. These proteins are easy to extract, widely available, and less expensive than chickpea protein, thereby posing challenges to chickpea protein ingredient manufacturers.

North America constituted the largest share of the chickpea protein ingredients market in 2018. The regional market is expected to maintain its dominance during the forecast period of 2019 to 2025. The US is expected to be a significant country-level market for chickpea protein ingredients in North America. The market in Asia-Pacific is expected to register the highest CAGR during the forecast period due to the large-scale production of chickpea in the region and rising health concerns among the regional populace.

Competitive Analysis:

Market Research Future recognizes 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) as the Key Players active in the global chickpea protein ingredients market.

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Segmental Analysis

The global chickpea protein ingredients market has been segmented on the basis of type, category, form, application, and region.

Based on type, the global market has been divided into concentrates, isolates, and flour. In terms of revenue, the isolates segment dominated the global chickpea protein ingredients market in 2018. However, the concentrates segment is projected to register the highest CAGR of 11.7% during the forecast period. Plant protein concentrates comprise protein content in the range of 70%–90% along with fiber and starch. Chickpea protein concentrates are widely used in food products and animal feed. These concentrates find application in personal care products.

By category, the market has been bifurcated into organic and conventional. The conventional segment garnered a larger share of the global chickpea protein ingredients market in 2018. However, the demand for organic-certified chickpea protein ingredients is increasing in various application industries, especially food & beverages, which is influencing cultivators to switch from conventional farming to organic farming. Moreover, the current suppliers of organic chickpea protein ingredients are increasing production to cater to the surging demand for organic chickpea protein ingredients, which is projected to boost the growth of the organic segment.

Regional Analysis

Geographically, the global chickpea protein ingredients market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world. As per MRFR analysis, North America dominated the market, accounting for the largest market share of nearly 36% in 2018.

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.
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Categories Food
Tags chickpea protein ingredients market
Last Updated April 1, 2021