About Chickpea Protein
Chickpeas also referred to as garbanzo beans, are a part of the family Leguminosae. Their nutty style and granular texture pair well with many alternative foods and ingredients. As a rich supply of vitamins, minerals, and fiber, chickpeas could provide a spread of health edges, like rising digestion, aiding weight management, and reducing the danger of many diseases. In addition, chickpeas are high in protein and build a wonderful replacement for meat in vegetarian and vegan diets.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The global market for Chickpea protein is fragmented by key players owing to the rising demand for organic plant-based protein sources and healthy lifestyle choices by consumers. Emerging Players should deploy investments toward R&D in order to discover more about chickpea benefits and applications. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Chickpea Protein market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Archer Daniels Midland Company (United States), Nutriati, Inc. (United States), Batory Foods (United States), ChickP (Israel), InnovoPro Ltd (Israel), Cambridge Commodities Limited (UK), AGT Food and Ingredients Inc. (Canada), Ingredion Incorporated (United States), Chickplease (United States) and Nutraonly (China) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Nutritions Inc. (China) and PLT Health Solutions (United States).
Segmentation Overview
AMA Research has segmented the market of Global Chickpea Protein market by , Application (Food and Beverages, Animal Feeding and Others) and Region.
On the basis of geography, the market of Chickpea Protein has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Form, the sub-segment i.e. Liquid (Smoothie) will boost the Chickpea Protein market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sales Channel, the sub-segment i.e. Online will boost the Chickpea Protein market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Demand for Purely Plant-based Organic Protein and Clean Label Products
Market Growth Drivers:
Changing Lifestyle Choices And Inclination Towards Healthy Food Choices Is Driving The Market, Rising Concerns Towards Animal Welfare, Human Health Causing Vegan Lifestyle Adoption and Inexpensive Addition to Basic Diet
Challenges:
Availability of Substitutes in Market and Excessive Consumption Can Lead To Excess Fat Addition
Restraints:
Region-Specific Farming and Cultivation of Chickpea Is Creating a World-Wide Demand and Supply Gap
Opportunities:
Lactose Intolerance Can Cause A Huge Shift towards Organic Products Adoption Is Rising Market Opportunity
Market Leaders and their expansionary development strategies
In 2020, Batory Foods, a national sales supplier of commodity and specialty food ingredients, and Bio Harvest Sciences INC., a developer of proprietary and patent-protected Bio farming technology, signed an associate exclusive performance-based agreement. Batory Foods’ decided to collaborate with BHSC, which owns Bio farming technology and a portfolio of products.
In September 2022, Ingredion Inc. announced its equity stake in InnovoPro, a chickpea ingredient developer.
In the United States, the Food and Drug Administration (FDA) is responsible for regulating food safety and labeling. Chickpea Protein falls under the category of food ingredients and would be subject to FDA regulations.
Key Target Audience
Chickpea Protein Manufacturer, Distributors/Providers/Traders, Research Institutes and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.