Chickpea Protein Ingredients Market Scope
Chickpea protein, often referred to as chickpea flour, is made from dried and ground chickpeas (Cicer arietinum). Chickpeas, a legumes are the main ingredients and sources of protein in chickpea protein. They are rich in protein, fiber, and various nutrients. It contain approximately 16-24% protein, as well as starch, dietary fiber, iron, calcium, and additional minerals. The chickpea protein ingredients market has witnessed significant growth due to growing consumer preference for plant-based protein options and a heightened awareness of the health advantages associated with chickpeas.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | 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), Nutraonly (Xi'an) and Nutritions Inc. (China) |
CAGR | % |
Companies are investing in research and development to improve the taste, texture, and nutritional profile of chickpea protein products. Apart from this, collaborating with food manufacturers, research institutions, and universities to advance chickpea protein technology and develop new applications partnerships helps firms maintain their competitive edge.
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), Nutraonly (Xi'an) and Nutritions Inc. (China) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Chickpea Protein Ingredients market by Type , by Application (Food and Beverages, Nutraceuticals, Animal Feed and Others) and Region with country level break-up.
On the basis of geography, the market of Chickpea Protein Ingredients 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).
region held largest market share in the year 2022.
Market Leaders and their expansionary development strategies
In June 2023, ADM acquired Prairie Pulse Inc., owners of a pulse crop cleaning, milling, and packaging facility in Vanscoy, Sask., doubling its pulse footprint in the region. and In November 2021, ADM, a nutrition and agricultural origination and processing company, announced that it had completed its acquisition of Sojaprotein, a European provider of non-GMO soy ingredients. The addition represents a significant expansion of ADM’s global alternative protein capabilities and its ability to meet the growing demand for plant-based foods and beverages.
In March 2023, ChickP developed two dairy-free cheese prototypes designed to showcase the versatility of its patented chickpea protein isolate. and In March 2020, Ingredion Incorporated, an American food and beverage ingredient company launched a new clean-label ingredient for the U.S. and Canada - EVANESSETM CB6194 clean-label emulsifier. EVANESSE CB6194 clean label emulsifier is a vegan chickpea broth that delivers the emulsification performance of traditional additives.
In the United States, the FDA is responsible for regulating food ingredients, including plant-based proteins like chickpea protein. The FDA sets standards for labeling, safety, and quality control of food products.
Influencing Trend:
Growing Demand for Purely Plant-Based Protein and Clean Label Products and Growth of E-Commerce and Direct-To-Consumer Sales Channels
Market Growth Drivers:
Increasing Consumer Demand for Plant-Based Protein Sources and Rising Awareness of the Health Benefits Associated with Chickpeas Drive the Market for Chickpea Protein Ingredients
Challenges:
Price Volatility and Supply Chain Issues Associated with Chickpeas Can Impact the Growth of the Market
Restraints:
Fluctuating Prices of Chickpeas, Which Can Affect the Market's Growth
Opportunities:
Growing Application of Chickpea Protein Ingredients in the Food Industry Provides Opportunity to the Market
Key Target Audience
Manufacturers and Retailers, Distributors and Wholesalers, Governments Associations, Industrial Bodies, New Entrants/Investors, Research and Development Institutes, Market Research & Consulting Firms and Others