Global Chickpea Protein Ingredients Market: Information by Type (Concentrates, Isolates and Flour), Category (Organic and Conventional), Form (Solid and Liquid), Application (Food & Beverages [Dairy Products, Bakery and Confectionery, Beverages, Dietary Supplements, Sweet and Savory Snacks, Infant Nutrition and others], Animal Feed and others) and Region (North America, Europe, Asia-Pacific, Rest of the World) - Forecast till 2025
Generally, chickpea protein ingredients are flavorings in the form of quarantines, thickeners, and flour. These are used in food and creature or animal food to improve the protein content of the product. Market growth can be recognized to the growing adoption of veganism and rising demand for plant-based ingredients. However, region-specific cultivation of chickpea is creating a wide demand and supply gap, thus restricting the growth of the market, leading to a rise in prices and high reliance on the imports of chickpea. The Global Chickpea Protein Ingredients Market has witnessed continued growth over the last few years and is projected to reach USD 737.8 Million by 2025 at a CAGR of 11.2%. The market is expected to offer lucrative chances to the vendors in the form of a shift in consumer liking toward organic ingredients and increasing incidences of lactose prejudice.
The Global chickpea protein ingredients market is segmented based on material type, tool type, application and region respectively. Escalating anxieties concerning animal wellbeing, human wellbeing, and the ecosystem, globally have led to the increase in recognition of vegan food in established and developing countries. The health-determined population is embracing a vegetarian diet due to the rising awareness and concerns concerning the use of antibiotics and hormones in cattle feed. Based on type, the market has been segregated into concentrates, insulates, and flour. The isolates segment dominated the market with a share of nearly 50% in 2018. By category, the global chickpea protein ingredients market has been bifurcated into organic and predictable.
The conventional segment settled for a greater market share in 2018. It is estimated to reach USD 500.87 million by 2025. In terms of form, the global market has been segregated into solid and liquid. The solid segment overshadowed the market in 2018. It is expected to register a higher CAGR during the forecast period. Based on application, the market has been divided into food & beverages, animal feed, and others. The food & beverages section is further apportioned into dairy products, bakery and confection, beverages, dietary supplements, sweet and savory snacks, infant nutrition, and others. The animal feed segment is required to register the highest CAGR of 11.9% during the forecast period of 2019 to 2025. According to a survey custom-made by the Vegan Society and the Food & You studies, prearranged by the Food Standards Agency (FSA) and the National Centre for Social Science Research, the vegan population in the UK was 150,000 in 2014 (0.25% of the total population), which increased to 600,000 (1.16% of the population) by 2018. The rising implementation of plant-based diets and the ever-increasing number of flexitarians are pushing the requirement for plant-based protein, thereby pushing the growth of the global chickpea protein materials market. Furthermore, the widening application scope of chickpea protein ingredients is improving their requirement across the globe.
Geographically the Global chickpea protein ingredients market is split in regions like North & South America, Europe, Asia-Pacific, Middle east and Africa and Rest of the world. The market in Asia-Pacific is expected to register the premier CAGR during the projection period owing to the escalating health concerns among the clients and the large-scale construction of chickpeas in the region. Based on region, the global chickpea protein materials market has been labeled as North America, Europe, Asia-Pacific, and the rest of the world. North America dominated the global chickpea protein components market in 2018. The market in the region is projected to grow by USD 131.92 million from 2018 to 2025. The US is anticipated to be a significant country-level market, providing to the evolution of the North American chickpea protein ingredients market.
The proposed spectators in the Global chickpea protein ingredients market are manufacturers, Retailers, distributors, wholesalers, Investors and trade experts, Governments, associations, industrial bodies, etc. The major companies functioning in the Global chickpea protein ingredients market are concentrating on firming their global ways by entering into untouched markets. The projected onlookers in the Global chickpea protein ingredients market are companies like Cambridge Commodities Limited (UK), Archer Daniels Midland Company (US), Nutriati, Inc. (US), Batory Foods (US), ChickP (Israel), InnovoPro Ltd (Israel), Ingredion Incorporated (US), Chickplease (US), Nutraonly (Xi’an) Nutritions Inc. (China) and AGT Food and Ingredients Inc. (Canada).