ID: MRFR/F-B & N/5022-CR | September 2019 | Region: Global | 123 pages
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%. Chickpea protein ingredients are additives in the form of isolates, concentrates, and flour. These are used in food and animal feed to enhance the protein content of the end product. Market growth can be attributed to the increasing 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 dependence on the imports of chickpea. The market is expected to offer lucrative opportunities to the vendors in the form of a shift in consumer preference toward organic ingredients and increasing incidences of lactose intolerance.
Rising concerns regarding animal welfare, human health, and the environment, globally have led to the rise in popularity of vegan food in developed and developing countries. The health-conscious population is adopting a vegetarian diet due to the rising awareness and concerns regarding the use of antibiotics and hormones in livestock feed. According to a survey commissioned by the Vegan Society and the Food & You surveys, organized 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 adoption of plant-based diets and the increasing number of flexitarians are driving the demand for plant-based protein, thereby propelling the growth of the global chickpea protein ingredients market. Additionally, the widening application scope of chickpea protein ingredients is boosting their demand across the globe.
However, chickpea is primarily produced in Asia-Pacific, the Middle East, and some parts of Africa. The key chickpea producing countries are India, Australia, Myanmar, Ethiopia, Turkey, and Russia. The production of chickpea in Europe and North America is limited to Russia and the US, respectively. However, the highest demand and consumption of chickpea protein ingredients are in Europe, followed by North America. The limited production of chickpea owing to region-specific cultivation and globally increasing consumption have created a wide demand and supply gap, thus hampering the market growth. Increasing consumer preference for organic protein products and high incidences of lactose intolerance are expected to create lucrative opportunities for the vendors active in the global market.
Canada: Chickpea Protein Ingredients Market Value, by Application, 2018 & 2025 (USD Million)
Source: MRFR Analysis
The global chickpea protein ingredients market is segmented on the basis of type, category, form, application, and region.
Based on type, the market has been segregated into concentrates, isolates, 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 conventional. The conventional segment accounted for a larger 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 dominated 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 segment is further divided into dairy products, bakery and confectionery, beverages, dietary supplements, sweet and savory snacks, infant nutrition, and others. The animal feed segment is expected to register the highest CAGR of 11.9% during the forecast period of 2019 to 2025.
China Chickpea Protein Ingredients Market Share (%), by Application, 2018
Sources: MRFR Analysis
On the basis of region, the global chickpea protein ingredients market has been categorized as North America, Europe, Asia-Pacific, and the rest of the world. North America dominated the global chickpea protein ingredients market in 2018. The market in the region is projected to grow by USD 131.92 million from 2018 to 2025. The US is expected to be a significant country-level market, contributing to the growth of the North American chickpea protein ingredients market.
The market in Asia-Pacific is expected to register the highest CAGR during the forecast period owing to the increasing health concerns among the consumers and the large-scale production of chickpeas in the region.
The prominent players in the global chickpea protein ingredients market include 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).
Global Market, by Type
Global Market, by Category
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Frequently Asked Questions (FAQ) :
chickpea protein ingredients market is expected to reach USD 737.8 million by 2025.
chickpea protein ingredients market is expected to exhibit a strong 11.2% CAGR over the forecast period from 2019 to 2025.
Growing prevalence of veganism is a major driver for the chickpea protein ingredients market.
North America dominates the global chickpea protein ingredients market.
Leading players in the chickpea protein ingredients market include Chickplease, Archer Daniels Midland Company, and Batory Foods, among others.