Chickpea Protein Market is Expected to Reach USD 152.53 million, at a CAGR of 6.00%
The chickpea protein market value is USD 95.70 million in 2022 and is expected to reach USD 152.53 million by 2030, registering a CAGR of 6.00% during the forecast period of 2023 to 2030.
Chickpea protein is a major source of protein derived from chickpeas, which are referrderived from chickpeas, which are recognized as a part of the legume seed family. Chickpeas possess a healthy composition of nutitions, with protein content ranging from 16 percent to 24 percent. The product also contains other essential nutrients such as calcium, deity fiber, starch and iron.
The increase in inclination towards healthy nutrition among consumers is a major factor promoting the chickpea protein powder market growth during the forecast period. Individuals worldwide are drifting towards a more reliable, clean food source and contains huge dietary benefit. Furthermore, the pattern of veganism and vegetarianism has been increasing quickly in recent years because of emerging mindfulness associated with ecological protection and popularity of meat elective items.
Some of the major players operating in the chickpea protein market are:
Glanbia plc. (Ireland)
Kerry Group Plc (Ireland)
DANONE SA (Switzerland)
Nutiva Inc (U.S.)
Archer Daniels Midland Company (U.S.)
Grain Millers, Inc. (U.S.)
Batory Foods (U.S.)
Health benefits associated with chickpea protein
Chickpea is a plant-based protein due to, which it is a better choice for those people who are suffering from chronic cardiovascular diseases. Furthermore, consumption of chickpea protein helps in maintaining skin care and in reducing hair loss. As a result of all these health benefits increasing the adoption of chickpea in the nutraceutical which are expected to create numerous market growth opportunities. Along with this, chickpea protein is known for its vital role in blood sugar regulation, specifically among people suffering from type 2 diabetes. Thereby, chickpea playing a major role in diabetes management.
Side effect associated with chickpea protein
The chickpea protein powder has a healthy and strong nutritional value, but some side effects hinder the market’s growth. Overdose of chickpea protein and chickpeas components can cause severe digestive issues and damage the digestive system. Furthermore, it also causes acidity and bloating, which will probably limit the usage of chickpea protein to some extent.
This chickpea protein market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the chickpea protein market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
The chickpea protein market is segmented on the basis of product type, nature, form, processing type and end-use. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.