Chickpeas are a part of legumes family and often known as garbanzo beans. They are a good source of plant-based proteins which make an excellent replacement for meat in vegetarian and vegan diets. Chickpea protein is extracted from chickpeas. They are known for their nutritional composition, which includes protein ranging from 16 to 24 percent, as well as other necessary components such as fiber, iron, carbohydrate, and calcium. Chickpea protein is recognized to have a number of health benefits and is perfect for use in food preparation.
MARKET SCOPE
The "Global Chickpea Protein Market Analysis to 2028" is a specialized and in-depth study of the food and beverage industry with a special focus on the global market trend analysis. The report aims to provide an overview of the chickpea protein market with detailed market segmentation by type, category, application, and geography. The report provides key statistics on the market status of the leading chickpea protein market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- On the basis of type, the market is segmented into isolates, concentrates, and flour
- On the basis of category, the market is segmented into organic and conventional
- On the basis of application, the market is segmented into food and beverages and others. The food and beverage segment is further bifurcated into dairy alternatives, bakery & confectionery, sweet & savory snacks, infant nutrition, beverages, and others
MARKET DYNAMICS
Drivers:
- Due to factors such as increased customer preference for plant-based vegan food products, the chickpea protein market is expected to witness tremendous growth over the coming years.
- Manufacturers are developing plant-based protein owing to potential health benefits of consuming plant-based products. Consumers' growing inclination for healthy foods presents a big market opportunity for the leading competitors in the chickpea protein market.
- Rising consumer trends such as veganism, clean label products, cruelty free products are further expected to propel the market growth.
Restraints:
- The overall growth of the chickpea protein market is expected to be hampered by growing incidences of severe digestive difficulties caused by heavy consumption of chickpea and chickpea-derived components.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The chickpea protein market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the chickpea protein market in these regions.
IMPACT OF COVID-19 ON CHICKPEA PROTEIN MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products.
MARKET PLAYERS
The report covers key developments in the chickpea protein market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Chickpea protein market are anticipated to lucrative growth opportunities in the future with the rising demand for chickpea protein in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the chickpea protein market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- AGT Food and Ingredients
- ADM
- Batory Foods
- Cambridge Commodities Ltd
- Chick.P
- Chickplease
- Ingredion Inc
- InnovoPro
- Nutraonly (Xi'an) Nutritions Inc
- PLT Health Solutions
- Atura Proteins
- Artesa (Nutriati)
- International Flavors & Fragrances Inc.
- Puris Foods
- A&B Ingredients
- Axiom Foods Inc
- SotexPro
- The Green Labs LLC
- Kerry
- Rouquette Freres
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.