Chickpea Protein Ingredients market size, share and forecast to 2032.
Chickpea proteins or garbanzo beans are a good source of carbohydrates and proteins in an increasingly health-conscious world. Chickpeas are used for the manufacture of grain-free flour. It is gluten-free and a high source of protein and fiber. The global chickpea protein ingredients market report by Market Research Future (MRFR) details the market landscape with an emphasis on segments and region from 2018 to 2023 (forecast period).
The Chickpea Protein Ingredients market size is projected to grow from USD 0.667 Billion in 2023 to USD 1.55 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 11.20% during the forecast period (2023 - 2032)
Market Outlook
The global chickpea protein ingredients market is likely to exhibit a remarkable CAGR over the forecast period due to its demand in various food applications. Increasing production of dips, spreads, and flavors with the inclusion of chickpeas is projected to drive the market demand exponentially. The nutty taste and grainy texture as well as the smooth taste can bolster its demand.
The use of chickpea in local cuisines of Asia Pacific can bode well for the market. The influence of these dishes due to globalization as well as inclination of consumers for trying new dishes can drive its demand. The inclusion of chickpeas in Nepal, Bangladesh, Pakistan, and India is anticipated to drive its sales and boost the global chickpea protein ingredients market revenue. Manufacture of vegetable soups is a positive indicator of the market growth.
Capital funding by private and equity players is evident of the ascending growth trajectory of the chickpea protein ingredients market. In 2018, InnovoPro has managed to raise USD 4.25 million for its proprietary technology of extraction of 70% protein concentrate can be used in dips, mayonnaise, meat alternatives, and others.
Segmentation Analysis
The global chickpea protein ingredients market is segmented on the basis of type, form, category, and application.
By type, the market is segmented into concentrate and isolate. The concentrates segment is expected to expand at a modest growth rate due to its affordability. In addition, the breakdown of concentrate proteins after digestion can drive its demand.
By form, the market is segmented into liquid and dry. The dry segment is estimated to gain a major Chickpea Protein Ingredients Market share due to its long shelf life and ability to withstand high temperatures.
By category, the market is segmented into organic and conventional. The organic segment can display an unusually high CAGR over the forecast timespan due to the awareness of consumers. Demand for beans without the use of pesticides combined with crop rotation deemed to make the land highly productive for cultivation can augur well for the chickpea protein ingredients market till 2023.
By application, the market is segmented into energy bars, snacks (sweet & savory), bakery & confectionery, energy bars, and others. The snacks segment is touted to generate maximum revenue due to the consumption of convenience foods by consumers of all demographics.
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Chickpea proteins or garbanzo beans are a good source of carbohydrates and proteins in an increasingly health-conscious world. Chickpeas are used for the manufacture of grain-free flour. It is gluten-free and a high source of protein and fiber. The global chickpea protein ingredients market report by Market Research Future (MRFR) details the market landscape with an emphasis on segments and region from 2018 to 2023 (forecast period).
The Chickpea Protein Ingredients market size is projected to grow from USD 0.667 Billion in 2023 to USD 1.55 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 11.20% during the forecast period (2023 - 2032)
Market Outlook
The global chickpea protein ingredients market is likely to exhibit a remarkable CAGR over the forecast period due to its demand in various food applications. Increasing production of dips, spreads, and flavors with the inclusion of chickpeas is projected to drive the market demand exponentially. The nutty taste and grainy texture as well as the smooth taste can bolster its demand.
The use of chickpea in local cuisines of Asia Pacific can bode well for the market. The influence of these dishes due to globalization as well as inclination of consumers for trying new dishes can drive its demand. The inclusion of chickpeas in Nepal, Bangladesh, Pakistan, and India is anticipated to drive its sales and boost the global chickpea protein ingredients market revenue. Manufacture of vegetable soups is a positive indicator of the market growth.
Capital funding by private and equity players is evident of the ascending growth trajectory of the chickpea protein ingredients market. In 2018, InnovoPro has managed to raise USD 4.25 million for its proprietary technology of extraction of 70% protein concentrate can be used in dips, mayonnaise, meat alternatives, and others.
Segmentation Analysis
The global chickpea protein ingredients market is segmented on the basis of type, form, category, and application.
By type, the market is segmented into concentrate and isolate. The concentrates segment is expected to expand at a modest growth rate due to its affordability. In addition, the breakdown of concentrate proteins after digestion can drive its demand.
By form, the market is segmented into liquid and dry. The dry segment is estimated to gain a major Chickpea Protein Ingredients Market share due to its long shelf life and ability to withstand high temperatures.
By category, the market is segmented into organic and conventional. The organic segment can display an unusually high CAGR over the forecast timespan due to the awareness of consumers. Demand for beans without the use of pesticides combined with crop rotation deemed to make the land highly productive for cultivation can augur well for the chickpea protein ingredients market till 2023.
By application, the market is segmented into energy bars, snacks (sweet & savory), bakery & confectionery, energy bars, and others. The snacks segment is touted to generate maximum revenue due to the consumption of convenience foods by consumers of all demographics.
Request for free sample copy: https://www.marketresearchfuture.com/sample_request/6484
Chickpea Protein Ingredients market size, share and forecast to 2032.
Chickpea proteins or garbanzo beans are a good source of carbohydrates and proteins in an increasingly health-conscious world. Chickpeas are used for the manufacture of grain-free flour. It is gluten-free and a high source of protein and fiber. The global chickpea protein ingredients market report by Market Research Future (MRFR) details the market landscape with an emphasis on segments and region from 2018 to 2023 (forecast period).
The Chickpea Protein Ingredients market size is projected to grow from USD 0.667 Billion in 2023 to USD 1.55 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 11.20% during the forecast period (2023 - 2032)
Market Outlook
The global chickpea protein ingredients market is likely to exhibit a remarkable CAGR over the forecast period due to its demand in various food applications. Increasing production of dips, spreads, and flavors with the inclusion of chickpeas is projected to drive the market demand exponentially. The nutty taste and grainy texture as well as the smooth taste can bolster its demand.
The use of chickpea in local cuisines of Asia Pacific can bode well for the market. The influence of these dishes due to globalization as well as inclination of consumers for trying new dishes can drive its demand. The inclusion of chickpeas in Nepal, Bangladesh, Pakistan, and India is anticipated to drive its sales and boost the global chickpea protein ingredients market revenue. Manufacture of vegetable soups is a positive indicator of the market growth.
Capital funding by private and equity players is evident of the ascending growth trajectory of the chickpea protein ingredients market. In 2018, InnovoPro has managed to raise USD 4.25 million for its proprietary technology of extraction of 70% protein concentrate can be used in dips, mayonnaise, meat alternatives, and others.
Segmentation Analysis
The global chickpea protein ingredients market is segmented on the basis of type, form, category, and application.
By type, the market is segmented into concentrate and isolate. The concentrates segment is expected to expand at a modest growth rate due to its affordability. In addition, the breakdown of concentrate proteins after digestion can drive its demand.
By form, the market is segmented into liquid and dry. The dry segment is estimated to gain a major Chickpea Protein Ingredients Market share due to its long shelf life and ability to withstand high temperatures.
By category, the market is segmented into organic and conventional. The organic segment can display an unusually high CAGR over the forecast timespan due to the awareness of consumers. Demand for beans without the use of pesticides combined with crop rotation deemed to make the land highly productive for cultivation can augur well for the chickpea protein ingredients market till 2023.
By application, the market is segmented into energy bars, snacks (sweet & savory), bakery & confectionery, energy bars, and others. The snacks segment is touted to generate maximum revenue due to the consumption of convenience foods by consumers of all demographics.
Request for free sample copy: https://www.marketresearchfuture.com/sample_request/6484
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