Chickpea Protein Market Growth A Deep Dive into Trends, Future Projections, and Key Developments | FMI

The chickpea protein market is poised for a 5.1% CAGR, reaching $165.1 million by 2033 from $100.9 million in 2023. Anticipated growth is driven by increasing consumer demand in the food industry, particularly in the food and pastry sector. The widespread use of chickpea protein in prepared foods and meat alternatives aligns with evolving consumer preferences, contributing to the industry’s expected expansion over the next decade.

The global chickpea protein market is predicted to have a CAGR of 5.1% throughout the projected period, according to FMI’s analysis. The industry is predicted to have increased from US$ 100.9 million in 2023 to US$ 165.1 million by the end of 2033.

It is projected that growing consumer demand in the food industry will raise chickpea protein content. Throughout the next 10 years, the food and pastry kitchen business is expected to grow due to the widespread use of chickpea protein. As consumers’ preferences for prepared foods and meat alternatives shift, the company is expected to grow.

For additional information, view our sample study on the expanding market for chickpea protein. Learn about the market’s dynamics, trends, and forces that drive it. Instantly Request a Sample Copy:https://www.futuremarketinsights.com/reports/sample/rep-gb-12547

In the upcoming years, it is anticipated that the development of alternative meat compositions for products like snacks and dressings will spur market growth. The market is anticipated to grow as a result of chickpeas’ low cost, adaptability, and nutrient-rich qualities. The use of chickpea protein for preventing chronic diseases, managing weight, and promoting other areas of health is anticipated to drive market expansion in the years to come.

Top Highlights from the FMI’s Analysis of the Chickpea Protein Market: 

• North America is assessed to lead the global market over the next 10 years. The United States chickpea protein industry is projected to attain US$ 53.6 million by 2033. The CAGR assumed for the United States market is anticipated to be 7% over the forecast period.
• In the Europe region, Germany is projected to hold a significant market percentage. The German market is anticipated to attain US$ 13.21 million by 2033. Over the forecast period, the market is expected to expand at 4% CAGR.
• The United Kingdom market is predicted to attain US$ 8.3 million by the end of 2033. Over the upcoming years, the market is anticipated to register a 6% CAGR.
• In the European region, the Spain market is expected to exhibit significant growth, expanding at a CAGR of 2% over the forecast period. The market is set to achieve a market valuation of US$ 7.1 million by 2033.
• Within the Asia Pacific region, China’s contribution is anticipated to stand out. By the end of 2033, the China market is expected to attain US$ 17.8 million. The market is projected to perceive a growth rate of 4% over the forthcoming years.
• The protein isolates segment, based on product type, is expected to register a 4% CAGR, up from the 3.6% CAGR observed in the historical period.
• The conventional chickpea protein vertical, based on nature, is projected to expand at a CAGR of 5% from 2023 to 2033, lifting from the 3% CAGR witnessed in recent years.

Key Developments Stirring Up the Marketplace

• In March 2023, new, innovative food products developed using InnovoPro’s chickpea protein are planned to be showcased in snacks, dressings, dairy, and meat alternatives categories. These newly developed products are expected to be showcased at Natural Products Expo West 2023.
• In September 2022, Ingredion Inc. announced its equity stake in InnovoPro, a chickpea ingredient developer.

Take advantage of the opportunity to conduct thorough research on the future of the chickpea protein market. To keep current on market trends and development opportunities, get a copy right away :
https://www.futuremarketinsights.com/checkout/12547 

Chickpea Protein Market Segmentation

By Product Type:

• Protein Isolates
• Protein Concentrates
• Flour
• Other Product Types

By Nature:

• Organic
• Conventional

By End User:

• Food Processing
  • Bakery & Confectionery
  • Meat Alternatives
  • Functional Foods
  • Dairy Replacements
  • Infant Foods
  • Other Food Applications
• Animal Feed
  • Livestock
    • Cattle
    • Swine
    • Poultry
  • Pet Food
  • Aquafeed
• Nutraceuticals
• Sports Nutrition
• Infant Nutrition

By Processing Type:

• Dry Processing
• Wet Processing

Unlock the Insights: Get a Sneak Peek with Our Sample Report on the Thriving Animal Feed Market : https://www.futuremarketinsights.com/checkout/12547

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

 Contact Us:

Nandini Singh Sawlani
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube