The Global Chickpea Protein market reached USD 109.9 million in 2019. Worldwide demand for Chickpea Protein saw an 8.0% CAGR from 2019 to 2023, suggesting an expansion of the industry to USD 166.8 million in 2024. Projections for the period between 2024 and 2034 indicate a 10.8% CAGR for global Chickpea Protein sales, resulting in a market size of USD 465.2 million by the end of 2034.
The global chickpea protein market is rapidly developing, owing to more and more consumers looking for plant-based nutritious protein alternatives. This is happening in many parts of the world owing to the consumption of chickpeas in local cuisines, primarily dominated by the residents of the Indian subcontinent. This boom has witnessed extraordinary changes and it seems now that consumers are looking for healthier options that also care for the environment.
Chickpea protein manufacturers are catering to this emerging requirement by diverting resources to new product development and introducing value addition to the current products. Applications for chickpea protein types now include additions such as high-performance sports nutrition isolates, textured additives and hydrolyzed products for meat substitution.
Sustainability and environmental concerns are already becoming part of the growth strategy of the industry. Chickpeas, being a legume crop, are sustainable by nature and its manufacturers are utilizing this benefit of the product as a result of consumers' interest in responsible food and beverage options. The increase in global dietary awareness indicates that the future of the world's diet and nutrition will be influenced by the chickpea protein sector.
| Attributes | Description |
|---|---|
| Estimated Global Industry Size (2024E) | USD 166.8 Million |
| Projected Global Value (2034F) | USD 465.2 Million |
| Value-based CAGR (2024 to 2034) | 10.8% |
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The table below presents a comparative assessment of the variation in CAGR over six months for the base year (2023) and current year (2024) for the Global Chickpea Protein industry. This analysis reveals crucial shifts in industry performance and indicates revenue realization patterns, thus providing stakeholders with a better vision of the ecosystem growth trajectory over the year. The first half of the year, or H1, spans from January to June. The second half, H2, includes the months from July to December.
| Particular | Value CAGR |
|---|---|
| H1 | 10.4% (2023 to 2033) |
| H2 | 11.7% (2023 to 2033) |
| H1 | 11.0% (2024 to 2034) |
| H2 | 10.6% (2024 to 2034) |
The above table presents the expected CAGR for the Global Chickpea Protein industry over several semi-annual periods spanning from 2024 to 2034. In the first half (H1) of the decade from 2024 to 2034, the business is predicted to surge at a CAGR of 10.4%, followed by a slightly variable growth rate of 11.7% in the second half (H2) of the same decade.
Moving into the subsequent period, from H1 2024 to H2 2034, the CAGR is projected to change slightly to 11.0% in the first half and remain relatively moderate at 10.6% in the second half.
Sports nutrition rising as a prominent application of the product
In the context of the global sports nutrition industry, there is a trend of increased demand for plant-based proteins, including chickpea protein. With the rising number of fitness-focused individuals and competitive athletes, chickpea protein is now a widely adopted substitute for dairy and synthetic protein powders. Because of its high protein levels, easy digestion and useful functionalities, it is drawing the interest of sports nutrition brands who are looking to target health-focused consumers.
Emergence of specialized and value-added Chickpea protein ingredients
The industry is witnessing the growth of new and specialized ingredients aimed at various applications. These include high-purity isolates for nutrition, for which manufacturers are working on developing such formulations. This trend demonstrates how the sector is responding to the unique demands of its consumers in the highly competitive environment of plant protein products.
Diversification of the product applications into Nutraceuticals & Personal care
The applications of the industry are currently undergoing a major transformation with formulations just focused on food and beverages becoming a thing of the past. The rise in demand for healthy sustainable protein for use is not only in food and beverages with chickpea protein starting to be used in drugs and creams. The industry is continuing to improve the technology standards with investments in Research & Development in order to diversify its functionalities.
Principal Consultant
Global sales increased at a CAGR of 8.0% from 2019 to 2023. For the next ten years (2024 to 2034), projections are that expenditure on the industry will rise at 10.8% forecast CAGR.
In the past, the industry has fully utilized the demand for chickpeas in many areas including India, where it has been extensively used as a food component. Over recent years though, the industry has changed in terms of how the customers of the industry are seeking healthier and more eco-friendly food options and a shift towards diversification of applications by the companies.
The future of the global chickpea protein industry looks positive as society is becoming aware of the ecological effects of food and the health aspects of consumption. There is an increase in demand for protein options such as chickpeas that are clean-label and plant-based.
Responding to this emerging opportunity, manufacturers have begun research and development on new products based on chickpea protein that include plant-based meat fillers and sports dietary supplements, that are high in quality.
Further, the prospects of the industry remain favorable thanks to the dedication towards sustainability and the nutritional capacity of the product. The success of the industry relies on being able to keep up with changing trends in consumers and navigating regulatory requirements.
The industry is concentrated on MNCs like ADM, Cargill and Ingredion, which have already established themselves globally. Such firms adopt a full range of approaches for their business operations, from extensive research and development, establishing supply chains to the distribution of various types of the product products to different sectors like food and beverages, sports nutrition and pharmaceuticals.
These MNCs are also able to deploy advanced processing technologies, product development and foreign acquisitions to strengthen their competitive advantage.
On the other hand, the industry also has regional players in emerging economies such as India, China and certain parts of Latin America. Usually, these regional firms are able to tap well into local consumer needs as well as have a steady chickpea supply which helps them to produce tailored chickpea protein products for home and neighboring markets.
The speed and flexibility of these regional players enable them to meet the specific requirements of their clients and take advantage of the increasing demand for plant-based proteins in the relevant markets.
In the global chickpea protein industry, the presence of MNCs alongside small region-oriented players creates a dynamic and slightly fragmented market in favor of regional companies. This diversity of companies promotes innovations, creates competition and makes it possible to supply numerous chickpea protein products to the changing needs of consumers around the globe.
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ADM provides the market with a wide range of the product ingredients, such as isolates and concentrates, which are in high demand in the food and drink industry. Understanding the importance of proteins, ADM is undertaking initiatives to upgrade its chickpea protein production capacity and expand R&D to provide chickpea-based solutions of the future.
Another multinational company, Cargill Inc, also actively participates in chickpea protein markets by offering to its customers isolates, concentrates and textured protein products which are used as components for food, beverages and nutrition-related purposes. Cargill's strategic objective related to planting more and more branches of developing plant protein solutions is also pushing its growth in the industry.
International Flavors & Fragrances Inc, which is based in the US, is also very active in the industry. The company offers a portfolio of chickpea protein ingredients, which have functional and nutritional properties for food and beverage as well as nutraceutical and cosmetics manufacturers. With the trend of opting for plant-based and clean-label products on the rise, IFF is also making strategic moves to position itself in the industry.
The following table shows the estimated growth rates of the top five markets. These countries are set to exhibit high consumption, recording high CAGRs through 2034.
| Countries | CAGR 2024 to 2034 |
|---|---|
| USA | 11.4% |
| Canada | 10.8% |
| Brazil | 11.2% |
| China | 12.0% |
| India | 11.7% |
The reason behind India being a market leader in the industry is due to it being the highest producer and consumer of Chickpeas around the world. Indian cultures, through the ages, have adopted chickpeas in their cuisine giving rise to the demand for various chickpea products including protein ingredients.
Also, Indian consumers being more health conscious and their inclination towards plant-based diets are also contributing factors to the growth of the demand for chickpea protein in several food and drink applications.
The strong domestic demand and developed chickpea processing capabilities enable the country to dominate globally. These trends are leading to a projected value of USD 148.9 million by 2034 with Chickpea Protein demand calculated to rise at a value CAGR of 11.7% during the forecast period (2024 to 2034) with a value share of 32%.
Chickpea protein has maintained a strong prominence within the USA market because of increasing consumer inclination towards plant-based food and beverage alternatives. More American consumers, especially health & eco-conscious ones, are looking for clean-label protein sources that are nutrient-packed and align with their priorities.
Owing to its high versatility, comparable nutrition and health benefits, chickpea protein has established a hold in the USA market in a variety of sectors such as meat substitutes, sports nutrition and such. This underlying shift in the USA consumer has been one of the main accelerators for the industry in the country.
The industry for Chickpea Protein in USA is projected to exhibit a CAGR of 11.4% during the assessment period and revenue from the sales of the product in the country is expected to reach USD 97.7 million with a market share of 21%.
The reason for an increasing proportion of consumers consuming chickpea protein within China has been the rapid expansion of the middle class and their requirement for quality functional foods and beverages. There has been a growing trend among Chinese consumers to be concerned with the health effects of their diet, causing chickpea protein, along with other plant proteins, to become an increasingly popular substitute.
In an attempt to address this trend, manufacturers in China are beginning to include protein from chickpeas across different processed foods, nutritional supplements and fortified snacks. The versatility of chickpeas complemented by their health appeal has made it easy for Chinese food manufacturers to use chickpea protein in these various applications.
These factors are responsible for the robust projected forecast CAGR of 12.0% from 2024 to 2034, with the country achieving a global value share of 15% in 2034 with a value of USD 69.8 million.
| Segment | Isolate |
|---|---|
| Main Segment | Product Type |
| Value Share (2034) | 48% |
Being an excellent source of protein, chickpea isolates provide a lot of functional benefits, making them a great fit for high-performance applications where a simple plant-based protein might not be enough. With performance nutritional products, brands are beginning to include chickpea isolate in their formulations.
They are using ingredients created using chickpea isolate for various therapeutic and neutraceutical purposes in the pharmaceutical industry. These increasing adoptions in these specialized sectors are also one of the key factors behind the growth of the chickpea isolate segment around the world. This growth has propelled the segment's value to USD 223.3 million in 2034 with a market share of 48% and further projections suggest its growth at a CAGR of 10.9%.
| Segment | Organic |
|---|---|
| Main Segment | Nature |
| Value Share (2034) | 31% |
Consumers worldwide are becoming aware of the health and ecological consequences of their consumption patterns, which is tilting their preferences towards organic and sustainable food & beverage products, in which chickpea protein is becoming a prominent product. As the world becomes more focused on health, organic chickpea protein is quickly becoming popular as a clean-labeled healthy substitute to typical protein sources.
This development is leading manufacturers to develop and market organic chickpea protein products that are in line with the global push towards organic products and sustainability. Bolstering from these trends, this segment is set to achieve a market share of 31% with a market value of USD 144.2 million by 2034 due to growth at a forecast CAGR of 11.5%.
There is a good opportunity for expansion for the global chickpea protein market in the years ahead due to the growing popularity of plant-based proteins. Dominant players in the market are acquiring new companies through expansion strategies to in order to improve their consumer base.
To meet the growing consumer demand for cleaner and sustainable food products, leading firms are investing resources in developing chickpea protein-rich products. The future of the industry is bright, as strategic alliances, geographical expansion and the creation of advanced technologies for focused processing are
expected to be significant growth enablers. Manufacturers are upping production, streamlining supply chains and enhancing brand marketing in order to remain competitive in the industry.
As per Product Type, the industry has been categorized into Isolate, Concentrate, Textured and Hydrolyzed.
As per Nature, the industry has been categorized into Organic and Conventional.
As per End Use, the industry has been categorized into Food & Beverage Processing, Sports Nutrition, Infant Nutrition, Pharmaceutical Products, Personal Care Products and Animal Nutrition.
Industry analysis has been carried out in key countries of North America, Latin America, Western Europe Eastern Europe, Balkans & Baltic, Russia & Belarus, Central Asia, East Asia, South Asia & Pacific and Middle East & Africa.
The global market is estimated at a value of USD 166.8 million in 2024.
Prominent players in the landscape include ADM, Cargill Inc, International Flavors & Fragrances Inc, Kerry Group, SunOpta Inc, Bunge, Farbest Brands, The Scoular Company, and Shandong Wonderful Biotech Co Ltd.
The Global Industry grew at a Historical CAGR of 8.0% from 2019 to 2023.
The USA sales are projected to hold a revenue share of 28% over the forecast period.
The industry is projected to grow at a forecast CAGR of 10.8% from 2024 to 2034.
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