Chickpea Protein Market Size

Chickpea Protein Market Size

Chickpea Protein Market size was valued at USD 102.1 million in 2022 and is to observe around 5.5% CAGR from 2023 to 2032. As more consumers adopt plant-based diets, there is a growing demand for alternative protein sources, such as chickpea protein, to replace traditional animal-based proteins.

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Chickpea protein is a rich source of essential nutrients, including protein, fiber, vitamins, and minerals. Consumers seeking nutritious and balanced diets are drawn to chickpea protein for its health benefits.

The production of chickpea protein depends on chickpea cultivation, which can be influenced by weather conditions and crop yields. Limited supply and price fluctuations of chickpeas may impact the cost and availability of chickpea protein. Chickpea protein competes with other plant-based protein sources, such as soy, pea, and rice proteins. The popularity of these alternatives and their potential price competitiveness can pose challenges for the chickpea protein market. The extraction and processing of chickpea protein can be complex and costly. Thus, the high-end pricing and risks associated with Chickpea protein may drive down the acceptance rate, further hampering the business growth.