The Reports and Insights, a leading market research company, has recently releases report titled “Faba Bean Protein Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2031.” The study provides a detailed analysis of the industry, including the global Faba Bean Protein Market Share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights:
How big is the Faba Bean Protein Market?
The global faba bean protein market size was US$ 5.8 Billion in 2022. Global market revenue is expected to register a revenue CAGR of 5.1% during the forecast period and reach a market size of US$ 9.1Bn in 2031.
What are Faba Bean Protein?
Faba bean protein is a plant-based protein sourced from faba beans, also known as broad beans. It is highly regarded for its quality, containing all essential amino acids crucial for human health. Faba bean protein is prized for its nutritional value, being low in fat and high in fiber, making it a popular option for those following vegetarian or vegan diets. Its versatility is showcased in various food products, including plant-based meat alternatives, protein supplements, and baked goods, where it enhances texture and serves as a complete protein source. Moreover, faba bean protein is recognized for its sustainability, as faba beans require less water and result in fewer greenhouse gas emissions compared to animal-derived proteins.
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What are the growth prospects and trends in the Faba Bean Protein industry?
Faba bean protein market growth is driven by various factors. The market for Faba Bean Protein is witnessing significant growth, fueled by the increasing consumer preference for plant-based protein sources. Faba bean protein’s appeal lies in its nutritional richness, serving as a complete protein containing essential amino acids, which resonates with health-conscious consumers and those embracing vegetarian or vegan lifestyles. Its incorporation into a variety of food items, including meat substitutes, protein bars, and dairy alternatives, is expanding as manufacturers seek sustainable and allergen-friendly protein options. The market’s upward trajectory is further propelled by growing awareness of environmental sustainability and the advantages of plant-based diets. However, challenges such as optimizing taste and maintaining cost competitiveness relative to animal-based proteins could impede market expansion to some extent. Hence, all these factors contribute to faba bean protein market growth.
What is included in market segmentation?
The report has segmented the market into the following categories:
By Product Type:
- Concentrates
- Isolates
Form:
- Powder
- Liquid
Application:
- Food & Beverages
- Nutritional Supplements
- Animal Feed
End-User:
- Retail
- Food Service
- Industrial
Distribution Channel:
- Direct Sales
- Online Retail
- Specialty Stores
- Hypermarkets/Supermarkets
- Others
Segmentation By Region:
North America:
- United States
- Canada
Europe:
- Germany
- The U.K.
- France
- Spain
- Italy
- Russia
- Poland
- BENELUX
- NORDIC
- Rest of Europe
Asia Pacific:
- China
- Japan
- India
- South Korea
- ASEAN
- Australia & New Zealand
- Rest of Asia Pacific
Latin America:
- Brazil
- Mexico
- Argentina
Middle East & Africa:
- Saudi Arabia
- South Africa
- United Arab Emirates
- Israel
Who are the key players operating in the industry?
The report covers the major market players including:
- Roquette Frères
- Axiom Foods
- Burcon NutraScience Corporation
- AGT Food and Ingredients
- Emsland Group
- Cargill, Incorporated
- Ingredion Incorporated
- Cosucra Group Warcoing SA
- Parabel USA Inc.
- Nutriati, Inc.
- Farbest Brands
- Verdient Foods Inc.
- Plantible Foods Inc.
- Shandong Jianyuan Group Co., Ltd.
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