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 2024-2032.” 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, sourced from the faba bean, also known as broad or fava bean, is a high-quality plant-based protein that provides all nine essential amino acids necessary for human health. It is also rich in fiber, vitamins, and minerals, making it a nutritious option for vegetarians, vegans, and those seeking to incorporate more plant-based proteins into their diets. Furthermore, faba bean protein is environmentally sustainable, as faba beans require less water and generate 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?
The faba dean protein market growth is driven by various factors. The market for faba bean protein is expanding rapidly, driven by the increasing consumer interest in plant-based proteins. This surge in demand is fueled by factors such as growing health awareness, ethical and environmental considerations, and a rising number of individuals adopting vegan and vegetarian lifestyles. Moreover, advancements in food processing techniques have enhanced the taste and quality of faba bean protein products, contributing to their growing popularity in the market. Hence, all these factors contribute to faba dean 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.
Legumex Walker Inc.
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