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, extracted from faba beans or broad beans, is a plant-derived protein renowned for its richness in essential amino acids, making it an important protein source for individuals following vegetarian or vegan diets. Notably digestible, faba bean protein boasts a protein content akin to soy protein. Its nutritional profile and functional attributes have made it a popular ingredient in various food items, including protein bars, shakes, and meat substitutes.
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What are the growth prospects and trends in the Faba Bean Protein industry?
The faba bean protein market growth is driven by various factors and trends. The faba bean protein market is experiencing growth worldwide, propelled by the rising popularity of plant-based protein sources. Faba bean protein, known for its amino acid richness and compatibility with vegetarian and vegan diets, is increasingly sought after in the food and beverage sector. This trend is reinforced by a growing consumer inclination towards sustainable and eco-friendly protein options. Moreover, advancements in processing techniques are improving the functional characteristics of faba bean protein, broadening its use in various products such as sports nutrition, snacks, and meat substitutes. 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.
- Legumex Walker Inc.
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