Worldwide Consumption Of Fava Bean Proteins Is Projected To Increase At A Healthy CAGR Of 4.2% by 2032

The global fava bean protein market is estimated to be valued at US$ 56.7 million in 2022, registering Y-o-Y growth of 4.2%. As per forecasts, worldwide consumption of fava bean proteins is projected to increase at a healthy CAGR of 4.2% over 2022-2032, with the U.S. accounting for more than 35% increase in revenue. Fava beans are considered an important food source of protein for human beings and animals alike. As confirmed by the United Nations Food and Agriculture Organization (FAO), fava beans provide around 26 percent of the daily protein needs in nations that struggle with malnutrition.

The offer in this portion accompanies many open doors including fabricating items, appropriation, retail, and showcasing administrations. Broad rounds of essential and far reaching optional exploration have been utilized by the examiners at Fact.MR to show up at different assessments and projections for Demand of Faba Bean Protein Market both at worldwide and provincial levels.

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Market Players: –

• AGT Food and Ingredients
• Ingredion Inc.
• Roquette Freres
• Prairie Fava
• Puris Proteins LLC
• Vestkorn Milling AS
• Australian Plant Protein

Competitive Landscape

The global faba bean protein market is consolidated in nature with a few key manufacturers operating in this space. However, with the rising number of new entrants, the competitive nature of the market is anticipated to grow more rigorous, making the market low to moderately consolidated.

Key industry leaders are predominantly taking efforts to bring innovation in fava bean protein products, for which, they are investing in developing R&D facilities. Some inorganic strategies such as mergers, acquisitions, and joint ventures are also supporting geographical expansion as well as the building of production facilities for several manufacturers.

All these strategies will help to add to the profit margin of fava bean protein manufacturers over the coming years.

For instance :

• In November 2021, AGT Foods, a key leader in the fava bean protein market, entered into a partnership with dairy ingredient supplier Friesland Campina, to launch a new product – Plantaris Fava Isolate 90 A.
• In December 2019, Roquette Freres, a market leader in the plant-based protein market, announced the expansion of its plant-based protein portfolio by launching a new textured fava bean protein NUTRALYS® TF-C.

What Do You Get in a Fact.MR Study?

• Factors affecting the overall development of the global Faba Bean Protein Market
• Factor that might restrain the growth of the global market in the coming years of the forecast period.
• What is present competitive scenario of the global Faba Bean Protein Market and its intricate details concerning potential business prospects of leading market players
• Pricing strategies of several different market players in the global Faba Bean Protein Market

Categorization of Faba Bean Protein Industry Research

• By Product Type :
  • Protein Isolates
  • Protein Concentrates
  • Flour
  • Other Product Types
• By Nature :
  • Organic Fava Bean Protein
  • Conventional Fava Bean Protein
• By End Use :
  • Food Processing
    • Bakery & Confectionery
    • Meat Alternatives
    • Functional Foods
    • Dairy Replacements
    • Infant Foods
    • Other Food Applications
  • Animal Feed
  • Nutraceuticals
  • Sports Nutrition
  • Infant Nutrition
• By Processing Type :
  • Dry Processing
  • Wet Processing

Regional analysis includes

• North America (U.S., Canada)
• Latin America (Brazil, Mexico, Argentina, Chile, Peru, Rest of LATAM)
• EU – (Germany, France, Italy, Spain), UK, BENELUX (Belgium, Netherlands, Luxemburg), NORDIC (Norway, Denmark, Iceland, Sweden), Eastern Europe (Poland, Ukraine, Czech Rep. etc.), Rest of Europe
• CIS & Russia
• Japan
• Asia Pacific Excluding Japan (Greater China, India, S. Korea, ASEAN Countries, Rest of APEJ)

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How Fact.MR Assists in Making Strategic Moves?

The data provided in the Faba Bean Protein Market report offers comprehensive analysis of important industry trends. Industry players can use this data to strategize their potential business moves and gain remarkable revenues in the upcoming period.

The report covers the price trend analysis and value chain analysis along with analysis of diverse offering by market players. The main motive of this report is to assist enterprises to make data-driven decisions and strategize their business moves.

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