The faba bean protein market refers to the industry involved in the production, distribution, and utilization of protein derived from faba beans. Faba beans, also known as broad beans, are a type of legume that are rich in protein and have gained significant attention as a plant-based protein source.
The market for faba bean protein has experienced significant growth in recent years, driven by several factors. One of the key drivers is the increasing demand for plant-based protein alternatives in the food industry. Faba bean protein offers a sustainable and environmentally friendly option for individuals seeking to reduce their consumption of animal-derived proteins. It is often used as an ingredient in plant-based meat substitutes, dairy alternatives, protein bars, snacks, and beverages, providing a nutritious and ethical protein source for consumers.
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Furthermore, the growing awareness of the health benefits associated with plant-based diets has contributed to the market growth. Faba bean protein is rich in essential amino acids, high in fiber, and low in saturated fat, making it an attractive choice for individuals looking to incorporate more plant-based proteins into their diets. It offers a complete protein profile, comparable to animal-based proteins, and can be an important component of a balanced and healthy diet.
Based on types faba beans protein market is segmented into
- Isolates
- Concentrates
Based On application faba beans protein market is segmented into
- Animal Nutrition
- Human Nutrition
Based on end use industries faba beans protein market is segmented into
- Food and Beverages Industry
- Pharmaceutical Industry
This report also divides the market by region: Breakdown data in Chapters 4, 5, 6, 7, and 8.
Americas, United States, Canada, Mexico, Brazil, APAC, China, Japan, Korea, Southeast Asia, India, Australia, Europe, Germany, France, United Kingdom, Italy, Russia, Middle East and Africa, Egypt, South Africa, Israel, Turkey, GCC countries
This study especially analyzes the impact of the Covid-19 epidemic on the Faba Bean Protein, covering supply chain analysis, assessing the impact on the growth rate of the Faba Bean Protein market size in several scenarios and the actions to be taken by Faba Bean Protein’s businesses in response to the COVID-19 outbreak.
The objective of the studies:
- To provide a detailed analysis of the market structure along with a forecast of the various segments and sub-segments of the global Faba Bean Protein Market.
- Provide information on factors affecting the growth of the market. To analyze the Faba Bean Protein Market based on various factors- price analysis, supply chain analysis, Gate Five force analysis, etc.
- Provide historical and forecast revenue of market segments and sub-segments for four major geographies and their countries – North America, Europe, Asia, Latin America and Rest of the World.
- Provide country level market analysis relative to current market size and future prospects.
- To provide country level market analysis for the segment by application, product type and sub-segments.
- Provide a strategic profile of the major market players, by deeply analyzing their core competencies and drawing a competitive landscape for the market.
- Track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the global Faba Bean Protein Market.
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.
Key Companies Profiled
- AGT Food and Ingredients
- Ingredion Inc.
- Roquette Freres
- Prairie Fava
- Puris Proteins LLC
- Vestkorn Milling AS
- Australian Plant Protein
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