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.

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For structuring this Faba Bean Protein market research report the team of experienced market researchers and key analysts have worked dedicatedly. This market report contains an analysis of the market segments and key companies taking part in the arcade. This further includes a brief on the market risks, entry barriers, and sales channel distributors referring to the Faba Bean Protein market. Business can further decide their course of action on the basis of insights recorded under this research. The production and marketing strategies are some of the immediate arenas of change that can be guided by research findings and future forecasts. The wide-ranging market analysis continuously gives insights based on positive developments and cost-benefit analysis on the parent market.

The futuristic chart elaborating on the CAGR values with respect to the market is added in the later part of this report. Paying attention to the competitive landscape this research has brought forward the key competition companies in the arcade including their strategic company players in this market. This part is further extended to details of each company and its market share. All included statistical data is interpreted in correlation with core competencies, details of regional expansion, and the use of advanced tools for analysis of the Faba Bean Protein market.

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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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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
• By Region :
  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • MEA

Questionnaire answered in the Faba Bean Protein Market report include:

• How the market for Faba Bean Protein has grown?
• What is the present and future outlook of the global Faba Bean Protein on the basis of region?
• What are the challenges and opportunities for the Faba Bean Protein?
• Why the consumption of Faba Bean Protein highest in region?
• In which year segment is expected to overtake segment?

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