Faba Bean Protein Market

Faba Bean Protein Market Outlook (2024 to 2034)

Expanding at a CAGR of 4.2%, the global faba bean protein market is projected to increase from a valuation of US$ 61.5 million in 2024 to US$ 92.8 million by 2034.

Faba 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), faba beans provide around 26 percent of the daily protein needs in countries struggling with malnutrition.

The changing consumer behavior and the expanding demand for natural and plant-based proteins are driving up sales of faba bean protein. The nutraceutical industry's growing interest in faba bean protein is going to contribute to the expansion of the faba bean protein market. A few of the major market trends for faba bean protein that are driving up demand for the protein include the shift from manual to automated farming methods and the use of contemporary agricultural technologies.

• After thorough research and market study, suppliers in the market have introduced a huge range of products to expand their customer base and satisfy a wide angle of customers. A few of the most prominent products include protein isolates, protein concentrates, flour, and other product types. With this much variety, suppliers are getting a hike in their sales by satisfying a larger base of consumers.
• In East Asia, the market in South Korea is forecasted to show a stronger compound annual growth rate compared to a few of the most established markets in the region including the China and Japan markets.
• Both the markets in North America, the United States and Canada are approximated to progress at a CAGR of 4.6% between 2024 and 2034, leading to increasing faba bean protein market size.

Report Attribute	Detail
Faba Bean Protein Market Size (2024E)	US$ 61.5 Million
Forecasted Market Value (2034F)	US$ 92.8 Million
Global Market Growth Rate (2024 to 2034)	4.2% CAGR
North America Market Value (2024E)	US$ 14.7 Million
North America Market Share (2034F)	24.3%
Protein Isolates Segment Value (2034F)	US$ 18.7 Million
Canada Market Value (2034F)	US$ 7.8 Million
Key Companies Profiled	AGT Food and Ingredients; Ingredion Inc.; Roquette Freres; Prairie Fava; Puris Proteins LLC; Vestkorn Milling AS; Australian Plant Protein; BI Nutraceuticals; Nuttee Bean Co; Australian Plant Proteins; GrainCorp Limited.

Why is the Market for Faba Beans Expanding Steadily?

“Preference for Healthy Food Consuming Habits Pushing Sales of Faba Beans”

Healthy food consumption and eating habits are becoming more common, which will help increase the demand for faba bean protein throughout the projected timeframe. Manufacturers benefit from people's increased attention to their food, health, and activity than ever before. Junk food has received increasing attention in recent years, contributing to a rising consumption of harmful foods. Furthermore, several people are considering eating well and being fit more important. Faba beans provide a lot of protein. Additionally, more individuals are consuming beans and vegetables than meat. Several individuals are switching to vegetarianism and veganism, which is further helping the vegetable industry grow. To sustain and thrive throughout this difficult time, there is an increased emphasis on immune boosters, protein drinks, and general good practices.

“More People are Switching to Faba Bean Due to its High Protein Content”

Owing to its high protein content and the predicted rise in demand for beans rich in protein over the next years, faba beans are dominating the market for other vital nutrients. Consuming faba beans are linked to improved immunity, weight reduction, and other health advantages. Protein is becoming more and more in demand every day. It is found in large amounts in meat, but for those who do not eat meat, meat is not an option. As a result, consumers are focusing more on getting their protein from their diets or smoothies, protein powders, and protein supplements. In addition to being directly consumed, faba beans are also highly sought after for their several by-products. Row uses faba beans as their main product, which is utilized in several protein supplements, contributing to the overall expansion of the faba bean protein market growth.

“Trends of Crop Rotation and Sustainable Agriculture Techniques Contributing Significantly”

Crop rotation and sustainable agriculture techniques are becoming increasingly important to consumers and farmers, which is another important reason driving the market's expansion. Since faba beans are a leguminous crop, they will fix nitrogen on their own, negating the need for synthetic fertilizers that cause greenhouse gas emissions and water pollution, among other environmental problems. Aside from this, the market is expanding because farmers and agricultural organizations are realizing the ecological advantages of including faba beans in crop rotation systems.

A tried-and-true method, well known as crop rotation is about planting different crops on the same land in succession over the growing seasons. A healthy market growth is also witnessed by the growing demand for items that are produced in ecological-friendly methods. In addition, several bean firms are working with nearby farmers and agricultural communities to support environment-friendly farming methods. Providing farmers with tools and training to enhance crop management and lessen environmental impact is part of this.

“Plant-Based or Vegan Diets Desired More in Recent Years”

One of the main causes driving the demand for faba beans is the movement in consumer preferences toward plant-based diets due to concerns about sustainability, animal welfare, and health. Furthermore, the growing popularity of vegetarianism and veganism is fueling the market for plant-based foods such as faba beans. Aside from this, a positive market outlook is being provided by people's growing understanding of the health advantages of consuming less meat.

The effects of meat production on the environment, such as greenhouse gas emissions and land usage, push food producers and consumers to look for sustainable protein substitutes. It is well known that faba beans will fix nitrogen in the soil, lowering the demand for artificial fertilizers. In addition, the need for plant-based proteins is being driven by the increasing global incidence of avian flu.

What is Restricting the Growth Possibilities for Faba Bean Protein Suppliers?

“Problems Regarding Hypersensitivity Rising Concerns for Suppliers”

As a part of the legumes family, faba bean protein is leading to a hypersensitivity reaction. Several people are experiencing anaphylaxis shock by consuming faba bean-containing foodstuffs. Along with that, the presence of vicine and convincing chemicals in faba beans causes hemolysis by interrupting red cell wall function in those who are suffering from glucose-6-phosphate dehydrogenase (G6PD) deficiency. Related to this, most of the cases are reported from the Middle Eastern region. Such events are hampering the growth of the global market to some extent.

Country-wise Analysis

Some of the major countries contributing to market expansion include the United States, Mexico, Canada, China, and South Korea. Among all these, the United States is analyzed to hold a significant faba bean protein market share in North America.

What are the Reasons behind Growing Sales of Faba Beans in the United States?

“Social Media Improving Market Reputation Leading to Increased Faba Bean Protein Sales”

Attribute	United States
Market Value (2024E)	US$ 6.5 Million
Growth Rate (2024 to 2034)	4.6% CAGR
Projected Value (2034F)	US$ 10.3 Million

The influence of social media and high fitness standards are driving mindful eating in the country. Several government regulations and guidelines are also driving health awareness in the United States., thereby driving the consumption of faba bean protein products. Several social media influencers are promoting products containing faba beans, creating a nice reputation for the product leading to more customers buying it across the country. Faba bean proteins are allowing consumers to have a healthy diet with tasty flavors, which is one of the key factors for escalating sales in the United States.

Why is the Faba Beans Market Performing Well in China?

“Government and Industry Support Improving Stakes in the Country”

Attribute	China
Market Value (2024E)	US$ 6.7 Million
Growth Rate (2024 to 2034)	4.2% CAGR
Projected Value (2034F)	US$ 10.2 Million

Initiatives from the government to promote sustainable agriculture and reduce carbon emissions are the key factors encouraging the investment in faba bean proteins. The government understands the future climatic tensions and is taking steps to make sure the country does not face any adverse effects of climate change.

Added to this a mass number of people in the country are choosing to live a healthy lifestyle, again pushing the popularity of faba beans around the country. Suppliers in the country are also choosing creative marketing techniques to promote the health benefits among customers and entice them towards faba bean proteins.

Category-wise Evaluation

The market is segmented into several categories including protein isolates, protein concentrates, flour, and other product types according to the different tastes and preferences of consumers.

Which Product Type is Widely Desired by Customers Globally?

“Surging Preference for Floured Faba Proteins than Other Available Options”

Attribute	Flour
Segment Value (2024E)	US$ 27.6 Million
Growth Rate (2024 to 2034)	4.3% CAGR
Projected Value (2034F)	US$ 41.9 Million

More customers worldwide show a strong preference for floured Faba proteins compared to other available types. The versatility and ease of use of Faba bean flour make it a highly desired product type for global consumers. Faba bean flour is widely consumed in gluten-free baking and as a protein-rich ingredient in several food applications. Its neutral flavor profile and high nutritional value contribute to its popularity among consumers looking for alternative flour options. Increased preference for sustainability and environmental benefits of these beans are further driving demand for their flour in the food industry.

Faba Bean Protein of Which Nature is Consumed More by Customers Worldwide.

“Conventional Faba Beans Consumed More than Organic Counterpart”

Attribute	Conventional
Segment Value (2024E)	US$ 52.3 Million
Growth Rate (2024 to 2034)	4.1% CAGR
Projected Value (2034F)	US$ 78.3 Million

Preference for conventional Faba beans over organic is witnessed among more customers worldwide. Factors such as easy availability, pocket-friendly prices, and perceived quality contribute to the widespread preference for conventional fava beans. Customers often cite the consistent supply and lower cost as key reasons for choosing conventional faba beans. On top of this, they also believe that conventional faba beans maintain better taste and texture qualities compared to their organic counterparts.

Market Competition

Key players in the faba bean protein industry are introducing new products including aquafaba and canned beans to increase their profit margins.

• In November 2021, AGT Foods, one of the key leaders in the fava bean protein market, entered into a partnership with dairy ingredient supplier Friesland Campina, for launching a new product - Plantaris Fava Isolate 90 A.

Fact.MR provides detailed information about the price points of key suppliers of faba bean protein positioned across the world, sales growth, production capacity, and speculative technological expansion, in this updated market report.

Segmentation of Faba Bean Protein Market Research

• By Product Type :

  • Protein Isolates
  • Protein Concentrates
  • Flour
  • Others

• By Nature :

  • Organic
  • Conventional

• By End Use :

  • Food Processing
    • Bakeries & Confectionaries
    • Meat Alternatives
    • Functional Foods
    • Dairy Replacements
    • Infant Foods
    • Others
  • Animal Feed
  • Nutraceuticals
  • Sports Nutrition
  • Infant Nutrition

• By Processing Type :

  • Dry
  • Wet

• By Region :

  • North America
  • Western Europe
  • Eastern Europe
  • Latin America
  • East Asia
  • South Asia & Pacific
  • Middle East & Africa