Faba Beans Market Growing Demand and Huge Future Opportunities by 2030

Faba Beans Market: Introduction

A recent study published by Transparency Market Research on the global faba beans market covers global industry analysis and opportunity assessment for 2020-2030. The complete revenue generated from the global faba beans market is estimated to be ~US$ 52.3 Mn in 2020 that is anticipated to surge at a CAGR of 4.2%, to reach ~US$ 79 Mn by 2030.

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Rising Demand for Faba Beans in Aquaculture and Animal Feed

Aquaculture is one of the fastest growing sectors; cultivators of the aquaculture are looking for healthy and nutritive aqua feed products. In addition, various feedstock producers are focusing on the procurement of healthy diet to feed their livestock. Pulses are a cherished stock feed, owing to their high protein content and palatability, and are used as supplements for livestock.

Faba bean is highly digestible in nature and is a metabolisable source of energy for poultry, ruminants, and swine. Faba beans and other legumes eradicate deficits in dry feed or cereal stubbles superior than grains. These are key factors responsible for the rising demand for faba beans in aquaculture, poultry, horse, and swine feed industries, as protein source are also used as substitute to fishmeal, soybean meal, or other animal protein supplements.

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Use of Faba Beans as Flavor Enhancer and Moisture Retainer

Faba beans are estimated to witness remarkable growth in use in food, beverages, animal feed, and pet food products, as they improve flavors and texture. Moreover, faba beans are used to enhance moisture retention in meat products to improve taste and avoid shrinking of meat. Hence, it is likely to be used to enhance meat product texture. Moreover, faba beans act as a natural alternative to fat and are free from cholesterol. Thus, they are highly used as hydrolyzed protein in a range of processed food products such as sauces, dressings, soups, seasoned snack food, breakfast cereals, meat products, and meat alternative products. Therefore, with the rising demand for processed meat and meat alternative products with added nutritive contents along with tempting food traits, faba beans producers are anticipated to witness considerable growth in food processing segment during the forecast period.

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Global Faba Beans Market Segmentation

Faba Beans Market by Product Type

Protein Isolates
Protein Concentrates
Flour
Other Product Types

Faba Beans Market by Nature

Organic
Conventional

Faba beans Market by End Use

Food Processing
Bakery & Confectionery
Meat Alternatives
Functional Foods
Dairy Replacements
Infant Foods
Other Food Applications
Animal Feed
Livestock
Cattle
Swine
Poultry
Pet Food
Aquafeed
Nutraceuticals
Sports Nutrition
Infant Nutrition

Faba beans Market by Processing Type

Dry Processing
Wet Processing

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