Faba Bean Protein Market Size, Share, Growth, Trends, and Global Industry Analysis: By Product Type (Protein Isolates, Flour, Protein Concentrates, Others), By Nature (Organic, Conventional), By End- User (Food Processing, Animal Feed, Nutraceuticals, Sports Nutrition, Others) and Region Forecast 2019-2030

Faba Bean Protein Market size was valued at USD 71.5 million in 2023 and is projected to reach USD 97.0 million by 2030 at a CAGR of 4.7% from 2024-2030. Faba beans, which are high in Fiber and antioxidants and include critical nutrients including magnesium, potassium, zinc, and vitamin B6, are becoming increasingly popular due to their health advantages. These characteristics are driving up demand for faba bean protein, especially in the food and beverage industries. The global move toward plant-based diets has increased this need, as consumers seek sustainable and nutritional protein sources. With the rise of vegan, vegetarian, and flexitarian lifestyles, faba bean protein has become a popular ingredient in a variety of food applications, such as plant-based meat substitutes, snacks, dairy alternatives, and nutritional supplements.

Furthermore, the health benefits of faba bean protein, such as aiding digestion, enhancing heart health, and providing antioxidant protection, are becoming more generally acknowledged. This has increased demand across a wide range of consumer categories, including health-conscious individuals and athletes looking for high-performance plant proteins. The food industry has responded by incorporating faba bean protein into various new product compositions, citing its neutral flavor and outstanding emulsifying capabilities as suitable for a wide range of applications. As a result, the demand for faba bean protein is likely to rise further, fueled by a growing emphasis on health, sustainability, and clean label products.

Faba Bean Protein Market Key Developments:

• In February 2024, Roquette introduced four multi-functional pea proteins that enhance the flavour and texture of plant-based foods and high-protein nutritional goods. According to the company, fava beans are a sustainable raw resource, like peas, and can provide farmers with agronomic benefits.
• On May 28, 2024, Roquette Launches First Fava Bean Protein Isolate for Plant-Based Meat, Dairy, and Baked Goods
• On April 17, 2024, Australian Grain Export's new ingredients company, Integra Foods, inaugurated a faba bean protein facility in Dublin, South Australia. The plant, part of AGE's $20 million vertically integrated value-adding district in South Australia's Mid-North region, employs sustainable and energy-efficient protein separation techniques