twitter RSS Feed linkedin acp contact

Global fava bean protein market projected at US$85.6mn by 2032

The global fava bean protein market is projected to expand at a steady annual growth rate of 4.2% to be valued at US$85.6mn by 2032, according to market research provider Fact.MR

faba beanCurrently, the global fava bean protein market stands at US$56mn. (Image Source: Fact.MR)

Currently, the market is estimated at US$56.7mn in 2022, and is predicted to expand at a healthy CAGR of 4.2% during the forecast years of 2022-2032.

North America has dominated the global market by holding 38.5% market share in 2021, which is estimated to rise to 39.9% by the end of 2032. Together, North America and Europe represent 69.3% of the overall market share in 2022.

The gradual shift from meat or diary-based protein toward plant-based ingredients is a key factor driving the consumption of fava bean proteins.

To generate more popularity, manufactures are upgrading fava bean protein formulations by adapting innovative ways to extract and process the final product. Additionally, varied processes have been endeavoured to standardise fava bean protein’s bio-accessibility and digestibility. Consequently, enhanced fava bean protein quality will drive its penetration across regions.

Intensifying veganism across the world due to a rising awareness about vegan diets and high digestibility is also one of the supporting factors that will propel the adoption and consumption of fava bean proteins going forward.


LATEST NEWS IN Horticulture

Global fava bean protein market projected at US$85.6mn by 2032

Global fava bean protein market projecte…

The global fava bean protein market is projected to expand at a steady annual growth rate of 4.2% to be valued at US$85.6mn by 2032, according to market research provider...

Pest management restores Africa’s mango markets

Pest management restores Africa’s mango …

The Alien Invasive Fruit Flies project in Southern Africa, supported by the International Development Research Centre and the Australian Centre for International Agricultural Research, has come up with five technologies...

Sustainable fruit at the heart of South African blueberry drive

Sustainable fruit at the heart of South …

South African blueberry growers are stepping up their promotional drive in Germany by highlighting the quality and sustainability credentials of their fruit

Fruit breeding, the answer to climate change?

Fruit breeding, the answer to climate ch…

Dr Chris Owens, IFG's lead plant breeder, speaks with Tulana Nayak from African Farming, about the challenges of fruit breeding and what the future holds.

South African campaign targets UK consumers with excellent plum quality

South African campaign targets UK consum…

South African plum growers have reported excellent crop quality this season as they look to inspire UK consumers to choose their fruit

Morocco to record a 12% rise in citrus fruit production

Morocco to record a 12% rise in citrus f…

Citrus fruit production in Morocco is expected to reach an estimated 2.55 mmt in 2021/2022, registering a 12% rise from the previous period

Prev Next

OTHER RELATED ARTICLES - Horticulture

South African campaign targets UK consumers with excellent plum quality

South African campaign targets UK consum…

South African plum growers have reported excellent crop quality this season as they look to inspire UK consumers to choose their fruit

Zambia gets US$45mn AfDB funding for cashew sector

Zambia gets US$45mn AfDB funding for cas…

The African Development Bank (AfDB) has approved a US$45mn loan to finance the Cashew Infrastructure Development Project (CIDP) in Zambia

Kenya flower farms turn to solar power

Kenya flower farms turn to solar power

Kenyan flower farms have started investing in solar panels in an attempt to get access to a stable power source and cut electricity costs

FarmVisionAI releases mobile app for in-field artificial intelligence

FarmVisionAI releases mobile app for in-…

Agriculture AI company FarmVisionAI has released a mobile app designed to engage growers in-field with vision AI stress detections

Climate-friendly cocoa launched

Climate-friendly cocoa launched

Olam International Ltd and Rainforest Alliance have teamed up to produce the world’s first “climate-friendly cocoa” in Ghana as part of their ongoing collaboration

HortiFlora trade fair set to take place in Ethiopia

HortiFlora trade fair set to take place …

The next edition of the international horticulture trade fair ‘HortiFlora Expo’ will be held in Ethiopia

Priva partners with Aranet to deploy wireless technology in greenhouses

Priva partners with Aranet to deploy wir…

Priva and Aranet have partnered to enable integrated wireless technology, aiming to bridge the gap between wireless sensors platforms and other data sources in greenhouses

Dubai show to highlight floristry sector growth

Dubai show to highlight floristry sector…

One of the largest horticultural trade shows in the Middle East has moved to a new venue, as it looks to accommodate a growing number of exhibitors from across Africa,...

Kenya to invest US$4.6 million in pyrethrum farming

Kenya to invest US$4.6 million in pyreth…

Kenya will pledge approximately US$4.6mn to revive the pyrethrum sector in Nakuru County and the rest of the country, county assembly agriculture committee member Njuguna Gichamu has announced

Fact.MR evaluates demand for mulching material

Fact.MR evaluates demand for mulching ma…

Fact.MR evaluates demand for mulching material to surge from horticulture farms and lawn gardens

Growing food in greener cities

Growing food in greener cities

  Urban horticulture supplies fresh food, creates jobs, recycles waste   

Horticulture industry blooming in Ethiopia

Horticulture industry blooming in Ethiop…

Ethiopia has transformed its flower sector from a tiny sector into a US$200 million cut flowers export business within a span of 10 years

Prev Next