Faba Bean Starch Market Outlook
Faba bean is one of the types of legumes and is processed to obtain starch, protein, and fibers. Faba bean is widely used in human consumption as well as the animal feed industry with starch content of 32.7%. Faba bean starch is widely being incorporated in the culinary/food & beverage industry as a plant-based ingredient. Faba bean starch comes in the form of large granules that absorbs a very high amount of water, as compared to normal potato starch. Apart from that it also contains a very high amount of protein. Faba bean starch is isolated by the wet and dry milling process. The wet milling process is more effective than dry milling for the extraction of faba bean starch from the dry faba seeds. Faba Bean starch has a vital role as it maintains the food products quality. Apart from that, the increasing number of vegan population and consumer adoption towards plant-based food products are the key factors that are anticipated to boost the faba bean starch market in the forecast period.
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Health Benefits Associated with Faba Bean Starch is Boosting the Demand
The increasing health and wellness trend across the globe is one of the factors that is upscaling the demand for healthy food ingredients in the food & beverage industry across the world. The faba beans are mostly produced in the Middle East, European, and Asia Pacific countries like Egypt, Ethiopia, China, and Australia. Faba bean starch is mainly the faba flour that contains a significant amount of protein. Faba bean starch has a great binding property that enhances the viscosity of lower glycemic index food product development. Faba bean starch is loaded with nutrients, such as folate and other vital vitamins and minerals that boost immunity, beneficial for bones, prevents anemia. Apart from that, the other health benefits associated with faba bean starch include, it can be beneficial in maintaining the blood pressure, obesity, and regulates the blood cholesterol levels. Due to these health benefits, the market for faba bean starch is anticipated to grow in the forecast period.
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Faba Bean Starch Market: Segmentation
The faba bean starch market can be segmented based on nature, grade type, and application.
Based on nature, the faba bean starch market can be segmented as –
Based on grade type, the faba bean starch market can be segmented as –
- Food Grade
- Pharmaceutical Grade
- Animal Feed Grade
Based on application, the faba bean starch market can be segmented as –
- Pasta & Noodles
- Protein Bars
- Meat Products
Faba Bean Starch Market: Regional Analysis
Faba bean is native to the Middle East countries, but it has expanded to other regions including North America, Latin America, and the Asia Pacific among others. The faba bean starch market is estimated to grow because of its applications in various industries for the production of food products including bread, nutritional bars, dietary supplements, functional food and beverages, and pharmaceutical applications. Therefore the companies are establishing their production units according to the ease in raw materials procurement to increase its production capacity. The developing nations such as China, India, and Russia are targeted by the faba bean starch producers to grow their faba bean starch business. The largest youth population lies in India & China that is 36% of the global youth population, and are the key consumers of faba bean starch-based products that providing a robust market opportunity over the forecast period.
Faba Beans Starch Market: Key Participants
Key players in the global faba beans starch market are:
- Herba Ingredients BV
- Ingredion Incorporated
- Cargill Inc.
- BASF SE
- Thermo Fisher Scientific.
- AAK AB
- BI Nutraceuticals
- Emsland Group
- Grain Processing Corp.
- Universal Starch Chem Allied Ltd
- The Tereos Group
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