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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 –

  • Organic
  • Conventional

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 –

  • Food
    • Bakery
    • Pasta & Noodles
    • Confectionary
    • Protein Bars
    • Meat Products
  • Pharmaceuticals
  • Nutraceuticals

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
  • Vestkorn
  • Ingredion Incorporated
  • Cargill Inc.
  • Thermo Fisher Scientific.
  • AAK AB
  • BI Nutraceuticals
  • Emsland Group
  • Grain Processing Corp.
  • Universal Starch Chem Allied Ltd
  • The Tereos Group

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Faba Bean Starch Market

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