Faba Beans Market: Introduction
A recent study published by Transparency Market Research on theglobal faba beans market covers globalindustry analysis and opportunity assessment for 2020-2030. The completerevenue 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.
Rising Demand for Faba Beans in Aquaculture andAnimal Feed
Aquaculture is one of the fastest growing sectors; cultivators of theaquaculture are looking for healthy and nutritive aqua feed products. Inaddition, various feedstock producers are focusing on the procurement ofhealthy diet to feed their livestock. Pulses are a cherished stock feed, owingto their high protein content and palatability, and are used as supplements forlivestock.
Faba bean is highly digestible in nature and is a metabolisable sourceof energy for poultry, ruminants, and swine. Faba beans and other legumeseradicate deficits in dry feed or cereal stubbles superior than grains. Theseare key factors responsible for the rising demand for faba beans inaquaculture, poultry, horse, and swine feed industries, as protein source arealso used as substitute to fishmeal, soybean meal, or other animal proteinsupplements.
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Use of Faba Beans as Flavor Enhancer and MoistureRetainer
Faba beans are estimated to witness remarkable growth in use in food,beverages, animal feed, and pet food products, as they improve flavors andtexture. Moreover, faba beans are used to enhance moisture retention in meatproducts to improve taste and avoid shrinking of meat. Hence, it is likely tobe used to enhance meat product texture. Moreover, faba beans act as a naturalalternative to fat and are free from cholesterol. Thus, they are highly used ashydrolyzed protein in a range of processed food products such as sauces,dressings, soups, seasoned snack food, breakfast cereals, meat products, andmeat alternative products. Therefore, with the rising demand for processed meatand meat alternative products with added nutritive contents along with temptingfood traits, faba beans producers are anticipated to witness considerablegrowth in food processing segment during the forecast period.
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