Aquafaba Market - Forecast(2024 - 2030)

Report Code: FBR 0614 Report Format: PDF + Excel

Aquafaba Market Overview:

The Aquafaba Market size is estimated to reach USD $220 million by 2030, growing at a CAGR of 6% during the forecast period 2023-2030. The aquafaba market has seen significant growth and evolution in recent years, driven by the rising popularity of plant-based and vegan diets. Aquafaba, which is the viscous liquid extracted from legumes like chickpeas, has gained prominence as a versatile egg substitute in a variety of culinary applications. As consumers increasingly seek cruelty-free and sustainable food options, aquafaba has emerged as a valuable ingredient for both home cooks and the food industry. 

One of the notable aspects of the aquafaba market was its versatility. It found use in numerous culinary applications, allowing for the creation of vegan versions of traditionally egg-based foods, such as meringues and macarons. Additionally, it was employed as a foaming agent in cocktails, a binding agent in vegan cheese, and an essential ingredient in plant-based mayonnaise, showcasing its adaptability across food categories. While aquafaba offered an excellent plant-based alternative to eggs, challenges persisted. Variability in aquafaba's composition from different sources and its limited shelf life in some applications posed difficulties for manufacturers. However, the industry was actively investing in research and development to address these issues, including the development of stabilizers and the creation of aquafaba-based products in more convenient forms.

As the aquafaba market matured, regulatory bodies began to establish guidelines and standards for aquafaba-based products. These regulations aimed to ensure consistency and safety for consumers, further contributing to the industry's growth and stability. The aquafaba market held promising prospects, with ongoing research and development expected to enhance the functionality and stability of aquafaba in various food products. As consumers continued to seek sustainable and plant-based alternatives, aquafaba was poised to remain a key ingredient in the evolving landscape of vegan and plant-based foods.

Market Snapshot:

Aquafaba Market    - Report Coverage:

The “Aquafaba Market Report - Forecast (2023-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the Aquafaba Market.

Attribute

Segment

By Product Type

  • Protein Isolates

  • Flour

  • Other products

By Nature

  • Organic

  • Conventional



By Application

  • Pancakes

  • Waffles

  • Mayonnaise

  • Meringues

  • Cookies

  • Brownies

  • Dressings

  • Cocktails

By Packaging Type

  • Bottles

  • Jars

  • Pouches

By Sales Channel

  • Online

  • Supermarkets/Hypermarkets

  • Specialty Stores

By End Use

  • Bakery & Confectionery

  • Household Consumption

 

 

 

By Geography

  • North America (U.S., Canada and Mexico)

  • Europe (Germany, France, UK, Italy, Spain, Russia and Rest of Europe),

  • Asia-Pacific (China, Japan, South Korea, India, Australia & New Zealand and Rest of Asia-Pacific),

  • South America (Brazil, Argentina, Chile, Colombia and Rest of South America)

  • Rest of the World (Middle East and Africa)


Aquafaba Market - Top Trends

Growing Popularity of Vegan and Plant-Based Diets: The primary driver of the aquafaba market is the increasing adoption of vegan and plant-based diets. As consumers become more health-conscious and environmentally aware, they are seeking alternatives to traditional animal-based ingredients like eggs. Aquafaba serves as a versatile and cruelty-free egg substitute, making it a preferred choice in plant-based cooking and baking.

Expanding Product Applications: Aquafaba's applications have expanded beyond traditional areas like meringues and mayonnaise. It is being used in a wide range of food products, including vegan cheeses, ice creams, whipped toppings, and beverages. The versatility of aquafaba in both sweet and savory dishes is a significant trend.

Convenience Products: To meet the demands of home cooks and commercial food producers, companies have started offering aquafaba in convenient formats, such as canned or jarred aquafaba. This eliminates the need for consumers to drain and store chickpea liquid, making it easier to use in recipes.

Clean Label and Natural Ingredients: Consumers are increasingly looking for clean label and natural ingredients. Aquafaba, being a minimally processed byproduct of legumes, aligns with this trend. Brands are emphasizing the natural and plant-based qualities of aquafaba in their marketing.

Improved Stability and Functionality: To address challenges related to aquafaba's variability and stability in certain applications, research and development efforts have been focused on improving its functionality. This includes the development of stabilizers and additives to enhance its performance as an egg substitute.

DIY Aquafaba: Some consumers prefer making aquafaba at home by cooking and straining their legumes, such as chickpeas or white beans. DIY aquafaba allows for more control over its quality and can be a cost-effective option.

Aquafaba Market - Company Product Analysis

Ingredion Inc. : 

Product Range: Ingredion offers various aquafaba-based ingredients and solutions for the food industry. Their portfolio includes aquafaba concentrates and powders designed to enhance stability and texture in food applications.
Applications: These ingredients can be used in a wide range of food products, including vegan mayonnaise, plant-based desserts, and as egg replacements in baked goods.

AGT Food and Ingredients Inc.: 

Product Range: AGT Food and Ingredients is known for its expertise in pulse processing, particularly chickpeas, a primary source of aquafaba. They provide high-quality chickpea products used in aquafaba production.
Applications: These chickpea ingredients are essential for aquafaba extraction and serve as a reliable source for aquafaba-based products.

Puris: 

Product Range: Puris specializes in plant-based ingredients and offers aquafaba products as part of their portfolio. They provide aquafaba concentrates and powders.
Applications: These aquafaba ingredients can be used in a wide array of vegan food products, including plant-based cheeses, dairy alternatives, and baked goods.

Vitacyclix: 

Product Range: Vitacyclix focuses on sustainable and plant-based food ingredient solutions, including aquafaba.
Applications: They offer aquafaba ingredients for a variety of food applications, contributing to the development of plant-based and vegan foods.

OrgraN: 

Product Range: OrgraN, a brand under Vegan Organics, provides a range of plant-based and vegan products, including aquafaba.
Applications: Their aquafaba product can be used as an egg substitute in vegan baking and cooking, making it a convenient option for home cooks.

Key Market Players: 

Product/Service launches, approvals, patents and events, acquisitions, partnerships and collaborations are key strategies adopted by players in the Aquafaba Market. The top 10 companies in this industry are listed below:

  1. Ingredion Inc.
  2. AGT Food and Ingredients Inc.
  3. SOL Group
  4. Vitacyclix
  5. OrgraN
  6. Sativa
  7. Emsland Group
  8. Real Aquafaba
  9. Beneo
  10. Blommer Chocolate Company

Scope of Report: 

Report Metric

Details

Base Year Considered

2022

Forecast Period

2023–2030

CAGR

6%

Market Size in 2030

USD $220 million 

Segments Covered

By Product Type, Nature, Application, packaging Type, Sales Channel, End Use and Region


Geographies Covered

North America (U.S., Canada and Mexico), Europe (Germany, France, UK, Italy, Spain, Russia and Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia, New Zealand and Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia and Rest of South America), Rest of the World (Middle East and Africa).



Key Market Players

  1. Ingredion Inc.
  2. AGT Food and Ingredients Inc.
  3. SOL Group
  4. Vitacyclix
  5. OrgraN
  6. Sativa
  7. Emsland Group
  8. Real Aquafaba
  9. Beneo
  10. Blommer Chocolate Company


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1. Aquafaba Market - Overview
    1.1. Definitions and Scope
2. Aquafaba Market - Executive Summary
3. Aquafaba Market - Comparative Analysis
    3.1. Company Benchmarking - Key Companies
    3.2. Global Financial Analysis - Key Companies
    3.3. Market Share Analysis - Key Companies
    3.4. Patent Analysis
    3.5. Pricing Analysis
4. Aquafaba Market - Start-up Companies Scenario (Premium)
    4.1. Key Start-up Company Analysis by
    4.2. Investment
    4.3. Revenue
    4.4. Venture Capital and Funding Scenario
5. Aquafaba Market – Market Entry Scenario Premium (Premium)
    5.1. Regulatory Framework Overview
    5.2. New Business and Ease of Doing Business Index
    5.3. Case Studies of Successful Ventures
6. Aquafaba Market - Forces
    6.1. Market Drivers
    6.2. Market Constraints
    6.3. Market Challenges
    6.4. Porter's Five Force Model
    6.5. Bargaining Power of Suppliers
    6.6. Bargaining Powers of Customers
    6.7. Threat of New Entrants
    6.8. Rivalry Among Existing Players
    6.9. Threat of Substitutes
7. Aquafaba Market – Strategic Analysis
    7.1. Value Chain Analysis
    7.2. Opportunities Analysis
    7.3. Market Life Cycle
8. Aquafaba Market – By Product Type (Market Size – $Million/$Billion) 
    8.1. Protein Isolates
         8.1.1. Key Market Trends, Growth Factors and Opportunities 
         8.1.2. Market Size & Forecast by Region
    8.2. Flour
         8.2.1. Key Market Trends, Growth Factors and Opportunities
         8.2.2. Market Size & Forecast by Region
    8.3. Other products
         8.3.1. Key Market Trends, Growth Factors and Opportunities
         8.3.2. Market Size & Forecast by Region 
9. Aquafaba Market – By Nature (Market Size – $Million/$Billion) 
    9.1. Organic
         9.1.1. Key Market Trends, Growth Factors and Opportunities
         9.1.2. Market Size & Forecast by Region
    9.2. conventional
         9.2.1. Key Market Trends, Growth Factors and Opportunities
         9.2.2. Market Size & Forecast by Region
10. Aquafaba Market – By Application (Market Size – $Million/$Billion)
    10.1. Pancakes
         10.1.1. Key Market Trends, Growth Factors and Opportunities
         10.1.2. Market Size & Forecast by Region
    10.2. Waffles
         10.2.1. Key Market Trends, Growth Factors and Opportunities
         10.2.2. Market Size & Forecast by Region
     10.3. Mayonnaise
         10.3.1. Key Market Trends, Growth Factors and Opportunities
         10.3.2. Market Size & Forecast by Region
     10.4. Meringues
.        104.1. Key Market Trends, Growth Factors and Opportunities
         10.4.2. Market Size & Forecast by Region
     10.5. Cookies
         10.5.1. Key Market Trends, Growth Factors and Opportunities
         10.5.2. Market Size & Forecast by Region
     10.6. Brownies
         10.6.1. Key Market Trends, Growth Factors and Opportunities
         10.6.2. Market Size & Forecast by Region
     10.7. Dressings
         10.7.1. Key Market Trends, Growth Factors and Opportunities
         10.7.2. Market Size & Forecast by Region
     10.8. Cocktails
         10.8.1. Key Market Trends, Growth Factors and Opportunities
         10.8.2. Market Size & Forecast by Region
11. Aquafaba Market – By Packaging Type (Market Size – $Million/$Billion)
     11.1. Bottles
         11.1.1. Key Market Trends, Growth Factors and Opportunities
         11.2.2. Market Size & Forecast by Region
     11.2. Jars
         11.2.1. Key Market Trends, Growth Factors and Opportunities
         11.2.2. Market Size & Forecast by Region
     11.3. Pouches
         11.3.1. Key Market Trends, Growth Factors and Opportunities
         11.3.2.  Market Size & Forecast by Region
12. Aquafaba Market – By Sales Channel (Market Size – $Million/$Billion)
     12.1. Online
         12.1.1. Key Market Trends, Growth Factors and Opportunities
         12.1.2. Market Size & Forecast by Region
     12.2. Supermarkets/Hypermarkets
         12.2.1. Key Market Trends, Growth Factors and Opportunities
         12.2.2. Market Size & Forecast by Region
     12.3. Specialty Stores
         12.3.1. Key Market Trends, Growth Factors and Opportunities
         12.3.2. Market Size & Forecast by Region
13. Aquafaba Market – By End Use (Market Size – $Million/$Billion)
     13.1. Bakery & Confectionery
         13.1.1. Key Market Trends, Growth Factors and Opportunities
         13.1.2. Market Size & Forecast by Region
     13.2. Household Consumption
         13.2.1. Key Market Trends, Growth Factors and Opportunities
         13.2.2. Market Size & Forecast by Region
14. Aquafaba Market – by Geography (Market Size – $Million/$Billion) 
     14.1. North America
         14.1.1. The U.S.
         14.1.2. Canada
        14.1.3. Mexico
      14.2. Europe
         14.2.1. UK
         14.2.2. Germany
         14.2.3. France
         14.2.4. Italy
         14.2.5. Spain
         14.2.6. Russia
         14.2.7. Rest of Europe
     14.3. Asia-Pacific
         14.3.1. China
         14.3.2. India
         14.3.3. Japan
         14.3.4. South Korea
         14.3.5. Australia & New Zealand
         14.3.6. Rest of Asia-Pacific
     14.4. South America
         14.4.1. Brazil
         14.4.2. Argentina
         14.4.3. Chile
         14.4.4. Colombia
         14.4.5. Rest of South America
     14.5. Rest of the World
         14.5.1. Middle East
         14.5.2. Africa
15. Aquafaba Market – Entropy
16. Aquafaba Market – Industry/Segment Competition Landscape Premium 
     16.1. Market Share Analysis
         16.1.1. Market Share by Product Type – Key Companies
         16.1.2. Market Share by Region – Key Companies
         16.1.3. Market Share by Country – Key Companies
     16.2. Competition Matrix
     16.3. Best Practices for Companies
17. Aquafaba Market – Key Company List by Country Premium Premium 
18. Aquafaba Market - Company Analysis
     18.1. Ingredion Inc.
     18.2. AGT Food and Ingredients Inc.
     18.3. SOL Group
     18.4. Vitacyclix
     18.5. OrgraN
     18.6. Sativa
     18.7. Emsland Group
     18.8. Real Aquafaba
     18.9. Beneo
     18.10. Blommer Chocolate Company
     18.11. Puris
     18.12. Sapthsathi Organic Agriculture Project
     18.13. Ireks GmbH
     18.14. Tate & Lyle
     18.15. Emsland-Starke GmbH
     18.16. Danisco (DuPont)
     18.17. Naturex (Givaudan)
     18.18. Ingredion (TIC Gums)
     18.19. Archer Daniels Midland Company (ADM)
     18.20. Emsland Food

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The Aquafaba is forecast to grow at 6% during the forecast period 2023-2030.

Global Aquafaba Market size is estimated to reach USD $220 million by 2023.

The leading players in the Aquafaba Market are Ingredion Inc., AGT Food and Ingredients Inc., SOL Group, Vitacyclix, OrgraN.