Press Releases

Global Fava Beans Market to Reach 5.1 Million Tons by 2024

"Fava or Faba beans refer to an annual legume crop botanically known as Vicia faba L. The crop is known by many names, most of which belong to a particular subgroup rather than the whole species. They are best adapted to moist and cooler environments and are not recommended for areas where there is little precipitation or no access to irrigation. They can be cultivated early in the spring, giving farmers the ability to spread the work load during seeding."

Having great standability, fava beans can easily withstand difficult environmental conditions which leads to the ease of harvest. In addition, fava beans can fix more than 90 percent of their own nitrogen requirements, thereby, resulting in lesser requirements of nitrogen fertilizers.

Fava beans are rich in potassium, magnesium, selenium, iron, protein, copper and zinc. They have relatively low fat content with a decent amount of dietary fibre and B-complex vitamins. Besides this, fava beans also help fight various health problems such as Parkinson's disease and dopamine responsive dystonia disorders. They find applications in a number of ready-to-eat food products across segments such as bakery, batter and breading, beverages, meat and snack food industry, etc. One of the major factors augmenting the demand for fava beans is the rising health consciousness among the consumers. Several other factors such as rising population, increasing disposable incomes and a growing demand from developing markets are also fuelling the growth of the global fava beans market. According to a new report by Expert Market Research, the market reached a volume of 4.9 Million Tons in 2018 and is further expected to reach 5.1 Million Tons by 2024.

                                                global fava beans market

Key findings from the report:

  • Region-wise, Asia-Pacific dominated the market with the majority of the total global production. Other major markets for fava beans are Asia-Pacific, Middle East and Africa, South America and Europe.
  • The global fava beans market is highly fragmented in nature with a number of local and global players operating in market. Some of the key players include AGT Foods and Ingredients Inc., BroadGrain Commodities Inc., Simpson Seeds Inc., ADM-Benson Quinn, Cargill Foods and Victoria Foods Pvt. Ltd.

Expert Market Research has analysed the global fava beans market according to major regions and top players:

Market breakup by Region

  • Asia-Pacific
  • Middle East and Africa
  • South America
  • Europe

Top Players

  • AGT Foods and Ingredients Inc.
  • BroadGrain Commodities Inc.
  • Simpson Seeds Inc.
  • ADM-Benson Quinn
  • Cargill Foods
  • Victoria Foods Pvt. Ltd.

About Us

Expert Market Research (EMR) is a market research and consultancy firm providing syndicated and custom research along with consultancy services to a wide clientele base which includes Fortune 1000 companies as well as small and medium enterprises. With our tailored approach, the clients gain valuable and unbiased insights that help to improve their competitive edge and realize sustainable growth.

With a keen focus on the qualitative aspect as well as accuracy of the reports, we align our resources and services as per the client’s requirement and offer a flexible engagement model that best suits their needs. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical & Materials, Energy & Mining, Packaging and Agriculture.

Contact Us

Expert Market Research
Website: www.expertmarketresearch.com
Email: sales@expertmarketresearch.com
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790

Purchase Options  

Buy Now  

Call us on

( USA & Canada : )
+1-415-325-5166,
us.sales@expertmarket
research.com
( United Kingdom : )
+44-702-402-5790,
uk.sales@expertmarket
research.com
Send Enquiry  

"Fava Beans Market Report and Forecast 2019-2024"

Why Expert Market Research?

Right People

We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.

Right Methodology

We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.

Right Price

We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.

Right Support

Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.

Similar Reports

Pulses Market Report and Forecast 2019–2024

Pulses are part of the legume family and the term “pulse” means dried seeds. As they are low in fat and very high in fiber and protein, they help to lower triglycerides and cholesterol levels. The...

  • 24 Hour Email Delivery
  • Price: $ 2999
Cocoa Processing Market Report and Forecast 2019-2024

This report by Expert Market Research entitled “Cocoa Processing Market Report and Forecast 2019-2024” provides a comprehensive analysis for anyone who plans to foray into the cocoa processing ind...

  • 24 Hour Email Delivery
  • Price: $ 2999
Global Sugar Market Report and Forecast 2019-2024

Sugar is a sweet, crystalline food supplement mainly extracted from sugar beet and sugar cane. It is a food additive which is used in all kind of drinks and foodstuffs. During 2014-2018, the global su...

  • 24 Hour Email Delivery
  • Price: $ 2999
Global Ginger Market Report and Forecast 2019-2024

Ginger is an important commercial crop grown for its aromatic rhizomes and is used both as a spice and a medicine. It is used as a vital ingredient in a wide range of semi-processed products for the ...

  • 24 Hour Email Delivery
  • Price: $ 2999
Global Oats Market Report and Forecast 2019-2024

The global oats market is expected to grow at a CAGR of around 1% during 2014-2018. The increasing health consciousness and change in lifestyle of the population worldwide are expected to drive this m...

  • 24 Hour Email Delivery
  • Price: $ 2999

Stay informed with our free industry updates.