Posted on 17 Dec 2018

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


Related Report

Asia Pacific Tropical Fruit Puree Market Report and Forecast 2019-2024

The Asia Pacific tropical fruit puree market reached a production volume of 3.03 million tons in 2018. The market in the Asia Pacific is expected to grow further in the coming years, growing at a CAGR...

EMEA Saccharin Market Report & Forecast 2019-2024

The EMEA saccharin market is being driven by the growing global consumption of saccharin with about USD 252 million worth of the low-calorie sweetener being consumed in 2018.

LATAM Saccharin Market Report & Forecast 2019-2024

The LATAM saccharin market is being driven by the growing artificial high-intensity sweetener (HIS) industry. Globally, the artificial HIS market stood at nearly USD 1.8 billion in 2018. It is expecte...

Asia Pacific Saccharin Market Report & Forecast 2019-2024

The Asia Pacific saccharin market is being aided by the healthy growth in the production of saccharin in China. In 2018, China produced 16,219.68 tonnes of the low-calorie sweetener. The global growth...

North America Saccharin Market Report & Forecast 2019-2024

The North America saccharin market was aided by the growing market for artificial high-intensity sweetener (HIS) which attained nearly USD 1.8 billion in 2018. Between 2019 to 2024, the artificial HIS...

Have any queries or concern?

USA - Canada: +1-415-325-5166

UK: +44-702-402-5790

Email: sales@expertmarketresearch.com