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Global Fava Beans Market: By Application: Food, Feed, Others; By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, Specialty Stores, Online Retailers, Others; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics: SWOT Analysis; Competitive Landscape; Industry Events and Developments

Global Fava Beans Market Outlook

The global fava beans production expanded at a CAGR of around 1% in the historical period of 2017-2021. The fava beans market is further estimated to witness a steady growth in the forecast period of 2022-2027.

 

Global Fava Beans Market

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Easy Availability of Fava Beans across Supermarkets and Hypermarkets to Supplement the Market Growth

The market is being driven by the increasing availability of fava beans across supermarkets and hypermarkets to meet the growing consumer demand for food products packed with nutrients. In addition, the rapid expansion of e-commerce channels is also expected to prove beneficial for the market growth. For instance, through online stores, such as Amazon Pantry, consumers can purchase fresh, canned, and packaged fava beans. Also, the development of fava bean-based snacks is likely to attract more health-conscious consumers, thus, aiding the market.

 

Growing Demand for Fava Beans in the Asia Pacific to Support the Overall Market Growth

The Asia Pacific region accounts for a significant share of the global market for fava beans, with China being the  leading producer, accounting for 36.7% of the global production in 2020. The demand for fava beans in the region can be associated with the changing consumer lifestyles, fuelled by the rising demand for organic and health enhancing food. Another factor supporting the market growth is the presence of a large vegan and vegetarian population. Meanwhile, the market in North America is estimated to witness a considerable growth during the forecast period, owing to the increased consumption of fava beans to aid in efficient weight management. This is being supported by the rising concerns of obesity in the region.

 

Market Segmentation

Fava Beans, also known as broad beans or faba beans, are a member of the pea family and are one of the oldest known cultivated plants. Fava beans contain a high level of protein, usually between 20-40%, depending on the variety and the environmental conditions in which they are grown. It is a good source of iron, magnesium, potassium, zinc, copper, selenium, and many vitamins.

 

Global Fava Beans Market By Application

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By application, the market is divided into:

  • Food 
  • Feed
  • Others

On the basis of distribution channel, the market can be categorised into:

  • Supermarkets and Hypermarkets
  • Convenience Stores 
  • Speciality Stores 
  • Online Retailers
  • Others

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Global Fava Beans Market By Region

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Rising Consumer Focus on the Adoption of a Healthy Lifestyle to Augment the Market Growth of Fava Beans

The market is being driven by the increasing consumption of fava beans owing to the rising interest in the adoption of a healthy lifestyle and nutritious diet. Fava beans are a good source of protein, fibre, and carbohydrates. In terms of mineral content, fava beans are rich in calcium, iron, and magnesium, among others. Fava beans are increasingly utilised in various recipes across Middle Eastern and Asian cuisines, which are witnessing an immense popularity worldwide. In addition, the rising trend of vegetarianism is also anticipated to bolster the consumption of fava beans in the coming years. Furthermore, the increased demand for fava beans in the livestock industry, as a protein and starch rich animal feed solution is also expected to supplement the market growth in the forecast period.

 

Key Players in the Global Fava Beans Market

The report gives a detailed analysis of the following key players in the global fava beans market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • BroadGrain Commodities Inc.
  • AGT Food and Ingredients
  • Simpson Seeds Inc.
  • Archer Daniels Midland Company
  • Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model and SWOT analysis.

 

REPORT FEATURES DETAILS
Base Year 2020
Historical Period 2017-2021
Forecast Period 2022-2027
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Application, Distribution Channel, Region
Breakup by Application Food, Feed, Others
Breakup by Distribution Channel Supermarkets and Hypermarkets, Convenience Stores, Specialty Stores, Online Retailers, Others
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, Key Indicators for Price and Demand
Trade Data Analysis Major Importing Countries by Value and Volume, Major Exporting Countries by Value and Volume
Price Analysis Historical and Forecast Price Trends- Regional
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered BroadGrain Commodities Inc., AGT Food and Ingredients, Simpson Seeds Inc., Archer Daniels Midland Company, Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Fava Beans Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Fava Beans Historical Market (2017-2021) 
    8.3    Global Fava Beans Market Forecast (2022-2027)
    8.4    Global Fava Beans Market by Application
        8.4.1    Food
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2017-2021)
            8.4.1.3    Forecast Trend (2022-2027)
        8.4.2    Feed 
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2017-2021)
            8.4.2.3    Forecast Trend (2022-2027)
        8.4.3    Others
    8.5    Global Fava Beans Market by Distribution Channel
        8.5.1    Supermarkets and Hypermarkets
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2017-2021)
            8.5.1.3    Forecast Trend (2022-2027)
        8.5.2    Convenience Stores
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2017-2021)
            8.5.2.3    Forecast Trend (2022-2027)
        8.5.3    Specialty Stores
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2017-2021)
            8.5.3.3    Forecast Trend (2022-2027)
        8.5.4    Online Retailers
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2017-2021)
            8.5.4.3    Forecast Trend (2022-2027)
        8.5.5    Others
    8.6    Global Fava Beans Market by Region
        8.6.1    Market Share
            8.6.1.1    North America
            8.6.1.2    Europe
            8.6.1.3    Asia Pacific
            8.6.1.4    Latin America
            8.6.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2017-2021)
        9.1.2    Forecast Trend (2022-2027)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2017-2021)
        9.2.2    Forecast Trend (2022-2027)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2017-2021)
        9.3.2    Forecast Trend (2022-2027)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2017-2021)
        9.4.2    Forecast Trend (2022-2027)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2017-2021)
        9.5.2    Forecast Trend (2022-2027)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyers Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    Key Indicators for Demand
    10.4    Key Indicators for Price
11    Value Chain Analysis
12    Trade Data Analysis

    12.1    Major Importing Countries
        12.1.1    By Volume
        12.1.2    By Value
    12.2    Major Exporting Countries
        12.2.1    By Volume
        12.2.2    By Value
13    Price Analysis
    13.1    North America Historical Price Trends (2017-2021) and Forecast (2022-2027)
    13.2    Europe Historical Price Trends (2017-2021) and Forecast (2022-2027)
    13.3    Asia Pacific Historical Price Trends (2017-2021) and Forecast (2022-2027)
    13.4    Latin America Historical Price Trends (2017-2021) and Forecast (2022-2027)
    13.5    Middle East and Africa Historical Price Trends (2017-2021) and Forecast (2022-2027)
14    Competitive Landscape
    14.1    Market Structure
    14.2    Company Profiles
        14.2.1    BroadGrain Commodities Inc.
            14.2.1.1    Company Overview
            14.2.1.2    Product Portfolio
            14.2.1.3    Demographic Reach and Achievements
            14.2.1.4    Certifications
        14.2.2    AGT Food and Ingredients
            14.2.2.1    Company Overview
            14.2.2.2    Product Portfolio
            14.2.2.3    Demographic Reach and Achievements
            14.2.2.4    Certifications
        14.2.3    Simpson Seeds Inc.
            14.2.3.1    Company Overview
            14.2.3.2    Product Portfolio
            14.2.3.3    Demographic Reach and Achievements
            14.2.3.4    Certifications
        14.2.4    Archer Daniels Midland Company
            14.2.4.1    Company Overview
            14.2.4.2    Product Portfolio
            14.2.4.3    Demographic Reach and Achievements
            14.2.4.4    Certifications
        14.2.5    Others
15    Industry Events and Developments


Additional Customisations Available 

1    Manufacturing Process
    1.1    Overview
    1.2    Detailed Process Flow
    1.3    Operations Involved
2    Project Requirements and Cost Analysis
    2.1    Land, Location and Site Development
    2.2    Construction
    2.3    Plant Machinery
    2.4    Cost of Raw Material
    2.5    Packaging
    2.6    Transportation
    2.7    Utilities
    2.8    Manpower
    2.9    Other Capital Investment


List of Key Figures and Tables

1.    Global Fava Beans Market: Key Industry Highlights, 2016 and 2026
2.    Global Fava Beans Historical Market: Breakup by Application (USD Million), 2017-2021
3.    Global Fava Beans Market Forecast: Breakup by Application (USD Million), 2022-2027
4.    Global Fava Beans Historical Market: Breakup by Distribution Channel (USD Million), 2017-2021
5.    Global Fava Beans Market Forecast: Breakup by Distribution Channel (USD Million), 2022-2027
6.    Global Fava Beans Historical Market: Breakup by Region (USD Million), 2017-2021
7.    Global Fava Beans Market Forecast: Breakup by Region (USD Million), 2022-2027
8.    North America Fava Beans Historical Market: Breakup by Country (USD Million), 2017-2021
9.    North America Fava Beans Market Forecast: Breakup by Country (USD Million), 2022-2027
10.    Europe Fava Beans Historical Market: Breakup by Country (USD Million), 2017-2021
11.    Europe Fava Beans Market Forecast: Breakup by Country (USD Million), 2022-2027
12.    Asia Pacific Fava Beans Historical Market: Breakup by Country (USD Million), 2017-2021
13.    Asia Pacific Fava Beans Market Forecast: Breakup by Country (USD Million), 2022-2027
14.    Latin America Fava Beans Historical Market: Breakup by Country (USD Million), 2017-2021
15.    Latin America Fava Beans Market Forecast: Breakup by Country (USD Million), 2022-2027
16.    Middle East and Africa Fava Beans Historical Market: Breakup by Country (USD Million), 2017-2021
17.    Middle East and Africa Fava Beans Market Forecast: Breakup by Country (USD Million), 2022-2027
18.    Major Importing Countries by Value (2020)
19.    Major Exporting Countries by Value (2020)
20.    Major Importing Countries by Volume (2020)
21.    Major Exporting Countries by Volume (2020)
22.    North America Historical Price Trends and Forecast 2017-2027
23.    Europe Historical Price Trends and Forecast 2017-2027
24.    Asia Pacific Historical Price Trends and Forecast 2017-2027
25.    Latin America Historical Price Trends and Forecast 2017-2027
26.    Middle East and Africa Historical Price Trends and Forecast 2017-2027
27.    Global Fava Beans Market Structure

Key Questions Answered in the Report

The global fava beans market is witnessed a growth at a CAGR of 1% in the historical period of 2017-2021.

The major industry drivers include rising adoption of healthier eating habits, rising disposable incomes, growing middle class population, and the rising consumption of legumes.

The growing awareness about the high nutritional value of fava beans is expected to be a key trend guiding the growth of the industry.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific, with the Asia Pacific accounting for a significant share in the market.

Food and feed, among others, are the leading application segments of the product in the market.

Supermarkets and hypermarkets, convenience stores, speciality stores, and online retailers, among others, are the major distribution channels in the market.

The major players in the industry are BroadGrain Commodities, AGT Food and Ingredients, Simpson Seeds Inc., and Archer Daniels Midland Company, among others.

Analyst Review

The global fava beans market witnessed a growth at a CAGR of 1% in the historical period of 2017-2021. The major drivers of the industry, such as high nutritional value of the product including protein, iron, magnesium, potassium, zinc, copper, selenium, and many vitamins, coupled by the rising disposable income of people, are expected to aid the market growth.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on applications, the market can be segmented into food, feed, and others. By distribution channels, the market is divided into supermarkets and hypermarkets, convenience stores, speciality stores, online retailers, and others. The major regional markets for fava beans are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with the Asia Pacific accounting for the largest share in the market. The key players in the above market include BroadGrain Commodities, AGT Food and Ingredients, Simpson Seeds Inc., and Archer Daniels Midland Company, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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