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. During 2014-2018, the global fava beans production grew at a CAGR of around 1%. The market is currently being driven by its nutritional value as it is a good source of iron, magnesium, potassium, zinc, copper, selenium and many vitamins. This report by Expert Market Research entitled “Fava Beans Market Report and Forecast 2019-2024” provides a comprehensive analysis for anyone who plans to foray into the fava beans market.
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Historical market trends for the fava beans industry have been provided from 2014-2018 and forecasts have been presented till 2024. On a regional level, the report has segmented the global fava beans market into the following regions – South America, Asia-Pacific, Europe and the Middle East and Africa. Asia-Pacific currently represents the largest market with China being the leading producer, accounting for 36.7% of the global production in 2018. China is followed by Ethiopia, Australia and France. With regard to export and import of fava beans, Australia represents the top exporter while Egypt represents the top importer in 2018.
The value chain analysis of fava beans has also been covered in this report encompassing all the activities in the value chain such as procurement, manufacturing, sales and distribution. Furthermore, the study assesses the market based on Porter’s five forces model, which evaluates the level of competition in the market by analyzing factors such as bargaining power of buyers and suppliers, threat from substitutes and new entrants. A thorough evaluation of the competitive landscape of the fava beans industry has also been provided. Some of the key players in this market include: Oxbo International, Kangle County Jinzhong Agricultural Product Industry Development, Nassar Corporation, Orient Group, etc.
This report provides an exhaustive insight for setting-up and running a fava beans processing plant. Factors such as land requirement, construction requirement, raw material requirement, labor requirement, machinery requirement, manufacturing process, utility requirement, total capital investment, total operating costs, prices, income projections, expenditure projections, profit margins, net present value, return on investment, payback period, etc. have been comprehensively covered in this report.
The following are the key questions answered by this report:
In order to prepare this research report, Expert Market Research conducted face to face and telephonic interviews with numerous industry participants in the fava beans industry. They included manufacturers, distributors, end users, consultants, marketing professionals, researchers, etc. Primary research accounted for the bulk of the research efforts, complemented by an extensive secondary research. Secondary sources included annual reports, press releases, books, journals, white papers, newspapers, magazines, government sources and various proprietary databases.
Expert Market Research uses its comprehensive database of macroeconomic and industry specific data to produce its market forecasts. The initial baseline forecast is produced with the most recent market data. After an initial baseline forecast, all future macroeconomic and sector-specific events and assumptions are taken into account to generate the final forecast.
Chapter 1 Preface
1.1 Research Methodology and Market Definitions
1.3 Report Summary
Chapter 2 Global Fava Beans Market: Industry Overview
2.1 Key Factors Driving the Fava Beans Industry
2.2 Market Trends
2.3 Market Breakup by Region
2.3.1 Asia Pacific
2.3.2 Middle East and Africa
2.3.3 South America
2.4 SWOT Analysis
2.5 Value Chain Analysis
2.6 Imports and Exports
2.7 Market Outlook
Chapter 3 Porters five forces Analysis
3.1 Bargaining Power of Suppliers
3.2 Bargaining Power of Buyers
3.3 Threat of New Entrants
3.4 Threat of Substitutes
3.5 Degree of Competition
Chapter 4 Competitive Landscape
4.1 Competitive Structure
4.2 Market Breakup by Key Players
4.3 Key Player Profiles
4.3.1 AGT Foods and Ingredients
4.3.3 Simpson Seeds Inc.
4.3.4 ADM Benson Quinn
4.3.5 Cargill Foods
4.3.6 Eastern Health & Organic Foods
4.3.7 Victoria Foods Pvt. Ltd.
4.3.8 Solen Food Industry and Trade Inc.
Chapter 5 Setting Up a Fava Beans Processing Plant
5.1 Key Success and Risk Factors for Processing Fava Beans
5.2 Products Manufactured
5.3 Process Involved
5.4 Process Flow
5.5 Raw Material Requirements and Mass Balance
Chapter 6 Capital Investments
6.1 Land Requirements and Investment
6.2 Construction Requirements and Investment
6.3 Machinery Requirements and Investment
6.4 Other Capital Requirements and Investment
Chapter 7 Operating Expenditures
7.1 Raw Material Requirements and Expenditures
7.2 Packaging Requirements and Costs
7.3 Labour Requirements and Costs
7.4 Transportation Requirements and Costs
7.5 Utility Requirements and Costs
7.6 Financial Support
7.7 Other Operating Expenditures
Chapter 8 Project Economics
8.1 Techno-Economic Parameters
8.2 Product Pricing and Margins
8.3 Income Projections
8.4 Expenditure Projections
8.7 Financial Analysis
List of Figures
Figure 2 1: Global Fava Beans Market: Production Volume Trend (in Million Tons), 2014-2018
Figure 2 2: Global Fava Beans Market: Production Volume Breakup by Country (in %), 2018
Figure 2 3: Global Fava Beans Market: Value Chain Analysis
Figure 2 4: Global Fava Beans Market: Import Volume Breakup by Country (in %), 2018
Figure 2 5: Global Fava Beans Market: Import Volume Trend (in Tons), 2014-2018
Figure 2 6: Global Fava Beans Market: Export Volume Breakup by Country (in %), 2018
Figure 2 7: Global Fava Beans Market: Export Volume Trend (in Tons), 2014-2018
Figure 2 8: Global Fava Beans Market Forecast: Production Volume (in Million Tons), 2019-2024
Figure 4 1: Global Fava Beans Market: Breakup of Key Players (in %), 2018
Figure 5 1: Fava Beans Processing Plant: Detailed Process Flow
Figure 5 2: Fava Beans Processing Plant: Various Types of Unit Operations Involved
Figure 5 3: Fava Beans Processing Plant: Conversion Rate of Feedstocks
Figure 6 1: Fava Beans Processing Plant: Breakup of Capital Costs (in %)
Figure 7 1: Fava Beans Processing Plant: Fava Beans Packaging
Figure 8 1: Fava Beans Processing Plant: Breakup of Operating Costs (in %)
List of Tables
Table 2 1: Global Fava Beans Market: Import of Major Countries, 2018
Table 2 2: Global Fava Beans Market: Export of Major Countries, 2018
Table 6 1: Fava Beans Processing Plant: Capital Costs (in USD)
Table 6 2: Fava Beans Processing Plant: Land Requirements and Costs (in USD)
Table 6 3: Fava Beans Processing Plant: Construction Requirements and Costs (in USD)
Table 6 4: Fava Beans Processing Plant: Machinery Requirements and Costs (in USD)
Table 6 5: Fava Beans Processing Plant: Other Capital Costs (in USD)
Table 7 1: Fava Beans Processing Plant: Raw Material Requirements and Costs (in Tons/Year)
Table 7 2: Fava Beans Processing Plant: Labour Requirements and Costs (in USD)
Table 7 3: Fava Beans Processing Plant: Utility Requirements and Costs (in USD)
Table 7 4: Overview of Financial Support
Table 8 1: Fava Beans Processing Plant: Various Techno-Economic Parameters
Table 8 2: Fava Beans Processing Plant: Income Projections (in USD)
Table 8 3: Fava Beans Processing Plant: Expenditure Projections (in USD)
Table 8 4: Fava Beans Processing Plant: Cash Flow Analysis (Without Considering Taxes)
Table 8 5: Fava Beans Processing Plant: Cash Flow Analysis (On Considering Taxes)
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