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.
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:
- What are the market trends for the global fava beans market?
- Which are the biggest markets (regions) for fava beans?
- Who are the key processors in the fava beans market?
- What are the land and construction requirements to start a fava beans manufacturing plant?
- What are the machinery requirements to start a fava beans processing plant?
- How are fava beans priced? What are the profit margins at various stages of the supply chain?
- What is the total capital investment required to start a fava beans processing plant?
- What are the running costs of a fava beans manufacturing plant?
- How much revenue can a fava beans manufacturing plant generate?
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.