The Global Faba Beans Market Report by The Business Research Company covers faba beans market’s drivers and restraints, faba beans market size, major players, and the impact of COVID-19 on the faba beans market.

The faba beans market consists of sales of faba beans. The market consists of revenue generated by establishments that are engaged in the production of faba beans. The faba bean is a common legume cultivated for its edible seeds or beans. Some varieties of faba beans are used as a source of protein for livestock. Faba beans are also widely used in the production of products such as protein powders and custom blends. The companies in the faba beans production distribute their products through various distribution channels to both individual customers and commercial establishments.

The increasing shift towards veganism boosted the growth of the faba beans market during the historic period.

The global faba beans market is expected to grow from $3.06 billion in 2020 to $3.18 billion in 2021 at a compound annual growth rate (CAGR) of 3.77%. The growth is mainly due to the growing demand for natural and plant-based proteins. The fava beans market is expected to reach $3.47 billion in 2025 at a CAGR of 2.19%.

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Some faba beans market trends include major companies focusing on technical advancements of their products in order to cater to the growing need for plant-based proteins. For instance, in 2020, Belgium based Verso Food using wet extrusion, developed a method to manufacture a faba-based food product with a fibrous structure close to cooked meat and chicken. In another instance, in 2019, Netherlands based Multiflour and MPF Germany collaborated to develop a textured faba bean protein with a content of 60% protein which can be alternated as a protein source for meat substitutes and as an adequate alternative for soy.

Global faba beans market segments include:

By Nature: Organic, Conventional

By End-Use: Food Processing, Animal Feed, Nutraceuticals, Sports Nutrition, Infant Nutrition

By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, Specialty Stores, Online Retailers, Others

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia-Pacific accounts for the largest global faba beans market share.

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The Faba Beans Global Market Report 2021: COVID-19 Growth And Change is one of a series of new reports from The Business Research Company that provides faba beans market overviews, analyzes and forecasts market size, share, faba beans market players, faba beans market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.

The faba beans identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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Read Faba Beans Global Market Report 2021: COVID-19 Growth And Change from The Business Research Company for information on the following:

Data Segmentations: Market Size, Global, By Region And By Country; Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries

Market Players Covered: Braskem S.A., ExxonMobil Corporation, Honeywell International Inc., BP PLC, Chevron Phillips Chemical, Merck KGaA, Mitsubishi Gas Chemical Company, US Petrochemical Industries Inc., Braskem, JX Nippon Oil and Energy Corporation, Royal Dutch Shell Plc, Royal Dutch Shell PLC, Reliance Industries Ltd., Koch Industries Inc., Reliance Industries Limited, Samsung Total Petrochemicals, Saudi Arabian Oil Co., SK global chemical Co. Ltd., Fujian Refining & Petrochemical, LG Chem, The Dow Chemical Company, Formosa Plastics Corporation , BASF SE, Huntsman Corporation, TORAY INDUSTRIES, INC.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.

Sourcing and Referencing: Data and analysis throughout the report are sourced using end notes.

Strategies For Participants In The Faba Beans Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.

Opportunities For Companies In The Faba Beans Sector: The report reveals where the global industry will put on most $ sales up to 2023.

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