Global Faba Beans Market Size, Forecasts, And Opportunities
Learn about the global faba beans market through The Business Research Company, which provides information on faba beans market size, faba beans market drivers and restraints, faba beans market players, the COVID-19 impact on the faba beans market, and more.
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 faba beans market is expected to reach $3.47 billion in 2025 at a CAGR of 2.19%.
The increasing shift towards veganism is expected to drive innovation in faba beans, thus driving the market during the forecast period.
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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.
Global fava 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 was the largest region in the faba beans market in 2020.
Major companies in the market are focusing on technical advancements of their products in order to cater to the growing need for plant-based proteins.
TBRC’s fava beans market report covers:
Major Market Players: Prairie Fava, Unigrain, Roland Beans, Aviip Group, Alberta Pulse Growers, Stamp Seeds, Riddell Seed Co., and Pawnee Buttes Seed 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)
The Faba Beans Global Market Report 2021: COVID-19 Growth And Change to 2030 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, leading competitor revenues, profiles and market shares.
TBRC’s faba beans market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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