The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.
The global fava beans market size reached 8.6 Million Tons in 2022. Looking forward, IMARC Group expects the market to reach 11.0 Million Tons by 2028, exhibiting a growth rate (CAGR) of 4.11% during 2023-2028.
Also known as broad beans, fava beans are a member of the pea family which were first found to be cultivated around 10,000 years ago in the Middle East. Usually planted as a winter annual in subtropical areas, they are a good source of iron, potassium, magnesium, selenium, zinc and copper. In addition, protein levels in fava beans may vary depending on their variety and the environmental conditions. These beans can grow in a wide variety of soil types but loamy soil is best suited for their growth. In comparison to most legumes, fava beans have relatively low fat content with a good amount of dietary fibre and B-complex vitamins. Factors such as growing population, rising disposable incomes, adoption of healthier food habits and growing intake of legumes, particularly in emerging countries are currently driving the growth of the fava beans market.
IMARC’s latest study “Fava Beans Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” has segmented the market on the basis of key regions. Currently, China represents the largest producer of fava beans accounting for more than one-third of the global production. The report has also covered some of the key exporting and importing countries in the global fava beans market. Australia represents the biggest exporter accounting for more than 40% of the total global export volumes. Australia is followed by France, United Kingdom, Ethiopia, the United States, Egypt, China, Canada, Lithuania and Latvia. Among the top importing countries, Egypt represents the biggest importer of fava beans accounting for around 70% of the total global import volumes. Egypt is followed by Saudi Arabia, Sudan, Norway, Canada, Indonesia, Spain, United Arab Emirates, France and Italy.
The report provides a comprehensive analysis for setting up a fava beans processing plant. The study covers all the requisite aspects of the fava beans industry and provides an in-depth analysis of the market, industry performance, processing and manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who are planning to foray into the fava beans market in any manner.
The global fava beans market reached a volume of 8.6 Million Tons in 2022.
We expect the global fava beans market to exhibit a CAGR of 4.11% during 2023-2028.
The growing demand for fava beans among the increasing number of vegetarians as they have high
protein content and offer several health benefits is primarily driving the global fava beans market.
The sudden outbreak of the COVID-19 pandemic has led to the changing consumer inclination from
conventional brick-and-mortar distribution channels towards online retail platforms for the purchase of
On a regional level, based on the production the market has been classified into China, Ethiopia,
Australia, France, Morocco, where China currently dominates the global market.
White Wine Market by Product Type (Riesling, Gewürztraminer, Chardonnay, Sauvignon Blanc, Chenin Blanc, Grüner Veltliner, Moscato, Pinot Grigio, and Others), Body Type (Light Bodied, Medium Bodied, Full-Bodied), Sweetness Level (Dry, Semi-Sweet, Sweet), Sales Channel (Modern Trade, Grocery Store, Convenience Stores, E-Commerce, and Others), and Region - 2023-2028
Hemp Milk Market by Variant (Flavored, Unflavored), Type (Sweetened, Unsweetened), Category (Organic, Conventional), Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Specialty Stores, Online Stores), and Region - 2023-2028
Rapeseed Oil Market by Type (Processed, Virgin), Nature (Organic, Conventional), Distribution Channel (Supermarkets and Hypermarkets, Online Stores, Specialty Stores, Retail Stores, and Others), Application (Food Processing, Bio-Fuel, Cosmetics and Personal Care, and Others), and Region - 2023-2028
Modified Starch Market by Raw Material (Corn, Cassava, Wheat, Potato, and Others), Type (Starch Esters and Ethers, Resistant, Cationic, Pre-gelatinized, and Others), Function (Thickeners, Stabilizers, Binders, Emulsifiers, and Others), Application (Food and Beverages, Animal Feed, Paper, Pharmaceuticals, Textiles, and Others), and Region 2023-2028
REACH OUT TO US
Call us on
( US: +1-631-791-1145 )
( UK: +44-753-713-2163 )
( India: +91 120 433 0800 )
Drop us an email at