Fava Beans Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast ​2024-2032​

Fava Beans Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast ​2024-2032​

Report Format: PDF+Excel | Report ID: SR112024A663
Buy Now

Market Overview:

The global fava beans market size reached 8.9 Million Tons in 2023. Looking forward, IMARC Group expects the market to reach 12.5 Million Tons by 2032, exhibiting a growth rate (CAGR) of 3.7% during 2024-2032. The rising prevalence of obesity, diabetes, and hypertension, increasing awareness among the masses about the nutritional content of fava beans, and the widespread adoption of veganism and vegetarianism worldwide are some of the major factors propelling the market.

Report Attribute
Key Statistics
Base Year
Forecast Years
Historical Years
Market Size in 2023 8.9 Million Tons
Market Forecast in 2032 12.5 Million Tons
Market Growth Rate 2024-2032 3.7%

Fava beans, scientifically known as Vicia faba, are a type of legume characterized by their large, flat, and elongated seeds enclosed in thick, leathery pods. They are fortified with essential nutrients, including protein, dietary fiber, vitamins, such as folate and vitamin K, and minerals like iron, potassium, and magnesium. They also contain antioxidants like flavonoids and polyphenols, which help combat oxidative stress and reduce the risk of chronic diseases. Their fiber content supports digestive health, helps regulate blood sugar levels, and contributes to cardiovascular health by reducing cholesterol levels and supporting healthy blood pressure. Their regular and moderate consumption facilitate red blood cell production and aid in preventing iron-deficiency anemia. In addition, vitamin K and magnesium in fava beans improve bone health and help prevent osteoporosis. They are used in various culinary preparations, including soups, stews, and salads to add a unique nutty flavor to dishes.

The rising prevalence of obesity, diabetes, and hypertension is catalyzing the demand for products formulated with fava beans. Apart from this, the expansion of hotels, restaurants, and cafes, coupled with the inclusion of fava beans in various dishes and beverages, is augmenting the market growth. Furthermore, food manufacturers are continually expanding their product portfolio by incorporating fava beans into new and exciting products, such as fava-based pasta, chips, and snacks, to attract a wider consumer base. Moreover, the easy availability of products infused with fava beans through online distribution channels is supporting the market growth. Besides this, ongoing research into fava bean cultivation, breeding, and processing techniques is leading to improved crop yields and product quality, which is supporting the market growth. In addition, the increasing international trade and rise in export activities are offering lucrative opportunities to farmers and suppliers of fava beans to reach global markets.

Fava Beans Market Trends/Drivers:

Increasing demand for plant-based protein

The shifting consumer preferences for plant-based diets due to concerns about health, sustainability, and animal welfare represents one of the key factors catalyzing the demand for fava beans. Additionally, the rising adoption of veganism and vegetarianism is driving the demand for plant-based products like fava beans. Apart from this, the increasing awareness among individuals about the health benefits associated with reducing meat consumption is offering a favorable market outlook. Moreover, the environmental impact of meat production, including greenhouse gas emissions and land use, is encouraging consumers and food producers to explore sustainable protein alternatives. Fava beans are recognized for their ability to fix nitrogen in the soil, reducing the need for synthetic fertilizers. Furthermore, the rising prevalence of bird flu worldwide is driving the demand for plant-based proteins.

Health and nutritional awareness

The rising awareness among the masses about the nutritional content of fava beans is driving their demand across the globe. Fava beans are packed with folate, which supports cell division and the prevention of neural tube defects during pregnancy. Additionally, the increasing participation of individuals in fitness activities and the escalating demand for high protein intake are favoring the market growth. Apart from this, the rising prevalence of digestive health issues is catalyzing the demand for fava beans as they contain dietary fiber that promotes digestive health by aiding in regular bowel movements and supporting gut microbiota. Furthermore, the increasing number of people looking to manage their weight and reduce their saturated fat intake is propelling the market growth. Moreover, the expansion of gyms, aerobic centers, and Zumba classes across the globe is creating a positive market outlook.

Sustainable agriculture and crop rotation

The rising emphasis of individuals and farmers on sustainable agriculture practices and crop rotation is another major factor strengthening the growth of the market. Fava beans, as a leguminous crop, have nitrogen-fixing capability that eliminates the need for synthetic nitrogen fertilizers, which contribute to various environmental issues, such as water pollution and greenhouse gas emissions. Apart from this, farmers and agricultural organizations are increasingly recognizing the ecological benefits of incorporating fava beans into crop rotation systems, which is augmenting the market growth. Crop rotation is a time-tested practice that involves alternating different crops on the same piece of land over sequential growing seasons. Additionally, the escalating demand for products that are produced in environmentally responsible ways is creating a positive market outlook. Moreover, several bean companies are collaborating with local farmers and agricultural communities to promote sustainable farming practices. This includes providing training and resources to farmers to improve crop management and reduce environmental impact.

Fava Beans Industry Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global fava beans market report, along with forecasts at the global, regional and country levels for 2024-2032.

Breakup by Region:

  • China
  • Ethiopia
  • Australia
  • France
  • Morocco
  • Others

China exhibits a clear dominance, accounting for the largest fava beans market share

The market research report has also provided a comprehensive analysis of all the major regional markets, which include China, Ethiopia, Australia, France, Morocco, and others. According to the report, China accounted for the largest market share due to its diverse geography and favorable climate conditions. Additionally, the availability of vast landmass in Yunnan, Sichuan, and Heilongjiang are well-suited for fava bean cultivation. These regions experience moderate temperatures, sufficient rainfall, and fertile soil, which creates an ideal environment for fava bean growth. Apart from this, China has well-developed logistics networks, including ports and distribution centers, which facilitate the smooth flow of fava beans from Chinese farms to consumers worldwide. Moreover, Chinese farmers and agricultural experts are committed to continuous improvement in fava bean cultivation. They rely on advanced farming techniques, such as precision agriculture and eco-friendly pest control methods, to increase yields while minimizing environmental impact. Furthermore, they remain proactive in adapting to evolving market demands. They invest in research and development (R&D) activities to create fava bean varieties that are high-yielding and disease-resistant, addressing the challenges of sustainable farming while meeting consumer preferences. In addition, the government of the country provides support and incentives to encourage sustainable agriculture practices and research. This support includes subsidies, access to modern farming technologies, and initiatives to promote agricultural sustainability.

Competitive Landscape:

Fava bean companies are actively involved in cultivating and farming fava beans. They are continuously investing in agricultural practices to optimize yields, enhance crop quality, and ensure sustainable farming methods. Additionally, they are expanding their product offerings beyond traditional fava bean varieties like fava bean snacks, spreads, and fava-based protein products to cater to diverse consumer preferences. Apart from this, they are implementing rigorous testing and quality control measures at every stage of production to ensure the safety and quality of their products. Moreover, many companies are focusing on the adoption of sustainable farming practices, packaging materials, and supply chain optimizations to minimize their carbon footprint. Furthermore, many companies are actively engaged in corporate social responsibility (CSR) initiatives focused on sustainability and supporting reforestation projects to reduce water usage in farming. They are also focusing on zero-waste production processes to align with environmental goals. In addition, various companies are actively involved in educating consumers about the nutritional benefits and culinary versatility of fava beans. This includes providing recipes, cooking tips, and nutritional information to encourage broader consumption.

The report has provided a comprehensive analysis of the competitive landscape in the market. Detailed profiles of all major companies have also been provided.

Fava Beans Market Report Scope:

Report Features Details
Base Year of the Analysis 2023
 Historical Period 2018-2023
Forecast Period 2024-2032
Units Million Tons, Billion US$
Scope of the Report Exploration of Historical and Forecast Trends, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment: 
  • Region
Regions Covered China, Ethiopia, Australia, France, Morocco, Others
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Benefits for Stakeholders:

  • IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the fava beans market from 2018-2032.
  • The research report provides the latest information on the market drivers, challenges, and opportunities in the global fava beans market.
  • The study maps the leading, as well as the fastest-growing, regional markets.
  • Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the fava beans industry and its attractiveness.
  • Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.

Key Questions Answered in This Report

The global fava beans market reached a volume of 8.9 Million Tons in 2023.

We expect the global fava beans market to exhibit a CAGR of 3.7% during 2024-2032.

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 fava beans.

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.

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
Fava Beans Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast ​2024-2032​
Purchase options

Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Get in Touch With Us

Phone: +1-631-791-1145


Phone: +91-120-433-0800


Phone: +44-753-713-2163

Email: sales@imarcgroup.com

Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Greenfish S.A.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More