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Fava Beans Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global fava beans market size reached 8.2 Million Tons in 2021. Looking forward, IMARC Group expects the market to reach 10.6 Million Tons by 2027, exhibiting a growth rate (CAGR) of 4.2% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

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 2022-2027” 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.

1   Preface
2   Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction

    4.1    Overview
    4.2    Key Industry Trends
5   Global Fava Beans Market
    5.1    Market Overview
    5.2    Market Performance
        5.2.1 Volume Trends
        5.2.2 Value Trends
    5.3    Impact of COVID-19
    5.4    Price Analysis
        5.4.1   Key Price Indicators
        5.4.2   Price Structure
        5.4.3   Price Trends    
    5.5    Market Breakup by Region
    5.6    Market Forecast
    5.7    Imports and Exports
    5.8    SWOT Analysis
        5.8.1    Overview
        5.8.2    Strengths
        5.8.3    Weaknesses
        5.8.4    Opportunities
        5.8.5    Threats
    5.9    Value Chain Analysis
        5.9.1    Input Suppliers
        5.9.2    Producers
        5.9.3    Collectors
        5.9.4    Processors
        5.9.5    Distributors
        5.9.6    Retailers/Exporters
        5.9.7    End-Consumers
    5.10    Porter’s Five Forces Analysis
        5.10.1    Overview
        5.10.2    Bargaining Power of Buyers
        5.10.3    Bargaining Power of Suppliers
        5.10.4    Degree of Competition
        5.10.5    Threat of New Entrants
        5.10.6    Threat of Substitutes
    5.11    Key Market Drivers and Success Factors
6   Performance of Key Regions
    6.1    China
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Ethiopia
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Australia
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    France
        6.4.1 Market Trends
        6.4.2 Market Forecast
    6.5    Morocco
        6.5.1 Market Trends
        6.5.2 Market Forecast
    6.6    Others
        6.6.1 Market Trends
        6.6.2 Market Forecast
7    Competitive Structure
8   Fava Beans Processing

    8.1    Product Overview
    8.2    Detailed Process Flow
    8.3    Various Types of Unit Operations Involved
    8.4    Mass Balance and Raw Material Requirements
9   Project Details, Requirements and Costs Involved
    9.1    Land Requirements and Expenditures
    9.2    Construction Requirements and Expenditures
    9.3    Plant Machinery
    9.4    Machinery Pictures
    9.5    Raw Material Requirements and Expenditures
    9.6    Raw Material and Final Product Pictures
    9.7    Packaging Requirements and Expenditures
    9.8    Transportation Requirements and Expenditures
    9.9    Utility Requirements and Expenditures
    9.10   Manpower Requirements and Expenditures
    9.11   Other Capital Investments
10  Loans and Financial Assistance
11  Project Economics

    11.1    Capital Cost of the Project
    11.2    Techno-Economic Parameters
    11.3    Product Pricing and Margins Across Various Levels of the Supply Chain
    11.4    Taxation and Depreciation
    11.5    Income Projections
    11.6    Expenditure Projections
    11.7    Financial Analysis
    11.8    Profit Analysis

List of Figures

Figure 1: Global: Fava Beans Market: Major Drivers and Challenges
Figure 2: Global: Fava Beans Market: Volume Trends (in Million Tons), 2016-2021
Figure 3: Global: Fava Beans Market: Value Trends (in Billion US$), 2016-2021
Figure 4: Fava Beans Market: Price Structure
Figure 5: Global: Fava Beans Market: Average Prices (in US$/Ton), 2016-2021
Figure 6: Global: Fava Beans Market: Breakup by Region (in %), 2021
Figure 7: Global: Fava Beans Market Forecast: Volume Trends (in Million Tons), 2022-2027
Figure 8: Global: Fava Beans Market Forecast: Value Trends (in Billion US$), 2022-2027
Figure 9: Global: Fava Beans Market: Export Volume Trends (in Tons) 
Figure 10: Global: Fava Beans Market: Breakup by Export Volume (in %)
Figure 11: Global: Fava Beans Market: Import Volume Trends (in Tons)
Figure 12: Global: Fava Beans Market: Breakup by Import Volume (in %)
Figure 13: Global: Fava Beans Industry: SWOT Analysis
Figure 14: Global: Fava Beans Industry: Value Chain Analysis
Figure 15: Global: Fava Beans Industry: Porter’s Five Forces Analysis
Figure 16: China: Fava Beans Market (in ‘000 Tons), 2016 & 2021
Figure 17: China : Fava Beans Market Forecast (in ‘000 Tons), 2022-2027
Figure 18: Ethiopia: Fava Beans Market (in ‘000 Tons), 2016 & 2021
Figure 19: Ethiopia: Fava Beans Market Forecast (in ‘000 Tons), 2022-2027
Figure 20: Australia: Fava Beans Market (in ‘000 Tons), 2016 & 2021
Figure 21: Australia: Fava Beans Market Forecast (in ‘000 Tons), 2022-2027
Figure 22: France: Fava Beans Market (in ‘000 Tons), 2016 & 2021
Figure 23: France: Fava Beans Market Forecast (in ‘000 Tons), 2022-2027
Figure 24: Morocco: Fava Beans Market (in ‘000 Tons), 2016 & 2021
Figure 25: Morocco: Fava Beans Market Forecast (in ‘000 Tons), 2022-2027
Figure 26: Others: Fava Beans Market (in ‘000 Tons), 2016 & 2021
Figure 27: Others: Fava Beans Market Forecast (in ‘000 Tons), 2022-2027
Figure 28: Fava Beans Processing: Detailed Process Flow
Figure 29: Fava Beans Processing: Conversion Rate of Feedstocks
Figure 30: Fava Beans Processing Plant: Breakup of Capital Costs (in %)
Figure 31: Fava Beans Industry: Profit Margins at Various Levels of the Supply Chain
Figure 32: Fava Beans Processing Plant: Manufacturing Cost Breakup (in %)

List of Tables

Table 1: Global: Fava Beans Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Fava Beans Market Forecast: Breakup by Region (in ‘000 Tons), 2022-2027
Table 3: Global: Fava Beans Market: Competitive Structure
Table 4: Global: Fava Beans Market: Export Data of Major Countries
Table 5: Global: Fava Beans Market: Import Data of Major Countries
Table 6: Fava Beans Processing Plant: Costs Related to Land and Site Development (in US$)
Table 7: Fava Beans Processing Plant: Costs Related to Civil Works (in US$)
Table 8: Fava Beans Processing Plant: Costs Related to Machinery (in US$)
Table 9: Fava Beans Processing Plant: Raw Material Requirements (in Tons/Day) and Expenditure (US$/Tons)
Table 10: Fava Beans Processing Plant: Costs Related to Salaries and Wages (in US$)
Table 11: Fava Beans Processing Plant: Costs Related to Other Capital Investments (in US$)
Table 12: Details of Financial Assistance Offered by Financial Institutions
Table 13: Fava Beans Processing Plant: Capital Costs (in US$)
Table 14: Fava Beans Processing Plant: Techno-Economic Parameters
Table 15: Fava Beans Processing Plant: Taxation and Depreciation (in US$)
Table 16: Fava Beans Processing Plant: Income Projections (in US$)
Table 17: Fava Beans Processing Plant: Expenditure Projections (in US$)
Table 18: Fava Beans Processing Plant: Cash Flow Analysis Without Considering the Income Tax Liability (in US$)
Table 19: Fava Beans Processing Plant: Cash Flow Analysis on Considering the Income Tax Liability (in US$)
Table 20: Fava Beans Processing Plant: Profit and Loss Account (in US$)


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Key Questions Answered in This Report

The global fava beans market reached a volume of 8.2 Million Tons in 2021.

We expect the global fava beans market to exhibit a CAGR of 4.2% during 2022-2027.

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.

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