Fava Bean Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Fava Bean Market includes Production Analysis (Volume), Consumption Analysis (Value and Volume), Export Analysis (Value and Volume), Import Analysis (Value and Volume), and Price Trend Analysis of pea across the globe. The market is segmented by Geography into North America, Europe, Asia-Pacific, South America, and Africa.

Market Snapshot

Fava Bean Market Bar Graph
Study Period: 2016 - 2026
Base Year: 2020
CAGR: 4 %

Need a report that reflects how COVID-19 has impacted this market and its growth?

Market Overview

The global fava bean market is projected to register a CAGR of 4.0% during the forecast period (2021-2026). Due to Covid-19, there has been a labor shortage in the agriculture industry due to movement restrictions and difficulties in importing and exporting agriculture products as the whole supply chain is affected, including producers, broker, and transport companies. Fava bean contains various vitamins, minerals like iron, magnesium and phosphorous, fiber, protein and offers impressive health benefits. The drive towards maintaining a healthy lifestyle by way of healthy eating trends coupled with the increasing awareness about the benefits associated with fava beans has spurred market growth. Today, fava beans are part of Asian, Middle Eastern, European, South American, and African cuisines as they're an excellent and versatile addition to a healthy, balanced diet. It is considered effective in maintaining blood pressure, boosting the immune system, and improving bone health in the human body. Fava bean flour is also used in the production of bread and pasta which drives the global fava bean market. Continuous volatility in fava beans prices hinders the growth of the global fava beans market.

Scope of the Report

Fava bean or faba bean is a species of flowering plant in the pea and bean family Fabaceae. The Fava Bean Market includes Production Analysis (Volume), Consumption Analysis (Value and Volume), Export Analysis (Value and Volume), Import Analysis (Value and Volume), and Price Trend Analysis of pea across the globe. The market is segmented by Geography into North America, Europe, Asia-Pacific, South America, and Africa. 

Geography (Production Analysis, Consumption Analysis by Value & Volume, Import Analysis by Value & Volume, Export Analysis by Value & Volume and Price Trend Analysis)
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Russia
Spain
Sweden
Italy
Asia-Pacific
China
Japan
Australia
Iran
South America
Argentina
Peru
Brazil
Africa
Ethiopia
Egypt
Sudan
Morocco

Report scope can be customized per your requirements. Click here.

Key Market Trends

Growing Demand for Nutritional Food

The high nutritional benefits and also increase accessibility and availability of fava bean through organized retailing have been one of the primary drivers of the global fava bean market. Healthy eating trends around the world are promoting the consumption of foods that are rich in nutrients. Thus, the demand for fava bean is increasing among health-conscious consumers, thereby promoting the growth of the global fava beans market. The rapidly growing vegan population on a global level as a result of increasing concerns regarding cardiovascular disorders associated with red meat is expected to remain a favorable factor for the market. These beans are positioned as a rich source of protein which has resulted in increased demand from fitness-conscious consumers.

Fava Bean Market Trends

China - The Largest Fava Beans Producing Country

In China, the fava bean production was 2.2 million metric ton in 2019. China accounted for 40.0% of the global fava bean production in 2019. It is widely used in Sichuan cuisine and also it is called Sichuan beans in Chinese. It is used as a vegetable and also as a seasoning. Growing consumption of roasted seeds as a low-fat snack in India and neighboring countries is among the factors driving demand in the region. With reduced profits for food legume crops, their area and production have decreased within China. At the same time, the rising consumer demand for vegetable food legumes as a healthy food has led to attractive market prices and sharp increases in production within the country. With the advantages of short growing periods and biological nitrogen fixation (BNF), legumes are playing an important role in the cropping systems of China. As ideal intercrops, legumes can increase crop yields and the economic benefits of the intercropping systems to meet the increasing demand for food.

Fava Bean Market Growth

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Fava Bean Market Value Chain Analysis

      1. 4.4.1 Value Chain Overview

      2. 4.4.2 Price Markup in the Value Chain

  5. 5. MARKET SEGMENTATION

    1. 5.1 Geography (Production Analysis, Consumption Analysis by Value & Volume, Import Analysis by Value & Volume, Export Analysis by Value & Volume and Price Trend Analysis)

      1. 5.1.1 North America

        1. 5.1.1.1 United States

        2. 5.1.1.2 Canada

        3. 5.1.1.3 Mexico

      2. 5.1.2 Europe

        1. 5.1.2.1 Germany

        2. 5.1.2.2 United Kingdom

        3. 5.1.2.3 France

        4. 5.1.2.4 Russia

        5. 5.1.2.5 Spain

        6. 5.1.2.6 Sweden

        7. 5.1.2.7 Italy

      3. 5.1.3 Asia-Pacific

        1. 5.1.3.1 China

        2. 5.1.3.2 Japan

        3. 5.1.3.3 Australia

        4. 5.1.3.4 Iran

      4. 5.1.4 South America

        1. 5.1.4.1 Argentina

        2. 5.1.4.2 Peru

        3. 5.1.4.3 Brazil

      5. 5.1.5 Africa

        1. 5.1.5.1 Ethiopia

        2. 5.1.5.2 Egypt

        3. 5.1.5.3 Sudan

        4. 5.1.5.4 Morocco

  6. 6. MARKET OPPORTUNITIES AND FUTURE TRENDS

  7. 7. AN ASSESSMENT OF COVID-19 IMPACT ON THE MARKET

**Subject to Availability

You can also purchase parts of this report. Do you want to check out a section wise price list?

Frequently Asked Questions

The Fava Bean Market market is studied from 2016 - 2026.

The Fava Bean Market is growing at a CAGR of 4% over the next 5 years.

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please enter a valid email id!

Please enter a valid message!