Fava Bean Market Size and Share

Fava Bean Market Summary
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Fava Bean Market Analysis by Mordor Intelligence

The global fava bean market size reached USD 4.10 billion in 2024 and is forecast to climb to USD 4.79 billion by 2030, advancing at a 3.2% CAGR over 2025-2030. Steady momentum reflects rising demand for sustainable proteins, expanding feed inclusion in poultry and aquaculture, and rotational benefits that cut nitrogen fertilizer costs. The Asia-Pacific region holds the lion’s share of consumption, while the Middle East records the fastest growth, as governments prioritize food security and domestic protein production. Plant-based protein demand has catalyzed significant investments, with BENEO inaugurating a USD 65 million pulse processing facility in Germany in April 2025 to enhance fava bean protein extraction capabilities. Simultaneously, companies like Burcon NutraScience launched FavaPro, a 90% pure fava bean protein isolate, targeting the clean-label protein market. Key market risks include climate-related production volatility, with drought sensitivity affecting yield stability across major growing regions, and regulatory uncertainties surrounding vicine and convicine content limits in feed applications. The absence of established commodity futures markets for fava beans creates price volatility that challenges long-term supply agreements, while emerging carbon credit schemes present both opportunities for premium pricing and compliance complexities. Trade policy shifts, including China's 10% tariff on US agricultural goods and 100% tariff on Canadian peas, are reshaping global pulse trade flows and creating new arbitrage opportunities.

Key Report Takeaways

  • By geography, Asia-Pacific led the fava bean market share in 2024, accounting for 47.2% of total consumption. The Middle East fava bean consumption value is projected to expand at a 6.9% CAGR through 2030.

Geography Analysis

Asia-Pacific commands 47.2% of the global fava bean market in 2024, supported by China’s 30% share of world output and entrenched culinary traditions such as doubanjiang and steamed broad bean snacks. Domestic processors now shift toward high-margin isolates, reinforcing regional value capture. Australia strengthens its dual role as producer and exporter, pushing cultivation northward with new climate-resilient varieties and leveraging port capacity expansions to meet Middle Eastern import demand. Asia-Pacific’s logistical edge and integrated supply chains translate into stable pricing, yet heat stress episodes in northern China pose an emerging risk.

Europe blends rising local production with persistent import reliance that exposes processors to external shocks. Imports originate mainly from Egypt at 38%, Australia at 18%, and Ukraine at 11%, underscoring the need for diversified sources. The European Union protein strategy pushes acreage growth via eco-scheme payments, and Germany hosts the BENEO plant that boosts continental processing capacity. Despite policy momentum, agronomic hurdles such as fungal disease pressure and cool-season rainfall variability temper production gains. The region’s emphasis on clean-label proteins keeps demand resilient even when harvest volumes fluctuate, sustaining import channels.

The Middle East posts the fastest regional CAGR at 6.9%, fueled by strategic food security plans and deep cultural affinity for dishes like ful medames. Egypt advances as both a supplier to Europe and a large domestic consumer, investing in value-added processing to raise export revenue. Turkey promotes pulse diversification to reduce cereal dependence amid volatile grain markets. Water scarcity and heatwaves challenge yields, driving interest in drought-tolerant lines and expanded irrigation schemes. The region’s import dependency on Australian and European beans underlines the growing linkage between Mediterranean weather and local availability, reinforcing the case for localized production expansion.

Fava Bean Market CAGR (%), Growth Rate by Region
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Recent Industry Developments

  • August 2024: GRDC announced a renewed national Fava Bean Breeding Program in 2025, consolidating efforts with the University of Adelaide. The initiative aimed to deliver higher-yielding, disease-resistant varieties suited to diverse Australian regions, while adopting new technologies to future-proof breeding.
  • March 2024: Prairie Fava, DL Seeds, and Three Farmers initiated a CAD 13.2 million (USD9.7 million) project, co-funded by Protein Industries Canada, to develop improved fava bean varieties for snack foods and plant-based ingredients. The project strengthens Canada's fava bean supply chain by combining breeding, processing, and product development activities.
  • January 2024: Virginia Tech, along with partner universities, received a USD 2.7 million USDA grant to develop fava beans as a climate-resilient cover and cash crop in the U.S. mid-Atlantic region. The research focuses on breeding high-protein, flavorful fava bean varieties while enhancing soil health and implementing sustainable farming practices.

Table of Contents for Fava Bean Industry Report

1. Introduction

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. Research Methodology

3. Executive Summary

4. Market Landscape

  • 4.1 Market Overview
  • 4.2 Market Drivers
    • 4.2.1 Plant-based protein demand surge
    • 4.2.2 Rising feed inclusion in poultry and aquaculture
    • 4.2.3 Cost savings from nitrogen-fixing rotation
    • 4.2.4 Government pulse-crop incentives
    • 4.2.5 Commercialization of protein isolates for sports nutrition
    • 4.2.6 Emerging carbon-credit schemes
  • 4.3 Market Restraints
    • 4.3.1 Rising fungal diseases
    • 4.3.2 Heat and drought sensitivity
    • 4.3.3 Vicine and convicine limits in poultry feed
    • 4.3.4 Absent commodity futures market drives volatility
  • 4.4 Regulatory Landscape
  • 4.5 Technological Outlook
  • 4.6 Value / Supply Chain Analysis
  • 4.7 PESTLE Analysis

5. Market Size and Growth Forecasts

  • 5.1 Geography (Production Analysis, Consumption Analysis by Value and Volume, Import Analysis by Value and Volume, Export Analysis by Value and Volume, and Price Trend Analysis)
    • 5.1.1 North America
    • 5.1.1.1 United States
    • 5.1.1.2 Canada
    • 5.1.1.3 Mexico
    • 5.1.2 Europe
    • 5.1.2.1 Germany
    • 5.1.2.2 United Kingdom
    • 5.1.2.3 France
    • 5.1.2.4 Russia
    • 5.1.2.5 Italy
    • 5.1.2.6 Spain
    • 5.1.2.7 Sweden
    • 5.1.3 Asia-Pacific
    • 5.1.3.1 China
    • 5.1.3.2 Japan
    • 5.1.3.3 Australia
    • 5.1.4 South America
    • 5.1.4.1 Argentina
    • 5.1.4.2 Peru
    • 5.1.4.3 Brazil
    • 5.1.5 Middle East
    • 5.1.5.1 Turkey
    • 5.1.5.2 Egypt
    • 5.1.6 Africa
    • 5.1.6.1 Ethiopia
    • 5.1.6.2 Sudan
    • 5.1.6.3 Morocco

6. Competitive Landscape

  • 6.1 List of Stakeholders
    • 6.1.1 ADM
    • 6.1.2 Cargill, Incorporated
    • 6.1.3 AGT Food and Ingredients Inc.
    • 6.1.4 Louis Dreyfus Company
    • 6.1.5 Bunge
    • 6.1.6 ETG Commodities (Export Trading Group)
    • 6.1.7 GrainCorp
    • 6.1.8 Broadgrain
    • 6.1.9 Roquette Freres
    • 6.1.10 NutriS Ltd.

7. Market Opportunities and Future Outlook

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Global Fava Bean Market Report Scope

Fava beans are the edible seeds of the legume crop Vicia faba, otherwise known as faba beans, horse beans, or broad beans. 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 across the globe. The market is segmented by geography into North America, Europe, Asia-Pacific, South America, and Africa. The report offers the market size and forecasts in terms of volume in (metric tons) and value in (USD) for all the above segments.

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

What is the current global value of the fava bean market?

The worldwide fava bean market was valued at USD 4.10 billion in 2024 and continues to rise in 2025.

What compound annual growth rate is forecast for fava bean sales through 2030?

Analysts project a 3.2% CAGR between 2025 and 2030, lifting sales to roughly USD 4.79 billion by the end of the period.

Which region consumes the most fava beans today?

Asia-Pacific leads demand with 47.2% of global consumption due to China's dominant output and strong culinary traditions.

Where is consumption expanding the fastest?

The Middle East shows the quickest pace, with sales expected to advance at a 6.9% CAGR through 2030 as governments push food security and domestic protein sourcing.

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