Global Fava Beans Market to Reach 12.5 Million Tons by 2032, Supported by Rising Intake of Legumes

November 24, 2022 | Food & Beverages

IMARC Group’s latest report, titled “Fava Beans Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032,” finds that the global fava beans market size reached 8.9 Million Tons in 2023. Fava beans, also known as broad and bell beans, refer to one of the most popular bean varieties belonging to the Fabaceae family. They are usually planted as a winter annual in subtropical areas, mainly in North Africa and southwest and south Asia. They can grow in various soil types, but loamy soil is best suited for their proper growth. They are a rich source of essential nutrients, including iron, protein, potassium, magnesium, selenium, zinc, thiamine, and copper. Compared to most legumes, they have a relatively low-fat content with a good amount of dietary fiber and B-complex vitamins. Since they aid in treating Parkinson’s disease and help regulate blood pressure levels, reduce the risk of cardiovascular diseases, and maintain the fluid balance in the body, fava beans have gained immense popularity among individuals. 

Global Fava Beans Market Trends:

The rising intake of legumes due to the changing consumer dietary preferences and widespread adoption of healthier lifestyle habits represents the primary factor driving the market growth. This can be attributed to the growing awareness about the health benefits associated with their regular consumption and the widespread prevalence of various chronic diseases. Additionally, the increasing applications of fava beans in the food industry as an essential ingredient in a wide variety of traditional dishes across numerous regions acts as another growth-inducing factor. For instance, fava bean flour is commonly used to impart volume and excellent texture to bread loaves and pasta while improving their nutritional profile. In line with this, the surging adoption of fava beans as a vegetable and seasoning and in salads, sauces, stews, and fillings in food items has augmented the product demand. Furthermore, the growing popularity of fava beans as a rich source of protein among fitness-conscious consumers has accelerated product adoption rates. Besides this, the emerging trend of veganism and the increasing number of vegetarians have propelled market growth. Other factors, including the rising consumer preferences for organic fava beans, surging health consciousness, increasing applications in the animal feed industry, and easy product availability via organized retail channels, are also providing a positive thrust to the market growth. Looking forward, IMARC Group expects the market volume to reach 12.5 Million Tons by 2032, expanding at a CAGR of 3.7% during 2024-2032. 

Market Summary:

  • On a geographical front, the market has been divided into China, Ethiopia, Australia, France, Morocco, and others.
  • The competitive landscape of the market has also been examined, along with detailed profiles of the key players operating in the industry.
     

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:

IMARC Group
30 N Gould St, Ste 
Sheridan, WY (Wyoming) 82801 USA
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-753-713-2163 | Asia: +91-120-433-0800

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.
Global Fava Beans Market to Reach 12.5 Million Tons by 2032, Supported by Rising Intake of Legumes
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
UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

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
KRISHAK BHARTI CO-OP LTD

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
Stax

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