Faba Beans Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

Faba beans are a type of pulse crop that belongs to the legume family. Because of the high nutritional value of its seeds, which are high in protein and starch, the faba bean is a major food and feeds legume. The seeds can be eaten dry, fresh, frozen, or canned. China, several European countries, Ethiopia, Egypt, and Australia, are the major faba bean-producing countries.

MARKET DYNAMICS

The rising consumer awareness regarding the benefits of consuming faba beans, increasing demand for natural and plant-based proteins, changing consumer behavior, and the interest in faba beans from the nutraceutical sector are some of the main drivers expected to drive the global faba beans market. Further, the transition from traditional manual agricultural practices to the use of automated and modern farming techniques and equipment has resulted in higher yield value, improved faba bean quality, and a variety of other benefits, which are expected to support the growth of the global faba beans market during the assessment period. Furthermore, in the current scenario, consumers are rapidly turning toward veganism or a vegetarian diet across the globe, resulting in a significant increase in demand for plant-based proteins, which will drive demand for faba beans during the forecast period.

MARKET SCOPE

The "Global Faba beans Market Analysis to 2031 " is a specialized and in-depth study of the Food and Beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the faba beans market with detailed market segmentation by category, distribution channel, and geography. The global faba beans market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading faba beans market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global faba beans market is segmented on the basis of category and distribution channel. On the basis of category the global faba beans market is segmented into organic and conventional. Based on distribution channel the global faba beans market is segmented into supermarkets and hypermarkets, convenience stores, online retail, and others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global faba beans market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The faba beans market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the faba beans market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the faba beans market in these regions.

MARKET PLAYERS

The reports cover key developments in the faba beans market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from faba beans market are anticipated to lucrative growth opportunities in the future with the rising demand for faba beans in the global market. Below mentioned is the list of few companies engaged in the faba beans market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the faba beans market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   BI Nutraceuticals
  
•   Alberta Pulse Growers
  
•   Prairie Fava.
  
•   Puris Proteins, LLC.
  
•   Dunns (Long Sutton) Limited
  
•   Sun Impex B.V.
  
•   Nuttee Bean Co.
  
•   Vestkorn Milling AS
  
•   Roquette Frères
  
•   GrainCorp Limited
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Faba Beans Report Scope