Global Fava Beans Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Distribution Channel ;

Offline and Online.

By Application;

Animal Feed and Human Nutrition.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn228864582 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Fava Beans Market (USD Million), 2021 - 2031

In the year 2024, the Global Fava Beans Market was valued at USD 2,949.87 million. The size of this market is expected to increase to USD 3,383.82 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 2.0%.

The global fava beans market has witnessed steady growth in recent years, driven by increasing consumer awareness of the nutritional benefits and versatile culinary applications of fava beans. Fava beans, also known as broad beans, are valued for their high protein content, fiber, and essential nutrients such as folate, manganese, and magnesium. These beans have gained popularity among health-conscious consumers and are often included in vegetarian and vegan diets for their nutrient density and potential health benefits.

One of the key factors driving the growth of the global fava beans market is the rising demand for plant-based protein sources. As more consumers adopt vegetarian and flexitarian diets, fava beans have emerged as a sustainable and nutritious alternative to animal proteins. Their versatility in various cuisines, from traditional Mediterranean dishes to innovative plant-based recipes, further expands their market appeal.

The agricultural adaptability of fava beans contributes to their market growth. They are relatively resilient to harsh growing conditions and can be cultivated in diverse climates, making them a viable crop in many regions around the world. This adaptability not only supports consistent supply but also enhances their accessibility and affordability in the global market. As consumer preferences continue to shift towards healthier and sustainable food choices, the outlook for the fava beans market remains promising, with opportunities for further expansion and product innovation.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Distribution Channel
    2. Market Snapshot, By Application
    3. Market Snapshot, By Region
  4. Global Fava Beans Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Health benefits
        2. Rising plant-based diets
        3. Sustainable agriculture
      2. Restraints
        1. Allergen concerns
        2. Cultural preferences
        3. Processing challenges
      3. Opportunities
        1. Food industry expansion
        2. Growing vegan market
        3. Functional food appeal
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Fava Beans Market, By Distribution Channel , 2021 - 2031 (USD Million)
      1. Offline
      2. Online
    2. Global Fava Beans Market, By Application, 2021 - 2031 (USD Million)
      1. Animal Feed
      2. Human Nutrition
    3. Global Fava Beans Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Hodmedod's
      2. Ceres Organics
      3. Goya Foods
      4. Westbrae Natural
      5. Biona Organic
      6. Del Monte Foods
      7. Eden Foods
      8. Birds Eye
      9. Jyoti Natural Foods
      10. Amy's Kitchen
  7. Analyst Views
  8. Future Outlook of the Market