The faba beans global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Faba Beans Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The faba beans market size has grown steadily in recent years. It will grow from $3.41 billion in 2023 to $3.51 billion in 2024 at a compound annual growth rate (CAGR) of 2.9%. The growth in the historic period can be attributed to traditional food production, microbiome and gut health, food preservation, ethnic and cultural foods, nutritional benefits.
The faba beans market size is expected to see steady growth in the next few years. It will grow to $4.09 billion in 2028 at a compound annual growth rate (CAGR) of 3.9%. The growth in the forecast period can be attributed to sustainability and eco-friendly production, plant-based fermentation, clean label and natural ingredients, export opportunities, plant-based fermentation. Major trends in the forecast period include innovative fermented ingredients, personalized nutrition, probiotic and gut health focus, artisanal and craft fermentation, technological advancement .
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Scope Of Faba Beans Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Faba Beans Market Overview
Market Drivers –
The increasing shift towards veganism boosted the growth of the faba beans market during the historic period. Veganism involves abstaining from animal products, particularly in an individual’s diet. According to data compiled by SPINS on behalf of advocacy nonprofit The Good Food Institute (GFI) and trade group Plant Based Foods Association (PBFA) released in April 2021, supermarket sales of plant-based foods that directly replace animal products increased by 27% to $7 billion in previous year. Moreover, sales of plant-based foods increased three times more quickly than those of non-plant-based meals as compared to previous years in the year 2021 in the US. Consumers are rapidly moving toward veganism in many parts of the world, resulting in a significant increase in demand for plant-based proteins, which drove the need for faba beans over the historic period.
The faba beans market covered in this report is segmented –
1) By Nature: Organic, Conventional
2) By End Use: Food Processing, Animal Feed, Nutraceuticals, Sports Nutrition, Infant Nutrition
3) By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, Specialty Stores, Online Retailers, Other Distribution Channels
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Regional Insights –
Asia-Pacific was the largest region in the faba beans market in 2023. The regions covered in the faba beans market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Companies –
Major companies operating in the faba beans market include Prairie Fava Ltd., Unigrain Pty Ltd, Roland Beans, Aviip Group, Alberta Pulse Growers Commission, Stamp Seeds Inc., Pawnee Buttes Seed Inc., Archer Daniels Midland Company, Cargill Incorporated, Bunge Limited, AGT Food and Ingredients Inc., Ingredion Incorporated, SunOpta Inc., The Scoular Company, Roquette Frères, Verdient Foods Inc., Grain Millers Inc., Best Cooking Pulses Inc., The Andersons Inc., Legumex Walker Inc., Bonduelle Group, Dakota Dry Bean Inc., Nordic Foods Inc., Greenleaf Foods SPC, Valley Proteins Inc., JBS USA Holdings Inc., Seaboard Corporation, Alico Inc., Bean Growers Australia, Mercer Foods
Table of Contents
1. Executive Summary
2. Faba Beans Market Characteristics
3. Faba Beans Market Trends And Strategies
4. Faba Beans Market – Macro Economic Scenario
5. Global Faba Beans Market Size and Growth
…
31. Global Faba Beans Market Competitive Benchmarking
32. Global Faba Beans Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Faba Beans Market
34. Faba Beans Market Future Outlook and Potential Analysis
35. Appendix
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