Faba Beans Market Size, Status, Demand and Global Outlook 2021- Prairie Fava; Unigrain; Roland Beans; Aviip Group; Alberta Pulse Growers; Stamp Seeds

Faba Beans Market 2021 report helps the clients to take business decisions and to understand strategies of major players in the industry. The report also calls for market- driven results deriving feasibility studies for client needs. Market Insights Reports ensures qualified and verifiable aspects of market data operating in the real- time scenario. The analytical studies are conducted ensuring client needs with a thorough understanding of market capacities in the real- time scenario.

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The global faba beans market is expected to grow from $3.06 billion in 2020 to $3.18 billion in 2021 at a compound annual growth rate (CAGR) of 3.77%

Top leading Companies Profiled in Faba Beans Market Report are Prairie Fava; Unigrain; Roland Beans; Aviip Group; Alberta Pulse Growers; Stamp Seeds; Pawnee Buttes Seed Inc.

Markets Segmentation:

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; Others

Market Overview

The growth is mainly due to the growing demand for natural and plant-based proteins. The market is expected to reach $3.47 billion in 2025 at a CAGR of 2.19%.

The faba beans market consists of sales of faba beans. The market consists of revenue generated by establishments that are engaged in the production of faba beans. The faba bean is a common legume cultivated for its edible seeds or beans. Some varieties of faba beans are used as a source of protein for livestock. Faba beans are also widely used in the production of products such as protein powders and custom blends. The companies in the faba beans production distribute their products through various distribution channels to both individual customers and commercial establishments.

The main types of faba beans are organic and conventional faba beans. Organic faba beans are produced using natural principles such as biodiversity and composting. Conventional faba beans are produced using high-input modern agriculture with synthetic chemical fertilizers, fungicides, insecticides and others. Faba beans are used in food processing, animal feed, nutraceuticals, sports nutrition, and infant nutrition. These are made available to the end-users through supermarkets/hypermarkets, convenience stores, specialty stores, online retailers and other channels.

Regional Analysis

Asia-Pacific (China, India, Japan, South Korea, Australia, Indonesia, Malaysia, and Others), North America (United States, Canada, and Mexico), Central & South America (Brazil, and Rest of South America), Europe (Germany, France, UK, Italy, Russia, and Rest of Europe), Middle East & Africa (GCC Countries, Turkey, Egypt, South Africa and Other)

Asia Pacific was the largest region in the faba beans market in 2020. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The yield loss due to various diseases in faba beans could restrict the market in the forecast period. Faba beans are subject to number of diseases which reduces their yield and quality. Some of main diseases impacting the productivity of faba beans are botrytis chocolate spot, stemphylium blight, alternaria leaf spot and sclerotinia stem rot. This is expected to negatively impact the growth of the market in the forecast period.

News and Latest Developments

In 2019, the companies Fava Trading and Roland Mills United formed Roland Beans GmbH as a joint venture. This allows the businesses to combine their complementary competencies in faba bean production, raw material supply, manufacturing, and utilization technologies in the supply chain. Roland Mills United GmbH & Co. KG is a conventional milling company with several years of experience in the manufacturing of customer-specific grain milling products in Northern Germany. Fava Trading GmbH & Co. KG is a trading company based in Germany, in 2016 by visionary farmers from the Weser-Elbe region, is capitalizing on the field bean new opportunities in this conventional cultivation sector.

Major companies in the market are focusing on technical advancements of their products in order to cater to the growing need for plant-based proteins. For instance, in 2020, Belgium based Verso Food using wet extrusion, developed a method to manufacture a faba-based food product with a fibrous structure close to cooked meat and chicken. In another instance, in 2019, Netherlands based Multiflour and MPF Germany collaborated to develop a textured fababean protein with a content of 60% protein which can be alternated as a protein source for meat substitutes and as an adequate alternative for soy.

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Key Takeaways from Faba Beans Report

─Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level – for product types, end use applications and by different industry verticals

─Understand the different dynamics influencing the Faba Beans market – key driving factors, challenges and hidden opportunities.

─Get in-depth insights on your competitor performance – Faba Beans market shares, strategies, financial benchmarking, product benchmarking, SWOT and more

─Analyze the sales and distribution channels across key geographies to improve top-line revenues.

─Understand the industry supply chain with a deep dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.

─Get a quick outlook on the market entropy – M&A’s, deals, partnerships, product launches of all key players for the past 4 years.

─Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the Faba Beans

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In conclusion, the Faba Beans market report presents the descriptive analysis of the parent market supported elite players, present, past and artistic movement information which is able to function as a profitable guide for all the Faba Beans Industry business competitors. Our expert research analyst’s team has been trained to provide in-depth market research reports from every individual sector which will be helpful to understand the industry data in the most precise way.

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