Global Faba Beans Market Size, Factors, Industry Growth, Key Vendors and Forecast to 2032 | Prairie Fava, Unigrain, Roland Beans, Aviip Group, Alberta Pulse Growers

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

As per the Faba Beans market report by The Business Research Company, 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 2020.

The global faba beans market size grew from $3.32 billion in 2022 to $3.41 billion in 2023 at a compound annual growth rate (CAGR) of 2.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The faba beans market size is expected to grow to $3.87 billion in 2027 at a CAGR of 3.2%.

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https://www.thebusinessresearchcompany.com/report/faba-beans-global-market-report

Major competitors in the Faba Beans market include Prairie Fava, Unigrain, Roland Beans, Aviip Group, Alberta Pulse Growers, Stamp Seeds, Riddell Seed Co., and Pawnee Buttes Seed Inc.

The Faba Beans Market is segmented -

• By Nature: Organic, Conventional.
• By End Use: Food Processing, Animal Feed, Nutraceuticals, Sports Nutrition, Infant Nutrition.
• By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, Specialty Stores, Online Retailers, Other Distribution Channels. Asia-Pacific was the largest region in the faba beans market in 2022.

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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 main types of faba beans are organic and conventional faba beans. Organic faba beans are produced using natural principles such as biodiversity and composting.

The Table Of Content For The Faba Beans Market Include:
1. Executive Summary
2. Faba Beans Market Characteristics
3. Faba Beans Market Trends And Strategies
4. Faba Beans Market - Macro Economic Scenario
5. Faba Beans Market Size And Growth
……
26. Africa Faba Beans Market
27. Faba Beans Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Faba Beans Market
29. Faba Beans Market Future Outlook and Potential Analysis
30. Appendix

The "Global Faba Beans Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.

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