Press release
Faba Beans Market Overview 2023 : By Market Size, Trends, Growth Rate, Key Segments And Industry Forecast To 2032
Faba Beans Market
The Business Research Company's Faba Beans Global Market Report 2023 identifies increasing shift towards veganism boosted as the major driver for the Faba Beans market's growth in the forecast 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.
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 market size of the faba beans market is expected to grow to $3.87 billion in 2027 at a CAGR of 3.2%.
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Major competitors in the Faba Beans market are Prairie Fava, Unigrain, Roland Beans, Aviip Group, Alberta Pulse Growers, Stamp Seeds, Riddell Seed Co., and Pawnee Buttes Seed Inc.
A key trend in the Faba Beans market includes yield loss due to various diseases. Faba beans are subject to a number of diseases which reduces their yield and quality. Some of the 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.
Read More On The Global Faba Beans Market Report Here:
https://www.thebusinessresearchcompany.com/report/faba-beans-global-market-report
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
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Faba Beans market.
The Business Research Company's "Global Faba Beans Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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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 Profiles28. Key Mergers And Acquisitions In The Faba Beans Market
29. Faba Beans Market Future Outlook and Potential Analysis
30. Appendix
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𝐅𝐚𝐛𝐚 𝐁𝐞𝐚𝐧𝐬 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐈𝐧𝐭𝐫𝐨𝐝𝐮𝐜𝐭𝐢𝐨𝐧
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