Fava Beans Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028
Global Fava Beans Market: Overview
The fava beans market is expected to rise at a healthy pace in the near future. Collaboration of local vendors with the international players is a factor expected to boost prospects of the fava beans market.
Fava beans belong to the family of peas, they are known for their goodness of dietary fiber and B-complex vitamins. Along with this they are also known for low fat content. Some of the prominent factors expected to propel the fava beans market are growing population, growing intake of legumes and rising disposable incomes.
Global Fava Beans Market: Notable Developments
Some of the notable developments in the global fava beans market are –
There have been significant improvements in the food processing technology owing to this fava bean flour can be used in production of bread and pasta. Other than this, fava flour is used to make dishes like medamis, falafel, bissara, and soup. This is expected to offer new growth opportunities in the fava beans market.
Global Fava Beans Market: Key Trends
The global fava beans market is expected to rise in the coming few years. This is mainly attributed to rise in number of organized retailing outlets. This has made entry of new players relatively easier in the fava beans market. In addition to this, supermarkets and retail chains owners have started selling fava beans under private labels. This is expected to propel fava beans market in the coming few years.
Other than this, owing to the high nutritional value of fava beans is another prominent factor driving the global fava beans market. This is can be attributed to the significant increase in the health consciousness people across the globe.
However, continuous volatility of fava beans prices is hindering the growth of the global fava beans market. The price volatility increases cost of procurement for vendors and this ultimately rises selling price, this refrain consumer from buying.
Nevertheless, this factor can be overcome by the increasing vegan population in consumer countries such as the U.S., Germany, UK, and France. This is due to the rising concerns related to adverse effects associated with the consumption of meat products. Other than this, surge in use of broad beans in formulation of functional foods is a strong factor expected to rise the global fava beans market.
Global Fava Beans Market: Regional Outlook
The global fava beans market is divided into North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Among all these region, Asia Pacific is expected to hold maximum share of the fava beans market in the coming few years. This is mainly due to the presence of producing countries such as China and India in the region. These countries altogether generated one-third of the total revenue.
Global Fava Beans Market: Competitive Market
The fava beans market represents a moderately fragmented competitive landscape. This is mainly due to the presence of several players in the market. These players are focusing on several strategies such as collaboration and business expansion to stay ahead in the fava beans market. Some of the prominent players operating in the global fava beans market are Bob's Red Mill Natural Food, Goya Foods, Fresh Del Monte Produce, and Greenyard.
The study presents reliable qualitative and quantitative insights into:
The regional analysis covers:
The vast market research data included in the study is the result of extensive primary and secondary research activities. Surveys, personal interviews, and inputs from industry experts form the crux of primary research activities and data collected from trade journals, industry databases, and reputable paid sources form the basis of secondary research. The report also includes a detailed qualitative and quantitative analysis of the market, with the help of information collected from market participants operating across key sectors of the market value chain. A separate analysis of macro- and micro-economic aspects, regulations, and trends influencing the overall development of the market is also included in the report.
Highlights of the report:
Note: Immense care has been taken to present data with the highest levels of accuracy in all TMRResearch reports. Nevertheless, recent developments related to market/vendor landscape may take time to reflect in the analysis.
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