Fava Beans Market Size, Share, Trends, Growth 2032

Fava Beans Market Insights

According to Zion Market Research, the global Fava Beans Market was worth USD 54.38 Million in 2023. The market is forecast to reach USD 79.44 Million by 2032, growing at a compound annual growth rate (CAGR) of 4.3% during the forecast period 2024-2032.

The report offers a comprehensive analysis of the market, highlighting the factors that will determine growth, potential challenges, and opportunities that could emerge in the Fava Beans industry over the next decade.

Request Free Sample

Fava Beans Market: Overview

Fava beans are consumed across the globe and consist of polyphenols & I-DOPA (I-3-4-dihydroxyphenylalanine). According to NCBI, the antioxidant screening program performed by it in 2016 had demonstrated that fava beans sprout possessed higher antioxidant properties as compared to any other sprouts or matured beans.

Furthermore, fava beans comprise compounds such as convicine and vicine. Moreover, these chemicals are further metabolized to divicine & isouramil which are strong oxidizing agents. Additionally, isouramil and divicine have almost the same metabolic effects.

Request Free Sample

Fava Beans Market: Growth Drivers

Fava beans also referred to as vicia faba comprises of dihydroxyphenylalanine and the intake of these products is expected to increase dopamine stores. Furthermore, renal dopamine helps in regulating blood volume through the natriuretic effect along with controlling blood pressure. All these aforementioned features of the product are expected to define the growth of the fava beans market over the forecast timeline.

Moreover, the fava bean is a unique legume yield and possesses high nutritive value content such as starch & protein. Additionally, it is a unique source of protein, lecithin, complex carbohydrates, choline, minerals, and phenolic. This will further generate demand for the product over the forthcoming years. Apparently, in comparison to cereals, fava beans contain large proportions of arginine and lysine.

Apart from the huge agricultural potential of fava beans, it also possesses high industrial value due to the huge content of the L-dopa ingredient. Furthermore, the intake of fava beans can raise the proportion of L-dopa in blood, thereby resulting in a tremendous enhancement in the motor performance of the people suffering from Parkinson's ailment. Additionally, the fava bean consumption does not have any side effects on the health of the patient. All these abovementioned factors will chart a profitable roadmap for the fava beans industry over the forecasting years.

Fava Beans Market: Report Scope

North American Market To Garner Major Share Over Forecast Period

The growth of the regional market over the forecast period is owing to large-scale intake of plant-based protein food products in countries like the U.S. and Canada. Furthermore, growing concerns raised by the population of these countries over lactose intolerance & glutamic disorder will have a favorable impact on the fava beans utilization. Apparently, the need to reduce the high obesity rate in countries like the U.S. will impel the growth of the regional market over the forecast period.

Fava Beans Market: Competitive Analysis

The global fava beans market is led by players like:

• GrainCorp Limited
• Dunns (Long Sutton) Limited
• Nuttee Bean Co
• Sun Impex B.V
• BI Nutraceuticals
• Prairie Fava

The global fava beans market is segmented as follows:

By Application

• Human Nutrition
• Animal Feed

By Distribution Channel

• Online
• Offline

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa