Global Fava Beans Market Size & Outlook, 2024-2030
The global fava beans market size was estimated at USD 4.3 million in 2023 and is projected to reach USD 5.7 million by 2030, growing at a CAGR of 4.2% from 2024 to 2030.
Revenue, 2023 (US$M)
$4.3
Forecast, 2030 (US$M)
$5.7
CAGR, 2024 - 2030
4.2%
Report Coverage
Worldwide
Global fava beans market, 2018-2030 (US$M)
Related Markets
Global fava beans market highlights
- The global fava beans market generated a revenue of USD 4.3 million in 2023 and is expected to reach USD 5.7 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 4.2% by 2030.
- In terms of segment, fava bean flour accounted for a revenue of USD 1.9 million in 2023.
- Fava Bean Flour is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
- Country-wise, Italy is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 4.3 million |
| Market revenue in 2030 | USD 5.7 million |
| Growth rate | 4.2% (CAGR from 2024 to 2030) |
| Largest segment | Fava bean flour |
| Fastest growing segment | Fava Bean Flour |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Fava Bean Protein Isolate, Fava Bean Protein Concentrate, Fava Bean Flour, Whole Fava Beans |
Other key industry trends
- In terms of revenue, the North America accounted for 28.5% of the global fava beans market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Italy is the fastest growing regional market and is projected to reach USD 0.1 million by 2030.
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Fava Beans Market Scope
Fava beans market segmentation & scope
Others
Fava Beans Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| The Andersons | View profile | 1001-5000 | Maumee, Ohio, United States, North America | http://www.andersonsinc.com/ |
| Grain Millers Inc. | View profile | 501-1000 | Eden Prairie, Minnesota, United States, North America | http://grainmillers.com |
| Verdient Foods | View profile | 10001+ | Vanscoy, Saskatchewan, Canada, North America | http://www.verdientfoodsinc.com/ |
| Pawnee Buttes Seeds | View profile | 11-50 | Greeley, Colorado, United States, North America | https://pawneebuttesseed.com |
| Avip Italia | View profile | - | Torino, Piemonte, Italy, Europe | http://www.avipitalia.it/ |
| Roland | View profile | 1001-5000 | Lansing, Illinois, United States, North America | http://www.roland.com/ |
| UniGrain | View profile | 101-250 | Newtown, Victoria, Australia, Oceania | https://www.unigrain.com.au |
| Prairie Fava | View profile | 1-10 | Glenboro, Manitoba, Canada, North America | https://prairiefava.com/# |
| Archer Daniels Midland Company | View profile | 1001-5000 | Chicago, Illinois, United States, North America | http://www.adm.com |
| AGT Food and Ingredients | View profile | 1001-5000 | Regina, Saskatchewan, Canada, North America | http://www.agtfoods.com/ |
| La Roquette | View profile | 10001+ | Benifayó, Comunidad Valenciana, Spain, Europe | http://www.roquette.com |
| The Scoular Company | View profile | 1001-5000 | Omaha, Nebraska, United States, North America | http://www.scoular.com/ |
| Bunge Global SA | View profile | 23000 | 1391 Timberlake Manor Parkway, Chesterfield, MO, United States, 63017 | https://www.bunge.com |
| Cargill | View profile | 10001+ | Minneapolis, Minnesota, United States, North America | http://www.cargill.com |
| Ingredion Inc | View profile | 11600 | 5 Westbrook Corporate Center, Westchester, IL, United States, 60154 | https://www.ingredion.com |
| SunOpta Inc | View profile | 1174 | 7078 Shady Oak Road, Eden Prairie, MN, United States, 55344 | https://www.sunopta.com |
Global fava beans market size, by regions, 2018-2030 (US$M)
Top 10 countries: Fava beans market size, 2023 (US$M)
Global fava beans market share, by application, 2023 & 2030 (%, US$M)
Fava beans market: Opportunity assessment by country
Global fava beans market, by region, 2023 (US$M)
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