Fava Beans Market Size, Share and Growth Analysis Report - Forecast Trends and Outlook (2025-2034)

The global fava beans production expanded at a CAGR of around 1.00% in the historical period of 2018-2024. The fava beans market is further estimated to witness a steady growth in the forecast period of 2025-2034.

Fava Beans Market Growth

Fava Beans, also known as broad beans or faba beans, are a member of the pea family and are one of the oldest known cultivated plants. Fava beans contain a high level of protein, usually between 20-40%, depending on the variety and the environmental conditions in which they are grown. It is a good source of iron, magnesium, potassium, zinc, copper, selenium, and many vitamins as well. The high nutritional value of fava beans is a major driver of market growth. Hence, rising adoption of healthier eating habits, growing middle class population, and increasing disposable incomes are fuelling demand for fava beans.

Moreover, improved availability of fava beans through organised retail channels like supermarkets, hypermarkets, and online stores is also contributing to the fava beans market expansion. Additionally, the use of fava beans in various food applications, such as ready meals, and the development of new fava bean varieties optimised for different climate and growing regions are expected to further drive the market in the coming years. Moreover, the rising trend of vegetarianism is also anticipated to bolster the consumption of fava beans in the coming years.

Key Trends and Developments

Growing demand for plant-based proteins, innovation in product development, and advancements in agricultural practices have positively impacted the fava beans market outlook

May 2024

Protein Industries Canada, along with Prairie Fava, DL Seeds, and Three Farmers, are collaborating on a project to enhance the fava bean supply chain in Canada. The project will create new job opportunities and expand product offerings, contributing to Canada's competitiveness in the global plant protein sector.

May 2024

Researchers have discovered an ideal fava bean blend that offers a tasty and fibrous plant-based meat alternative by using "wet fractionation" method. This development can make fava beans a competitive alternative to soy in the plant-based protein market.

May 2024

THIS, a UK plant-based meat brand, is launching the first nationally distributed vegan chicken thighs in the UK, available at Tesco. Product is made from a blend of soy and fava bean protein and can be used for making burgers, curries, and stews. This launch promotes sustainable food choices in the UK.

Advancements in cultivation techniques

Advancements in agricultural practices and technologies are another key trend bolstering fava beans market development. Farmers are adopting modern cultivation techniques, such as the use of high-yielding varieties, precision farming, and improved irrigation methods.

Increasing demand for plant-based proteins

One of the major trends in the market is the growing demand for plant-based proteins. Consumers are increasingly seeking healthier and more sustainable protein sources, driving the adoption of fava beans.

Innovation in product development

Roquette, a global leader in plant-based ingredients, has introduced fava bean protein isolates for use in various food applications, including plant-based beverages and meat analogues. This trend is likely to drive the fava beans market growth as consumers seek out novel and convenient fava bean-based products.

Expansion of distribution channels

The market is witnessing an expansion of distribution channels, with an increasing presence in organised retail formats like supermarkets, hypermarkets, and online stores. This trend is particularly prominent in developing regions, where the availability of fava beans through these channels is improving.

Fava Beans Market Trends

Companies like The Good Bean have expanded their distribution network to include major retail chains and e-commerce platforms, making fava bean snacks more accessible to a wider consumer base. The convenience and accessibility offered by these distribution channels are making fava beans more readily available to consumers, contributing to the fava beans market growth.

Furthermore, research institutions like the International Center for Agricultural Research in the Dry Areas (ICARDA) are working on developing drought-tolerant fava bean varieties to enhance productivity in water-stressed regions. These advancements are leading to increased fava bean production and improved quality. Additionally, the increased demand for fava beans in the livestock industry, as a protein and starch rich animal feed solution is also expected to supplement the market growth in the forecast period.

Fava Beans Industry Segmentation

The report titled “Fava Beans Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:

Market Breakup by Application

• Food
• Feed
• Others

Market Breakup by Distribution Channel

• Supermarkets and Hypermarkets
• Convenience Stores
• Speciality Stores
• Online Retailers
• Others

Market Breakup by Region

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa

Fava Beans Market Share

Fava beans are being increasingly consumed due to high demand for plant-based protein sources

In the food applications segment, fava beans are utilised for human consumption in various forms, including direct consumption and incorporation into food products. They are used in dishes like soups, stews, salads, and as a meat substitute in vegetarian and vegan recipes, catering to the increasing demand for plant-based protein sources and nutritious food options globally.

As per fava beans market analysis, in the feed applications segment, fava beans serve as a protein-rich feed ingredient for livestock, including poultry, swine, and cattle. The feed applications segment plays a crucial role in supporting the livestock industry's need for high-quality and sustainable feed sources.

Easy availability of fava beans across supermarkets and hypermarkets to supplement the market growth

The market is being driven by the increasing availability of fava beans across supermarkets and hypermarkets to meet the growing consumer demand for food products packed with nutrients. In addition, the rapid expansion of e-commerce channels is also expected to prove beneficial for the growth of the fava beans market. For instance, through online stores, such as Amazon Pantry, consumers can purchase fresh, canned, and packaged fava beans. Convenience stores, such as 7-Eleven, offer quick access to fava beans and may stock canned fava beans or snacks for on-the-go consumers. Speciality stores, like gourmet food stores, offers organic dried fava beans or fava bean flour.

Leading Companies in the Fava Beans Market

Market players are focused on product innovation, market expansion, technological advancements, collaborative research, and the nutritional value and cost-effectiveness of fava beans

BroadGrain Commodities Inc.

BroadGrain Commodities Inc., founded in 2003 and headquartered in Ontario, Canada, is a prominent producer of grains, cereals, oilseeds, pulses, speciality crops, and related by-products. It also offers shipping, originating, handling, processing, storing, and marketing of agricultural products.

AGT Food and Ingredients

AGT Food and Ingredients, established in 2001 and based in Saskatchewan, Canada, is a leading Canadian processor of pulses like lentils, peas, and beans. AGT also deals with grains and other agricultural commodities.

Simpson Seeds Inc.

Simpson Seeds Inc., founded in 1979 and headquartered in Saskatchewan, Canada, is a well-established company specialising in the processing and distribution of speciality crops. With a focus on crops like mustard, canary seed, and other grains, it provides top-quality seeds to the food industry.

Archer Daniels Midland Company

Archer Daniels Midland Company, with a founding year of 1902 and headquarters in Illinois, United States, is a renowned multinational food processing and commodities trading corporation. It provides cereal grains and oilseeds for food, beverage, nutraceutical, industrial, and animal feed markets.

Fava Beans Market Analysis by Region

Asia-Pacific leads the market due to the increasing availability of fava beans across various distribution channels in the region

The Asia-Pacific region accounts for a significant fava beans market share, with China being the leading producer. The demand for fava beans in the region can be associated with the changing consumer lifestyles, fuelled by the rising demand for organic and health enhancing food. Another factor supporting the market growth is the presence of a large vegan and vegetarian population.

Meanwhile, the North American region is expected to witness considerable growth in the fava beans market during the forecast period, driven by the increasing consumption of fava beans for efficient weight management. The rising concerns of obesity in the region are supporting the demand for fava beans as a nutritious food option.