Also known as broad beans, fava beans are a member of the pea family which were first found to be cultivated around 10,000 years ago in the Middle East. Usually planted as a winter annual in subtropical areas, they are a good source of iron, potassium, magnesium, selenium, zinc and copper. In addition, protein levels in fava beans may vary depending on their variety and the environmental conditions. These beans can grow in a wide variety of soil types but loamy soil is best suited for their growth. In comparison to most legumes, fava beans have relatively low fat content with a good amount of dietary fibre and B-complex vitamins. Factors such as growing population, rising disposable incomes, adoption of healthier food habits and growing intake of legumes, particularly in emerging countries are currently driving the growth of the fava beans market. According to IMARC group, the global fava beans market reached a volume of 4.6 Million Tons in 2016, growing at a CAGR of around 1% during 2009-2016.
IMARC’s latest study “Fava Beans Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022” has segmented the market on the basis of key regions. Currently, China represents the largest producer of fava beans accounting for more than one-third of the global production. China is followed by Ethiopia, Australia, France, Morocco, Egypt, United Kingdom, Germany, Peru and Italy. The report has also covered some of the key exporting and importing countries in the global fava beans market. Australia represents the biggest exporter accounting for more than 40% of the total global export volumes. Australia is followed by France, United Kingdom, Ethiopia, the United States, Egypt, China, Canada, Lithuania and Latvia. Among the top importing countries, Egypt represents the biggest importer of fava beans accounting for around 70% of the total global import volumes. Egypt is followed by Saudi Arabia, Sudan, Norway, Canada, Indonesia, Spain, United Arab Emirates, France and Italy.
The report provides a comprehensive analysis for setting up a fava beans processing plant. The study covers all the requisite aspects of the fava beans industry and provides an in-depth analysis of the market, industry performance, processing and manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who are planning to foray into the fava beans market in any manner.

Key questions answered in this report:

  • How has the fava beans market performed so far and how will it perform in the coming years?
  • Who are the key regional producers in the global fava beans industry?
  • What are the price trends of fava beans?
  • What are the various stages in the value chain of the fava beans industry?
  • What are the key driving factors and challenges in the fava beans industry?
  • What is the structure of the fava beans industry and who are the key players?
  • What is the degree of competition in the fava beans industry?
  • What are the profit margins in the fava beans industry?
  • What are the key requirements for setting up a fava beans processing plant?
  • How are fava beans processed?
  • What are the various unit operations involved in fava beans plant?
  • What is the total size of land required for setting up fava beans plant?
  • What are the machinery requirements for setting up fava beans plant?
  • What are the raw material requirements for setting up fava beans plant?
  • What are the packaging requirements for fava beans?
  • What are the transportation requirements for fava beans?
  • What are the utility requirements for setting up fava beans plant?
  • What are the manpower requirements for setting up fava beans plant?
  • What are the infrastructure costs for setting up fava beans plant?
  • What are the capital costs for setting up fava beans plant?
  • What are the operating costs for setting up fava beans plant?
  • What will be the income and expenditures for fava beans plant?
  • What is the time required to break-even?