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Global Fava Beans Market 2019-2023 | Increasing Popularity of Plant-based Proteins to Boost Growth | Technavio

January 8, 2019

LONDON--(BUSINESS WIRE)--Jan 8, 2019--The is expected to post a CAGR of over 2% during the period 2019-2023, according to the latest market research report by .

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Technavio has published a new market research report on the global fava beans market from 2019-2023. (Graphic: Business Wire)

A key factor driving the growth of the market is the increasing product launches. The introduction of new product varieties is increasing the versatility, awareness, and availability of new and innovative flavors of fava beans in the market. It is one of the primary growth drivers aiding in the growth of the global fava beans market. Successful product launches help to boost the revenue flow and expand the consumer base. Therefore, most players in the market are launching new products to drive store sales and cater to the evolving consumer demands.

As per Technavio, the increasing popularity of plant-based proteins will have a positive impact on the market and contribute to its growth significantly over the forecast period. This global fava beans market research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.

This report is available at a USD 1,000 discount for a limited time only:

Global fava beans market: Increasing popularity of plant-based proteins

The expanding vegan population base and the rising preference of people for vegetable-based diets have increased the demand for plant-based proteins across the world. Fava beans are a rich source of protein and provide nearly 25% of one’s daily requirement of protein intake. Thus, the increasing demand for plant-based proteins is driving vendors in the market to formulate protein extracts and concentrates from fava beans. For instance, in November 2016, Ell Nutraceuticals launched Fava Bean Protein with 80% protein and a milder, less bitter flavor profile compared to other plant-based proteins.

“Apart from the increasing popularity of plant-based proteins, the growth in e-commerce and online grocery delivery services, packaging innovations, health nutritional benefits, and rising accessibility and availability through organized retailing are some other major aspects that are expected to boost the growth of the global fava beans market during the forecast period,” says a senior analyst at Technavio.

Global fava beans market: Segmentation analysis

This market research report segments the global fava beans market by product (whole fava beans and powdered fava beans) and geographical regions (APAC, EMEA, and the Americas).

The APAC region led the market in 2018 with a market share of over 47%, followed by EMEA and the Americas respectively. However, during the forecast period Americas is expected to register the highest incremental growth, followed by the EMEA region.

Looking for more information on this market?

Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

Market ecosystem Market characteristics Market segmentation analysis

Market Sizing

Market definition Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

Regional comparison Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

Vendors covered Vendor classification Market positioning of vendors Competitive scenario

About Technavio

is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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View source version on businesswire.com:https://www.businesswire.com/news/home/20190108005405/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

www.technavio.com

KEYWORD:

INDUSTRY KEYWORD: ENVIRONMENT RETAIL FOOD/BEVERAGE

SOURCE: Technavio Research

Copyright Business Wire 2019.

PUB: 01/08/2019 03:23 AM/DISC: 01/08/2019 03:23 AM

http://www.businesswire.com/news/home/20190108005405/en

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