About Faba Beans
The United Kingdom faba beans market is expected to grow at a healthy pace during the forecast period, according to the AMA study. The growing livestock industry across United Kingdom & the rising human consumption along with growth in poultry sector across the United Kingdom are expected to be some of the major factors aiding the growth of the market. However, the market is expected to witness a decline in growth during FY 2020 but it is again expected to rise at a healthy pace after the COVID-19 pandemic is over.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The vendors in this market are majorly focusing on developing innovative products and solutions in order to cater to the market's demands to remain competitive in the global market. According to the recent global industry crisis due to the outbreak of COVID-19 is expected to be one of the major challenges for the vendors of this market as the production and markets of different industries have been shut down for an ambiguous period of time. Analyst at AMA Research estimates that United Kingdom Vendors will contribute the maximum growth to Global Faba Beans market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
ADM Agriculture Ltd (United Kingdom), Pulses UK (United Kingdom), Britanic International (United Kingdom), Hodmedod's British Wholefoods (United Kingdom), ALBERTA PULSE GROWERS (Canada) and Barfoods (United Kingdom) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Faba Beans market by Type (Large Sized, Intermediate Variety and Small-Sized), Application (Human Edibles, Livestock Feed and Others) and Region.
On the basis of geography, the market of Faba Beans has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Sales Channel, the sub-segment i.e. Online will boost the Faba Beans market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Season, the sub-segment i.e. Winter Beans will boost the Faba Beans market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Number of Small-Sized Crops Supporting the Production Growth of Faba Beans Across United Kingdom
Market Growth Drivers:
Growing Livestock Industry Across UK Propelling Demand for Livestock Feeding and Increasing Human Consumption of Faba Beans
Challenges:
Reduced Operations Across Different Industries Owing to COVID-19 Pandemic Leading to Generation of Demand & Supply Gap in the Market
Restraints:
Economic Crisis & Supply Chain Challenges Across Food Chain Sector Owing to COVID-19 Pandemic
Opportunities:
Rising Number of Investments in Beef, Poultry, & Swine Sector Across United Kingdom is Expected to Project Huge Opportunities for Faba Beans
Market Leaders and their expansionary development strategies
In July 2021, Faba Canada acquired Alberta processing facility. With the growing demand for plant-based proteins, and fabas being high in protein, there is going to be great opportunity for faba fractionation.
In January 2021, Limagrain Ingredients launched a heat treated faba bean flour product specially for dog food. new faba bean flour is an addition to our already existing pulse based portfolio for pets. It provides a formulation with greater nutritional values
Stringent Government Regulations Regarding Shutting Down of Operations Across Different Industries Worldwide Due to the COVID-19 Pandemic is Impacting the Demand for Faba Beans
Analyst View
Since the COVID-19 virus outbreak in December 2019, the disease has spread to more than 200 countries across the world along with the World Health Organization declaring it a public health emergency. The impact of the COVID-19 has already hit many industries and will affect the United Kingdom faba beans market in FY 2020. The outbreak of COVID-19 has brought effects on many aspects, like scheduled public transportation cancellations; downfall in the real estate sector; travel bans and quarantines; closed operations across hotels & restaurants; banning of public gatherings & events; large slow-down in the supply chain of different markets; stock market unpredictability; declining business assurance, and uncertainty in the future market dynamics.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Strategic Business Planners, Government Regulatory, Research Organizations, End-Use Industries and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.