Canada Fava Beans Market Size & Outlook, 2024-2030
The fava beans market in Canada is expected to reach a projected revenue of US$ 0.2 million by 2030. A compound annual growth rate of 2.9% is expected of Canada fava beans market from 2024 to 2030.
Revenue, 2023 (US$M)
$0.2
Forecast, 2030 (US$M)
$0.2
CAGR, 2024 - 2030
2.9%
Report Coverage
Canada
Related Markets
Canada fava beans market highlights
- The Canada fava beans market generated a revenue of USD 0.2 million in 2023 and is expected to reach USD 0.2 million by 2030.
- The Canada market is expected to grow at a CAGR of 2.9% from 2024 to 2030.
- In terms of segment, fava bean flour was the largest revenue generating product in 2023.
- Fava Bean Protein Isolate is the most lucrative product segment registering the fastest growth during the forecast period.
Fava beans market data book summary
| Market revenue in 2023 | USD 0.2 million |
| Market revenue in 2030 | USD 0.2 million |
| Growth rate | 2.9% (CAGR from 2024 to 2030) |
| Largest segment | Fava bean flour |
| Fastest growing segment | Fava Bean Protein Isolate |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Fava Bean Protein Isolate, Fava Bean Protein Concentrate, Fava Bean Flour, Whole Fava Beans |
| Key market players worldwide | Prairie Fava, UniGrain, Roland, Avip Italia, Pawnee Buttes Seeds, Archer Daniels Midland Company, Cargill, Bunge Global SA, AGT Food and Ingredients, Ingredion Inc, SunOpta Inc, The Scoular Company, La Roquette, Verdient Foods, Grain Millers Inc., The Andersons |
Other key industry trends
- In terms of revenue, Canada accounted for 3.8% of the global fava beans market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. fava beans market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 1.3 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 |
Canada fava beans market size, by product, 2018-2030 (US$M)
Canada Fava Beans Market Outlook Share, 2023 & 2030 (US$M)
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