Faba Beans Market Report 2026

The faba beans market size has grown steadily in recent years. It will grow from $3.58 billion in 2025 to $3.72 billion in 2026 at a compound annual growth rate (CAGR) of 4%. The growth in the historic period can be attributed to expansion of pulse crop cultivation, rising demand for plant-based proteins, growth in livestock feed protein demand, increasing use in food processing, availability of conventional faba bean varieties.

The faba beans market size is expected to see steady growth in the next few years. It will grow to $4.45 billion in 2030 at a compound annual growth rate (CAGR) of 4.5%. The growth in the forecast period can be attributed to increasing adoption of alternative protein products, rising demand for organic pulses, expansion of sports and nutraceutical nutrition markets, growing investments in sustainable agriculture, increasing use of faba beans in protein blends. Major trends in the forecast period include increasing use of faba beans as plant protein source, rising demand for sustainable protein ingredients, growing application in animal feed formulations, expansion of organic faba bean cultivation, enhanced focus on traceable supply chains.

The growing shift toward veganism supported the growth of the faba beans market during the historic period. Veganism refers to the practice of avoiding animal-derived products, particularly in dietary consumption. As more consumers adopt plant-based diets, demand for alternative protein sources has increased significantly. For instance, in March 2023, according to the World Animal Foundation, a US-based digital platform advocating for animal rights, around 4% of the U.S. population - approximately 13.4 million people - identified as vegan in 2023. In addition, data on plant-protein consumption indicates that more than 6% of U.S. consumers, representing over 15.5 million individuals, follow a vegan lifestyle. This rapid shift toward veganism across multiple regions has driven strong demand for plant-based proteins, which in turn is expected to increase the need for faba beans over the forecast period.

Key players in the faba beans market are strategically focusing on technological advancements in their products to meet the growing demand for plant-based proteins. Nestle S.A., a Switzerland-based food and beverage company, exemplifies this trend with its March 2023 introduction of a new plant-based beverage that combines oats and fava beans. This innovative milk alternative boasts a mild, nutty taste and smooth texture derived from the fava and oat components, catering to consumer preferences throughout the day - whether consumed on its own, in a smoothie, or with cereal.

In February 2025, Valio, a Finland-based food company, acquired the plant protein business of Raisio plc, including the Härkis and Beanit faba bean brands, for approximately US$0.00756 billion (€7 million). Through this acquisition, Valio aims to strengthen its plant-based protein portfolio by integrating Raisio’s faba bean-based products and related manufacturing assets. Raisio’s plant protein business is a Finland-based operation specializing in faba bean-derived plant protein products and associated production capabilities.

Major companies operating in the faba beans market are Prairie Fava Ltd, Unigrain Pty Ltd, Roland Beans, Alberta Pulse Growers Commission, Stamp Seeds Inc, Pawnee Buttes Seed Inc, Archer Daniels Midland Company, Cargill Incorporated, Bunge Limited, AGT Food and Ingredients Inc, SunOpta Inc, The Scoular Company, Roquette Frères, Verdient Foods Inc, Best Cooking Pulses Inc, The Andersons Inc, Bonduelle Group, Dakota Dry Bean Inc, Bean Growers Australia, Mercer Foods.

Asia-Pacific was the largest region in the faba beans market in 2025. The regions covered in the faba beans market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the faba beans market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

The faba beans market consists of sales of organic faba beans and conventional faba beans. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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