Legume Market Scope
Legumes includes variety of pulses and seeds such as beans, lentils, peas, groundnuts, etc. It is gaining popularity among health conscious people due to its nutritional benefits, affordability, and versatility. Rapidly growing vegetarian and vegan population across the globe is increasing the demand for pulses as a major source of plant-based protein. Further, this trend led food and beverage manufacturers to innovate and expand their legumes based product offerings which is expected to fuel growth in the market. Additionally, the growing popularity of ready-to-eat, convenient legume products, including canned beans, lentil soups, legume based snacks, etc. is driven by increasing number of working populations and busy lifestyles. However, the crop is facing challenges due to its sensitivity to climate change and high water demand, which can impact both productivity and sustainability.
Attributes | Details |
---|
Study Period | 2020-2032 |
Base Year | 2024 |
Unit | Value (USD Million) |
Key Companies Profiled | Valency International Pte Ltd (Singapore), Archer Daniels Midland Co. (United States), General Mills Inc. (United States), Galdisa S.A. de C.V (Mexico), BroadGrain Commodities Inc. (Canada), Conagra Brands Inc. (United States), Bean Growers Australia Ltd. (Australia), Adani Group (India), Dunnes Stores (Ireland), AGT Food and Ingredients Inc. (Canada), B and G Foods Inc. (United States), Eden Foods Inc. (United States), Faribault Foods Inc. (United States) and Bush Brothers and Co. (United States) |
CAGR | % |
The key players are targeting the innovations of the Solutions with better quality, better technical characteristics. The key players are probable to keep a stronghold on the market over the anticipated period. The key players are accepting strategic decisions and are thinking upon mergers and acquisitions in order to maintain their presence in the market. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Legume market throughout the predicted period.
Valency International Pte Ltd (Singapore), Archer Daniels Midland Co. (United States), General Mills Inc. (United States), Galdisa S.A. de C.V (Mexico), BroadGrain Commodities Inc. (Canada), Conagra Brands Inc. (United States), Bean Growers Australia Ltd. (Australia), Adani Group (India), Dunnes Stores (Ireland), AGT Food and Ingredients Inc. (Canada), B and G Foods Inc. (United States), Eden Foods Inc. (United States), Faribault Foods Inc. (United States) and Bush Brothers and Co. (United States) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Legume market by Type , by Application (Household, Food & Beverages, Animal Feed, Biofuels & Bioplastics and Agricultural & Agroforestry) and Region with country level break-up.
On the basis of geography, the market of Legume 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).
region held largest market share in the year 2024.
Influencing Trend:
Preference Towards Organic Legumes Due to Concerns About Pesticide Residues
Market Growth Drivers:
Rise In Vegetarian and Vegan Population Across the Globe Is Boosting the Consumption of Legumes and Growing Popularity of Legumes and Legumes Based Products Among Health-Conscious Consumers
Challenges:
Less Appealing Taste and Texture of Legumes May Create Challenges for the Market
Restraints:
Increasing Prices of Pesticides, Seeds and Fertilizers May Affect the Market
Opportunities:
Use of Legume Flours and Powders in Baking and Food Production and Changing Dietary Patterns of Population in Developing Economies Is Likely To Increase the Demand for Legumes
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Legumes Growers, Suppliers & Distributors, End User Industries, Government Bodies, Research Organizations and Others