Global Legume Market Overview:
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 | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
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
Competitive Landscape:
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.
Some of the key players profiled in the report are 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). Analyst at AMA Research see United States Vendors to retain maximum share of Global Legume market by 2030. Considering Market by Category, the sub-segment i.e. Organic will boost the Legume market. Considering Market by Sales Channel, the sub-segment i.e. Online will boost the Legume market.
What Can be Explored with the Legume Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Legume Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Legume
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Legume market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Legume market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes New Entrants/Investors, Analysts and Strategic Business Planners, Legumes Growers, Suppliers & Distributors, End User Industries, Government Bodies, Research Organizations and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.