Legumes Market Research Report - Global Forecast till 2030

Legumes Market Research Report: Information by Source (Beans, Lentils, Peas and others), Product Type (Whole, Flour, Oil and others), End Use (Household and Commercial [Food Service and Food Processing]) and Region (North America, Europe, Asia-Pacific and Rest of the World) - Forecast till 2030

ID: MRFR/F-B & N/6782-HCR | November 2022 | Region: Global | 111 Pages         

Legumes Market

Legumes market size is anticipated to reach USD 17.25 billion by 2030, registering a CAGR of 5.3% during 2022-2030.

Segmentation

By Source Beans Lentils Peas Others
By Product Type Whole Flour Oil Others
By End Use Household Commercial
By Region North America Europe Asia-Pacific Rest of the World

Key Players

  • B&G Foods (US)
  • The Archer Daniels Midland Company (US)
  • Conagra Brands Inc (US)
  • Eden Foods Inc (US)
  • Dunns Limited (UK)
  • Olam International (Singapore)
  • General Mills Inc (US)
  • Galdisa USA (US)
  • Nomad Foods (UK)
  • Puris Proteins LLC (US)
  • ILRAMA AGRO LLC (Uzbekistan)
  • Nefis Bulgar Ltd. (Turkey)
  • BIMARKET LLC (Ukraine)
  • AGT Foods USA (US)
  • Anchor Ingredients Co LLC (US)

Drivers

  • Legumes have antioxidant properties and help lower the risk of cancer
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Legumes Market Scenario


TheLegumes Market is expected to register a CAGR of 5.3% from 2022 to 2030 and reach USD 17.25 billion by the end of 2030. Legumes include beans, lentils, and peas. Lentils are rich in polyphenols, which protects from harmful ultraviolet (UV) radiations. These are also a good source of protein and iron. Beans are a good source of protein, especially when consumed with lentils. They have antioxidant properties and help lower the risk of cancer. Green peas help regulate blood sugar levels and act as immune boosters, when consumed regularly. Legumes are affordable in most of the countries around the globe and are a good source of daily recommended nutrition. Most legumes can be stored for a long duration as they are non-perishable. These factors are fueling the growth of the legumes market. Moreover, many consumers are shifting from animal-sourced food to  plant-based food and food products, which is anticipated to drive the market growth.


Segmentation


The market has been segmented on the basis of source, product type, end use, and region. Based on source, the market has been classified as beans, lentils, peas, and others. In terms of product type, the market has been divided into whole, flour, oil, and others. By end use, the market has been bifurcated into household and commercial. The commercial segment is sub-segmented into food service and food processing.


The global market has been categorized for four key regions, namely North America, Europe, Asia-Pacific, and the rest of the world. The North American market has further been segmented into the US, Canada, and Mexico. The legumes market in Europe has been classified as the UK, Germany, France, Italy, Spain, and the rest of Europe. The market in Asia-Pacific has been divided into China, India, Japan, Australia and New Zealand, and the rest of Asia-Pacific. The market in the rest of the world has been segmented into South America, the Middle East, and Africa.


Key Players



  • B&G Foods (US)

  • The Archer Daniels Midland Company (US)

  • Conagra Brands Inc (US)

  • Eden Foods Inc (US)

  • Dunns Limited (UK)

  • Olam International (Singapore)

  • General Mills Inc (US)

  • Galdisa USA (US)

  • Nomad Foods (UK)

  • Puris Proteins, LLC (US)

  • ILRAMA AGRO LLC (Uzbekistan)

  • Nefis Bulgar Ltd. (Turkey)

  • BIMARKET LLC (Ukraine)

  • AGT Foods USA (US)

  • Anchor Ingredients Co, LLC (US)


Regional Market Summary


Global Legumes Market Share (%), by Region, 2021  Legumes Market


Source: Secondary Sources and MRFR Analysis


Asia-Pacific is expected to dominate the global market. The market in the region is anticipated to expand at the highest CAGR during the forecast period due to rapidly increasing population leading to the increase in demand for food. Moreover, lentils are consumed on a large scale in countries such as India, Australia, and Nepal, which is expected to boost the growth of the market in the region. North America is expected to account for a significant market share during the review period owing to the increasing demand for food containing high protein and fiber. Additionally, Canada and Brazil are among the leading consumers of lentils and beans, respectively. This is anticipated to drive the growth of the legumes market in the North America and the rest of the world.   


The market in the rest of the world is expected to grow at steady CAGR as the demand for legumes is increasing in South American countries such as Argentina and Chile.


Global Legumes Market, by Source



  • Beans

  • Lentils

  • Peas

  • Others


Global Legumes Market, by Product Type



  • Whole

  • Flour

  • Oil

  • Others


Global Legumes Market, by End Use



  • Household

  • Commercial

    • Food Service

    • Food Processing




By Region



  • North America

    • US

    • Canada

    • Mexico





  • Europe

    • Germany

    • France

    • Italy

    • Spain

    • UK

    • Rest of Europe





  • Asia-Pacific

    • Japan

    • China

    • India

    • Australia and New Zealand

    • Rest of Asia-Pacific





  • Rest of the World (RoW)

    • South America

    • Middle East

    • Africa




Intended Audience



  • Farmers and growers

  • Legume traders and distributors

  • Research and development institutes

  • Potential investors

  • Raw material suppliers

  • Nationalized laboratories



Report Scope:

Report Attribute/Metric Details
  Market Size   USD 17.25 Billion
  CAGR   5.3%
  Base Year   2021
  Forecast Period   2022-2030
  Historical Data   2020
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Source, Product Type, End Use, and Region
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   B&G Foods (US), The Archer Daniels Midland Company (US), Conagra Brands Inc (US), Eden Foods Inc (US), Dunns Limited (UK), Olam International (Singapore), General Mills Inc (US), Galdisa USA (US), Nomad Foods (UK), among others
  Key Market Opportunities   Consumers are shifting from animal-sourced food to plant-based food and food products
  Key Market Drivers   Legumes have antioxidant properties and help lower the risk of cancer


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Frequently Asked Questions (FAQ) :

The legumes market projected to grow at a 5.3% CAGR between 2022-2030.

Asia Pacific is the leading regional market due to rapidly increasing population leading to the increase in demand for food.

Leading players in the legumes market include B&G Foods (US), The Archer Daniels Midland Company (US), Conagra Brands Inc (US), Eden Foods Inc (US), Dunns Limited (UK), Olam International (Singapore), General Mills Inc (US), Galdisa USA (US), Nomad Foods (UK), among others.

Major sources of legumes industry include beans, lentils, peas and others.