Legumes Market Size to Grow by $ 17.22 Billion through 2021-2025
Technavio research projects the legumes market to grow by $ 17.22 billion, accelerating at a CAGR of almost 5% till 2025. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking View Free Sample Report
Legumes Market: Key Market Driver
One of the primary factors that will trigger the growth of the legumes market size is the increasing adoption of legumes for various applications. Increasing demand for vegan sources of food to drive growth. This research report provides a comprehensive analysis of all the factors that are likely to propel market growth, taking into account the market trends as well as challenges that are likely to impede growth. The objective of this research report is to equip clients with actionable insights that will help them leverage opportunities and formulate growth strategies for their business.
Legumes Market: Vendor Analysis
The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Archer Daniels Midland Co., B&G Foods Inc., Bean Growers Australia Ltd., Cargill Inc., Conagra Brands Inc., Eden Foods Inc., General Mills Inc., Ingredion Inc., Nomad Foods Ltd., and Olam International Ltd. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
Technavio also offers custom research reports with detailed insights assessing the market from a global as well as regional perspective. This customized report will help clients keep up with new product launches in direct & indirect or related markets. It will also provide insights on upcoming developments along with a pipeline analysis of vendor operations and the impact of government regulations. For more insights on this market: Download a Free Sample Report
Browse through some of other related market research reports for more insights:
Technavio has been monitoring the global legumes market and it is expected to grow by USD 17.22 billion, accelerating at a CAGR of almost 5% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking. View Free Sample Report
Legumes Market: Segmentation by Type
The beans segment accounted for the largest share of the market in 2020. The increasing preference for convenient snacks and foods will fuel the demand for beans during the forecast period. Beans have high folate level proteins, antioxidants, and L-dopa, which are beneficial for the human body and are thus being used in salads, as food ingredients, and snacks. They are also available as canned products with various dressings as ready-to-eat or ready-to-cook food and snacks. This report provides an accurate prediction of the contribution of all the segments to the growth of the legumes market size.
Legumes Market: Segmentation by Geography
South America was the largest Legumes Market in 2020, and the region will offer several growth opportunities to market vendors during the forecast period. The growing awareness of the health benefits of legumes is one of the prime factors that will facilitate the legumes market growth in South America over the forecast period. 43% of the market growth will originate from South America during the forecast period. Brazil and Argentina are the key markets for legumes in South America. Market growth in this region will be slower than the growth of the market in APAC.
Legumes Market: Vendor Analysis
The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Archer Daniels Midland Co., B&G Foods Inc. and Bean Growers Australia Ltd. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
Technavio offers custom research reports with detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will help clients keep up with new product launches in direct & indirect COVID-19 related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19 Download a Free Sample Report
