Latest News:- Packaged Sprouts Market: Bean sprouts is expected to lead the Product segment during 2024-2028

Packaged Sprouts Market to grow at a CAGR of 10% during 2024-2028

The Packaged Sprouts Market is expected to grow at a CAGR of 10% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 2654 million. The global vegan population has witnessed substantial growth, reaching nearly 79 million as of January 2021, marking a 3% increase from the previous year. This trend is particularly noticeable in the United States, where there is a rising preference for health-conscious diets rich in fiber and proteins. Dried fruits, superfoods, and packaged sprouts have gained popularity among vegans as protein-rich alternatives to animal products. In Europe, the vegan population has doubled since 2016, reaching 2.6 million, underscoring this global shift in dietary preferences. 

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The Bean sprouts subsegment is expected to dominate the Product segment during the forecast period 

Technavio analysts predict that the Bean sprouts subsegment will lead the Product segment during 2024 and 2028 The packaged sprouts market encompasses a variety of offerings, including brown rice, buckwheat, amaranth, kamut, quinoa, oat, vegetable, leafy, radish, broccoli, beet, and mustard green sprouts. In the packaged bean sprouts segment, there exists a moderate degree of fragmentation, with numerous regional and local vendors present. Notably, mung bean sprouts represent the largest category of sprouts consumed globally, with APAC being the leading market in 2023. China and India were the world's top producers of mung beans, while Japan and China were the leading consumers of mung bean sprouts. Soybean sprouts emerged as the most consumed category in South Korea and have gained significant traction in the global packaged sprouts market. In 2023, soybean sprouts showed strong growth potential.

Here are the various ways based on which the market is segmented: 

• Product
  • Bean sprouts
  • Brussels sprouts
  • Alfalfa sprouts
• Geography
  • APAC
  • Europe
  • North America
  • Middle East and Africa
  • South America

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There are several factors that are causing the market to flourish growing prominence of organized retailing

Learn which are the obstacles that the market is experiencing in the way of its growth by accessing the free PDF report

Research Analysis Overview

The Packaged Sprouts Market offers a variety of nutrient-rich sprouts, including beansprouts, pea sprouts, lentil, adzuki, garbanzo, soybean, mung bean, black bean, kidney bean, green pea, and snow pea. These seeds, once germinated through soaking and controlled temperature and moisture, provide essential nutrients for digestion, regulating blood sugar levels, and reducing heart disease risk. Packaged sprouts of sprouted grains like brown rice, buckwheat, amaranth, kamut, quinoa, and oat sprouts also offer similar health benefits. However, proper handling and storage are crucial to prevent food poisoning.

Market Research Overview

The packaged sprouts market represents a segment within the broader packaged foods and meats industry, focusing on vendors engaged in the processing and packaging of sprouts to ensure food safety and prolong shelf life. According to Technavio, the global packaged foods and meats market size is determined by the consolidated revenue generated by these entities. It's essential to note that this market excludes manufacturers of food processing equipment and producers of packaged alcoholic and non-alcoholic beverages. The growth of the global packaged foods and meats market, including the packaged sprouts segment, is influenced by several factors. One significant factor is the increasing consumer preference for nutritious, minimally processed foods. Sprouts, being rich sources of essential nutrients like potassium, dietary fiber, folate, vitamin A, and vitamin C, cater to this demand. Moreover, the health benefits of sprouts, such as improved digestion, stabilized blood sugar levels, and reduced risk of heart disease, further bolster market growth. However, challenges such as food poisoning risks due to inadequate germination, temperature control, and moisture management must be addressed to ensure consumer safety and trust.

The Packaged Sprouts Market is experiencing significant growth, fueled by the growing prominence of organized retailing. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

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