Legumes Market Segmentation, Applications, Technology and Forecasts to 2027

The Global Legumes Market is projected to register a CAGR of 3.32% from 2019 to 2024 and reach a value of USD 104.31 billion, by 2024. Legumes such as beans are rich in folate, which plays an important role in reducing fatigue and heart palpitations. Lentils are a good source of dietary fibers, they help lower cholesterol levels. Lentils are considered good for the overall health of bones, as they contain high amount of calcium. Peas are known to be an immune booster, as they are rich in  vitamin C. These health benefits offered by legumes are driving the growth of the global legumes market. The increase in demand for legumes by the vegan population and rise in health consciousness among the population are anticipated to drive the market growth.

Legumes Market Trends

The global legumes market has been segmented on the basis of source, product type, end use, and region.

Based on source, the global legumes market has been divided into beans, lentils, peas, and others. The lentils segment is anticipated to constitute a dominant share of the market due to large-scale consumption in Asia-Pacific. The beans segment is projected to expand at the highest CAGR during the review period due to increasing demand from health-conscious consumers and rising use in the food processing industry.   

Regional Analysis

By region, the global legumes market has been categorized as North America, Europe, Asia-Pacific, and the rest of the world.

Asia-Pacific is expected to dominate the global legumes market due to rapid developments in the food processing indutry in the region. The market in North America is expected to account a significant market share during the review period owing to high awareness among consumers about the health benefits associated with the consumption of legumes. Growing vegan population in Europe fuels the market growth in the region.   

The market in the rest of the world is expected to grow at a steady rate due to the rise in the demand for high-protein food.

Key Players

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), B&G Foods (US), The Archer Daniels Midland Company (US), Conagra Brands Inc (US), Eden Foods Inc (US), and Dunns Limited (UK) are some of the major key players in the global legumes market.

Complete Report Details @ https://www.marketresearchfuture.com/reports/legumes-market-8254   

About Market Research Future

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Comments