![Canned Legumes Market](https://www.skyquestt.com/assets/frontend/images/upcoming_reports_cover_image.jpg)
Report ID: UCMIG30I2270
Report ID:
UCMIG30I2270 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
Originating with a valuation of USD 2.56 billion in 2019, the global canned legumes market is positioned for expansion, projecting a significant compound annual growth rate (CAGR) of 4.0% from 2020 to 2027. This surge is propelled by the mounting preference for convenient food choices, particularly among the growing working population, including dual-income households. As modern lifestyles demand ease and efficiency, canned legumes offer a practical solution that resonates with these trends. Furthermore, the health-conscious wave sweeping through consumers has heightened the demand for canned legumes, recognized as a valuable source of plant-based proteins. The market's growth trajectory is further bolstered by the increasing significance of ethnic cuisines, amplifying the demand for legumes like lentils and chickpeas, integral to diverse culinary traditions.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Packaged Foods & Meats by segment aggregation, the contribution of the Packaged Foods & Meats in Food, Beverage & Tobacco and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG30I2270