What is the global market size of Legumes Market?

Global Legumes Market size was valued at USD 7.52 billion in 2021 and is poised to grow from USD 8.09 billion in 2022 to USD 17.25 billion by 2030, growing at a CAGR of 5.3% in the forecast period (2023-2030).

Legumes Market Size, Share, Growth Analysis, By Source(Beans, Lentils, Peas, Chickpeas), By Product Type(Whole, Flour, Oil, Others), By End User(Household, Commercial (Food Service, Food Processing)), By Region - Industry Forecast 2024-2031

Report ID: SQMIG30B2021 | Region: Global | Published Date: February, 2024
Pages: 242 | Tables: 93 | Figures: 76

Legumes Market Regional Insights

Asia Pacific dominated the global market. The two largest countries importing legumes are China and India. Canada is the supplier of about 50% of the products. Individuals are seeking out more nutritionally and healthy food options as a result of rising food safety concerns and growing health concerns. Chinese customers are more likely to favor elevated and sophisticated food products. A few varieties of raw beans are provided to Chinese consumers by companies like Dalian Taiji Trade Co. Ltd. The demand is anticipated to be driven by the increasing acceptance and inclusion of plant proteins in regular diets.

The fastest growth is anticipated to occur in North America in the future years. Due to their ease, processed beans and pulses have become more popular among Americans during the past few years. Because of these items' cost, ease of preparation, and nutritional content, consumers in the United States and Canada are including them in their meals. People's eating habits are evolving. Vegetarianism and veganism are on the rise among American consumers. Moreover, the market will see a significant increase as health awareness among the population rises.

Legumes Market Report Snapshots

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Legumes Market size was valued at USD 7.52 billion in 2019 and is poised to grow from USD 8.09 billion in 2023 to USD 17.25 billion by 2031, growing at a CAGR of 5.3% in the forecast period (2024-2031).

Several companies are focusing on growth strategies such product launches, product approvals, and others such as patents and events. Acquisitions, partnerships, and collaborations were a few of the growth plan actions that were visible in the market. These actions have made it feasible for market players to increase their clientele and revenue. With the growing demands for legumes on the market, market players in the legumes sector are likely to enjoy prosperous growth opportunities in the future. The list of a few businesses that participate in the market for legumes is listed below. 'Archer Daniels Midland Company', 'Bunge Limited', 'Cargill, Inc.', 'Olam International', 'Glencore Agriculture Limited', 'Louis Dreyfus Company B.V.', 'Marubeni Corporation', 'DOW Agrosciences LLC', 'Syngenta AG', 'Monsanto Company', 'DuPont de Nemours, Inc.', 'Limagrain', 'Land O'Lakes, Inc.', 'United Phosphorus Limited', 'Bayer CropScience AG', 'BASF SE', 'The Mosaic Company', 'Agrium Inc.', 'Yara International ASA', 'PotashCorp'

There is a growing demand for legumes as a source of protein due to growing knowledge of the health benefits of plant-based diets. A great source of protein, fiber, and other necessary nutrients, legumes can be used as a replacement for animal-based protein.

Market expansion for organic legumes: As consumers become more aware of the impacts of food production on the environment and the benefits of consuming organic foods, there is an increasing demand for organic legumes. In the coming future, a significant rise in demand is expected for organic legumes.

Asia Pacific dominated the market. The two largest countries importing legumes are China and India. Canada is the supplier of about 50% of the products. Individuals are seeking out more nutritionally and healthy food options as a result of rising food safety concerns and growing health concerns. Chinese customers are more likely to favor elevated and sophisticated food products. A few varieties of raw beans are provided to Chinese consumers by companies like Dalian Taiji Trade Co. Ltd. The demand is anticipated to be driven by the increasing acceptance and inclusion of plant proteins in regular diets.

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Legumes Market Size, Share, Growth Analysis, By Source(Beans, Lentils, Peas, Chickpeas), By Product Type(Whole, Flour, Oil, Others), By End User(Household, Commercial (Food Service, Food Processing)), By Region - Industry Forecast 2024-2031

Legumes Market Regional Insights

Legumes Market Report Snapshots

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