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 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).

The legumes market is increasing fast, driven by factors such as rising interest in plant-based protein, health benefits, the popularity of vegan and vegetarian diets, the development of new products, sustainable farming practices, and government support. Legumes provide an opportunity for companies to develop novel and inventive goods, such as snacks, pasta, and meat substitutes, and to tap into the market for sustainably grown legumes, given the rising demand for healthy and sustainable food choices. Additionally, the market provides firms a chance to meet the growing need for plant-based protein and support international efforts to improve food security and nutrition.

Legumes such as beans, chickpeas, and peas are considered to be natural foods. They are simple to prepare and frequently served as snacks. The increasing number of diseases such diabetes, obesity, and digestive problems is the reason driving consumers to adopt nutritious meals. Due to the fact that legumes decrease and prevent the development of a number of health problems, the market is expected to expand over the upcoming years.

Companies are offering a wide range of products in the form of snacks in various regions based on the taste preferences of the consumer. For instance, Turkey eats a lot of spiced, salted, and roasted chickpea snacks. Chickpea-based snacks are supplied by companies such as Biena Snacks and Pulse Roasted Chickpeas. Indian companies sell roasted corn & chickpeas as a snack. It has been observed that the South Asian market has a significant demand for fresh chickpeas with coriander and lemon.

US Legumes Market is poised to grow at a sustainable CAGR for the next forecast year.