Legumes Market Demand | Key Players Strategy, Industry News, Size, Value Share and Forecast to 2024
Legumes Market Global Information by Source (Beans, Lentils, Peas and others), Product Type (Whole, Flour, Oil and others), End Use (Household and Commercial [Food Service and Food Processing]) and Region
pune, India – June 30, 2020 /MarketersMedia/ —
Market Overview
Global Legumes Market has seen significant developments in recent times due to a rise in demands for healthy products and growing health-conscious consumers. These products are readily prepared for consumption by just adding the spices and is available in ready to eat forms. Legumes are highly capable of preventing diseases and, at the same time, reduce any advert health issues, which has increased its demands in recent times. The growing awareness and requirements for better products have resulted in the unstoppable growth of this market. Legumes have high protein and vitamin concentrations making it a suitable food supplement.
Besides other products, legumes are a cheap and healthy source of a healthy diet, making it an instant hit among the consumers globally as the awareness is increasing. Also, the change in interests from animal-based sources to vegetarian sources is further boosting this market. The rise in health issues like diabetes, digestion disorders, and others have increased the acceptance of legumes and are majorly contributing to this market.
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The qualities in legumes have lowered the risk of cancer, useful in regulating blood sugar levels, and can boost the immune system. This report will provide a detailed outlook of the market trends, drivers & restraints, opportunities, growth rates, and others, followed by the details of regional markets. During the survey period, the global legumes market is anticipated to show a 04 % annual growth rate during this period.
Key Players
B&G Foods (US), The Archer Daniels Midland Company (US), Conagra Brands Inc (US), Eden Foods Inc (US), Dunns Limited (UK), 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)
Industry News
Global Legumes Market has received a decent response from around the world and is looking towards secure futures. Unhealthy lifestyles and diet activities have increased the demands for food supplements, and legumes are an excellent source of nutrition, making it suitable for all people. Also, the changing interest of people from animal-based supplements to plant-based supplements is further boosting the market as they have equal benefits with nearly zero side effects. However, the allergies to legumes among some people are restraining the market’s growth rates.
Market Breakdown
Based on sources, the global legumes marker is segmented into peas, beans, and other sources.
Based on types of products, the global legumes market is categorized into oils, flour, and other products.
Based on end-users, the global legumes market is divided among household and commercial markets.
Regional Classification
With the increasing demands for better and healthy products, the applications for legumes have surged. The current global market is observed based on four major regions, namely North America, Europe, Asia Pacific, and the rest of the world. The Asia Pacific region is leading the herd in the current era. It is expected to maintain its lead because it is anticipated to file the highest growth rates in the projected period due to unhealthy lifestyles, demands for plant-based supplements, vast population, nutritionally rich fruit products. Rapidly developing economies like India, China, Australia, and others show the highest growth rates and maximum opportunities. Also, the rapidly expanding food industry and rising demand for packaged food products boost the market in this region.
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