Legumes Market , by Source (Lentils, Beans, Peas, and Others), Category (Conventional and Organic) – Partner & Customer Ecosystem (Product Services, Proposition & Key Features) Competitive Index & Regional Footprints by MarketDigits - Forecast 2024 – 2032

The Legumes Market had a value of USD 11.5 Billion in 2022 and is projected to grow from USD 12.10 Billion in 2023 to USD 18.30 Billion by 2030, with a compound annual growth rate (CAGR) of 5.30% during the forecast period (2023-2030). The growth of the market is driven by increased demand for plant-based and organic products, as well as growing awareness of the health benefits associated with consuming legumes.

Market Trends in the Legumes Market:

The market growth is fueled by the rising demand for healthy diets worldwide. The prevalence of health-related issues like diabetes, gastrointestinal diseases, and obesity has increased in recent years, leading to greater consumer awareness about health and the adoption of healthier eating habits. There is a growing consumption of legume-based snacking items.

The market is also driven by the increasing interest in plant-based protein, the popularity of vegetarian and vegan diets, product innovation, government support, and sustainable farming practices. Legumes have provided opportunities for industries to create innovative products such as snacks, meat substitutes, and pasta alternatives, driving the market for sustainably grown legumes. Legumes like peas, chickpeas, lentils, and beans are considered healthy snacks. Consumers are becoming more aware of the health issues associated with obesity and diabetes, including cardiovascular and respiratory disorders, anxiety, high cholesterol, and depression. Overweight and obese individuals are at a higher risk of developing diabetes and cardiovascular diseases at a young age, leading to a growing concern for low-calorie and low-fat foods like legumes. This is expected to drive the global legumes market growth.

Companies are also introducing healthy snack options, such as roasted and seasoned chickpeas, to cater to consumer preferences. In South Asian countries like India, corn is often sold as a snack along with roasted chickpeas, and fresh chickpeas are traditionally roasted and served with lemon and cilantro. Legumes have the advantage of being non-perishable and can be stored for extended periods. As consumers shift towards plant-based food products and reduce their reliance on animal-based products, the legumes market revenue is expected to increase.

However, the availability of alternative food options is a significant constraint to the growth of the legumes market. The meat market is expanding due to its natural richness in protein, iron, energy, zinc, and potassium, leading to a preference for these high-nutrition products over legumes. Additionally, challenges such as supply and demand imbalances, higher costs, lack of awareness, and limited availability hinder the market growth.

Legumes Market Segment Insights

Legumes Type Insights

The Legumes market can be segmented based on type, which includes Lentils, Beans, Peas, and Others. Among these, the beans segment holds the largest market share in terms of revenue. This is primarily due to the growing popularity of beans and their excellent nutritional value. Processed beans, which do not require cooking, peeling, and cleaning like raw beans, are particularly favored by consumers. Navy beans, kidney beans, white beans, pinto beans, and black-eyed beans are commonly used in processed meals. Chickpeas and lentils, which have a shorter cooking time, are also expected to gain popularity in the coming years. Consumers are increasingly accustomed to both pre-cooked and dried forms of legumes, which are rich in protein and calories and help regulate blood sugar levels.

Insights on Legumes Categories:

The Legumes market can be categorized as Conventional and Organic. The conventional category currently dominates the market and is expected to grow significantly. This growth is driven by the increasing popularity of ethnic foods, the demand for nutritious diets, and cost-effectiveness, which are expected to fuel market growth.

Regional Insights on Legumes:

The market insights cover North America, Europe, Asia-Pacific, and the Rest of the World. The North American region holds the largest share in the Legumes market due to the growing demand for high-fiber and high-protein foods, as well as the increasing popularity of plant-based food products. Government initiatives in this region have also contributed to the increased consumption of legumes. The United States is the leading contributor to the Legumes market in North America.

Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Europe's Legumes market holds the second-largest market share, driven by the increasing demand for plant-based protein substitutes. Among European countries, the German Legumes market has the largest share, while the UK Legumes market is experiencing the highest growth rate.

In the Asia-Pacific region, the Legumes market is expected to grow at the fastest compound annual growth rate (CAGR) from 2023 to 2032. This growth is attributed to the high consumption of lentils and the growing preference for healthy food options among consumers in this region. China's Legumes market has the largest market share in the Asia-Pacific region, while the Indian Legumes market is the fastest-growing.

Key market players in the Legumes industry are investing significantly in research and development to expand their product portfolios and drive market growth. These players are also engaging in strategic activities such as new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaborations with other organizations to strengthen their market presence. To thrive in a competitive market environment, the Legumes industry must offer cost-effective products.

Manufacturing locally to reduce operational costs is a prominent business strategy employed by Legumes industry manufacturers to benefit consumers and increase their market share. In recent years, the Legumes industry has brought significant advantages to the food industry. Leading market players in the Legumes market, including Tyson Foods Inc., NAPOLINA, Bush Brothers & Company, Teasdale, General Mills, Conagra Brands, The Kraft Heinz Company, Eden Foods Inc., Goya Foods Inc, Faribault Foods Inc., and others, are investing in research and development to drive market demand.

NAPOLINA, established in Italy and launched in the UK in 1965, has become the number-one Italian cooking brand over the past 50 years. The company imports and distributes food products, specializing in tomatoes, olive oil, pasta, sauces, pizzeria items, pulses, and grated cheese, with an emphasis on quality ingredients. In April 2020, NAPOLINA expanded its product line to include a wide range of grains and pulses, such as quinoa, chickpeas, and cannellini beans, highlighting their protein-rich and low-fat properties.

Tyson Foods is a modern American multinational food company with a focus on protein products, responsible for producing over 20% of the beef, chicken, and pork in the United States. It is the second-largest global processor and marketer of chicken, pork, and beef. The company operates well-known food brands, including Jimmy Dean, Ball Park, State Fair, Wright Brand, and Hillshire Farm. Tyson Foods recently launched Legume Craft, a line of plant-based meat alternatives available in both food service and retail settings. In addition, the company expanded its Legumes division through the acquisition of Sayana, a company focused on mental wellness and health, demonstrating its commitment to diversifying its product offerings.

Key Companies in the Legumes market include

• Tyson Foods Inc.
• NAPOLINA
• Bush Brothers & Company
• Teasdale
• General Mills
• Conagra Brands
• The Kraft Heinz Company
• Eden Foods Inc.
• Goya Foods Inc
• Faribault Foods Inc.

Legumes Industry Developments

• June 2020: Bush Brothers entered into a collaboration with Beanstalk, a brand extension and licensing agency, with the objective of expanding the brand's presence in complementary food categories. The aim of this collaboration is to offer consumers a wider range of delicious and healthy food options.
• In April 2019, a vegan-friendly product featuring canned sausages and beans was introduced by a Food Company. This product included baked beans seasoned with herbs, spices, and tomatoes. Chickpeas and lentils are expected to gain popularity in the future due to their shorter cooking time.
• Also in April 2019, Teasdale launched the Simply Especial line of teas. This line includes 15.5-oz cans in five different variations, such as Chipotle Rojo, Chilli Verde, Mexican Chilli, Spicy Cuban, and Peruvian.

Legumes Market Segmentation

Legumes Type Outlook

• Lentils
• Beans
• Peas
• Others

Legumes Category Outlook

• Conventional
• Organic

Legumes Regional Outlook

• North America
• US
• Canada
• Europe
• Germany
• France
• UK
• Italy
• Spain
• Rest of Europe
• Asia-Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Australia
  • Rest of Asia-Pacific
• Rest of the World
  • Middle East
  • Africa
  • Latin America