The global bean ingredients market was valued at approximately USD 2,524.00 million in 2022 and is expected to reach USD 3,672.65 million by the end of 2030, growing at a CAGR of around 4.80% from 2022 to 2030.
Market Overview:
Bean ingredients are considered one of the most cost-effective and environmentally friendly sources of protein, known for their high fiber, low fat, and nutrient content, including iron and folic acid. The minerals present in beans, such as calcium, potassium, magnesium, folate, and antioxidants, contribute to overall health. Bean components find application in various processes, including coffee flour, chocolate, and other organic foods. Many suppliers offer organic, gluten-free, and allergen-free beans, appealing to health-conscious consumers. The coffee industry is a major user of bean ingredients. The market for bean ingredients is experiencing significant growth and is expected to expand further.
Major Key Players:
Archer Daniels Midland Company (US), Cargill Incorporated (US), Vermont Bean Crafters (US), Inland Empire Foods (US), Faribault Foods, Inc. (US), Better Bean (US), Globeways Canada Inc (Canada), BENEO (Germany), Mara Global Foods (Australia), Olam International (Singapore), Other Major Players
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Market Drivers and Opportunities:
The growth of the bean ingredients market is driven by the increasing application of beans in various food production processes due to their convenient consumption and high nutritional content. The demand for coffee and cocoa products also contributes to the upsurge in bean ingredients production, facilitated by their easy availability and affordability. Continuous technological advancements are replacing conventional and high-cost methods of bean ingredient processing, creating opportunities for manufacturers. The significant health and beauty benefits of coffee and cocoa encourage strong customer demand for these products, leading to increased global bean ingredient production.
Bean Ingredients Market Segmentation:
By Type
- Organic Bean Ingredients
- Conventional Bean Ingredients
- Gluten-free
- Allergen-free
By Ingredient Type
- Flour
- Protein
By End-Use Industry
- Processed Food Production
- Coffee-Based Products
- Cocoa-Based Products
- Others
By Distribution Channel
- Supermarket and Hypermarket
- Convenience Store
- Online Store
- Others
The bean ingredients market is segmented based on Type, Ingredient Type, End-Use Industry, and Distribution Channel. The Organic Bean Ingredients segment is anticipated to dominate the market over the forecast period. Increasing consumer awareness of the health benefits of organic products and a preference for natural items with fewer chemicals and additives drive the demand for organic bean ingredients. Health-conscious consumers are increasingly interested in organic and natural foods to address health issues like diabetes, high blood pressure, obesity, and other diseases, thereby driving the demand for organic bean ingredients. Organic farming practices promote soil fertility, reduce pollution, and conserve water and energy, making organic beans an ideal choice for health-conscious individuals seeking nutrients free from chemicals or adulterants.
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For this report, Introspective Market Research has segmented the Bean Ingredients Market based on region:
Regional Outlook (Revenue in USD Million; Volume in Units, 2023-2030)
North America is expected to dominate the bean ingredients market during the forecast period. The region is known for its high consumption of beans, which play an essential role in the North American diet, offering high protein and fiber content, making them popular ingredients in various foods. Increasing health consciousness among the North American population drives the demand for healthy and natural foods, with beans considered a healthy and natural ingredient. The growing trend of veganism and plant-based diets also contributes to the rising demand for plant-based ingredients, including beans. North American governments have enacted favorable regulations to promote the use of natural and healthy ingredients in food, leading to increased production and consumption of beans in the region. The North American region also has a favorable climate for bean cultivation, ensuring a steady supply of raw materials for bean ingredient production.
- North America (US, Canada, Mexico)
- Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
- Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
- Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
- Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
- South America (Brazil, Argentina, Rest of SA)
Recent Developments:
In November 2022, BENEO showcased new faba bean ingredients, including faba bean protein concentrate and starch-rich flour, at the IFT Food Expo. These innovative faba bean ingredients offer texture improvement in meat and dairy alternatives, as well as protein enrichment in a wide array of foods.
In December 2019, Roquette, a global leader in plant-based ingredients, launched two new plant-based textured proteins derived from peas and fava beans. These textured proteins address the growing consumer demand for sensory diversity and sustainable nutritional improvement in plant-based products.
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Scope of the Report:
The latest research on the Bean Ingredients Market provides a comprehensive overview of the market for the years 2023 to 2030. It gives a comprehensive picture of the global Bean Ingredients industry, considering all significant industry trends, market dynamics, competitive landscape, and market analysis tools such as Porter's five forces analysis, Industry Value chain analysis, and PESTEL analysis of the Bean Ingredients Market. Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years. The report is designed to help readers find information and make decisions that will help them grow their businesses. The study is written with a specific goal in mind to give business insights and consultancy to help customers make smart business decisions and achieve long-term success in their particular market areas.
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