Market Overview:
The Global Bean Ingredients Market size was reasonably estimated to be approximately USD 2,524.00 Million in 2022 and is poised to generate revenue of over USD 3,672.65 Million by the end of 2030, projecting a CAGR of around 4.80% from 2023 to 2030.
Beans are highly regarded as a cost-effective and environmentally friendly source of protein, known for their health benefits due to high fiber, low fat, iron, and folic acid content. The market for bean ingredients is expanding significantly, driven by their use in creating organic foods, chocolate, and coffee flour. Suppliers offer a range of options, including gluten-free, allergen-free, and organic bean ingredients enriched with antioxidants, calcium, potassium, magnesium, and folate, meeting the growing demand for nutritious and health-conscious products.
Top Key Players for Bean Ingredients Market:
- Archer Daniels Midland Company (US)
- Cargill Incorporated (US)
- Mara Global Foods (Australia)
- Olam International (Singapore)
- Vermont Bean Crafters (US)
- Inland Empire Foods (US)
- BENEO(Germany)
- Faribault Foods, Inc. (US)
- Better Bean (US)
- Globeways Canada Inc (Canada) and Other Major Players
Market Dynamics and Factors:
Increasing Bean Ingredients Application in Various Food Production The bean ingredients market is experiencing significant growth due to the increasing adoption of beans for their nutritional value and convenience. The demand is further propelled by the rising popularity of coffee and cocoa products, along with the easy availability and affordability of bean ingredients. The market's expansion is driven by their versatile use in organic food, chocolate, and coffee flour production, with continuous improvements to meet consumer needs, offering gluten-free, allergen-free, and organic options rich in antioxidants, potassium, magnesium, folate, and calcium. Additionally, technological advancements are replacing costly conventional methods, presenting opportunities for manufacturers. With the growing demand, the bean ingredients market is expected to continue flourishing in the upcoming years. Global bean ingredient production is primarily sourced from coffee and cocoa beans, presenting major market players with the opportunity to expand their production in these areas. The increasing global demand for coffee, driven by coffee powder made from coffee beans, and the widespread use of cocoa beans in various products like cocoa butter, cosmetics, and moisturizing creams, are encouraging customer demand for these ingredients due to their health and beauty benefits. to diverse consumer demands.
The Bean Ingredients Market Report Highlight:
By Type, the Organic Bean Ingredients segment is anticipated to dominate the Market Over the Forecast period. The demand for organic bean ingredients is rising as consumers increasingly prioritize natural and healthier choices, seeking products free from synthetic fertilizers and pesticides.
By End-Users, the coffee-based products segment is dominating the bean ingredients market due to the surging global demand for coffee and its derived products like coffee powder. Additionally, the health and beauty benefits of coffee encourage strong customer demand, further driving its dominance in the market.
The North America's dominance in the bean ingredients market is driven by its high consumption of beans, as they are a significant part of the regional diet with their rich protein and fiber content. The increasing health consciousness and demand for natural foods in the North American population further boost the popularity of beans as a healthy and natural ingredient. The growing trend of veganism and plant-based diets also contributes to the demand for beans as a preferred ingredient in vegan and plant-based products.
Key Industry Development:
In June 2023, Nestlé has introduced a game-changing addition to the world of frozen desserts with the launch of plant-based ice cream pints made from cannellini beans. Departing from traditional dairy and nut-based alternatives, Nestlé's innovation utilizes cannellini beans as a base, presenting a unique and creamy texture that defies conventional expectations.
In May 2023, Ajinomoto has unveiled a revolutionary texturized fava bean ingredient that mimics the texture of meat with uncanny accuracy. This versatile and innovative ingredient opens up new possibilities for plant-based culinary creations, particularly in the realm of burgers, crumbles, and various other meat alternatives.
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
For this report, Introspective Market Research has segmented the Bean Ingredients Market based on region:
Regional Outlook (Revenue in USD Million; Volume in Units, 2022-2028)
- North America
- The U.S.
- Canada
- Mexico
- Eastern Europe
- Russia
- Bulgaria
- The Czech Republic
- Hungary
- Poland
- Romania
- Rest of Eastern Europe
- Western Europe
- Germany
- UK
- France
- Netherlands
- Italy
- Spain
- Rest of Western Europe
- Asia Pacific
- China
- India
- Japan
- Singapore
- Australia
- New-Zealand
- Rest of APAC
- Middle East & Africa
- Turkey
- Saudi Arabia
- Qatar
- UAE
- Israel
- South Africa
- South America
- Brazil
- Argentina
- Rest of SA
