The global bean flour market was worth US$ 26.7 Billion in the year 2022 and is expected to reach US$ 50.01 Billion by the year 2032 at a CAGR of 6.5% between 2022 and 2032.
Bean flour is made out of crushed, split, or dried beans. Out of these, black beans, better known as ‘turtle beans’, are used all through LATAM. The contents include chlorogenic acid, oxalate, fatty acids, triterpenoid phytonutrients, flavonoids inclusive of petunidin, malvidin, delphinidin, quercetin, and kaempferol, and hydroxycinnamic acids such as ferulic and sinapic. On the other hand, white bean is a slightly flattened and an oblong variation of the common bean.
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At the same time, the fact that certain end-consumers are allergic to legumes can’t be ignored. At times, excessive consumption of bean flour may cause abdominal pain, nausea, skin itching, and vomiting as well. Besides, beans do contain a substance known as ‘purine’; which, on getting broken down does produce excess uric acid; thereby causing gout (a type of arthritis characterized by joints getting uric acid crystals). These factors may restrain the bean flour market in the forecast period.
Future Market Insights has walked through these facets with future perspectives in its latest market study entitled ‘Bean Flour Market’. It has its indigenous team of analysts and consultants for deploying the eagle’s eye-view in its primary, secondary, and tertiary modes of research.
“With the ongoing trend of going organic to continue all through, the global bean flour market is bound to grow vigorously in the years to come”, says an analyst from Future Market Insights.
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Key Takeaways from Bean Flour Market
- North America holds the largest market share with the US being subject to growing usage of bean flour in various dishes. Organic flour is amongst the most popular ones in North America. High gluten or high-protein bean flours come into picture when it comes to making hard crust or soft filling like bagel or pizza. Low-protein bean flour is used for producing soft crusts or baked products like cakes and cookies.
- Europe is expected to hold the second-largest market share due to growing awareness about advantages offered by organic bean flour that is higher in proteins, vitamins, minerals, and fibers. It thus finds its way through pastries, cookies, muffins, and various other bakery products. The UK, France, and Germany are the torchbearers.
- The Asia-Pacific is expected to grow at a rapid pace in the bean flour market due to numerous measures being taken by the governments to extend support to food fortification for reducing cases of malnutrition. Plus, healthy eating is on the agenda.
Competitive Analysis
- Vestkorn does sell bean flour that has a good amino acid profile. It could be used as a substitute for wheat flour. Faba beans are being cleansed exclusively for removing any of the foreign contaminants and ascertain that no soybeans or wheat are present. Faba beans are next-dehulled, with hulls and kernels removed for yielding a pure kernel absolutely ready for possession. Vestkorn faba bean flour does have nearly 48% carbs and 30% protein; thereby rendering it a good source of protein.
- Nikken Foods does provide Black Bean Powder, i.e. 7036, which is vacuum-dried black bean paste that is being prepared from black soybeans on maltodextrin carrier. It does add an authentic, conventional, full-flavored Asian seasoning flavor to the salad dressings, soups, dips, sauces/marinades, appetizers, snacks, and entrees.
What does the Report floor?
- The research study is based on product type (black bean flour and white bean flour), and by nature (conventional bean flour and organic bean flour).
- With proven health benefits like prevention of cardiovascular ailments and lowering the forms of cancer, improving the gut health, regulating blood sugar, and likewise, the global bean flour market is bound to grow notably in the years to come.
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Key Segments Profiled In the Global Bean Flour Market Report
Bean Flour Market by Product Type:
- Black Bean Flour
- White Bean Flour
Bean Flour Market by Nature:
- Conventional Bean Flour
- Organic Bean Flour
Bean Flour Market by Region:
- North America Bean Flour Market
- Latin America Bean Flour Market
- Europe Bean Flour Market
- East Asia Bean Flour Market
- South Asia Bean Flour Market
- Oceania Bean Flour Market
- Middle East & Africa Bean Flour Market
About FMI
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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