The global bean flour market is predicted to be worth US$ 2,788.7 million in 2023, rising to US$ 5,209.5 million by 2033. During the projection period of 2023 to 2033, the market is estimated to grow at a CAGR of 6.4%.
Crushed, split, or dried beans are used to make bean flour. Black beans, sometimes known as ‘turtle beans,’ are widely utilised throughout LATAM. Chlorogenic acid, oxalate, fatty acids, triterpenoid phytonutrients, flavonoids including petunidin, malvidin, delphinidin, quercetin, and kaempferol, and hydroxycinnamic acids such as ferulic and sinapic are among the constituents. White bean, on the other hand, is a somewhat flattened and oblong variety 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.
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 Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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