Sales of Adzuki Bean Pasta Is Projected to be Valued at More than US$ 7 billion by 2029
Sales of Adzuki Bean Pasta Is Projected to be Valued at More than US$ 7 billion by 2029
Published by top news
Posted on August 2, 2021
The remarkable trend of gluten free food consumption is sharply coinciding with the global impetus to create a burgeoning category of pasta from beans and legumes in lieu of conventional variants such as wheat pasta and rice pasta. Bean pasta is seeing rampant adoption on the back of its convenience and taste profile, which has long been considered as a trend in restaurants and homes alike.The sales of bean pasta market is projected to be valued at more than US$ 7 billion, and is poised to grow at a staggering CAGR of over 12% during the forecast period
The movement towards vegetarianism and “flexitarism” among western consumers is causing a significant change in the consumption pattern of pasta staples. Moreover, a subtle shift in consumer tastes is being observed, driven by perceived carbohydrate reduction benefits and the rise of alternative grain options such as quinoa. This has led to a very sharp increase in the overall demand for bean pasta in developed regions.
Conventional bean pasta is exhibiting prolific demand in line with an increased focus on good health and growing food adulteration incidences
Presently, North America holds the largest share (over 40%) within the global bean pasta market. The high demand for organic products as a deeply entrenched market trend aimed at health and wellness is fueling the growth of the market in this region
APAC will witness the highest CAGR growth rate of over 16% in the bean pasta market during the forecast period. The growing per capita income in emerging economies, particularly India and China is expected to create substantial growth opportunities for the bean pasta market in the near future
In terms of distribution channel, store based retail accounted for the largest share of about 90% in 2018. Majority of bean pasta producers prefer to channel their products through retail units.
With e-commerce giants such as Amazon, Walmart and Target taking keen interest in online grocery delivery, the online retail segment will showcase the highest growth rate of over 18% during the forecast period
“With a high growth trend observed in vegan cultivation and vegetarianism, bean pasta will go hand in hand with manufacturers focusing on expanded portfolio. Branding their products with environmental and nutritional benefits will be the key agenda” says the Fact.MR analyst
For clearer understanding of the Bean Pasta Market, analysts have segmented the market. The segmentation has been done on the basis of application, technology, and users. Each segment has been further explained with the help of graphs figures. This breakdown of the market gives the readers an objective view of the global Bean Pasta Market, which is essential to make sound investments.
Nature
Organic
Conventional
Product Type
White Bean Pasta
Black Bean Pasta
Mung Bean Pasta
Adzuki Bean Pasta
Soybean Pasta
Edamame
Green Bean
Pasta Type
Spaghetti
Fettuccine
Rotini
Penne
Elbow
Shell
Others
Packaging Type
Pouches
Cartons
Cans
Distribution Channel
Store Based Retailing
Supermarkets / Hypermarkets
Convenience Stores
Specialty Stores
Food & Drink Specialty Stores
Others
Online Retail
Following Questions Answers Covered in the Report are:
How will the global Bean Pasta Market perform during the forecast period? What will be the market size in terms of value and volume?
Which segment will drive the global Bean Pasta Market? Which regional market will show extensive growth in the future? What are the reasons?
How will the market dynamics change because of the impact of future market opportunities, restraints, and drivers?
What are the key strategies adopted by players to sustain themselves in the global Bean Pasta Market?
How will these strategies influence the market growth and competition?
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.
Contact:
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
The remarkable trend of gluten free food consumption is sharply coinciding with the global impetus to create a burgeoning category of pasta from beans and legumes in lieu of conventional variants such as wheat pasta and rice pasta. Bean pasta is seeing rampant adoption on the back of its convenience and taste profile, which has long been considered as a trend in restaurants and homes alike.The sales of bean pasta market is projected to be valued at more than US$ 7 billion, and is poised to grow at a staggering CAGR of over 12% during the forecast period
The movement towards vegetarianism and “flexitarism” among western consumers is causing a significant change in the consumption pattern of pasta staples. Moreover, a subtle shift in consumer tastes is being observed, driven by perceived carbohydrate reduction benefits and the rise of alternative grain options such as quinoa. This has led to a very sharp increase in the overall demand for bean pasta in developed regions.
Conventional bean pasta is exhibiting prolific demand in line with an increased focus on good health and growing food adulteration incidences
Presently, North America holds the largest share (over 40%) within the global bean pasta market. The high demand for organic products as a deeply entrenched market trend aimed at health and wellness is fueling the growth of the market in this region
APAC will witness the highest CAGR growth rate of over 16% in the bean pasta market during the forecast period. The growing per capita income in emerging economies, particularly India and China is expected to create substantial growth opportunities for the bean pasta market in the near future
In terms of distribution channel, store based retail accounted for the largest share of about 90% in 2018. Majority of bean pasta producers prefer to channel their products through retail units.
With e-commerce giants such as Amazon, Walmart and Target taking keen interest in online grocery delivery, the online retail segment will showcase the highest growth rate of over 18% during the forecast period
“With a high growth trend observed in vegan cultivation and vegetarianism, bean pasta will go hand in hand with manufacturers focusing on expanded portfolio. Branding their products with environmental and nutritional benefits will be the key agenda” says the Fact.MR analyst
For clearer understanding of the Bean Pasta Market, analysts have segmented the market. The segmentation has been done on the basis of application, technology, and users. Each segment has been further explained with the help of graphs figures. This breakdown of the market gives the readers an objective view of the global Bean Pasta Market, which is essential to make sound investments.
Nature
Organic
Conventional
Product Type
White Bean Pasta
Black Bean Pasta
Mung Bean Pasta
Adzuki Bean Pasta
Soybean Pasta
Edamame
Green Bean
Pasta Type
Spaghetti
Fettuccine
Rotini
Penne
Elbow
Shell
Others
Packaging Type
Pouches
Cartons
Cans
Distribution Channel
Store Based Retailing
Supermarkets / Hypermarkets
Convenience Stores
Specialty Stores
Food & Drink Specialty Stores
Others
Online Retail
Following Questions Answers Covered in the Report are:
How will the global Bean Pasta Market perform during the forecast period? What will be the market size in terms of value and volume?
Which segment will drive the global Bean Pasta Market? Which regional market will show extensive growth in the future? What are the reasons?
How will the market dynamics change because of the impact of future market opportunities, restraints, and drivers?
What are the key strategies adopted by players to sustain themselves in the global Bean Pasta Market?
How will these strategies influence the market growth and competition?
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.
Contact:
US Sales Office: 11140 Rockville Pike Suite 400 Rockville, MD 20852 United States Tel: +1 (628) 251-1583
