Legumes originate from the family of Fabaceae. It incorporates those plants which produce pods with seeds inside them. It includes lentils, peas, and beans which are highly beneficial for human health. Legumes are high in calcium, protein, vitamins, and other nutrients but are low in fats and cholesterol.
Nut dietary fibers refers to the soluble and insoluble fibers obtained from edible nuts. These fibers are highly beneficial in controlling weight, reducing the risks of cardiac ailments and diabetes, and also help the human body to efficiently transport waste. Nut based dietary fibers also find widespread application in the nutraceutical, animal feed, and pharmaceutical sectors.
The Global Legumes and Nuts Dietary Fibers market is presently worth USD 7,900.0 million and is poised to amplify at a CAGR of 11.1% over 2022-2030, thereby amassing a valuation of USD 21,672.9 million by end of the assessment period.
Key growth trends and restraints of this marketplace
The rising health cognizance of the masses and shifting customer inclination towards natural consumables are the major factors influencing the expansion matrix of this marketplace.
Also, increasing veganism trends and growing prevalence of chronic disorders such as diabetes and cardiac diseases are creating lucrative development prospects for the industry.
Besides, surge in the geriatric population base which is highly susceptible to various diseases is adding momentum to the market progression.
Additionally, soaring awareness about the benefits provided by nut dietary fibres and legumes is positively swaying the dynamics of this business sphere. Alongside, the booming nutraceutical sector is aiding the market growth.
Moreover, escalating demand for functional food due to the growing pervasiveness of gastrointestinal and other lifestyle diseases is bolstering the expansion of global legumes and nuts dietary fibers market.
On the flipside, excessive consumption of dietary fibers may lead to adverse health conditions causes diseases like diarrhea. This in turn is expected to hinder the remuneration scope of this industry in the ensuring years.
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Segmental assessment of this business sphere
By Application
- Bakery
- Dairy
- Fruit beverages
- Fruit preserves
- Nutrition supplement
- Others
The nutrition supplement segment is expected to amass notable gains over 2022-2030 owing to the growing health consciousness of the masses.
By Category
- Chickpea
- Cowpea
- Field bean
- Guar
- Others
By Sales Channel
- Supermarket/hypermarket
- Specialty store
- Others
The supermarket/hypermarket segment is slated to generate significant returns over the stipulated timeframe ascribing to their easy accessibility.
By End-user
- Kids
- Adults
- Others
The adults segment is reckoned to account for a high market share over the forecast period due to the increasing prevalence of chronic and lifestyle diseases among adults.
Which is the fastest growing region in the industry?
North America, Middle East & Africa, Europe, Asia Pacific, and South America are the major regions constituting the geographical ambit of global legumes and nut dietary fibers market. Among these, North America is projected to capture a substantial revenue share over 2022-2030. This is attributable to the rising health consciousness of the masses, increase in the elderly population base, and surging per capita income of individuals.
Insights to the competitive hierarchy of the market
The prominent companies characterizing the competitive terrain of this business sphere are BENEO, ADM, Lonza, Cargill, Incorporated, DuPont, Ingredion Incorporated, Roquette Frères, Puris, Emsland Group, Kerry Inc., The Green Labs LLC, Nexira, Tate & Lyle, Farbest Brands, J. RETTENMAIER & SÖHNE GmbH + Co KG, Taiyo International, AGT Food and Ingredients, and Batory Foods.
Notably, in June 2018, the FDA gave its approval for Tate & Lyle’s STA-LITE and PROMITOR water soluble fiber range.
Major questions answered in the report
- What is the projected market valuation for global legumes and nut dietary fibers market over 2022-2030?
- What are the growth determinants of the global legumes and nut dietary fibers market?
- What are the major segments covered in the global legumes and nut dietary fibers market report?
- Which is the fastest growing region in the global legumes and nut dietary fibers market?
Key takeaways from the report
- The Global Legumes and Nuts Dietary Fibers market is presently worth USD 7,900.0 million and is poised to amplify at a CAGR of 11.1% over 2022-2030, thereby amassing a valuation of USD 21,672.9 million by 2030.
- Rising health cognizance of the masses coupled with the wide array of health benefits offered by legumes and nut dietary fibers are augmenting the industry outlook.
- The marketplace is classified in terms of application, sales type, category, and end user.
- North America is presently leading the overall market in terms of revenue share.
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