About this market
High consumption of legume-based snacking items to drive market growth. Legume is widely used by consumers for the preparation of snacking items. Legumes such as chickpeas, peas, and beans are considered healthy snacking items. For instance, chickpeas are healthy snacks and simple to prepare. They are easy to prepare at home by adding spices and are also readily available in the market as ready-to-eat products. analysts have predicted that the legumes market will register a CAGR of nearly 6% by 2023.
Market Overview
Increasing demand for healthy diet
The past three years have witnessed a drastic rise in the occurrence of health problems such as digestive disorders, diabetes, and obesity in the global population. This has made people health conscious and is pushing them to follow a healthy diet. Thus, the demand for legumes is rising as they prevent and reduce the onset of various health issues.
Product recalls due to risk of allergies
Many individuals may experience allergic reactions after consuming legumes or foods containing legume ingredients. Reactions can be severe and can include anaphylaxis. The market saw several products recalls in recent times, which are expected to affect the market growth and lower consumer trust in lupin products.
For the detailed list of factors that will drive and challenge the growth of the legumes market during the 2019-2023, view our report.
Competitive Landscape
The market appears to be fragmented and with the presence of several companies including EDEN FOODS and General Mills the competitive environment is quite intense. Factors such as the increasing demand for healthy diet and the high consumption of legume-based snacking items, will provide considerable growth opportunities to legumes manufactures. Archer Daniels, Midland, B&G Foods, Conagra Brands, EDEN FOODS, and General Mills are some of the major companies covered in this report.