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Bean Flour Market Size

  • Report ID: GMI11629
  • Published Date: Sep 2024
  • Report Format: PDF

Bean Flour Market Size

The global bean flour market size was valued at USD 2.9 billion in 2023 and is projected to grow at 6.8% CAGR from 2024 to 2032, propelled by increasing consumer preferences for gluten-free, high-protein, and plant-based products. As dietary habits shift towards more sustainable and health-conscious choices, the demand for bean-based flours, including those made from chickpeas, black beans, and fava beans, has increased substantially.

 

A prominent trend in the market is the rising demand for gluten-free alternatives. With more individuals diagnosed with celiac disease or gluten sensitivity, consumers are seeking substitutes for traditional wheat flour. Bean flour, particularly chickpea and black bean varieties, have emerged as suitable alternatives due to their gluten-free properties, high protein content, and versatility in culinary applications.
 

For instance, the food and beverage sector play a significant role in the economy of Europe. The food and beverage sector in the European Union produced a value added of USD 248.76 billion and a turnover of USD 1207.97 billion in 2020.
 

As plant-based diets gain popularity globally, bean flour has become a preferred choice for consumers looking to increase their plant-based protein intake. Vegan and vegetarian consumers use bean flour as a substitute for animal-derived proteins in meat alternatives, plant-based snacks, and pasta products. Bean cultivation is considered environmentally sustainable due to its ability to enrich soil with nitrogen. This has attracted environmentally conscious consumers and companies, encouraging them to incorporate bean flour into their product offerings as part of their sustainability initiatives.
 

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of bean flour reached USD 2.9 billion in 2023 and is set to grow at a 6.8% CAGR from 2024 to 2032, led by increasing consumer preferences for gluten-free, high-protein, and plant-based products.

The black bean flour segment held USD 535.5 million in 2023 and is anticipated to expand at a 7.1% CAGR during 2024-2032, due to its nutrient-rich profile, particularly its high fiber and protein content, appealing to health-conscious consumers and finding increasing use in gluten-free baking and plant-based snacks.

The bean flour market size from the food & beverage segment was valued at USD 2.2 billion in 2023 and is expected to grow at a 7% CAGR from 2024 to 2032.

The supermarkets/hypermarkets segment was valued at USD 1 billion in 2023 and is projected to grow at a 7.2% CAGR from 2024 to 2032. Supermarkets and hypermarkets remain the primary distribution channels for bean flour, offering a wide range of options to consumers seeking gluten-free, vegan, or specialty flours.

The North America market was valued at USD 1.1 billion in 2023 and is expected to grow at a 7.4% CAGR, driven by strong consumer demand for gluten-free and plant-based products.

Bean Flour Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 10
  • Tables & Figures: 172
  • Countries covered: 22
  • Pages: 200
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