The bean flour market is expected to grow from USD 2788.7 million in 2023 to USD 5209.5 million by 2033, with a CAGR of 6.4% from 2023 to 2033.
Key Takeaways
- The bean flour sector expanded at a CAGR of 6.4% from 2023 to 2033.
- By 2033, the bean flour market is projected to expand to a value of US $5,033.4 million.
- In 2022, the United States dominated the bean flour market with a share of 22.4%.
- In 2022, Germany expanded significantly in the bean flour market business, with a share of 8.9%.
- Japan emerged as a dominant player in the bean flour market in 2022, securing a substantial 2.1% market share.
Market Competition
The key players in this market include Nikken Foods, Xi’an Sost Biological Science & Technology Co. Ltd., Bob’s Red Mill Natural Foods, Damin Foodstuff (Zhangzhou) Co. Ltd., GreenMax S&F, Ottogi Co, Ltd., Vestkorn, Green Image Organic Sdn. Bhd.
- Vestkorn sells fava bean flour, which has an excellent amino acid profile and can be used in place of wheat flour. The fava beans are extensively cleansed to remove any foreign contaminants and ensure no wheat or soybeans are present. The fava beans are next dehulled, with the kernels and hulls precisely removed to yield a pure kernel ready for processing. We receive a lightgrey flour with a faint beany flavor after milling to the correct particle size. Vestkorn fava bean flour has approximately 30% protein and 48% carbs, making it a great protein source.
- Nikken Foods provides Black Bean Powder – 7036, a vacuum-dried black bean paste prepared from fermented black soybeans on a maltodextrin carrier. It adds an authentic, full-flavored traditional Asian seasoning flavor to soups, salad dressings, sauces/marinades, dips, snacks, appetizers, and entrees, among other things.
Recent Developments
- February 2023: The company, Eden Foods, announced the launch of a new line of bean flour products that are certified organic and gluten-free. The products are made from a variety of beans, including black beans, pinto beans, and kidney beans.
- March 2023: The company, SunOpta, announced the expansion of its bean flour production capacity in North America. The expansion is in response to the growing demand for bean flour products, particularly in the gluten-free and vegan markets.
- April 2023: The company, ADM, announced the launch of a new line of bean flour-based snacks. The snacks are made with a variety of bean flours, including pea flour, lentil flour, and chickpea flour.
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Key Segments Profiled In the Global Bean Flour Market Report
By Product Type:
- Black
- White
By Nature:
- Conventional
- Organic
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East & Africa
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