Global Bean Flour Market Overview
Bean Flour Market Size was estimated at 2.83 (USD Billion) in 2022. The Bean Flour Industry is expected to grow from 2.95(USD Billion) in 2023 to 4.3 (USD Billion) by 2032. The Bean Flour Market CAGR (growth rate) is expected to be around 4.26% during the forecast period (2024 - 2032).
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Key Bean Flour Market Trends Highlighted
An increase in consuming gluten-free and plant-based products is one of the key market drivers for reasons such as increasing health awareness and multipurpose use of bean flour. Other factors that have also contributed to the growing market are the increasing availability of different types of beans, such as chickpeas, lentils, and black beans.
In terms of cane flour market segmentation, the presence of innovative use and application of the more traditional bean flour around the making of various gluten-free baked products like bread, cake and biscuits, pasta, and other snacks is to be exploited or seized. Additionally, the e-commerce sector is growing rapidly, which calls for online sellers to capture a wider audience, increasing sales.
Current developments in the bean flour market are characterized by the entrance of new types of players in the market, more notably small to medium players who target the niche segments of the market. There is also a shift towards sustainable measures and ethical sourcing as consumers become more cognizant of the food that they eat and its effects.
Bean Flour Market Drivers
Growing Demand for Gluten-Free Products
The rising prevalence of celiac disease and gluten intolerance has led to a surge in demand for gluten-free alternatives. Bean flour, being naturally gluten-free, has emerged as a popular ingredient in various gluten-free products such as bread, pasta, and baked goods. The increasing popularity of gluten-free diets among health-conscious consumers is driving the growth of the Bean Flour Market Industry.
Expanding Applications in Food Processing
Bean flour is becoming more popular in the food processing industry. It possesses a number of useful functions and health advantages. This product can be applied as a thickener, stabilizer, and binder to prepare such food items as soups, sauces, and processed meats. Overall, bean flour improves the nutritional value of these products. It provides dietary fiber, protein, and a number of minerals.
Rising Health Consciousness and Nutritional Awareness
Consumers are becoming increasingly health-conscious and are seeking nutritious food options. Bean flour aligns with this trend as it is a rich source of dietary fiber, protein, and essential vitamins and minerals. The growing awareness of the health benefits of bean flour is driving its demand in various food applications.
Bean Flour Market Segment Insights
Bean Flour Market Grade Insights
The Bean Flour Market segmentation by Grade can be classified into Food Grade, Feed Grade, and Industrial Grade. The food-grade segment held the largest market share in 2023, and it is expected to continue to dominate the market during the forecast period. This growth is attributed to the increasing demand for bean flour in the food industry, particularly in bakery and confectionery applications. The Feed Grade segment is expected to witness significant growth during the forecast period, owing to the rising demand for bean flour in animal feed applications.
The segment is expected to grow at a CAGR of 4.5% during the forecast period. The Industrial Grade segment is expected to grow at a steady pace during the forecast period, owing to the increasing demand for bean flour in the manufacturing of adhesives, paper, and textiles. The Bean Flour Market revenue for the Food Grade segment is expected to reach $2.2 billion by 2024, accounting for a market share of 60%. The Feed Grade segment is expected to reach a market value of $0.8 billion by 2024, while the Industrial Grade segment is expected to reach a market value of $0.4 billion by 2024.
The growth of the Bean Flour Market is attributed to the increasing demand for bean flour in various industries, including food, feed, and industrial applications. The market is also driven by the growing awareness of the health benefits associated with bean flour, such as its high protein and fiber content.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Bean Flour Market Bean Type Insights
The Bean Flour Market segmentation by Bean Type includes Faba Bean Flour, Soybean Flour, Chickpea Flour, Lentil Flour, and Pea Flour. Among these, Soybean Flour held the largest revenue share in 2023. The high protein content and wide range of applications in the food and beverage industries contribute to its dominance. Chickpea Flour is expected to witness significant growth during the forecast period due to its high nutritional value and gluten-free properties. Pea Flour is another emerging segment, driven by its high protein and fiber content.
The increasing demand for plant-based protein sources is expected to fuel the growth of the Bean Flour Market in the coming years.
Bean Flour Market Application Insights
The application segment of the Bean Flour Market holds significant importance in understanding the diverse uses of bean flour across various industries. Bakery products remain a dominant application, accounting for approximately 33.5% of the market share in 2023. The growing demand for gluten-free and healthier alternatives has fueled the use of bean flour in bread, muffins, cookies, and other baked goods. Pasta and noodles also represent a substantial segment, capturing around 21.7% of the market in 2023. Bean flour's high protein and fiber content makes it an ideal ingredient for creating nutritious and flavorful pasta dishes.
Snacks and savory products, such as crackers, chips, and extruded snacks, contribute approximately 19.3% to the market share. The increasing popularity of plant-based snacks has driven the demand for bean flour in this segment. Meat alternatives, including plant-based burgers, sausages, and meatballs, account for around 16.9% of the market. Bean flour provides a meat-like texture and nutritional value to these products, catering to the growing trend of flexitarianism and veganism. Other applications of bean flour include sauces, soups, and beverages, collectively holding approximately 8.6% of the market share in 2023.
The versatility of bean flour enables its use in a wide range of food products, contributing to the overall growth of the Bean Flour Market.
Bean Flour Market Packaging Type Insights
The Bean Flour Market is segmented by Packaging Type into Bags and Sacks, Drums and Barrels, Bulk Containers, and Other Packaging Types. Bags and Sacks hold the largest market share due to their cost-effectiveness, ease of handling, and wide availability. Drums and Barrels offer superior protection against moisture and contamination, making them suitable for long-distance transportation and storage. Bulk Containers provide an economical option for large-scale storage and transportation, reducing packaging costs. Other Packaging Types, such as flexible pouches and stand-up bags, are gaining traction due to their convenience and shelf appeal.
The Bean Flour Market revenue from the Packaging Type segment is projected to reach USD 3.5 billion by 2024, exhibiting a CAGR of 4.2%.
Bean Flour Market Distribution Channel Insights
The Bean Flour Market segmentation by Distribution Channel reveals crucial insights into the industry's distribution landscape. Direct Sales emerged as the dominant channel in 2023, capturing a substantial share of the market. This channel offers manufacturers greater control over product distribution, pricing, and customer relationships, enabling them to optimize sales strategies and margins. Distributors and Wholesalers play a significant role in facilitating the distribution of Bean Flour to a wider network of retailers and businesses. Retail Stores, including supermarkets, hypermarkets, and convenience stores, cater to the needs of end consumers, offering a diverse selection of Bean Flour products.
Online Platforms, such as e-commerce marketplaces and company websites, have gained prominence in recent years, providing consumers with convenient access to a wide range of Bean Flour products and enabling manufacturers to expand their reach beyond traditional channels.
Bean Flour Market Regional Insights
The Bean Flour Market is segmented into North America, Europe, APAC, South America, and MEA. North America held the largest market share in 2023 and is expected to continue to dominate the market due to the increasing demand for bean flour in various applications such as bakery, food beverages, and pet food. Europe is the second largest market for bean flour, with a growing demand for plant-based and gluten-free food products. The APAC region is expected to witness significant growth in the bean flour market, owing to the increasing consumption of bean-based products in countries such as China and India.
South America and MEA are expected to have a steady growth in the bean flour market, driven by the growing awareness of the health benefits of bean flour.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Bean Flour Market Key Players And Competitive Insights
Major players in the Bean Flour Market are constantly engaging in strategic collaborations, acquisitions, and partnerships to expand their footprint and strengthen their market position. Leading Bean Flour Market players are investing heavily in research and development to introduce innovative products and cater to evolving consumer demands. The Bean Flour Market industry is witnessing the emergence of new entrants, particularly from developing regions, who are leveraging cost advantages and targeting niche markets. These factors are shaping the competitive landscape of the Bean Flour Market and intensifying competition among established players.
Archer Daniels Midland Company (ADM), a leading food ingredient supplier, is a prominent player in the Bean Flour Market. ADM offers a wide range of bean flour, including chickpea flour, lentil flour, and fava bean flour, catering to the diverse needs of the food and beverage industry. The company's extensive distribution network and strong relationships with major food manufacturers provide it with a competitive edge. ADM is committed to sustainable sourcing and has implemented several initiatives to ensure the traceability and quality of its bean flour products.
Cargill, another industry giant, is a key competitor in the Bean Flour Market. Cargill's bean flour portfolio includes a variety of bean types, such as black bean flour, pinto bean flour, and navy bean flour. The company has a presence and leverages its vast supply chain capabilities to deliver high-quality bean flour to customers worldwide. Cargill focuses on innovation and has developed specialized bean flour for specific applications, such as gluten-free baking and plant-based protein products.
Key Companies in the Bean Flour Market Include
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Tate Lyle PLC
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Cargill
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Hodgson Mill
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Bob's Red Mill Natural Foods, Inc.
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CHS
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Archer Daniels Midland Company
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Lantmännen
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Beanworks S.R.L.
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Limagrain Céréales Ingrédients
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Axiom Foods
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Ingredion Incorporated
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Sunrise Flour Mills
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Unilever
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Kerry Group
Bean Flour Market Industry Developments
The Bean Flour Market is projected to reach a valuation of USD 4.3 billion by 2032, expanding at a 4.26% CAGR from 2024 to 2032. Growing demand for gluten-free and vegan food products, rising health consciousness, and increasing disposable income are driving market expansion. Recent developments include the launch of innovative bean flour-based products such as pasta, bread, and cookies. Additionally, government initiatives promoting healthy eating habits and the expansion of the food service industry are contributing to market growth. Key players are focusing on product innovation, strategic partnerships, and expanding their distribution channels to cater to the evolving needs of consumers.
Bean Flour Market Segmentation Insights
- Bean Flour Market Grade Outlook
- Food Grade
- Feed Grade
- Industrial Grade
- Bean Flour Market Bean Type Outlook
- Faba Bean Flour
- Soybean Flour
- Chickpea Flour
- Lentil Flour
- Pea Flour
- Bean Flour Market Application Outlook
- Bakery Products
- Pasta and Noodles
- Snacks and Savory Products
- Meat Alternatives
- Other Applications
- Bean Flour Market Packaging Type Outlook
- Bags and Sacks
- Drums and Barrels
- Bulk Containers
- Other Packaging Types
- Bean Flour Market Distribution Channel Outlook
- Direct Sales
- Distributors and Wholesalers
- Retail Stores
- Online Platforms
- Bean Flour Market Regional Outlook
- North America
- Europe
- South America
- Asia Pacific
- Middle East and Africa
| Report Attribute/Metric |
Details |
| Market Size 2022 |
2.83(USD Billion) |
| Market Size 2023 |
2.95(USD Billion) |
| Market Size 2032 |
4.3(USD Billion) |
| Compound Annual Growth Rate (CAGR) |
4.26% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2023 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
Tate Lyle PLC, Cargill, Hodgson Mill, Bob's Red Mill Natural Foods, Inc., CHS, Archer Daniels Midland Company, Lantmännen, Beanworks S.R.L., Limagrain Céréales Ingrédients, Axiom Foods, Ingredion Incorporated, Sunrise Flour Mills, Unilever, Kerry Group |
| Segments Covered |
Grade, Bean Type, Application, Packaging Type, Distribution Channel, Regional |
| Key Market Opportunities |
Rising demand for glutenfree products Increasing awareness of bean flours health benefits Expanding applications in food and beverage industry Growing popularity of vegan diets Technological advancements in bean flour production |
| Key Market Dynamics |
Rising health consciousness Increasing demand for glutenfree products Growing popularity of plantbased diets Technological advancements in flour production Expansion of ecommerce platforms |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Bean Flour Market is projected to reach a valuation of approximately 2.95 billion USD in 2023.
The Bean Flour Market is expected to reach a valuation of around 4.3 billion USD by 2032, exhibiting a steady growth.
The Bean Flour Market is anticipated to expand at a CAGR of approximately 4.26% during the forecast period from 2024 to 2032.
North America is anticipated to hold a dominant position in the Bean Flour Market due to increasing demand for plant-based food products and rising disposable incomes.
Bean Flour finds diverse applications in various food products, including gluten-free baked goods, pasta, sauces, and snacks, catering to the growing demand for healthier alternatives.
Archer Daniels Midland Company, Ingredion Incorporated, and Axiom Foods, Inc. are among the notable competitors operating in the Bean Flour Market.
The increasing popularity of plant-based diets, coupled with rising health consciousness and the growing demand for gluten-free products, are key factors propelling the growth of the Bean Flour Market.
Challenges faced by the Bean Flour Market include fluctuating raw material prices, seasonality in bean availability, and competition from other plant-based flours.
Opportunities for growth in the Bean Flour Market lie in the expansion of the vegan food industry, the development of innovative bean flour-based products, and increasing awareness of the nutritional benefits of beans.
Key trends in the Bean Flour Market include the growing adoption of clean-label products, the integration of bean flour into functional foods, and the increasing use of bean flour in pet food applications.
