Bean Sprouts Market Size, Share, Growth, and Industry Analysis, By Type (Mung Bean Sprouts & Soybean Sprouts), By Application (Food Service & Retails), and Regional Forecast to 2032

BEAN SPROUTS MARKET OVERVIEW

The global Bean Sprouts Market size was USD 4.185 billion in 2023 and is projected to touch USD 5.81 billion by 2032, exhibiting a CAGR of 3.3% during the forecast period.

The market for bean sprouts has been developing over time slowly since people prefer natural and healthy foods more and more. Preference for mung or soybean germinated sprouts is high, as they have health-enhancing qualities and contain vitamins, minerals, and antioxidants. The changes in market demand have been brought about by the following factors in tissue culture: enhanced health awareness, change in lifestyles from being vegetarians, and more consumption of plant products. There are possibilities of developing new applications of the product in different cuisines and food products across the world and especially in the Asian region, which in turn drives this market. The full-growth bean sprouts are referred to as ‘biodynamic microgreens. Marrow is the young sprout that grows from beans that have been soaked and allowed to germinate. These are foods that are low in energy density and have several nutrients, including fiber, protein, vitamin C, and folic acid. The specific part of this vegetable has a relatively low calorie, low-fat content, and also a nice taste that can be served in raw and cooked foods.

GLOBAL CRISES IMPACTING BEAN SPROUTS MARKETCOVID-19 IMPACT

Bean Sprouts Industry Had a negative Effect Due to Demand contraction during COVID-19 Pandemic

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.

Specific challenges that the COVID-19 pandemic brought to Bean Sprouts Market include the unavailability of the fresh produce together with the interruption of the supply chain. Restrictions as social restrictions influenced the reduction of production and distribution, which influenced the market demands. Also, contraction in restaurants and food services where bean sprouts are extensively used plunged significantly during the pandemic.

LATEST TREND

"Market growth is driven by demand for organic, fresh sprouts"

Another liberalization trend recognized in the bean sprout market is the increasing request for organic and non-GMO sprouts due to the continuous customer awareness towards clean, healthy, and sustainable foods. Such extra-virgin markets are becoming more appealing to health-conscious consumers, especially in the urban markets. Also, new packaging methods for freshening the products for longer shelf life are also on the rise. There is a major concentration on the use of fresh bean sprouts, which has impacted the markets by ensuring chemical-free products with high nutritional values.

BEAN SPROUTS MARKET SEGMENTATION

BY TYPE

Based on Type, the global market can be categorized into Mung Bean Sprouts & Soybean Sprouts

• Mung Bean Sprouts: which may be used to garnish salads, to stir fry with other vegetables and meats, and even to add as a garnish to soups due to their texture and nutritive value. They are very rich in antioxidants, vitamins, and minerals, and in this regard, many health-conscious consumers prefer them. The mung bean sprouts are very special for quick production; besides, they have less taste and can be used in many dishes.
• Soybean sprouts: are a little softer in texture and have a nutty taste; they are commonly used in Asian cuisines such as Korean and Chinese. The texture of green beans is dense, their nature is soft, and they contain proteins, fibers, and other nutrients, which have made them preferred by vegetarians or vegans. Because of their higher nutritional value, soy bean sprouts are being offered in the market more and more as a plant protein source.

BY APPLICATION

Based on application, the global market can be categorized into Food Service & Retails

• Food Service: One of the key end-use categories of the Bean Sprouts Market is food service, as restaurants and catering services are some of the consumers who use bean sprouts in salads, soups, and stir fries. Some of the most common fresh vegetables include bean sprouts that are common in Asia, and this forms part of the reason why they are in high demand in restaurants around the world. The inclusion of fresh and healthy ingredients into menus has caused their inclusion into the foodservice sector.
• Retail: Large supermarkets, grocery stores, and online stores play a major role in the global bean sprout market as they provide fresh and processed bean sprouts to healthy food consumers. The increased incidence of home-made food and the demand for veggie and vegan products have given further boost to the retail sale. Consumers have become more conscious of the quality of the beans that are being produced or sold in the market; thus, there is capital for organically grown and non-GMO bean sprouts.

MARKET DYNAMICS

Market dynamics include driving and restraining factors, opportunities and challenges stating the market conditions.                          

DRIVING FACTOR

"Market growth is driven by increasing demand for nutrient-dense sprouts"

The rise of consumers’ healthy diets and acceptance of the benefits of ingesting nutrient-dense foods is fueling the intake of bean sprouts. It is full of vitamins, minerals, and antioxidants; hence, it attracts the health-conscious clientèle. This is particularly the case for consumers in the plant or low-calorie search.

"Market growth is driven by rising demand for plant-based sprouts"

Because of the increasing popularity of vegetarianism and veganism across the globe, the use of plant protein benefits and bean sprouts is increasing which resulting global Bean Sprouts Market Growth. Soybean spruits, as well as other sprouts, are a good source of protein that contain a low amount of fat and are therefore preferred by vegetarians. This is so given a shift of consumer focus towards the purchase of sustainable and ethical foods.

RESTRAINING FACTOR

"Market growth is hindered by short shelf life and high wastage"

Key factor that challenges the bean sprout market includes the shelf life, which is relatively short and a challenge for storage, transport, and preservation. This hampers distribution primarily to areas that are far removed from production centers. The bean sprouts are highly perishable, and this results in wastage and high operational costs within the supply chain, thus limiting market expansion.

OPPORTUNITY

"Market growth is supported by increasing demand for organic, local beans"

By expanding the number of locally sourced and organic foods, the Bean Sprouts Market has the potential for growth. Since consumers of bean sprouts are becoming conscious about the environment and personal health, producers should exploit this chance of producing organic, non-genetically modified bean sprouts in environmentally friendly containers. The application of urban farming and vertical agriculture also boosts the local production and decreases the cost of transporting food, making it more fresh for the consumers.

CHALLENGE

"Market growth is challenged by safety issues and costly hygiene standards"

Another issue that has faced the Bean Sprouts Market is that sprouts are one of the most dangerous foods that can cause E. coli and Salmonella due to the warm temperature for the bean germination. Hypothesis three thus states that since hygiene and safety standards require careful adherence during the production of foods, it’s either costly or difficult for food producers to observe proper hygiene and safety standards. This has brought about product recalls at some times, thus reducing the confidence of the consumers as well as the stability of the markets. It will be apparent that one of the most significant problems is the constant search for a more optimal level of protection and, at the same time, achieving higher levels of production.

BEAN SPROUTS MARKET REGIONAL INSIGHTS

• NORTH AMERICA

North America holds the largest market share of Bean Sprouts Market due to superior agricultural technology, increased consumption rate of fresh and healthy food products, and a well-established retail industry. In particular, the United States Bean Sprouts Market plays a special role and has to do with the fact that people today are paying more attention to their diets and health. In addition, the vast and highly developed distribution networks and some new concepts in food service also support the market growth in this region.

• EUROPE

Europe holds a positive Remarkable Bean Sprouts Market share due to rising concerns in the region with health consciousness leading to the higher demand in foods that are nutritious, and more so organic foods. The popularity of raw vegetable consumption that is evident in the current plant-based diets and their integration of international foods into their menus also boost the market for bean sprouts. Further, novel trends in production of bean sprouts include urban farming in Europe and local production that aids in replenishing availability and demand for the product in the markets.

• ASIA

Asia has been seen as a large consumer, as bean sprouts are famously used in the Asian continent’s cuisines. Consumption has been triggered and encouraged by the Far- Eastern countries such as China, Japan, and Korea, where bean sprouts are a popular food item. Increased production among the farming areas enhances food production for the local and international markets since the region’s farming practices are healthy and efficient. Also, the increased awareness of healthy foods among the people in Asia has further extended the market for bean sprouts.

KEY INDUSTRY PLAYERS

"Market growth is driven by innovations and expanded product offerings"

Some of the leading industry players are developing the markets for bean sprouts by applying innovative practices in growing systems and germination technologies, which lead to improved production and quality of the food. They are also seeking to increase the range of their products and add items that are organic and non-GMO, bearing in mind the increasing customer awareness of such products. Such partnerships and distribution channels also contribute to market access and expansion of the markets.

LIST OF TOP BEAN SPROUTS COMPANIES

• Ningbo Wulongtan (China)
• Ani Anhuxin (China)
• Chengdu Ande (China)
• Hub eiYuruyi (China)
• Suzhou Zhongshida (China)

KEY INDUSTRY DEVELOPMENT

March 2024, Sunshine Sprouts Co. came up with new organic bean sprout products that have adopted sustainability packaging and innovative hydroponics technology. The launch of this development also seeks to address increasing consumer concern with environment conservation and maintenance of their health through healthy foods, besides improving the shelf life of its foods.

REPORT COVERAGE

The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.

This research report examines the segmentation of the market by using both quantitative and qualitative methods to provide a thorough analysis that also evaluates the influence of strategic and financial perspectives on the market. Additionally, the report's regional assessments consider the dominant supply and demand forces that impact market growth. The competitive landscape is detailed meticulously, including shares of significant market competitors. The report incorporates unconventional research techniques, methodologies and key strategies tailored for the anticipated frame of time. Overall, it offers valuable and comprehensive insights into the market dynamics professionally and understandably.