Global Bean Sprouts Market Growth 2023-2029

Global Bean Sprouts Market Growth 2023-2029

Bean sprouts are a common ingredient, especially in Asian cuisine, made from sprouting beans, which are obtained from the germination of beans. Mung bean sprouts and soybean sprouts are particular the main bean sources. Bean sprouts originate in Asia, where they have been made and used for thousands of years. Cultural diffusion led to the appearance of sprouts in other places and in other cuisines, and intrepid cooks began sprouting all sorts of things to add to their food. In most cases, they can be used raw or lightly cooked, and they should be used as quickly as possible. If they are going to be cooked, they can be frozen for up to three months.

LPI (LP Information)' newest research report, the “Bean Sprouts Industry Forecast” looks at past sales and reviews total world Bean Sprouts sales in 2022, providing a comprehensive analysis by region and market sector of projected Bean Sprouts sales for 2023 through 2029. With Bean Sprouts sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Bean Sprouts industry.

This Insight Report provides a comprehensive analysis of the global Bean Sprouts landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Bean Sprouts portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Bean Sprouts market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Bean Sprouts and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Bean Sprouts.

The global Bean Sprouts market size is projected to grow from US$ 4094.1 million in 2022 to US$ 5181.9 million in 2029; it is expected to grow at a CAGR of 5181.9 from 2023 to 2029.

China is the largest Bean Sprouts market with about 87% market share. Japan is follower, accounting for about 3% market share.

The key players are Henan Lvsezhongyuan, Zhengzhou New Village, Ningbo Wulongtan, Anhui Anxin, Chengdu Ande, Hubei Yuruyi, Suzhou Zhongshida, Shenyang Green Source of Life, Hubei Lvquan, Nanjing Tanshanhu, Shanghai Yuanye, Hangzhou Qingshanhu, Hebei Tianyi, Beijing Dongshengfangyuan, Narita Foods, Fuji Natural Foods, Pulmuone, Daesang etc. Top 3 companies occupied about 1% market share.

This report presents a comprehensive overview, market shares, and growth opportunities of Bean Sprouts market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Mung Bean Sprouts

Soybean Sprouts

Others

Segmentation by application

Food Service

Retails

Others

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

Henan Lvsezhongyuan

Zhengzhou New Village

Ningbo Wulongtan

Anhui Anxin

Chengdu Ande

Hubei Yuruyi

Suzhou Zhongshida

Shenyang Green Source of Life

Hubei Lvquan

Nanjing Tanshanhu

Shanghai Yuanye

Hangzhou Qingshanhu

Hebei Tianyi

Beijing Dongshengfangyuan

Narita Foods

Fuji Natural Foods

Pulmuone

Daesang

Key Questions Addressed in this Report

What is the 10-year outlook for the global Bean Sprouts market?

What factors are driving Bean Sprouts market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Bean Sprouts market opportunities vary by end market size?

How does Bean Sprouts break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.