Europe Legumes Market Research Report-Forecast till 2034

Europe Legumes Market Research Report-Forecast till 2034

The Europe Legumes market is projected to witness significant growth during the review period, exhibiting a CAGR of 6.58%. The market was estimated to be USD 3064.31Million in 2022 and is expected to reach a value of USD 6518.50 Million by the end of the forecast period (2023-2034).

Legumes ingredients, in particular, can play a pivotal role in providing consumers with an alternative protein source. While soy and pea protein still dominate the creation of new vegan products in Europe, as highlighted by The Vegan Review, the escalating demand for plant protein presents an opportune moment to diversify beyond these mainstream protein crops. This diversification could involve exploring a broader array of pulses or incorporating novel protein sources like sprouted beans. This shift not only responds to consumer preferences but also opens doors for new source countries.

The EU market is poised for growth, propelled by a surge in awareness regarding the health benefits associated with legume consumption, a rising vegetarian population, and a growing demand for plant-based protein. One notable trend contributing to this expansion is the increasing shift among consumers from meat to vegan protein sources, with a particular emphasis on beans and peas, indicating a positive trajectory for product growth. Moreover, the market is set to benefit from the changing consumer preferences towards organic and healthy food choices, coupled with an escalating demand for clean-label products. This evolving landscape presents a significant opportunity for market players to capitalize on consumer preferences for transparency in food products. As consumers increasingly seek clean-label options, companies can respond by offering products that align with these preferences. The willingness of consumers to pay premium prices for high-quality food further incentivizes companies to focus on producing clean-label products. This emphasis on quality not only meets consumer expectations but also positions these products with a potentially higher profit margin. In essence, the market is poised to thrive as it aligns with prevailing consumer trends, catering to health-conscious individuals who prioritize organic, clean-label, and plant-based protein options.

Market Segmentation

Based on the Source, the Europe legumes market has been bifurcated into Beans, Lentils, Peas, and Others. Based on the product type, the market has been bifurcated into Whole, Flour, Oil, and Others.

Based on the End Use, the Europe legumes market has been bifurcated into Household and Commercial. Based on the nature, the market has been bifurcated into Organic and Conventional.

Based on the Application, the Europe legumes market has been bifurcated into Plant based Food, Plant Beverage products, Animal Feed, and Others.

Major Players

A few of the key players operating in the Eastern European Legumes market are Archer-Daniels-Midland Company, Bunge Limited, Cargill, Ingredion Incorporated, Roquette Frères, COFCO, Bühler Group, Louis Dreyfus Company and many more.