Global Herbaceous Legumes Market By Type (Springs, Herbs, Trees, Shrubs & Others), By Growth (Moderate No-Cultivation, Long-Covered, High Rate & Intercropping), By Product Type (Whole, Meal, Oil & Others), By End Use (Domestic and Trade) by Region (North America, Latin America, Europe, Asia Pacific, Middle East and Africa) - Industry Trends and Forecast to 2030.
Global Herbaceous Legumes Market
Global Herbaceous Legumes Market is expected to reach USD 856.01 million by 2022, which will reach USD 1470.76 million in 2030, registering a CAGR of 6.99% during the forecast period 2023-2030.
Grasses are legumes that have been identified as potential protein and fiber supplements for animals, mostly ruminants. They contain a lot of crude proteins, minerals and vitamins, which are necessary for the growth of rumen microbes. Grass legumes can be grown as a relay of cereal crops or in rotation with cereal crops.
Market Drivers
Increased settings Widespread modernization, increased consumption and prevalence of chronic diseases due to wrong eating habits are the major factors behind the continued growth of the pulses market. Grass legumes have provided humans and ruminants with a rich source of high crude protein and high fiber content that increases rumen microbial populations. As a result, consumer interest in consuming herbal legumes is increasing, which is boosting the growth of the market. Active nitrogen fixation. Grass legumes obtain nitrogen from the air through bacteria in the root nodules. Fixed nitrogen becomes available to legumes and subsequent cereal crops through crop rotation. This factor is expected to grow significantly in the market.
Market Restraints
Lack of awareness and high price of pulses in developing countries pose significant challenges to market growth. This pulses market report includes information on new recent developments, trade regulations, import and export analysis, production analysis, value chain optimization, market share, impact of domestic and local market players, opportunity analysis based on new revenue pockets, changes in marketing regulations. , strategic market growth analysis, market size, category market growth, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market.
Market Opportunities
Growing demand for pulses due to animal productivity and increase in live weight are some of the factors expected to create many lucrative opportunities in the market.
Impact of COVID-19
The coronavirus pandemic has affected most of the production, development, manufacturing and logistics units of the microbial species market. However, some industries have grown during the pandemic, and the market for microbial products is one of them. Although the growth of industries closely related to the microbial products industry, such as agriculture, has slowed significantly, the market for microbial products continues to grow tremendously in the age of Covid-19.
Market segmentation
Global Herbaceous Legumes Market is segmented on the basis of By Type, By Growth, By Product Type
Based on the By Type market is segmented into Springs, Herbs, Trees, Shrubs & Others. Further market is segmented into By Growth market is segmented into Moderate No-Cultivation, Long-Covered, High Rate & Intercropping. By Product Type market is segmented into Whole, Meal, Oil & Others. By End Use market is segmented into Domestic and Trade.
Regional Analysis
Global Herbaceous Legumes Market is segmented into five main regions, namely, North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. Asia Pacific dominates the grass pulses market due to rapidly growing population leading to high demands and consumption of pulses in food and related products. North America is expected to witness profitable growth over the forecast period of 2023-2030 due to increasing demand for protein and fibre-rich foods in the region.
Key Players.
Various key players are listed in this report such as B&G Foods, Inc, ADM, Conagra Brands, Inc, Eden Foods, Olam Group, General Mills Inc., Galdisa USA, Nomad Foods, PURIS, NEFIS BULGUR.
Market Taxonomy
By Type
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