Adzuki Beans Market
Adzuki Beans Market Analysis by Packaging Type (Canned, Plastic Bag), by Application (Confectioneries, Bakery, Desserts, Cosmetics) & by Region - Global Market Insights 2023 to 2033
Analysis of Adzuki Beans Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Global Adzuki Beans Market Outlook (2023 to 2033)
Newly-released Adzuki Beans Market analysis report by Fact.MR reveals that global sales in 2022 were held at US$ 832 Million. With 3.6% projected growth from 2023 to 2033, the market is expected to reach a valuation of US$ 1.2 Billion by the end of the forecast period. Canned packaging type is expected to be the highest revenue-generating type of the Adzuki Beans, projected to grow at a CAGR of over 3.4 % from 2023 to 2033.
| Attributes | Details |
|---|---|
|
Global Adzuki Beans Market Size (2022) |
US$ 832 million |
|
Global Adzuki Beans Market Size (2033) |
US$ 1.2 billion |
|
Global Adzuki Beans Market CAGR (2023 to 2033) |
3.6% |
|
U.S. Adzuki Beans Market CAGR (2023 to 2033) |
3.4% |
|
Key Companies Covered |
|
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Revenue of Adzuki Beans Market from 2018 to 2022 Compared to Demand Outlook for 2023 to 2033
As per the research of the Adzuki Beans Market by Fact.MR- a market research and competitive intelligence provider, historically, from 2018 to 2022, the market value increased at around 6.2% CAGR. With an absolute dollar opportunity of US$ 368 million, the market is projected to reach a valuation of US$ 1.2 billion by 2033.
What are the Key Drivers Influencing Market Expansion?
Adzuki beans, also known as azuki beans or red beans, are small, oval-shaped legumes that are native to East Asia. They are a popular ingredient in many Asian cuisines, particularly in Japan, China, Korea, and other countries in the region. Adzuki beans are known for their vibrant red color and are commonly used in both savory and sweet dishes. They are considered to be a nutritious ingredient in many plant-based diets and are often used as an alternative to other beans or legumes in recipes.
According to the Food and Agriculture Organization of the United Nations (FAO), the global production of adzuki beans has been increasing steadily in recent years. In 2019, the total world production of adzuki beans was estimated to be around 1.25 million metric tons.
China is the significant producer of adzuki beans, with an estimated production of around 700,000 metric tons in 2019, followed by Japan with around 400,000 metric tons. Adzuki beans are considered to be a healthy and nutritious food source, as they are rich in protein, fiber, and various vitamins and minerals. The increasing consumer awareness about the health benefits of adzuki beans, along with the rising demand for plant-based and protein-rich foods, is driving the market expansion.
In 2019, global plant-based protein sales were valued at around US$ 12 billion and in 2022 the market reached up to US$ 12.2 billion, and is projected to reach about US$ 35 billion by 2026, registering a CAGR of about 15% during the forecast period. Adzuki beans being rich in plant-based protein source, are gaining attraction among consumers for vegetarian diets, which is contributing to the market expansion.
In 2020, the global food flavors market was valued at around US$ 15.2 billion and is projected to reach a value of around US$ 18.9 billion by 2026, registering a CAGR of 3.8% during the forecast period. There is a growing interest among consumers to explore and experiment with ethnic and exotic foods, including adzuki beans. Consumers are looking for new and unique flavors, and adzuki beans are gaining attention in various cuisines, and this influences the market growth in the upcoming years.
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Region-Wise Analysis
Which Region is Projected to offer Significant Market Growth?
North America is a prominent shareholder in the market with a market size of US$ 232.9 million in 2022 and is estimated to reach US$ 244.1 million in 2023. It is projected that the region will have a market worth US$ 347.2 million by 2033.
In 2018, the total sales of legumes in Canada reached around US$ 2.6 billion, which increased to reach US$ 2.82 billion in 2020, is expected to grow at a CAGR of 5.3% during the forecast period. This indicates a growing trend in legume consumption in Canada, likely driven by factors such as increasing awareness about plant-based diets, health benefits of legumes, and culinary versatility of legume-based products. The growing demand of legumes in Canada helps the market growth of adzuki beans in the forthcoming years.
Country-Wise Analysis
"United States Adzuki Beans Market Analysis"
The market in the United States is expected to grow to be worth US$ 299.3 million by 2033, with an absolute dollar growth of US$ 84.7 million from 2023 to 2033. The market in the United States has grown at a CAGR of 6% from 2018 to 2022 and is expected to grow at a CAGR of 3.4% from 2023 to 2033.
According to data from the U.S. Department of Agriculture's Economic Research Service, in 2018, the total retail sales of canned beans in the United States was around US$ 2.2 billion which increased to around US$ 2.4 billion in 2019. This includes sales of all types of canned beans, such as kidney beans, black beans, pinto beans, and others. Increasing awareness about plant-based diets, and the health benefits of beans drives the growth of the bean market. The growing trend of healthy vegan protein helps the market growth.
"United Kingdom Adzuki Beans Market Analysis"
The market in the United Kingdom is expected to grow to be worth US$ 73.5 million by 2033, with an absolute dollar growth of US$ 18.6 million. The market in the country has grown at a CAGR of 4.9% from 2018 to 2022 and is expected to grow at a CAGR of 3 % from 2023 to 2033.
According to data from the UK government's Department for Environment, Food and Rural Affairs (DEFRA), in 2019, the harvested area of beans in the United Kingdom were around 37,000 hectares and in 2020 the beans harvested area was around 40,000 hectares. The growing demand of beans in the United Kingdom, and increasing demand of vegan protein helps for the market growth in the upcoming years.
"China Adzuki Beans Market Analysis"
In China, the market is expected to grow to be worth US$ 45.6 million with an absolute dollar growth of US$ 10.6 million till 2033. The market in China has grown at a CAGR of 5.1% from 2018 to 2022 and is expected to grow at a CAGR of 2.7 % from the year 2023 to 2033.
According to the data from the Food and Agriculture Organization (FAO) of the United Nations, China is one of the significant producers of adzuki beans in the world. In 2019, the harvested area of adzuki beans in China was around 177,000 hectares; with a production volume of around 383,000 metric tons. The growing awareness of the health benefits of adzuki beans, as well as their culinary versatility, has led to an increased demand for adzuki beans in China.
"Japan Adzuki Beans Market Analysis"
In Japan, the market is expected to grow to be worth US$ 126.5 million with an absolute dollar growth of US$ 24.3 million till 2033. The market in Japan has grown at a CAGR of 4.7% from 2018 to 2022 and is expected to grow at a CAGR of 2.2 % from the year 2023 to 2033.
According to the Ministry of Agriculture, Forestry and Fisheries of Japan, the total harvested area of adzuki beans in Japan has increased in recent years. In 2019, the harvested area of adzuki beans in Japan was reported to be around 13,905 hectares and the production of adzuki beans in Japan was around 18,470 metric tons in the same year. Adzuki beans are popular legumes in Japan and are commonly used in traditional Japanese cuisines, especially in sweet dishes such as red bean paste. Increasing Adoption of Plant-Based Diets and the growing demand for adzuki beans in Japanese cuisine drives the market growth.
"South Korea Adzuki Beans Market Analysis"
The market in South Korea is expected to grow to be worth US$ 77.4 million by 2033, with an absolute dollar growth of US$ 12.8 million. The market in South Korea has grown at a CAGR of 4.1% from 2018 to 2022 and is expected to grow at a CAGR of 1.8% from 2023 to 2033.
In 2020, food flavor sales in South Korea were around US$ 470 million and are expected to grow at a CAGR of around 4% during the forecast period. Consumers are increasingly interested in exploring and experimenting with ethnic and foreign cuisine, such as adzuki beans. Consumers are looking for fresh and unique flavors, and adzuki beans are gaining popularity in a variety of cuisines, which will affect the growth of the adzuki bean market in the future.
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Category-Wise Insights
In Which Packaging Adzuki Beans is Projected to Witness Significant Demand?
Canned packaging is projected to witness the fastest growth as it has grown at a CAGR of 6% from 2018 to 2022 and is expected to grow at a CAGR of 3.4% from 2023 to 2033.
Canned adzuki beans are pre-cooked and ready to use, which saves time and effort in soaking and cooking dried adzuki beans. Canned adzuki beans are also easy to store and have a longer shelf life compared to dried beans. As more consumers are adopting plant-based diets or looking for plant-based protein sources, adzuki beans, being a rich source of plant-based protein. Canned adzuki beans can be easily incorporated into various plant-based recipes, such as stews, curries, and salads, providing a convenient source of protein for plant-based eaters.
Through Which Application Adzuki Beans is Expected to Register Significant Demand?
Adjuki beans demand through confectioneries is projected to witness significant demand and growth with a CAGR of 5.8% from 2018 to 2022 and is expected to grow at a CAGR of 3.2% from 2023 to 2033.
Adzuki beans are used in traditional Asian sweets and desserts, such as red bean paste, dorayaki, taiyaki, and mochi. These confectionery products are popular in several Asian countries and have a strong cultural significance, which drives the demand for adzuki beans in confectionery applications.
The confectionery industry is known for its innovation in flavors, textures, and ingredients. Adzuki beans can be used in various creative and innovative ways in confectionery applications, such as in fillings, coatings, toppings, and decorations, which can drive the growth of adzuki beans in the confectionery market.
Competitive Analysis
Key players in the market are ADM, D’Allesandro Gourmet Ingredients, NK Hurst Company, Goya Foods, the Kroger Co., Urban Herbs, La Preferida, LaFe, Bushbeans, and Fujicco Co., Ltd.
A few of the recent developments in the market are :
- In May 2022, On the International Day of Plant Health, the CGIAR Plant Health Initiative was founded. The Plant Health Initiative addresses a wide range of agricultural pests and diseases, including Adzuki beans.
- In July 2021, ADM announced the launch of a new line of textured vegetable protein (TVP) made from soybeans. The new product line, called ProFam, is aimed at meeting the growing demand for plant-based protein ingredients in a variety of food applications, including meat alternatives, snacks, and convenience foods.
Segmentation of the Adzuki Beans Market
-
By Packaging Type :
- Canned
- Plastic Bag
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By Application :
- Confectioneries
- Bakery
- Desserts
- Cosmetics
-
By Region :
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
Table of Content
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Investment Feasibility Matrix 3.5. PESTLE and Porter’s Analysis 3.6. Regulatory Landscape 3.6.1. By Key Regions 3.6.2. By Key Countries 3.7. Regional Parent Market Outlook 4. Global Market Analysis 2018-2022 and Forecast, 2023-2033 4.1. Historical Market Size Value (US$ Million) Analysis, 2018-2022 4.2. Current and Future Market Size Value (US$ Million) Projections, 2023-2033 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Market Analysis 2018-2022 and Forecast 2023-2033, By Packaging Type 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Million) Analysis By Packaging Type, 2018-2022 5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Packaging Type, 2023-2033 5.3.1. Canned 5.3.2. Plastic Bag 5.4. Y-o-Y Growth Trend Analysis By Packaging Type, 2018-2022 5.5. Absolute $ Opportunity Analysis By Packaging Type, 2023-2033 6. Global Market Analysis 2018-2022 and Forecast 2023-2033, By Application 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Million) Analysis By Application, 2018-2022 6.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Application, 2023-2033 6.3.1. Confectioneries 6.3.2. Bakery 6.3.3. Desserts 6.3.4. Cosmetics 6.4. Y-o-Y Growth Trend Analysis By Application, 2018-2022 6.5. Absolute $ Opportunity Analysis By Application, 2023-2033 7. Global Market Analysis 2018-2022 and Forecast 2023-2033, By Region 7.1. Introduction 7.2. Historical Market Size Value (US$ Million) Analysis By Region, 2018-2022 7.3. Current Market Size Value (US$ Million) Analysis and Forecast By Region, 2023-2033 7.3.1. North America 7.3.2. Latin America 7.3.3. Europe 7.3.4. Asia Pacific 7.3.5. Middle East and Africa 7.4. Market Attractiveness Analysis By Region 8. North America Market Analysis 2018-2022 and Forecast 2023-2033, By Country 8.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018-2022 8.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023-2033 8.2.1. By Country 8.2.1.1. U.S. 8.2.1.2. Canada 8.2.2. By Packaging Type 8.2.3. By Application 8.3. Market Attractiveness Analysis 8.3.1. By Country 8.3.2. By Packaging Type 8.3.3. By Application 8.4. Key Takeaways 9. Latin America Market Analysis 2018-2022 and Forecast 2023-2033, By Country 9.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018-2022 9.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023-2033 9.2.1. By Country 9.2.1.1. Brazil 9.2.1.2. Mexico 9.2.1.3. Rest of Latin America 9.2.2. By Packaging Type 9.2.3. By Application 9.3. Market Attractiveness Analysis 9.3.1. By Country 9.3.2. By Packaging Type 9.3.3. By Application 9.4. Key Takeaways 10. Europe Market Analysis 2018-2022 and Forecast 2023-2033, By Country 10.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018-2022 10.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023-2033 10.2.1. By Country 10.2.1.1. U.K. 10.2.1.2. Spain 10.2.1.3. Germany 10.2.1.4. Russia 10.2.1.5. Italy 10.2.1.6. France 10.2.1.7. Rest of Europe 10.2.2. By Packaging Type 10.2.3. By Application 10.3. Market Attractiveness Analysis 10.3.1. By Country 10.3.2. By Packaging Type 10.3.3. By Application 10.4. Key Takeaways 11. Asia Pacific Market Analysis 2018-2022 and Forecast 2023-2033, By Country 11.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018-2022 11.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023-2033 11.2.1. By Country 11.2.1.1. China 11.2.1.2. Japan 11.2.1.3. India 11.2.1.4. South Korea 11.2.1.5. Rest of Asia Pacific 11.2.2. By Packaging Type 11.2.3. By Application 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By Packaging Type 11.3.3. By Application 11.4. Key Takeaways 12. Middle East and Africa Market Analysis 2018-2022 and Forecast 2023-2033, By Country 12.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018-2022 12.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023-2033 12.2.1. By Country 12.2.1.1. South Africa 12.2.1.2. GCC Countries 12.2.1.3. Rest of Middle East and Africa 12.2.2. By Packaging Type 12.2.3. By Application 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. By Packaging Type 12.3.3. By Application 12.4. Key Takeaways 13. Key Countries Market Analysis 13.1. U.S. 13.1.1. Pricing Analysis 13.1.2. Market Share Analysis, 2022 13.1.2.1. By Packaging Type 13.1.2.2. By Application 13.2. Canada 13.2.1. Pricing Analysis 13.2.2. Market Share Analysis, 2022 13.2.2.1. By Packaging Type 13.2.2.2. By Application 13.3. Brazil 13.3.1. Pricing Analysis 13.3.2. Market Share Analysis, 2022 13.3.2.1. By Packaging Type 13.3.2.2. By Application 13.4. Mexico 13.4.1. Pricing Analysis 13.4.2. Market Share Analysis, 2022 13.4.2.1. By Packaging Type 13.4.2.2. By Application 13.5. U.K. 13.5.1. Pricing Analysis 13.5.2. Market Share Analysis, 2022 13.5.2.1. By Packaging Type 13.5.2.2. By Application 13.6. Spain 13.6.1. Pricing Analysis 13.6.2. Market Share Analysis, 2022 13.6.2.1. By Packaging Type 13.6.2.2. By Application 13.7. Germany 13.7.1. Pricing Analysis 13.7.2. Market Share Analysis, 2022 13.7.2.1. By Packaging Type 13.7.2.2. By Application 13.8. Russia 13.8.1. Pricing Analysis 13.8.2. Market Share Analysis, 2022 13.8.2.1. By Packaging Type 13.8.2.2. By Application 13.9. Italy 13.9.1. Pricing Analysis 13.9.2. Market Share Analysis, 2022 13.9.2.1. By Packaging Type 13.9.2.2. By Application 13.10. France 13.10.1. Pricing Analysis 13.10.2. Market Share Analysis, 2022 13.10.2.1. By Packaging Type 13.10.2.2. By Application 13.11. China 13.11.1. Pricing Analysis 13.11.2. Market Share Analysis, 2022 13.11.2.1. By Packaging Type 13.11.2.2. By Application 13.12. Japan 13.12.1. Pricing Analysis 13.12.2. Market Share Analysis, 2022 13.12.2.1. By Packaging Type 13.12.2.2. By Application 13.13. India 13.13.1. Pricing Analysis 13.13.2. Market Share Analysis, 2022 13.13.2.1. By Packaging Type 13.13.2.2. By Application 13.14. South Korea 13.14.1. Pricing Analysis 13.14.2. Market Share Analysis, 2022 13.14.2.1. By Packaging Type 13.14.2.2. By Application 13.15. South Africa 13.15.1. Pricing Analysis 13.15.2. Market Share Analysis, 2022 13.15.2.1. By Packaging Type 13.15.2.2. By Application 13.16. GCC Countries 13.16.1. Pricing Analysis 13.16.2. Market Share Analysis, 2022 13.16.2.1. By Packaging Type 13.16.2.2. By Application 14. Market Structure Analysis 14.1. Competition Dashboard 14.2. Competition Benchmarking 14.3. Market Share Analysis of Top Players 14.3.1. By Regional 14.3.2. By Packaging Type 14.3.3. By Application 15. Competition Analysis 15.1. Competition Deep Dive 15.1.1. ADM 15.1.1.1. Overview 15.1.1.2. Product Portfolio 15.1.1.3. Profitability by Market Segments 15.1.1.4. Sales Footprint 15.1.1.5. Strategy Overview 15.1.1.5.1. Marketing Strategy 15.1.2. D’Allesandro Gourmet Ingredients 15.1.2.1. Overview 15.1.2.2. Product Portfolio 15.1.2.3. Profitability by Market Segments 15.1.2.4. Sales Footprint 15.1.2.5. Strategy Overview 15.1.2.5.1. Marketing Strategy 15.1.3. NK Hurst Company 15.1.3.1. Overview 15.1.3.2. Product Portfolio 15.1.3.3. Profitability by Market Segments 15.1.3.4. Sales Footprint 15.1.3.5. Strategy Overview 15.1.3.5.1. Marketing Strategy 15.1.4. Goya Foods 15.1.4.1. Overview 15.1.4.2. Product Portfolio 15.1.4.3. Profitability by Market Segments 15.1.4.4. Sales Footprint 15.1.4.5. Strategy Overview 15.1.4.5.1. Marketing Strategy 15.1.5. Urban Herbs 15.1.5.1. Overview 15.1.5.2. Product Portfolio 15.1.5.3. Profitability by Market Segments 15.1.5.4. Sales Footprint 15.1.5.5. Strategy Overview 15.1.5.5.1. Marketing Strategy 15.1.6. La Preferida 15.1.6.1. Overview 15.1.6.2. Product Portfolio 15.1.6.3. Profitability by Market Segments 15.1.6.4. Sales Footprint 15.1.6.5. Strategy Overview 15.1.6.5.1. Marketing Strategy 15.1.7. LaFe 15.1.7.1. Overview 15.1.7.2. Product Portfolio 15.1.7.3. Profitability by Market Segments 15.1.7.4. Sales Footprint 15.1.7.5. Strategy Overview 15.1.7.5.1. Marketing Strategy 15.1.8. The Kroger Co. 15.1.8.1. Overview 15.1.8.2. Product Portfolio 15.1.8.3. Profitability by Market Segments 15.1.8.4. Sales Footprint 15.1.8.5. Strategy Overview 15.1.8.5.1. Marketing Strategy 15.1.9. Bushbeans 15.1.9.1. Overview 15.1.9.2. Product Portfolio 15.1.9.3. Profitability by Market Segments 15.1.9.4. Sales Footprint 15.1.9.5. Strategy Overview 15.1.9.5.1. Marketing Strategy 15.1.10. Fujicco Co., Ltd. 15.1.10.1. Overview 15.1.10.2. Product Portfolio 15.1.10.3. Profitability by Market Segments 15.1.10.4. Sales Footprint 15.1.10.5. Strategy Overview 15.1.10.5.1. Marketing Strategy 16. Assumptions & Acronyms Used 17. Research Methodology
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List Of Table
Table 1: Global Market Value (US$ Million) Forecast by Region, 2018-2033
Table 2: Global Market Value (US$ Million) Forecast by Packaging Type, 2018-2033
Table 3: Global Market Value (US$ Million) Forecast by Application, 2018-2033
Table 4: North America Market Value (US$ Million) Forecast by Country, 2018-2033
Table 5: North America Market Value (US$ Million) Forecast by Packaging Type, 2018-2033
Table 6: North America Market Value (US$ Million) Forecast by Application, 2018-2033
Table 7: Latin America Market Value (US$ Million) Forecast by Country, 2018-2033
Table 8: Latin America Market Value (US$ Million) Forecast by Packaging Type, 2018-2033
Table 9: Latin America Market Value (US$ Million) Forecast by Application, 2018-2033
Table 10: Europe Market Value (US$ Million) Forecast by Country, 2018-2033
Table 11: Europe Market Value (US$ Million) Forecast by Packaging Type, 2018-2033
Table 12: Europe Market Value (US$ Million) Forecast by Application, 2018-2033
Table 13: Asia Pacific Market Value (US$ Million) Forecast by Country, 2018-2033
Table 14: Asia Pacific Market Value (US$ Million) Forecast by Packaging Type, 2018-2033
Table 15: Asia Pacific Market Value (US$ Million) Forecast by Application, 2018-2033
Table 16: Middle East and Africa Market Value (US$ Million) Forecast by Country, 2018-2033
Table 17: Middle East and Africa Market Value (US$ Million) Forecast by Packaging Type, 2018-2033
Table 18: Middle East and Africa Market Value (US$ Million) Forecast by Application, 2018-2033
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List Of Figures
Figure 1: Global Market Value (US$ Million) by Packaging Type, 2023-2033
Figure 2: Global Market Value (US$ Million) by Application, 2023-2033
Figure 3: Global Market Value (US$ Million) by Region, 2023-2033
Figure 4: Global Market Value (US$ Million) Analysis by Region, 2018-2033
Figure 5: Global Market Value Share (%) and BPS Analysis by Region, 2023-2033
Figure 6: Global Market Y-o-Y Growth (%) Projections by Region, 2023-2033
Figure 7: Global Market Value (US$ Million) Analysis by Packaging Type, 2018-2033
Figure 8: Global Market Value Share (%) and BPS Analysis by Packaging Type, 2023-2033
Figure 9: Global Market Y-o-Y Growth (%) Projections by Packaging Type, 2023-2033
Figure 10: Global Market Value (US$ Million) Analysis by Application, 2018-2033
Figure 11: Global Market Value Share (%) and BPS Analysis by Application, 2023-2033
Figure 12: Global Market Y-o-Y Growth (%) Projections by Application, 2023-2033
Figure 13: Global Market Attractiveness by Packaging Type, 2023-2033
Figure 14: Global Market Attractiveness by Application, 2023-2033
Figure 15: Global Market Attractiveness by Region, 2023-2033
Figure 16: North America Market Value (US$ Million) by Packaging Type, 2023-2033
Figure 17: North America Market Value (US$ Million) by Application, 2023-2033
Figure 18: North America Market Value (US$ Million) by Country, 2023-2033
Figure 19: North America Market Value (US$ Million) Analysis by Country, 2018-2033
Figure 20: North America Market Value Share (%) and BPS Analysis by Country, 2023-2033
Figure 21: North America Market Y-o-Y Growth (%) Projections by Country, 2023-2033
Figure 22: North America Market Value (US$ Million) Analysis by Packaging Type, 2018-2033
Figure 23: North America Market Value Share (%) and BPS Analysis by Packaging Type, 2023-2033
Figure 24: North America Market Y-o-Y Growth (%) Projections by Packaging Type, 2023-2033
Figure 25: North America Market Value (US$ Million) Analysis by Application, 2018-2033
Figure 26: North America Market Value Share (%) and BPS Analysis by Application, 2023-2033
Figure 27: North America Market Y-o-Y Growth (%) Projections by Application, 2023-2033
Figure 28: North America Market Attractiveness by Packaging Type, 2023-2033
Figure 29: North America Market Attractiveness by Application, 2023-2033
Figure 30: North America Market Attractiveness by Country, 2023-2033
Figure 31: Latin America Market Value (US$ Million) by Packaging Type, 2023-2033
Figure 32: Latin America Market Value (US$ Million) by Application, 2023-2033
Figure 33: Latin America Market Value (US$ Million) by Country, 2023-2033
Figure 34: Latin America Market Value (US$ Million) Analysis by Country, 2018-2033
Figure 35: Latin America Market Value Share (%) and BPS Analysis by Country, 2023-2033
Figure 36: Latin America Market Y-o-Y Growth (%) Projections by Country, 2023-2033
Figure 37: Latin America Market Value (US$ Million) Analysis by Packaging Type, 2018-2033
Figure 38: Latin America Market Value Share (%) and BPS Analysis by Packaging Type, 2023-2033
Figure 39: Latin America Market Y-o-Y Growth (%) Projections by Packaging Type, 2023-2033
Figure 40: Latin America Market Value (US$ Million) Analysis by Application, 2018-2033
Figure 41: Latin America Market Value Share (%) and BPS Analysis by Application, 2023-2033
Figure 42: Latin America Market Y-o-Y Growth (%) Projections by Application, 2023-2033
Figure 43: Latin America Market Attractiveness by Packaging Type, 2023-2033
Figure 44: Latin America Market Attractiveness by Application, 2023-2033
Figure 45: Latin America Market Attractiveness by Country, 2023-2033
Figure 46: Europe Market Value (US$ Million) by Packaging Type, 2023-2033
Figure 47: Europe Market Value (US$ Million) by Application, 2023-2033
Figure 48: Europe Market Value (US$ Million) by Country, 2023-2033
Figure 49: Europe Market Value (US$ Million) Analysis by Country, 2018-2033
Figure 50: Europe Market Value Share (%) and BPS Analysis by Country, 2023-2033
Figure 51: Europe Market Y-o-Y Growth (%) Projections by Country, 2023-2033
Figure 52: Europe Market Value (US$ Million) Analysis by Packaging Type, 2018-2033
Figure 53: Europe Market Value Share (%) and BPS Analysis by Packaging Type, 2023-2033
Figure 54: Europe Market Y-o-Y Growth (%) Projections by Packaging Type, 2023-2033
Figure 55: Europe Market Value (US$ Million) Analysis by Application, 2018-2033
Figure 56: Europe Market Value Share (%) and BPS Analysis by Application, 2023-2033
Figure 57: Europe Market Y-o-Y Growth (%) Projections by Application, 2023-2033
Figure 58: Europe Market Attractiveness by Packaging Type, 2023-2033
Figure 59: Europe Market Attractiveness by Application, 2023-2033
Figure 60: Europe Market Attractiveness by Country, 2023-2033
Figure 61: Asia Pacific Market Value (US$ Million) by Packaging Type, 2023-2033
Figure 62: Asia Pacific Market Value (US$ Million) by Application, 2023-2033
Figure 63: Asia Pacific Market Value (US$ Million) by Country, 2023-2033
Figure 64: Asia Pacific Market Value (US$ Million) Analysis by Country, 2018-2033
Figure 65: Asia Pacific Market Value Share (%) and BPS Analysis by Country, 2023-2033
Figure 66: Asia Pacific Market Y-o-Y Growth (%) Projections by Country, 2023-2033
Figure 67: Asia Pacific Market Value (US$ Million) Analysis by Packaging Type, 2018-2033
Figure 68: Asia Pacific Market Value Share (%) and BPS Analysis by Packaging Type, 2023-2033
Figure 69: Asia Pacific Market Y-o-Y Growth (%) Projections by Packaging Type, 2023-2033
Figure 70: Asia Pacific Market Value (US$ Million) Analysis by Application, 2018-2033
Figure 71: Asia Pacific Market Value Share (%) and BPS Analysis by Application, 2023-2033
Figure 72: Asia Pacific Market Y-o-Y Growth (%) Projections by Application, 2023-2033
Figure 73: Asia Pacific Market Attractiveness by Packaging Type, 2023-2033
Figure 74: Asia Pacific Market Attractiveness by Application, 2023-2033
Figure 75: Asia Pacific Market Attractiveness by Country, 2023-2033
Figure 76: Middle East and Africa Market Value (US$ Million) by Packaging Type, 2023-2033
Figure 77: Middle East and Africa Market Value (US$ Million) by Application, 2023-2033
Figure 78: Middle East and Africa Market Value (US$ Million) by Country, 2023-2033
Figure 79: Middle East and Africa Market Value (US$ Million) Analysis by Country, 2018-2033
Figure 80: Middle East and Africa Market Value Share (%) and BPS Analysis by Country, 2023-2033
Figure 81: Middle East and Africa Market Y-o-Y Growth (%) Projections by Country, 2023-2033
Figure 82: Middle East and Africa Market Value (US$ Million) Analysis by Packaging Type, 2018-2033
Figure 83: Middle East and Africa Market Value Share (%) and BPS Analysis by Packaging Type, 2023-2033
Figure 84: Middle East and Africa Market Y-o-Y Growth (%) Projections by Packaging Type, 2023-2033
Figure 85: Middle East and Africa Market Value (US$ Million) Analysis by Application, 2018-2033
Figure 86: Middle East and Africa Market Value Share (%) and BPS Analysis by Application, 2023-2033
Figure 87: Middle East and Africa Market Y-o-Y Growth (%) Projections by Application, 2023-2033
Figure 88: Middle East and Africa Market Attractiveness by Packaging Type, 2023-2033
Figure 89: Middle East and Africa Market Attractiveness by Application, 2023-2033
Figure 90: Middle East and Africa Market Attractiveness by Country, 2023-2033
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- FAQs -
What value is the market estimated to reach in 2023?
The global market size is estimated to be valued at US$ 872 million in 2023.
What was the global market size for 2022?
The market was reported at US$ 832 million in 2022.
What valuation is the market is estimated to reach in 2033?
The market is expected to reach a valuation of US$ 1.2 billion in 2033.
What value CAGR did the market exhibit over the last 4 years?
The market registered a CAGR of 6.2% over the last 4 years.
What is the projected market CAGR from 2023 to 2033?
The market is projected to witness a CAGR of 3.6% from 2023 to 2033.
Through which application is adzuki beans expected to witness significant demand and what is its projected CAGR from 2023 to 2033?
Adzuki beans demand through confectioneries is projected to witness significant demand with an expected CAGR of 3.2% by 2033.
What is the expected market size in the United States by 2033?
The market in the United States is projected to witness a market size of US$ 299.3 million and is expected to grow at a 3.4% CAGR from 2023 to 2033.
Which are the key companies in the market?
Key players in the market are ADM, D’Allesandro Gourmet Ingredients, NK Hurst Company, Goya Foods, the Kroger Co., and Urban Herbs, La Preferida, LaFe, Bushbeans, and Fujicco Co., Ltd.
Adzuki Beans Market