Sprouts Market
Sprouts Market Analysis by Bean Sprouts, Brussel Sprouts, Broccoli Sprouts, and Alfalfa Sprouts from 2023 to 2033
Analysis of Sprouts Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Sprouts Market Outlook (2023 to 2033)
Newly-released sprouts market analysis report by Fact.MR reveals that global sales of the sprouts market in 2022 were held at US$ 1.3 billion. With 3.9% projected growth from 2023 to 2033, the market is expected to reach a valuation of US$ 2 Billion by the end of the forecast period. Bean sprouts is expected to be the highest revenue generating type in the market, projected to grow at a CAGR of over 3.8% from 2023 to 2033.
| Attributes | Details |
|---|---|
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Global Sprouts Market Size (2022) |
US$ 1.3 Billion |
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Global Sprouts Market Size (2033) |
US$ 2 billion |
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Global Sprouts Market CAGR (2023 to 2033) |
3.9% |
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U.S. Sprouts Market CAGR (2023 to 2033) |
3.7% |
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Key Companies Covered |
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Revenue of Sprouts Market from 2018 to 2022 Compared to Demand Outlook for 2023 to 2033
As per the research of the sprouts market by Fact.MR - a market research and competitive intelligence provider, historically, from 2018 to 2022, the market value increased at around 6% CAGR. With an absolute dollar opportunity of US$ 630 million, the market is projected to reach a valuation of US$ 2 billion by 2033.
What are the Key Drivers Influencing the Market Expansion?
Sprouts generally refer to young plants that have just begun to grow from seeds. These plants are typically consumed raw and are a popular addition to salads and sandwiches due to their crisp texture and high nutrient content. Sprouts can be made from a variety of seeds, including alfalfa, mung beans, lentils, and broccoli. They are considered healthy food because they are low in calories and high in vitamins, minerals, and enzymes.
In 2019, global organic food sales were around US$ 95 billion which is expected to grow at a CAGR of 9.4% during the forecast period. Organic sprouts have high demand due to their perceived health benefits and lower exposure to pesticides and chemicals. The organic food market is expected to continue to grow in the coming years, which will drive the demand for organic sprouts.
India is one of the largest manufacturers of mung bean sprouts. In 2019, the total production of mung bean sprouts in the country was around 2.52 million tonnes. India exported around 3,166 metric tonnes of mung bean sprouts in 2019-20. This indicates that there is significant demand for mung bean sprouts both within India and in other countries. The increase in demand for healthy, organic foods is leading to market growth.
According to the International Diabetes Federation, in 2019, around 463 million adults were living with diabetes worldwide. Diabetes is a leading cause of death worldwide, with about 4.2 million deaths directly attributable to the disease. Sprouts have a low glycemic index, which means they don't cause a rapid spike in blood sugar levels. This makes them a good choice for people with diabetes or those who are trying to manage their blood sugar levels. Due to their effective health benefits, the demand for sprouts is expected to rise in the forthcoming years.
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Region-Wise Analysis
Which Region is Projected to Offer Significant Growth in the Market?
North America is a prominent shareholder in the market with a market size of US$ 372 million in 2022. It is projected that the region will have a market worth US$ 456 million by 2033.
According to research, in 2019, the production of fresh Brussels sprouts in Canada was around 6,390 metric tons which increased to around 6490 metric tons in 2020. Brussels sprouts contain antioxidants such as kaempferol, which can help reduce the risk of chronic diseases and protect against cellular damage. The demand for Brussels sprouts in the market increased due to their health benefits which are expected to influence the market growth in forthcoming years.
Country-Wise Analysis
United States Sprouts Market Analysis :
The market in the United States is expected to grow to be worth US$ 482.7 million by 2033, with an absolute dollar growth of US$ 145.5 million from 2023 to 2033. The market in the United States has grown at a CAGR of 5.8% from 2018 to 2022 and is expected to grow at a CAGR of 3.7% from 2023 to 2033.
According to the Organic Trade Association, the sales of organic food products in the United States had steady growth between 2018 and 2019. In 2018, organic food sales reached about US$ 47.9 billion, an increase of 5.9% from the previous year. In 2019, organic food sales continued to grow, reaching over US$ 55.1 billion, a 15.7% increase from 2018. Organic sprouts are in high demand due to their health benefits and lower exposure to pesticides and chemicals. The organic food market is expected to continue to grow in the coming years, which will drive the demand for organic sprouts.
United Kingdom Sprouts 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.
Sprouts are a rich source of nutrients, such as vitamins A, C, and K, as well as iron, calcium, and antioxidants. Due increase in demand for vitamins in the country, the demand for sprouts is expected to increase in the forthcoming years.
China Sprouts Market Analysis :
In China, the market is expected to grow to be worth US$ 249.6 million with an absolute dollar growth of US$ 68.8 million. The market in China has grown at a CAGR of 5.4% from 2018 to 2022 and is expected to grow at a CAGR of 3.3% from 2023 to 2033.
In 2019, China alone sold 195 tonnes of Brussels sprouts. The market for Brussels sprouts in China has surged by 41.3% compared to 2018. The Brussels sprout market in China has been growing in recent years, driven by increasing demand for healthy and nutritious foods among consumers, as well as the growing popularity of plant-based diets.
Japan Sprouts Market Analysis :
In Japan, the market is expected to grow to be worth US$ 204 million with an absolute dollar growth of US$ 43.4 million. The market in Japan has grown at a CAGR of 4.5% from 2018 to 2022 and is expected to grow at a CAGR of 2.4% from 2023 to 2033.
According to the International Diabetes Federation, in 2020, around 7.2 million cases were diagnosed with diabetes in Japan, which is approximately 8.5% of the adult population. Sprouts are a good source of dietary fiber, which can help to regulate blood sugar levels by slowing down the absorption of glucose in the bloodstream.
India Sprouts Market Analysis :
The market in India is expected to grow to be worth US$ 124.8 million by 2033, with an absolute dollar growth of US$ 23.4 million. The market in India has grown at a CAGR of 4% from 2018 to 2022 and is expected to grow at a CAGR of 2.1% from 2023 to 2033.
According to the data from the Ministry of Agriculture & Farmers' Welfare, Government of India, in 2019, the total production of mung bean sprouts in the country was around 2.52 million tonnes which grew to reach about 2.82 million tonnes in 2020.
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Category-Wise Insights
Why Bean Sprouts Demand is Projected to Witness Significant Growth?
Bean sprouts type is projected to witness significant growth with a CAGR of 5.8% from 2018 to 2022 and is expected to grow at a CAGR of 3.8% from 2023 to 2033.
Bean sprouts are one of the most popular types of sprouts in the global market. Several factors driving the market growth include increasing demand for healthy and organic foods, rising consumer awareness about the nutritional benefits of sprouts, and the growing popularity of plant-based diets.
Bean sprouts are widely used in Asian cuisines, particularly in dishes such as stir-fries, salads, and soups, which are gaining popularity in other parts of the world. As a result, many food manufacturers and retailers are introducing new products and expanding their offerings in the market to meet the growing demand.
Competitive Analysis
Key players in the market are Fuji Natural Foods, Jonathan Sprouts, Narita Foods Co. Ltd., Ocean Mist Farms, Pulmuone Foods USA, Sprouts Farmers Market Inc., Van der Plas Sprouts, Organic Valley, Kingsseeds, and Ippolito International.
A few of the recent developments in the market are :
- In March 2021, Jonathan Sprouts announced the launch of their new product line, "Sprouty Snacks," which are roasted and seasoned sprouted beans and lentils.
- In August 2021, Sprouts Farmers Market Inc. announced that it had acquired an online organic grocery delivery company called "Mighty Meals," which will help Sprouts expand its e-commerce capabilities and offer more convenient options to its customers.
- In November 2021, Van der Plas Sprouts announced that it had partnered with a Spanish company called "GreenFarm," which specializes in the production and distribution of organic fruit and vegetables. The partnership is aimed at expanding Van der Plas Sprouts' product offerings and distribution channels.
Segmentation of the Sprouts Market
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By Type :
- Bean Sprouts
- Kidney Bean Sprouts
- Lentil Sprouts
- Pea Sprouts
- Chickpea Sprouts
- Mung Bean Sprouts
- Brussel Sprouts
- Broccoli Sprouts
- Alfalfa Sprouts
- Bean Sprouts
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By End User :
- Household Consumption
- Bakery
- Hotels
- Food Processing Facilities
- Household Consumption
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By Distribution Channel :
- Online Sales
- Supermarkets/Hypermarkets
- Specialized Stores
- Convenience Stores
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By Region :
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
- FAQs -
What value is the market estimated to reach in 2023?
The global market size is estimated to be valued at US$ 1.4 billion in 2023.
What was the global market size for 2022?
The market was reported at US$ 1.3 billion in 2022.
What valuation of the market is estimated to reach by 2033?
The market is expected to reach a valuation of US$ 2 billion by 2033.
What value CAGR did the market exhibit over the last 4 years?
The market registered a CAGR of 6% over the last 4 years.
What is the projected CAGR for the market from 2023 to 2033?
The market is projected to witness a CAGR of 3.9% from 2023 to 2033.
Which type of sprouts are expected to witness significant demand?
Bean sprouts are projected to witness significant demand with a CAGR of 3.8% by 2033.
Through which distribution channel is the market expected to witness significant demand?
The market is expected to garner significant growth in demand through online sales with a CAGR of 3.7% from 2023 to 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$ 482.7 million and is expected to grow at a 3.7% CAGR from 2023 to 2033.
Which are the key companies offering Sprouts?
Key players in the market are Fuji Natural Foods, Jonathan Sprouts, Narita Foods Co. Ltd., Ocean Mist Farms, Pulmuone Foods USA, Sprouts Farmers Market Inc., Van der Plas Sprouts, Organic Valley, Kingsseeds, and Ippolito International.
Sprouts Market