Global Herbaceous Legumes Market, By Type (Perennial, Grass, Trees, Shrubs and Others), Growth (Moderate Initial Fertilization, Extended Vegetative Growth, High Sowing Densities and Sowing in Mixture), Product Type (Whole, Flour, Oil and Others), End-use (Household and Commercial) – Industry Trends and Forecast to 2029
Herbaceous Legumes Market Analysis and Size
The advanced benefits provided by herbaceous legumes have aided the growth of the herbaceous legumes market. Several benefits such as enhanced animal performance growth, flattening, reproduction and high production rates for wool in animals and high protein and fibre enriched content for animals and humans are the factors that are driving the growth of the market.
Data Bridge Market Research analyses that the herbaceous legumes market was valued at USD 856.00 million in 2021 and is expected to reach the value of USD 1470.77 million by 2029, at a CAGR of 7.00% during the forecast period of 2022-2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Perennial, Grass, Trees, Shrubs and Others), Growth (Moderate Initial Fertilization, Extended Vegetative Growth, High Sowing Densities and Sowing in Mixture), Product Type (Whole, Flour, Oil and Others), End-use (Household and Commercial)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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B&G Foods, Inc. (U.S.), ADM (U.S.), Conagra Brands, Inc. (U.S.), Eden Foods (U.S.), Olam Group (Singapore), General Mills Inc. (U.S.), Galdisa USA (U.S.), Nomad Foods (U.S.), PURIS (U.S.), NEFIS BULGUR (Turkey), AGT Food and Ingredients (U.S.), ANCHOR INGREDIENTS. (U.S.), A&B Ingredients, Inc. (U.S.), AcerChem International (Singapore), ADM (U.S.), Batory Foods. (U.S.), Best Cooking Pulses, Inc. (U.S.), Cargill, Incorporated. (U.S.), Ingredion. (U.S.), Conagra Brands, Inc. (U.S.)
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Opportunities
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Market Definition
Herbaceous legumes are a species of legumes identified as potential protien and fibre supplements for animals mainly for ruminants. They contain high amounts of crude protein, minerals and vitamins needed for the growth of ruminal microbes. Herbaceous legumes can be grown as a relay within cereal crops or as a rotation with cereals.
Herbaceous Legumes Market Dynamics
Drivers
- Increased Preferences
The primary factors ensuring the herbaceous legumes market's steady growth are widespread modernization, increased consumption, and the prevalence of chronic illnesses due to poor dietary habits. Herbaceous legumes have resulted in the rich source of high crude protein and fibres for humans and ruminants, thereby enhancing the ruminal microbes' content . As a result, consumers are becoming more interested in herbaceous legumes consumption, which is driving th growth of the market growth.
- Active Nitrogen Fixation
The herbaceous legumes can access atmospheric nitrogen through bacterial activity in the root nodules. The fixed nitrogen becomes available to the legumes and the subsequent cereal crops through rotational farming. This factor is projected to show a significant growth in the market.
Opportunities
Growing demand for herbaceous legumes in animal productivity and live weight gain are some factors that are expected to generate numerous lucrative opportunities for the market.
Restraints
Lack of awareness about the herbaceous legumes in developing countries and high costs will pose significant challenges to the market's growth.
This herbaceous legumes market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the herbaceous legumes market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
COVID-19 Impact on Herbaceous Legumes Market
The coronavirus pandemic has harmed the majority of the microbial species market's manufacturing, development, production, and logistics units. However, some industries have grown during the pandemic, and the microbial products market is one of them. Although industries such as agriculture, which are closely related to the microbial products industry, have seen a significant decline in growth, the microbial product market is still exhibiting tremendous growth in the Covid-19 period.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Global Herbaceous Legumes Market Scope
The herbaceous legumes market is segmented on the basis of type, growth, product type,and end-use. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Perennial
- Grass
- Trees
- Shrubs
- Others
Growth
- Moderate Initial Fertilization
- Extended Vegetative Growth
- High Sowing Densities
- Sowing in Mixture
- Organic
- Inorganic
Product Type
- Whole
- Flour
- Oil
- Others
End-use
- Household
- Commercial
- Food Service
- Food Processing
Herbaceous Legumes Market Regional Analysis/Insights
The herbaceous legumes market is analysed and market size insights and trends are provided by type, growth, product type, and end-use as referenced above.
The countries covered in the herbaceous legumes market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the herbaceous legumes market due to the rapidly increasing population leading to high demands and consumption of legumes in food and related products.
North America is expected to show profitable growth during the forecast period of 2022 to 2029 due ot the increased demand for food containing high protein and fibre in the region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Herbaceous Legumes Market Share Analysis
The microbial species market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to microbial species market.
Some of the major players operating in the microbial species market are:
- B&G Foods, Inc. (U.S.)
- ADM (U.S.)
- Conagra Brands, Inc. (U.S.)
- Eden Foods (U.S.)
- Olam Group (Singapore)
- General Mills Inc. (U.S.)
- Galdisa USA (U.S.)
- Nomad Foods (U.S.)
- PURIS (U.S.)
- NEFIS BULGUR (Turkey)
- AGT Food and Ingredients (U.S.)
- ANCHOR INGREDIENTS. (U.S.)
- A&B Ingredients, Inc. (U.S.)
- AcerChem International (Singapore)
- ADM (U.S.)
- Batory Foods. (U.S.)
- Best Cooking Pulses, Inc. (U.S.)
- Cargill, Incorporated. (U.S.)
- Ingredion. (U.S.)
- Conagra Brands, Inc. (U.S.)
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