Global Legumes Market is projected to register a CAGR of 3.32% from 2019 to 2024 and reach a value of USD 104.31 billion, by 2024. Legumes such as beans are rich in folate, which plays an important role in reducing fatigue and heart palpitations. Lentils are a good source of dietary fibers; they help lower cholesterol levels. Lentils are considered good for the overall health of bones, as they contain high amount of calcium.
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Olam International (Singapore), General Mills Inc (US), Galdisa USA (US), Nomad Foods (UK), Puris Proteins, LLC (US), ILRAMA AGRO LLC (Uzbekistan), Nefis Bulgar Ltd. (Turkey), BIMARKET LLC (Ukraine), AGT Foods USA (US), Anchor Ingredients Co, LLC (US), B&G Foods (US), The Archer Daniels Midland Company (US), Conagra Brands Inc (US), Eden Foods Inc (US), and Dunns Limited (UK) are some of the major key players in the Global Legumes Market.
Global Legumes Market has been segmented on the basis of source, product type, end use, and region.
On the basis of product type, the legumes market has been segregated into whole, flour, oil, and others. The flour segment is expected to account for the largest market share owing to high demand from household users. The whole segment is projected to expand at the highest CAGR during the study period due to increasing demand from food processing industries.
In terms of end use, the global legumes market has been classified as household and commercial. The commercial segment is anticipated to account for a larger market share due to extensive use of legumes in the food service and food processing industries. The household segment is anticipated to expand at a higher CAGR during the forecast period due to increasing awareness among consumers regarding the health benefits.
By region, the global legumes market has been categorized as North America, Europe, Asia-Pacific, and the rest of the world.
The market in the rest of the world is expected to grow at a steady rate due to the rise in the demand for high-protein food.
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