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Herbaceous Legumes Market - Forecasts from 2023 to 2028

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    Report

  • 142 Pages
  • September 2023
  • Region: Global
  • Knowledge Sourcing Intelligence LLP
  • ID: 5899294

The herbaceous legumes market was valued at US$1.953 billion in 2021 and is projected to expand at a CAGR of 6.44% over the forecast period to reach US$3.024 billion by 2028

Herbaceous legumes are a kind of legume that has been found as a possible source of protein and fibre for animals, namely ruminants. They are rich in the minerals, vitamins, and crude protein that ruminal microorganisms require to develop. Herbaceous legumes can be cultivated in a cereal crop rotation or as a relay crop inside cereal crops. Herbaceous legumes can get atmospheric N2 through the "fixation" of bacteria in root nodules. The succeeding cereal crops and the legumes may access the "fixed" N. The best way to grow herbaceous legumes is from seed. In cropping systems, the use of herbaceous legumes aims to boost animal production, notably live weight gain in animals being raised for sale.

Increasing preferences will drive market growth

The prevalence of chronic ailments brought on by poor dietary practices, greater consumption, and broad modernity are the main drivers maintaining the herbaceous legumes market’s consistent expansion. Herbaceous legumes have produced a rich supply of high crude protein and fibres for people and ruminants, which has increased the concentration of ruminal microorganisms. Consumer interest in eating herbaceous legumes is increasing as a consequence, which is fueling the herbaceous legumes market’s expansion.

Using herbaceous legumes for livestock feeding

Cattle production in East Nusa Tenggara (ENT) is constrained by an erratic supply of high-quality forage, especially late in the dry season. Animals on locally available feeds frequently have low rates of live-weight gain, primarily because of low nitrogen (N) levels within feeds during the dry season, supplementing with forage from tree legumes such as Leucaena leucocephala and Sesbania grandiflora which improves animal performance. These factors are impacting the herbaceous legumes market growth.

Utilization of herbaceous legumes in cereal systems

Herbaceous legumes can be cultivated in rotation with cereals or as a relay crop inside cereal crops. After the harvest of the grain crop, the legumes can continue to grow into the early dry season on conserved soil moisture (when cultivated in tandem). Fresh or frozen fodder can be provided to cattle at any time throughout the dry season. It is practical to store the legume fodder as hay. Introduced legumes seem to nodulate successfully and fix nitrogen with local soil microorganisms, and highly impacts the herbaceous legumes market growth.

Increasing adoption of herbaceous legumes by farmers is acting as a growth driver for the market

Herbaceous legumes are more likely to be grown by farmers who are actively involved in the production of animals and have access to a scarce supply of high-quality animal feed, which is the key driver for herbaceous legumes market growth. Farmers must have enough seed on hand to sow herbaceous legumes. For legumes to be quickly adopted, farmers and extension personnel must be educated on their advantages and proper cultivation.

It is essential for the effective implementation of the technology to provide farmers with ongoing support throughout the process of producing legumes. Adoption will be sped up by on-farm demonstrations of legumes and the advantages they offer in the herbaceous legumes market.

Crockett germplasm herbaceous mimosa is gaining popularity

The USDA-Natural Resources Conservation Service, East Texas Plant Materials Centre, Nacogdoches, Texas, released Crockett Germplasm herbaceous mimosa for conservation plantings in the Western Coastal Plain region of Texas and Louisiana.  At the Louisiana State University, AgCenter Red River Research Station in Bossier Parish, Louisiana, Crockett Germplasm was also interseeded into warm season, imported grasses (bahiagrass and Bermudagrass) to assess its potential as a pasture legume.  The findings show that Crockett Germplasm is palatable to cattle, withstands directed grazing, is compatible with bahiagrass and bermudagrass, and offers a legume choice for long-term fodder management systems boosting herbaceous legumes market share.

Asia Pacific is anticipated to dominate the herbaceous legumes market

Asia-Pacific is anticipated to hold a monopoly on the herbaceous legumes market, due to the region's rapidly expanding population and strong demand for and consumption of legumes in food and associated goods. Asia-Pacific has seen a huge surge in the production of herbaceous legumes in recent years and is anticipated to continue through the projected period. Furthermore, North America is predicted to see lucrative growth of in the forecast period, due to the rising demand for foods high in protein and fibre in the area.

Market Key Developments

  • May 2023, Lawns 2 Legumes has been running since 2019, but a $4 million environmental budget that was approved during the current parliamentary session will allow it to continue for many more years.

Segmentation:

  By Type

  • Perennial
  • Grass
  • Trees
  • Shrubs
  • Others
  • By Growth

  • Moderate Initial Fertilization
  • Extended Vegetative Growth
  • High Sowing Densities
  • Sowing in Mixture
  • Organic
  • Inorganic
  • By End-Use

  • Household
  • Commercial
  • Food Service
  • Food Processing
  •    By Geography

  • North America
  • United States
  • Canada
  • Mexico
  • South America
  • Brazil
  • Argentina
  • Others
  • Europe
  • United Kingdom
  • Germany
  • France
  • Spain
  • Others
  • Middle East and Africa
  • Saudi Arabia
  • UAE
  • Israel
  • Others
  • Asia Pacific
  • Japan
  • China
  • India
  • South Korea
  • Indonesia
  • Thailand
  • Others

Table of Contents

1. INTRODUCTION
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Market Segmentation
1.5. Currency
1.6. Assumptions
1.7. Base, and Forecast Years Timeline
2. RESEARCH METHODOLOGY
2.1. Research Data
2.2. Assumptions
3. EXECUTIVE SUMMARY
3.1. Research Highlights
4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porter’s Five Force Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
5. GLOBAL HERBACEOUS LEGUMES MARKET BY TYPE
5.1. Introduction
5.2. Perennial
5.3. Grass
5.4. Trees
5.5. Shrubs
5.6. Others
6. GLOBAL HERBACEOUS LEGUMES MARKET BY GROWTH
6.1. Introduction
6.2. Moderate Initial Fertilization
6.3. Extended Vegetative Growth
6.4. High Sowing Densities
6.5. Sowing in Mixture
6.6. Organic
6.7. Inorganic
7. GLOBAL HERBACEOUS LEGUMES MARKET BY END-USE
7.1. Introduction
7.2. Household
7.3. Commercial
7.4. Food Service
7.5. Food Processing
8. GLOBAL HERBACEOUS LEGUMES MARKET BY GEOGRAPHY
8.1. Introduction
8.2. North America
8.2.1. United States
8.2.2. Canada
8.2.3. Mexico
8.3. South America
8.3.1. Brazil
8.3.2. Argentina
8.3.3. Others
8.4. Europe
8.4.1. United Kingdom
8.4.2. Germany
8.4.3. France
8.4.4. Spain
8.4.5. Others
8.5. The Middle East and Africa
8.5.1. Saudi Arabia
8.5.2. UAE
8.5.3. Israel
8.5.4. Others
8.6. Asia Pacific
8.6.1. Japan
8.6.2. China
8.6.3. India
8.6.4. South Korea
8.6.5. Indonesia
8.6.6. Thailand
8.6.7. Others
9. COMPETITIVE ENVIRONMENT AND ANALYSIS
9.1. Major Players and Strategy Analysis
9.2. Market Share Analysis
9.3. Mergers, Acquisitions, Agreements, and Collaborations
10. COMPANY PROFILES
10.1. B&G Foods, Inc. (U.S.)
10.2. Conagra Brands, Inc. (U.S.)
10.3. Eden Foods (U.S.)
10.4. Olam Group (Singapore)
10.5. Galdisa USA (U.S.)
10.6. Nomad Foods (U.S.)

Companies Mentioned

  • B&G Foods, Inc. (U.S.)
  • Conagra Brands, Inc. (U.S.)
  • Eden Foods (U.S.)
  • Olam Group (Singapore)
  • Galdisa USA (U.S.)
  • Nomad Foods (U.S.)

Methodology

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