The global bean sprouts market was valued at $4.5 billion in 2023, and is projected to reach $6.3 billion by 2033, growing at a CAGR of 3.5% from 2024 to 2033.
Bean sprouts are young, tender shoots that emerge from germinated beans, typically mung beans or soybeans. These sprouts are commonly used in various cuisines, especially in Asian cooking, for their crunchy texture, mild flavor, and nutritional benefits. Bean sprouts are produced by soaking beans in water until they sprout, after which the beans are cultivated in a warm, humid setting for several days. During this time, they develop thin, pale stems with tiny, undeveloped leaves. Bean sprouts are rich in vitamins, minerals, and enzymes, which makes them a healthy addition to salads, stir-fries, soups, and sandwiches.
The growth of the bean sprouts market is driven by rise in popularity of plant-based diets. Bean sprouts are a staple in vegetarian and vegan diets, offering a rich source of plant-based protein, fiber, vitamins, and minerals. As more individuals adopt plant-based lifestyles for health, environmental, and ethical reasons, the demand for versatile and nutritious plant-based ingredients such as bean sprouts has increased simultaneously. Moreover, local and regional production of organic bean sprouts has witnessed a surge, with numerous small-scale and regional organic farmers cultivating and distributing these sprouts to cater to local demand, especially in regions with significant populations of health-conscious consumers. The trend is expected to boost the growth of the bean sprout market by providing consumers with access to fresher, locally sourced products, thereby enhancing their appeal and perceived quality.
However, concerns related to food safety and hygiene in bean sprout production restrain the market demand for bean sprouts. Instances of foodborne illnesses linked to contaminated sprouts can lead to a loss of consumer trust and confidence in the product, resulting in reduced sales. Nevertheless, investment in R&D for extending shelf life and enhancing quality of the product has created market growth opportunities in the bean sprouts market. For instance, in March 2021, Jonathan Sprouts launched Sprouty Snacks to increase the product portfolio of roasted and seasoned sprouted beans and lentils.
Segmentation Overview
The bean sprouts market is segmented into type, source, application, distribution channel, and region. Depending on type, the market is divided into mung bean sprouts, soybean sprouts, alfalfa sprouts, radish sprouts, and others. As per source, it is bifurcated into conventional and organic. According to the application, the market is categorized into foodservice industry, household consumers, and food processing industry. By distribution channel, it is categorized into supermarkets/hypermarkets, convenience stores, specialty stores, online sales channel, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key Findings
By type, the mung bean sprouts segment held the highest market share in 2023.
Depending on source, the organic segment accounted for the largest share in the market in 2023.
According to the application, the household consumers segment acquired the highest market share in 2023.
As per distribution channel, the supermarkets/hypermarkets segment gained the maximum market share in 2023.
Region wise, Asia-Pacific dominated the bean sprouts market in 2023.
Competitive Analysis
The major players operating in the bean sprouts market include Henan Lvsezhongyuan, Zhengzhou New Village, Ningbo Wulongtan, Anhui Anxin, Fuji Natural Foods, Narita Foods, Pulmuone, Daesang, and Jonathan Sprouts. Other players in bean sprouts market includes Shanghai Yuanye Bio-Tech Co., Ltd., Nature's Sensation, Sungro Sprouts, Jonathan Sprouts, Evergreen Fresh Sprouts, Bangkok Ranch Public Company Limited, Shree Sai Sprouts, Dong-A Sprout Co., Ltd., and Golden Value Sprouts. These players have adopted several strategies to sustain their position in the market.
Bean sprouts are young, tender shoots that emerge from germinated beans, typically mung beans or soybeans. These sprouts are commonly used in various cuisines, especially in Asian cooking, for their crunchy texture, mild flavor, and nutritional benefits. Bean sprouts are produced by soaking beans in water until they sprout, after which the beans are cultivated in a warm, humid setting for several days. During this time, they develop thin, pale stems with tiny, undeveloped leaves. Bean sprouts are rich in vitamins, minerals, and enzymes, which makes them a healthy addition to salads, stir-fries, soups, and sandwiches.
The growth of the bean sprouts market is driven by rise in popularity of plant-based diets. Bean sprouts are a staple in vegetarian and vegan diets, offering a rich source of plant-based protein, fiber, vitamins, and minerals. As more individuals adopt plant-based lifestyles for health, environmental, and ethical reasons, the demand for versatile and nutritious plant-based ingredients such as bean sprouts has increased simultaneously. Moreover, local and regional production of organic bean sprouts has witnessed a surge, with numerous small-scale and regional organic farmers cultivating and distributing these sprouts to cater to local demand, especially in regions with significant populations of health-conscious consumers. The trend is expected to boost the growth of the bean sprout market by providing consumers with access to fresher, locally sourced products, thereby enhancing their appeal and perceived quality.
However, concerns related to food safety and hygiene in bean sprout production restrain the market demand for bean sprouts. Instances of foodborne illnesses linked to contaminated sprouts can lead to a loss of consumer trust and confidence in the product, resulting in reduced sales. Nevertheless, investment in R&D for extending shelf life and enhancing quality of the product has created market growth opportunities in the bean sprouts market. For instance, in March 2021, Jonathan Sprouts launched Sprouty Snacks to increase the product portfolio of roasted and seasoned sprouted beans and lentils.
Segmentation Overview
The bean sprouts market is segmented into type, source, application, distribution channel, and region. Depending on type, the market is divided into mung bean sprouts, soybean sprouts, alfalfa sprouts, radish sprouts, and others. As per source, it is bifurcated into conventional and organic. According to the application, the market is categorized into foodservice industry, household consumers, and food processing industry. By distribution channel, it is categorized into supermarkets/hypermarkets, convenience stores, specialty stores, online sales channel, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key Findings
By type, the mung bean sprouts segment held the highest market share in 2023.
Depending on source, the organic segment accounted for the largest share in the market in 2023.
According to the application, the household consumers segment acquired the highest market share in 2023.
As per distribution channel, the supermarkets/hypermarkets segment gained the maximum market share in 2023.
Region wise, Asia-Pacific dominated the bean sprouts market in 2023.
Competitive Analysis
The major players operating in the bean sprouts market include Henan Lvsezhongyuan, Zhengzhou New Village, Ningbo Wulongtan, Anhui Anxin, Fuji Natural Foods, Narita Foods, Pulmuone, Daesang, and Jonathan Sprouts. Other players in bean sprouts market includes Shanghai Yuanye Bio-Tech Co., Ltd., Nature's Sensation, Sungro Sprouts, Jonathan Sprouts, Evergreen Fresh Sprouts, Bangkok Ranch Public Company Limited, Shree Sai Sprouts, Dong-A Sprout Co., Ltd., and Golden Value Sprouts. These players have adopted several strategies to sustain their position in the market.
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Key Market Segments
By Type
- Mung Bean Sprouts
- Soybean Sprouts
- Alfalfa Sprouts
- Radish Sprout
- Others
By Source
- Conventional
- Organic
By Application
- Foodservice Industry
- Household Consumers
- Food Processing Industry
By Distribution Channel
- Supermarkets/Hypermarkets
- Convenience Stores
- Specialty Stores
- Online Sales Channel
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- France
- Germany
- Italy
- Spain
- UK
- Russia
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Thailand
- Malaysia
- Indonesia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Argentina
- Rest of LAMEA
- Henan Lvsezhongyuan
- Zhengzhou New Village
- Ningbo Wulongtan
- Anhui Anxin
- Fuji Natural Foods
- Narita Foods
- Pulmuone
- Daesang
- Jonathan Sprouts
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET LANDSCAPE
CHAPTER 4: BEAN SPROUTS MARKET, BY TYPE
CHAPTER 5: BEAN SPROUTS MARKET, BY SOURCE
CHAPTER 6: BEAN SPROUTS MARKET, BY APPLICATION
CHAPTER 7: BEAN SPROUTS MARKET, BY DISTRIBUTION CHANNEL
CHAPTER 8: BEAN SPROUTS MARKET, BY REGION
CHAPTER 9: COMPETITIVE LANDSCAPE
CHAPTER 10: COMPANY PROFILES
LIST OF TABLES
LIST OF FIGURES
Companies Mentioned
Key Market Players in the Bean Sprouts Market include:- Henan Lvsezhongyuan
- Zhengzhou New Village
- Ningbo Wulongtan
- Anhui Anxin
- Fuji Natural Foods
- Narita Foods
- Pulmuone
- Daesang
- Jonathan Sprouts
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 289 |
| Published | July 2024 |
| Forecast Period | 2023 - 2033 |
| Estimated Market Value ( USD | $ 4.5 billion |
| Forecasted Market Value ( USD | $ 6.3 billion |
| Compound Annual Growth Rate | 3.5% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
