Bean Pasta Market Future Outlook and Active Company Profiles during 2019 to 2029

In a recent business intelligence study, FactMR presents the nitty-gritty of the global bean pasta market considering 2014-2018 as the historic year and 2019–2029 as the stipulated timeframe. The business report highlights the drivers, restraints, opportunities and trends affecting bean pasta market growth. Further, all the market shares associated with the market as well as the segments are expressed in terms of value and volume.

The bean pasta market study outlines the key regions – Latin America, North America, MEA, Europe and APEJ – along with the countries contributing the most in the respective regions. The report presents detailed insights about each market player, including SWOT analysis, main market information, market share, revenue, pricing and gross margin. Prominent players covered in this research are Harvest Innovations, LIVIVA Foods, The Only Bean, Gold Harbor and many others.

The bean pasta market report addresses the below-mentioned queries:

• Why are vendors shifting away from traditional methods of manufacturing bean pasta?
• How does the global bean pasta market looks like in the next five years?
• Which end use industry is expected to surpass segment by the end of 2029?
• What innovative products are being introduced by the players in the global bean pasta market?
• Which regions are showing the fastest market growth?

The bean pasta market is projected to be valued at more than US$ 7 billion, and is poised to grow at a staggering CAGR of over 12% during the forecast period. The remarkable trend of gluten free food consumption is sharply coinciding with the global impetus to create a burgeoning category of pasta from beans and legumes in lieu of conventional variants such as wheat pasta and rice pasta. Bean pasta is seeing rampant adoption on the back of its convenience and taste profile, which has long been considered as a trend in restaurants and homes alike.

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The movement towards vegetarianism and “flexitarism” among western consumers is causing a significant change in the consumption pattern of pasta staples. Moreover, a subtle shift in consumer tastes is being observed, driven by perceived carbohydrate reduction benefits and the rise of alternative grain options such as quinoa. This has led to a very sharp increase in the overall demand for bean pasta in developed regions.

Key Takeaways of Bean Pasta Market Study

Conventional bean pasta is exhibiting prolific demand in line with an increased focus on good health and growing food adulteration incidences. Presently, North America holds the largest share (over 40%) within the global bean pasta market. The high demand for organic products as a deeply entrenched market trend aimed at health and wellness is fueling the growth of the market in this region. APAC will witness the highest CAGR growth rate of over 16% in the bean pasta market during the forecast period. The growing per capita income in emerging economies, particularly India and China is expected to create substantial growth opportunities for the bean pasta market in the near future.

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In terms of distribution channel, store based retail accounted for the largest share of about 90% in 2018. Majority of bean pasta producers prefer to channel their products through retail units. With e-commerce giants such as Amazon, Walmart and Target taking keen interest in online grocery delivery, the online retail segment will showcase the highest growth rate of over 18% during the forecast period.

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