Adzuki Beans Market Size Worth $1,185.39 Million By 2032 | CAGR: 3.8%

The global adzuki beans market size is expected to reach USD 1,185.39 million by 2032, according to a new study by Polaris Market Research. The report “Adzuki Beans Market Share, Size, Trends, Industry Analysis Report, By Packaging Type (Canned and Plastic Bag); By Application; By Region; Segment Forecast, 2023 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The rapidly increasing product demand as a valuable source of plant-based protein and its widespread use in a range of traditional dishes and desserts, along with its rapid emergence as a meat substitute in several dishes, while appealing to those seeking vegetarian and plant-based protein sources, driving the market growth. In addition, various government policies related to agriculture, trade, and health focus on implementing subsidies, tariffs, and regulations promoting the use of such ingredients, influencing production and consumption patterns, and pushing market growth forward.

• For instance, in June 2023, EcoAgro and Retail S.A., in a collaboration between APRO, announced the launch of its first certified organic agroecological product, which is a significant milestone for the company’s commitment to promoting environmentally and health-friendly food choices.

As sustainable and regenerative agriculture practices are gaining huge prominence all over the world, adzuki beans are growing rapidly due to their capabilities to play a crucial role in crop rotation and soil health. With a growing number of farmers exploring sustainable farming practices and marketing their produce as environmentally friendly through various channels, the need and demand for adzuki beans are significantly rising.

• For instance, according to a recent report, natural farming is among sustainable agricultural practices in South Asian nations and has been adopted by more than 800,000 farmers across the country.

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The rapid surge in technological advancements in food processing enables the production of a wide range of adzuki bean-based products, from adzuki bean flour and paste to snacks, desserts, and beverages, among others. The rising incorporation of enhanced or improved drying and storage technologies that help maintain the product quality and prevent spoilage of adzuki beans are among the factors positively influencing the growth of the market.

Furthermore, with the growing proliferation of the implementation and adoption of advanced drying and processing technologies in order to preserve the nutritional content of adzuki beans and extend their shelf life basically includes technologies like infrared drying, vacuum drying, and freeze-drying methods, the market for adzuki beans is likely to increase substantially in the near future.

Adzuki Beans Market Report Highlights

• Packaging type accounted for notable market share on account of its numerous benefits, including versatility, reduced cooking time, and greater convenience.
• The confectioneries segment held the majority revenue share, mainly due to increasing consumption of natural and plant-based ingredients and new product developments.
• North America will grow at the fastest pace during the anticipated period, owing to consumer increased awareness about its potential benefits and investments in R&Ds
• The key market players include Global Nature Crafts, Natural Import Company, NK Hurst Company, Fujicco Co., ADM, Bushbeans, The Kroger Co., and Tradin Organic.

Polaris Market Research has segmented the adzuki beans market report based on packaging type, application, and region:

Adzuki Beans, Packaging Type Outlook (Revenue - USD Million, 2023 - 2032)

• Canned
• Plastic Bag

Adzuki Beans, Application Outlook (Revenue - USD Million, 2023 - 2032)

• Confectioneries
• Bakery
• Desserts
• Cosmetics

Adzuki Beans, Regional Outlook (Revenue - USD Million, 2023 - 2032)

• North America

• U.S.
• Canada

• Europe

• Germany
• UK
• France
• Italy
• Spain
• Russia
• Netherlands

• Asia Pacific

• China
• India
• Japan
• South Korea
• Indonesia
• Malaysia

• Latin America

• Argentina
• Brazil
• Mexico

• Middle East & Africa

• UAE
• Saudi Arabia
• Israel
• South Africa

Adzuki Beans Market Report Scope