Bean Flour Market

Bean Flour Market Snapshot (2023 to 2033)

The global bean flour market is expected to be valued at USD 2,788.7 million in 2023 and is projected to reach USD 5,209.5 million by 2033. A CAGR worth 6.4% is expected for the market during the 2023 to 2033 forecast period.

Bean flours are made from crushed dried or even split beans. The white bean is an oblong and slightly flattened variation of the common bean. Black beans, often known as turtle beans, are widely consumed throughout Latin America. The name black beans refer to their shiny dark black color. Bean flour contains oxalate, chlorogenic acid, triterpenoid phytonutrients, fatty acids, flavonoids including delphinidin, malvidin, petunidin, kaempferol, and quercetin, hydroxycinnamic acids like ferulic and sinapic.

Data Points	Key Statistics
Expected Market Value (2023)	USD 2788.7 million
Projected Forecast Value (2033)	USD 5209.5 million
Anticipated Growth Rate (2023 to 2033)	6.4%

Bean flour contains molybdenum, folate, and dietary fiber, as well as copper, phosphorus, manganese, vitamins, magnesium, proteins, and other nutrients. Black beans have numerous health benefits and are regarded as one of the world's healthiest foods.

Bean flour has health advantages such as cardiovascular disease prevention, lowering the risk of some forms of cancer, regulating blood sugar, improving gut health, and others, making it a favorite legume among health-conscious customers. Black beans are available all year, which aids in the continual availability of bean flour, meeting client demand in the global market. Such beneficial factors of these beans are expected to accelerate the growth in this industry from 2023 to 2033.

What are the Major Factors Boosting the Bean Flour Market?

Bean flour is mostly pushed by health-conscious consumers since it has several health benefits such as preventing various heart diseases, lowering the risk of some types of cancer, improving gut function, regulating blood sugar levels, and others.

The high fibre content of black bean flour aids in the management of diabetes by lowering blood sugar levels. The high fibre content aids digestion by promoting gut microbiota health. Health products and protein drinks are becoming more popular among the younger population. Because they are high in protein and readily available, this trend is proving to be one of the primary drivers for the worldwide bean flour market.

Rising consumer awareness of the need for a healthy diet. The increasing need for delectable products for various occasions is driving demand for organic bean flour, which is one of the elements used in the creation of sweets. Healthy beverages or protein shakes consumption is on the rise among young people, which is one of the primary drivers of rising bean flour demand.

What are the Factors Hindering the Bean Flour Market?

Although beans have many health benefits, they do have some negative effects that can pose serious problems for consumers. Some people are allergic to legumes, which include a variety of beans. Consuming bean flour may result in nausea, abdominal pain, vomiting, and skin itching.

Beans contain a substance called purine, which, when broken down, produces excess uric acid, resulting in gout. Gout is a kind of arthritis characterized by uric acid crystals accumulating in the joints. Such adverse effects may negatively influence the worldwide bean flour market over the forecast period.

What is the Outlook of the Nature Type Segment of the Bean Flour Market?

During the projected period of 2023 to 2033, the organic segment is expected to gain a global market share of 61% during the forecast period. Although beans have many health benefits, they do have some negative effects that can pose serious problems for consumers. Some people are allergic to legumes, which include a variety of beans. Consuming bean flour may result in nausea, abdominal pain, vomiting, and skin itching.

Beans contain a substance called purine, which, when broken down, produces excess uric acid, resulting in gout. Gout is a kind of arthritis characterized by uric acid crystals accumulating in the joints. Such adverse effects may negatively influence the worldwide bean flour market over the forecast period.

What is the Outlook of the North American Bean Flour Market?

In terms of market share and revenue, the North American market is expected to be the dominant market for bean flour during the projection period of 2023 to 2033. The analysts at Future Market Insights predict that by 2023, the market of bean flour in North America is expected to acquire a global market size of 28.3%.

The widespread usage of bean flour and the creation of related dishes are factors driving the growth of the North American bean flour market. Lifestyle changes, rising healthcare costs, and increased consumer health awareness have all fuelled market expansion. Emerging flour production markets include Central America, Latin America, Mexico, and the USA.

It is mostly used in baking applications in the North American market, particularly in the USA. In this market, bean flour is extensively used in pastries and desserts. Organic flour is the most popular flour in North America. When making a hard crust or a soft filling like a pizza or bagel, high-protein bean flour or high gluten are employed. Low-protein bean flour is used to manufacture soft crusts or baked products such as cookies and cakes, which is driving the expansion of the regional bean flour market.

How is the European Market Driving Demand for Bean Flour?

By 2023, Europe is likely to hold approximately 25.4% of the global market share. This region is expected to be one of the fastest-growing markets for bean flour from 2023 to 2033.

The health benefits of bean flour and the growing preference for a healthy lifestyle are driving the expansion of the European bean flour market.

Customers increasingly seek clean, organic, and high-quality food goods, boosting demand for organic bean flour. In terms of nutrition, organic bean flour is high in vitamins, proteins, minerals, and fibers, and it is widely used in the production of cookies, pastries, muffins, and other bakery products.

The growing population's desire for healthier food options and rising disposable income have boosted the demand for organic bean flour. Organic food is growing rapidly in Europe's well-established countries, such as Germany, France, and the United Kingdom. Furthermore, favorable government laws promoting organic bean flour in the market are projected to drive market expansion.

What Can Be Expected From The Asia Pacific Region During The Forecast Period?

The Asia Pacific market for bean flour is expected to grow steadily during the forecast period. Consumers in Asia Pacific are increasingly using bean flour due to its health benefits and regulatory requirements. Several measures are being implemented to support food fortification to reduce malnutrition cases.

Evolving healthy eating trends, expanding bean flour application in bakery goods and confectionaries, and the launch of products including bean flour as a component are pushing wheat flour demand across the Asia Pacific.

Bean manufacturers are releasing high-quality and exquisite kinds of bean flour into the market in response to the expanding market demand for bean flour products. Furthermore, the expansion of the food and beverage, cosmetics, and other industries is likely to drive demand for bean flour throughout the Asia Pacific.

Start-up scenario

The various start-ups in the market for bean flour are utilizing the ‘go organic’ trend and manufacturing organic bean flour. Along with this trend, the new companies aim to prosper within the vegan and plant-based market to attract more customers towards their brand.

Market Competition

The key players in this market include Nikken Foods, Xi’an Sost Biological Science & Technology Co. Ltd., Bob’s Red Mill Natural Foods, Damin Foodstuff (Zhangzhou) Co. Ltd., GreenMax S&F, Ottogi Co, Ltd., Vestkorn, Green Image Organic Sdn. Bhd.

• Vestkorn sells fava bean flour, which has an excellent amino acid profile and can be used in place of wheat flour. The fava beans are extensively cleansed to remove any foreign contaminants and ensure no wheat or soybeans are present. The fava beans are next dehulled, with the kernels and hulls precisely removed to yield a pure kernel ready for processing. We receive a light­grey flour with a faint beany flavor after milling to the correct particle size. Vestkorn fava bean flour has approximately 30% protein and 48% carbs, making it a great protein source.
• Nikken Foods provides Black Bean Powder - 7036, a vacuum-dried black bean paste prepared from fermented black soybeans on a maltodextrin carrier. It adds an authentic, full-flavored traditional Asian seasoning flavor to soups, salad dressings, sauces/marinades, dips, snacks, appetizers, and entrees, among other things.

Recent Developments

• February 2023: The company, Eden Foods, announced the launch of a new line of bean flour products that are certified organic and gluten-free. The products are made from a variety of beans, including black beans, pinto beans, and kidney beans.
• March 2023: The company, SunOpta, announced the expansion of its bean flour production capacity in North America. The expansion is in response to the growing demand for bean flour products, particularly in the gluten-free and vegan markets.
• April 2023: The company, ADM, announced the launch of a new line of bean flour-based snacks. The snacks are made with a variety of bean flours, including pea flour, lentil flour, and chickpea flour.

Report Scope

Attribute	Details
Growth Rate	CAGR of 6.4% from 2023 to 2033
Market value in 2023	USD 2,788.7 million
Market value in 2033	USD 5,209.5 million
Base Year for Estimation	2023
Historical Data	2018 to 2022
Forecast Period	2023 to 2033
Quantitative Units	USD million for Value
Report Coverage	Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis
Segments Covered	Product Type, Nature, Region
Regions Covered	North America; Latin America; Europe; East Asia; South Asia; Oceania; Middle East & Africa
Key Countries Profiled	United States of America, Canada, Brazil, Mexico, Argentina, Germany, Italy, France, United Kingdom, Spain, Russia, India, Thailand, Malaysia, Indonesia, China, Japan, South Korea, Australia, New Zealand, GCC Countries, South Africa
Key Companies Profiled	Nikken Foods; Xi’an Sost Biological Science & Technology Co. Ltd.; Bob’s Red Mill Natural Food; Damin Foodstuff (Zhangzhou) Co. Ltd.; GreenMax S&F; Ottogi Co, Ltd.; Green Image Organic Sdn. Bhd.
Customization Scope	Available on Request

Key Segments Profiled In the Global Bean Flour Market Report

By Product Type:

• Black
• White

By Nature:

• Conventional
• Organic

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• Middle East & Africa

Frequently Asked Questions

How big is the Bean Flour market? 

The market is valued at USD 2.7 billion in 2023. 

Who are the key market players? 

Nikken Foods, GreenMax S&F, and Ottogi Co, Ltd. are key market players. 

Which is the key segment by nature? 

Organic segment dominates the bean flour market. 

What opportunities await the market players? 

The increasing need for delectable products for various occasions to boost the growth.

What is North America’s market share? 

North America will hold a 28.3% share in 2023.