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The packaged sprouts market size is forecast to increase by USD 2.65 billion at a CAGR of 10% between 2023 and 2028.
The packaged sprouts industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The market encompasses various types of sprouts, including bean sprouts, pea sprouts, lentil sprouts, adzuki, garbanzo, soybean, mung bean, black bean, kidney bean, green pea, and snow pea sprouts. Among these, mung bean sprouts are the most widely consumed, with significant consumption in Asia Pacific (APAC), particularly in China and India, which are also the leading producers. Soybean sprouts have gained popularity in South Korea and are increasingly being adopted In the global market. In 2023, APAC was the largest consumer of packaged mung bean sprouts, followed by Europe and North America. Soybean sprouts are another significant category, with increasing demand in various regions. The market is moderately fragmented due to the presence of numerous regional and local companies.
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The bean sprouts segment was valued at USD 2.25 billion in 2018 and showed a gradual increase during the forecast period.
Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The market in Asia Pacific (APAC) exhibits moderate fragmentation due to the presence of various regional and global companies. Key countries In the region, including Japan, China, India, South Korea, Australia, New Zealand, the Philippines, Thailand, Indonesia, Sri Lanka, and Singapore, present significant growth opportunities for packaged sprouts suppliers. Mung bean sprouts represent a prominent product segment in APAC, given the region's status as the world's largest producers of mung beans, primarily in India and China. Additionally, there is a growing demand for brussels sprouts in countries such as Australia, the Philippines, and New Zealand. Consumers In the region are increasingly seeking healthy food options, leading to a rise in demand for packaged sprouts, which are rich in nutrients and offer high nutrient levels. Packaged sprouts, including clover, cress, baby carrots, petite peas, tinier vegetables, and sprouted seeds, are gaining popularity as nutritious alternatives to processed and fast foods.
Our packaged sprouts market researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Growing prominence of organized retailing is the key driver of the market.
Rising popularity of vegan diet is the upcoming market trend.
Distribution challenges in global packaged sprouts market is a key challenge affecting the industry growth.
The packaged sprouts market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the packaged sprouts market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, packaged sprouts market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence In the industry.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Packaged sprouts have emerged as a popular choice for health-conscious consumers seeking nutrient-dense, easy-to-prepare, and eco-friendly food options. This article delves into the intricacies of packaged sprouts, focusing on their nutritional benefits and the science behind their production. Sprouts are tiny, edible seedlings that emerge when seeds are soaked in water and exposed to the right temperature and moisture conditions. The germination process triggers a cascade of biochemical reactions, leading to an increase in essential nutrients. These nutrients include proteins, carbohydrates, fiber, vitamins, and minerals.
In addition, the nutritional profile of sprouts is particularly noteworthy for individuals managing conditions like diabetes and heart disease. For instance, sprouts are rich in complex carbohydrates that provide a steady energy supply, helping to maintain stable blood sugar levels. Moreover, their high protein content makes them an excellent alternative to meat for vegetarians and vegans. Sprouts also contain an array of beneficial enzymes that aid digestion. These enzymes break down complex nutrients, making them easier for the body to absorb. Furthermore, they are rich in antioxidants, which help protect cells from damage caused by free radicals. The production of packaged sprouts involves careful control of temperature and moisture levels to ensure optimal germination.
Moreover, this process can be applied to a wide variety of seeds, including beans such as mung bean, adzuki, garbanzo, soybean, lentil, black bean, and kidney bean, as well as seeds of vegetables like green pea, snow pea, radish, broccoli, beet, mustard green, clover, cress, baby carrots, petite peas, and tinier vegetables. Sprouting also extends to grains like brown rice, buckwheat, amaranth, kamut, quinoa, and oats. These sprouted grains offer enhanced nutritional value, making them a popular choice for health-conscious consumers. Packaged sprouts are versatile and can be incorporated into various dishes, from Asian and vegetarian cuisines to microgreens and tender greens like arugula and basil.
In addition, their nutrient-dense nature makes them an excellent addition to salads, sandwiches, and smoothies. The health benefits of packaged sprouts are well-documented in scientific research. For instance, broccoli sprouts have been shown to contain significantly higher levels of glucosinolates, which are sulfur-containing compounds with potent anticancer properties. Similarly, mung bean sprouts and soybean sprouts are rich in isoflavones, which have been linked to reduced risk of heart disease. Therefore, packaged sprouts represent a fascinating intersection of nutrition, agriculture, and culinary art. Their nutrient-dense nature, ease of preparation, and versatility make them an excellent choice for individuals seeking to improve their overall health and well-being. By understanding the science behind their production and the myriad health benefits they offer, consumers can make informed decisions when incorporating packaged sprouts into their diet.
Packaged Sprouts Market Scope |
|
Report Coverage |
Details |
Page number |
140 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 10% |
Market growth 2024-2028 |
USD 2.65 billion |
Market structure |
Concentrated |
YoY growth 2023-2024(%) |
8.9 |
Key countries |
China, Japan, US, UK, and Germany |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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