Packaged Sprouts Market Research Report, Size , Growth, Trends, Opportunity Analysis, Industry Forecast - 2022-2026

The packaged sprouts market share is expected to increase by USD 2.54 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 9.69%.

This packaged sprouts market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers packaged sprouts market segmentations by product (beans sprouts, brussels sprouts, and alfalfa sprouts) and geography (APAC, Europe, North America, Middle East and Africa, and South America). The packaged sprouts market report also offers information on several market vendors, including Fuji Natural Foods, Jonathan Sprouts, Narita foods Co. Ltd., Ocean Mist Farms, Pulmuone Foods USA, Sprouts Farmers Market Inc., and T.van der Plas B.V. among others.

What will the Packaged Sprouts Market Size be During the Forecast Period?

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Packaged Sprouts Market: Key Drivers, Trends, and Challenges

The growing prominence of organized retailing is notably driving the packaged sprouts market growth, although factors such as distribution challenges in packaged sprouts market may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the packaged sprouts industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Packaged Sprouts Market Driver

The growing prominence of organized retailing is a major factor driving the global packaged sprouts market share growth. Organized retailers have established their presence worldwide, as evidenced by the proliferation of organized retail establishments such as supermarkets, hypermarkets, and specialty stores across different geographical regions. Packaged sprout products related to food and beverages are primarily sold by large organized retailers, as vendors in the market are highly dependent on large organized retailers. The supermarkets are a major distribution channel that makes packaged sprouts products like mung bean sprouts, alfalfa sprouts, adzuki bean sprouts, and lentil sprouts easily available to the consumers. The growing demand for supermarkets around the world corresponds to the increase in the global population. In a developing country like India, the growth rate of supermarkets has significantly increased in recent years, which is attributable to the growing urbanization and rising disposable income. It is estimated that by 2025, India will constitute around 6.9% of the world's urban population, which in itself will be a major opportunity for packaged sprout vendors to tap into the country's huge market potential for packaged sprout products sprouts market during the forecast period.

Key Packaged Sprouts Market Trend

The rising popularity of vegan diet is another factor supporting the global packaged sprouts market share growth. The expanding vegan population base across the world has led to an increase in the consumption of dried fruits, superfoods, and other protein-rich products. In the US, there has been significant growth in the vegan population. For instance, as of January 2021, the total number of vegans globally was nearly 79 million, which was 3% higher than the total vegan population across the world in 2020. People in the US are now inclining more toward healthy diets that are rich in fiber and proteins. Such factors will drive the growth of the global packaged sprouts market during the forecast period. Owing to the increase in the vegan population segment in the US and other parts of the world, the working population that opts for a vegetarian diet has also increased. Due to their busy lifestyles, working people often look for convenience foods and ready-to-eat (RTE) light snack foods containing high nutrition content, which in turn, has increased the demand for products like sprouts market during the forecast period.

Key Packaged Sprouts Market Challenge

The distribution challenges in packaged sprouts market will be a major challenge for the global packaged sprouts market share growth during the forecast period. Retail stores like supermarkets and large chains of discount or convenience stores have become important distribution modes for packaged sprouts manufacturers and vendors. However, this growth in the number of distribution channels poses pressure on the manufacturers regarding the prices and margins of the product as retail stores operate at a lower profit margin. Channel shifts by consumers have also forced manufacturers to develop new skills in category management. Shoppers have shown an increased inclination toward convenience stores, which has forced manufacturers to find a suitable balance between prices and volume

This packaged sprouts market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global packaged sprouts as part of the global packaged foods and meats market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the packaged sprouts market during the forecast period.

Who are the Major Packaged Sprouts Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

• Fuji Natural Foods
• Jonathan Sprouts
• Narita foods Co. Ltd.
• Ocean Mist Farms
• Pulmuone Foods USA
• Sprouts Farmers Market Inc.
• T.van der Plas B.V.

This statistical study of the packaged sprouts market encompasses successful business strategies deployed by the key vendors. The packaged sprouts market is concentrated and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

• fujifoods.co.jp- The company offers packaged sprouts of various kinds such as mung bean sprouts, radish sprouts, pea sprouts, and soybean sprouts.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The packaged sprouts market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Packaged Sprouts Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the packaged sprouts market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Packaged Sprouts Market?

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67% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for packaged sprouts market in APAC. Market growth in this region will be faster than the growth of the market in other regions.

A growing number of organized retailing outlets, rising disposable income, and increasing influence of online retailing will facilitate the packaged sprouts market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak of the COVID-19 pandemic in 2020 posed many challenges for the global food packaging industry, majorly due to freight cost issues and marketing barriers. APAC is the largest exporter of food products worldwide. This is because of the growing volume of container shipments from the region to meet the increased demand for fruits, vegetables, and agricultural products from other parts of the world. The increasing adoption of sustainable packaged food products to mitigate the risks of the spread of COVID-19 boosted the demand for packaged sprouts to ensure safer deliveries.

What are the Revenue-generating Product Segments in the Packaged Sprouts Market?

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The packaged sprouts market share growth by the beans sprouts segment will be significant during the forecast period. The increasing frequency of mung bean exports from Asian countries to the rest of the world and the rising number of new vendors offering mung bean sprouts in regions like North America and Europe are estimated to be the growth drivers for the global packaged bean sprouts market during the forecast period. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the packaged sprouts market size and actionable market insights on post COVID-19 impact on each segment.

 

Packaged Sprouts Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 9.69%
Market growth 2022-2026	$ 2.54 billion
Market structure	Concentrated
YoY growth (%)	9.07
Regional analysis	APAC, Europe, North America, Middle East and Africa, and South America
Performing market contribution	APAC at 67%
Key consumer countries	US, China, Japan, UK, and Germany
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	Fuji Natural Foods, Jonathan Sprouts, Narita foods Co. Ltd., Ocean Mist Farms, Pulmuone Foods USA, Sprouts Farmers Market Inc., and T.van der Plas B.V.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics and Market condition analysis for forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Packaged Sprouts Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive packaged sprouts market growth during the next five years
• Precise estimation of the packaged sprouts market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the packaged sprouts industry across APAC, Europe, North America, Middle East and Africa, and South America
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of packaged sprouts market vendors

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