Product Code: PM4108
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.
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)
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
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
3. Research Methodology
- 3.1. Overview
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Adzuki Beans Market Insights
- 4.1. Adzuki Beans Market - Industry Snapshot
- 4.2. Adzuki Beans Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. The growing trend of vegetarian and vegan diets and demand for functional food driving the market growth
- 4.2.1.2. Rising significant number of innovations in agricultural practices
- 4.2.2. Restraints and Challenges
- 4.2.2.1. Lack of awareness
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTLE Analysis
- 4.5. Adzuki Beans Industry trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Global Adzuki Beans Market, by Packaging Type
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Adzuki Beans, by Packaging Type, 2019-2032 (USD Million)
- 5.3. Canned
- 5.3.1. Global Adzuki Beans Market, by Canned, by Region, 2019-2032 (USD Million)
- 5.4. Plastic Bag
- 5.4.1. Global Adzuki Beans Market, by Plastic Bag, by Region, 2019-2032 (USD Million)
6. Global Adzuki Beans Market, by Application
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Adzuki Beans Market, by Application, 2019-2032 (USD Million)
- 6.3. Confectioneries
- 6.3.1. Global Adzuki Beans Market, by Confectioneries, by Region, 2019-2032 (USD Million)
- 6.4. Bakery
- 6.4.1. Global Adzuki Beans Market, by Bakery, by Region, 2019-2032 (USD Million)
- 6.5. Desserts
- 6.5.1. Global Adzuki Beans Market, by Desserts, by Region, 2019-2032 (USD Million)
- 6.6. Cosmetics
- 6.6.1. Global Adzuki Beans Market, by Cosmetics, by Region, 2019-2032 (USD Million)
7. Global Adzuki Beans Market, by Geography
- 7.1. Key findings
- 7.2. Introduction
- 7.2.1. Adzuki Beans Market Assessment, By Geography, 2019-2032 (USD Million)
- 7.3. Adzuki Beans Market - North America
- 7.3.1. North America: Adzuki Beans Market, by Application, 2019-2032 (USD Million)
- 7.3.2. North America: Adzuki Beans Market, by Packaging Type, 2019-2032 (USD Million)
- 7.3.3. Adzuki Beans Market - U.S.
- 7.3.3.1. U.S.: Adzuki Beans Market, by Application, 2019-2032 (USD Million)
- 7.3.3.2. U.S.: Adzuki Beans Market, by Packaging Type, 2019-2032 (USD Million)
- 7.3.4. Adzuki Beans Market - Canada
- 7.3.4.1. Canada: Adzuki Beans Market, by Application, 2019-2032 (USD Million)
- 7.3.4.2. Canada: Adzuki Beans Market, by Packaging Type, 2019-2032 (USD Million)
- 7.4. Adzuki Beans Market - Europe
- 7.4.1. Europe: Adzuki Beans Market, by Application, 2019-2032 (USD Million)
- 7.4.2. Europe: Adzuki Beans Market, by Packaging Type, 2019-2032 (USD Million)
- 7.4.3. Adzuki Beans Market - UK
- 7.4.3.1. UK: Adzuki Beans Market, by Application, 2019-2032 (USD Million)
- 7.4.3.2. UK: Adzuki Beans Market, by Packaging Type, 2019-2032 (USD Million)
- 7.4.4. Adzuki Beans Market - France
- 7.4.4.1. France: Adzuki Beans Market, by Application, 2019-2032 (USD Million)
- 7.4.4.2. France: Adzuki Beans Market, by Packaging Type, 2019-2032 (USD Million)
- 7.4.5. Adzuki Beans Market - Germany
- 7.4.5.1. Germany: Adzuki Beans Market, by Application, 2019-2032 (USD Million)
- 7.4.5.2. Germany: Adzuki Beans Market, by Packaging Type, 2019-2032 (USD Million)
- 7.4.6. Adzuki Beans Market - Italy
- 7.4.6.1. Italy: Adzuki Beans Market, by Application, 2019-2032 (USD Million)
- 7.4.6.2. Italy: Adzuki Beans Market, by Packaging Type, 2019-2032 (USD Million)
- 7.4.7. Adzuki Beans Market - Spain
- 7.4.7.1. Spain: Adzuki Beans Market, by Application, 2019-2032 (USD Million)
- 7.4.7.2. Spain: Adzuki Beans Market, by Packaging Type, 2019-2032 (USD Million)
- 7.4.8. Adzuki Beans Market - Netherlands
- 7.4.8.1. Netherlands: Adzuki Beans Market, by Application, 2019-2032 (USD Million)
- 7.4.8.2. Netherlands: Adzuki Beans Market, by Packaging Type, 2019-2032 (USD Million)
- 7.4.9. Adzuki Beans Market - Russia
- 7.4.9.1. Russia: Adzuki Beans Market, by Application, 2019-2032 (USD Million)
- 7.4.9.2. Russia: Adzuki Beans Market, by Packaging Type, 2019-2032 (USD Million)
- 7.5. Adzuki Beans Market - Asia Pacific
- 7.5.1. Asia Pacific: Adzuki Beans Market, by Application, 2019-2032 (USD Million)
- 7.5.2. Asia Pacific: Adzuki Beans Market, by Packaging Type, 2019-2032 (USD Million)
- 7.5.3. Adzuki Beans Market - China
- 7.5.3.1. China: Adzuki Beans Market, by Application, 2019-2032 (USD Million)
- 7.5.3.2. China: Adzuki Beans Market, by Packaging Type, 2019-2032 (USD Million)
- 7.5.4. Adzuki Beans Market - India
- 7.5.4.1. India: Adzuki Beans Market, by Application, 2019-2032 (USD Million)
- 7.5.4.2. India: Adzuki Beans Market, by Packaging Type, 2019-2032 (USD Million)
- 7.5.5. Adzuki Beans Market - Malaysia
- 7.5.5.1. Malaysia: Adzuki Beans Market, by Application, 2019-2032 (USD Million)
- 7.5.5.2. Malaysia: Adzuki Beans Market, by Packaging Type, 2019-2032 (USD Million)
- 7.5.6. Adzuki Beans Market - Japan
- 7.5.6.1. Japan: Adzuki Beans Market, by Application, 2019-2032 (USD Million)
- 7.5.6.2. Japan: Adzuki Beans Market, by Packaging Type, 2019-2032 (USD Million)
- 7.5.7. Adzuki Beans Market - Indonesia
- 7.5.7.1. Indonesia: Adzuki Beans Market, by Application, 2019-2032 (USD Million)
- 7.5.7.2. Indonesia: Adzuki Beans Market, by Packaging Type, 2019-2032 (USD Million)
- 7.5.8. Adzuki Beans Market - South Korea
- 7.5.8.1. South Korea: Adzuki Beans Market, by Application, 2019-2032 (USD Million)
- 7.5.8.2. South Korea: Adzuki Beans Market, by Packaging Type, 2019-2032 (USD Million)
- 7.6. Adzuki Beans Market - Middle East & Africa
- 7.6.1. Middle East & Africa: Adzuki Beans Market, by Application, 2019-2032 (USD Million)
- 7.6.2. Middle East & Africa: Adzuki Beans Market, by Packaging Type, 2019-2032 (USD Million)
- 7.6.3. Adzuki Beans Market - Saudi Arabia
- 7.6.3.1. Saudi Arabia: Adzuki Beans Market, by Application, 2019-2032 (USD Million)
- 7.6.3.2. Saudi Arabia: Adzuki Beans Market, by Packaging Type, 2019-2032 (USD Million)
- 7.6.4. Adzuki Beans Market - UAE
- 7.6.4.1. UAE: Adzuki Beans Market, by Application, 2019-2032 (USD Million)
- 7.6.4.2. UAE: Adzuki Beans Market, by Packaging Type, 2019-2032 (USD Million)
- 7.6.5. Adzuki Beans Market - Israel
- 7.6.5.1. Israel: Adzuki Beans Market, by Application, 2019-2032 (USD Million)
- 7.6.5.2. Israel: Adzuki Beans Market, by Packaging Type, 2019-2032 (USD Million)
- 7.6.6. Adzuki Beans Market - South Africa
- 7.6.6.1. South Africa: Adzuki Beans Market, by Application, 2019-2032 (USD Million)
- 7.6.6.2. South Africa: Adzuki Beans Market, by Packaging Type, 2019-2032 (USD Million)
- 7.7. Adzuki Beans Market - Latin America
- 7.7.1. Latin America: Adzuki Beans Market, by Application, 2019-2032 (USD Million)
- 7.7.2. Latin America: Adzuki Beans Market, by Packaging Type, 2019-2032 (USD Million)
- 7.7.3. Adzuki Beans Market - Mexico
- 7.7.3.1. Mexico: Adzuki Beans Market, by Application, 2019-2032 (USD Million)
- 7.7.3.2. Mexico: Adzuki Beans Market, by Packaging Type, 2019-2032 (USD Million)
- 7.7.4. Adzuki Beans Market - Brazil
- 7.7.4.1. Brazil: Adzuki Beans Market, by Application, 2019-2032 (USD Million)
- 7.7.4.2. Brazil: Adzuki Beans Market, by Packaging Type, 2019-2032 (USD Million)
- 7.7.5. Adzuki Beans Market - Argentina
- 7.7.5.1. Argentina: Adzuki Beans Market, by Application, 2019-2032 (USD Million)
- 7.7.5.2. Argentina: Adzuki Beans Market, by Packaging Type, 2019-2032 (USD Million)
8. Competitive Landscape
- 8.1. Expansion and Acquisition Analysis
- 8.1.1. Expansion
- 8.1.2. Acquisitions
- 8.2. Partnerships/Collaborations/Agreements/Exhibitions
9. Company Profiles
- 9.1. ADM
- 9.1.1. Company Overview
- 9.1.2. Financial Performance
- 9.1.3. Product Benchmarking
- 9.1.4. Recent Development
- 9.2. Bushbeans
- 9.2.1. Company Overview
- 9.2.2. Financial Performance
- 9.2.3. Product Benchmarking
- 9.2.4. Recent Development
- 9.3. D'Allesandro Gourmet Ingredients
- 9.3.1. Company Overview
- 9.3.2. Financial Performance
- 9.3.3. Product Benchmarking
- 9.3.4. Recent Development
- 9.4. Eden Foods
- 9.4.1. Company Overview
- 9.4.2. Financial Performance
- 9.4.3. Product Benchmarking
- 9.4.4. Recent Development
- 9.5. Fujicco Co. Ltd.
- 9.5.1. Company Overview
- 9.5.2. Financial Performance
- 9.5.3. Product Benchmarking
- 9.5.4. Recent Development
- 9.6. Global Nature Crafts Inc.
- 9.6.1. Company Overview
- 9.6.2. Financial Performance
- 9.6.3. Product Benchmarking
- 9.6.4. Recent Development
- 9.7. Goya Foods
- 9.7.1. Company Overview
- 9.7.2. Financial Performance
- 9.7.3. Product Benchmarking
- 9.7.4. Recent Development
- 9.8. La Preferida
- 9.8.1. Company Overview
- 9.8.2. Financial Performance
- 9.8.3. Product Benchmarking
- 9.8.4. Recent Development
- 9.9. LaFe
- 9.9.1. Company Overview
- 9.9.2. Financial Performance
- 9.9.3. Product Benchmarking
- 9.9.4. Recent Development
- 9.10. Napoleon Co.
- 9.10.1. Company Overview
- 9.10.2. Financial Performance
- 9.10.3. Product Benchmarking
- 9.10.4. Recent Development
- 9.11. Natural Import Company
- 9.11.1. Company Overview
- 9.11.2. Financial Performance
- 9.11.3. Product Benchmarking
- 9.11.4. Recent Development
- 9.12. NK Hurst Company
- 9.12.1. Company Overview
- 9.12.2. Financial Performance
- 9.12.3. Product Benchmarking
- 9.12.4. Recent Development
- 9.13. The Green Labs LLC
- 9.13.1. Company Overview
- 9.13.2. Financial Performance
- 9.13.3. Product Benchmarking
- 9.13.4. Recent Development
- 9.14. The Kroger Co.
- 9.14.1. Company Overview
- 9.14.2. Financial Performance
- 9.14.3. Product Benchmarking
- 9.14.4. Recent Development
- 9.15. Tradin Organic
- 9.15.1. Company Overview
- 9.15.2. Financial Performance
- 9.15.3. Product Benchmarking
- 9.15.4. Recent Development
- 9.16. Urban Herbs
- 9.16.1. Company Overview
- 9.16.2. Financial Performance
- 9.16.3. Product Benchmarking
- 9.16.4. Recent Development