Dehydrated Sprouts Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Type (Mung Bean, Alfalfa, Radish Sprouts, Mustard, Broccoli, Others), By Method (Electric Dehydrator, Air Dry, Oven), And By Distribution Channel (Online, Offline), And By Geography - Forecasts From 2023 To 2028
- Published : Dec 2023
- Report Code : KSI061614208
- Pages : 128
The dehydrated sprouts market is expected to grow at a CAGR of 9.30% from US$ 459.115 million in 2021 to US$ 855.707 million by 2028.
The dehydrated sprouts market is currently experiencing a robust growth trajectory, propelled by several key factors that are reshaping consumer preferences and market dynamics. One of the primary drivers of this flourishing market is the widespread proliferation of retail channels, with a notable emphasis on the rapidly expanding e-commerce realm. The convenience and accessibility offered by online platforms have significantly contributed to the increased availability and visibility of dehydrated sprouts, making them more accessible to a diverse consumer base.
Furthermore, heightened awareness of the health benefits associated with plant-based diets has played a pivotal role in propelling the dehydrated sprouts market forward. Consumers are increasingly recognizing the nutritional value and wellness advantages offered by sprouts, further fueling their inclusion in daily diets. This awareness extends to the methods employed in the dehydration process, with a focus on retaining maximum nutritional value during the transformation from fresh to dehydrated form. The market analysis takes into account these diverse dehydration methods, ensuring a holistic understanding of the industry landscape.
Growing adoption of a vegan lifestyle
The dehydrated sprouts market is experiencing robust growth, propelled by the widespread adoption of vegan lifestyles. The surge in individuals embracing a vegan diet and the heightened consciousness regarding plant-based alternatives are key factors driving the market's expansion. This trend is further substantiated by a revealing survey conducted by Sprouts Farmers Market, indicating that almost half of Americans are now consuming more plant-based meals than meat. Notably, individuals aged 24 to 39 are prominently identifying as flexitarians, demonstrating a substantial shift towards plant-centric diets.
India's cultural and religious landscape, dominated by Hinduism, significantly influences the nation's dietary patterns, positioning it as the global leader with the lowest meat consumption rate, as reported by the United Nations Food and Agriculture Organization (UNFAO). The rich tapestry of Hindu traditions places a strong emphasis on vegetarianism, considering it a virtuous and spiritually mindful lifestyle choice. As a result, a substantial portion of the Indian population adheres to a plant-based diet, encompassing not only lacto-vegetarianism but also an increasing number of strict vegans. Projections indicate that the country is poised to boast an impressive figure of around 500 million individuals practicing vegetarianism, and an additional approximately five million adopting a more stringent vegan lifestyle.
According to Gallup's most recent Consumption Habits poll, a mere 4% of Americans have identified themselves as adhering to a vegetarian diet, while an even smaller 1% proudly embrace a vegan lifestyle based on their dietary choices.
The USA’s dehydrated sprouts market is anticipated to grow steadily.
The increasing shift of people in the States towards plant-based diets and increasing inclination towards consumption of protein-rich products are the main reasons facilitating the market growth for dehydrated sprouts in the projected period. Lentil sprouts are rich in protein, carbohydrates, omega-3, and fatty acids. Additionally, the rising vegan and vegetarian population in the country is further aiding the market growth. For instance, in an article by Viva! The Vegan Charity states that in the USA only two percent of people identify themselves are vegan but many more people are reducing meat intake. Moreover, the Alliance of Science estimated that one in 10 Americans don’t eat meat. As sprouts are rich in protein many people consider them, a meat substitute. Hence, in the projected period with increasing consumption of dehydrated sprouts for a healthier lifestyle, the market is expected to grow.
According to the U.S. Department of Health & Human Services, the mean protein intake for men and women in the United States was 16.0%, and 15.7% in 2020-21. Whereas the ideal intake for protein for men and women should range between 10-35%. The more the better, as these days people have a hectic work schedule and a protein-rich diet is very important for a healthy body. Therefore, as the people in the United States are recognizing the benefit of dehydrated sprouts the market is expected to grow in the coming years.
Market Key Developments
- In May 2022, Broc Shot, which is one of the first broccoli sprout powder shots was launched in the States. The powder is rich in sulforaphane, a super antioxidant, for real beauty and wellness benefits. The main ingredient in this short is sulforaphane which is deduced from broccoli sprout which is a highly effective, efficient, and convenient solution for beauty, body, and brain. Hence, such products based on sprouts indicate the benefits of sprouts and increase people's interest in consumption as they have manifold benefits.
Segmentation:
- By Type
- Mung bean
- Alfalfa
- Radish Sprouts
- Mustard
- Broccoli
- Others
- By Method
- Electric Dehydrator
- Air Dry
- Oven
- By Distribution Channel
- Online
- Offline
- By Geography
- North America
- South America
- By Type
- By Method
- By Distribution Channel
- By Country
- Brazil
- Argentina
- Others
- Europe
- By Type
- By Method
- By Distribution Channel
- By Country
- UK
- Germany
- France
- Italy
- Others
- Middle East and Africa
- By Type
- By Method
- By Distribution Channel
- By Country
- Saudi Arabia
- Israel
- Others
- Asia Pacific
- By Type
- By Method
- By Distribution Channel
- By Country
- China
- Japan
- India
- South Korea
- Indonesia
- Thailand
- Taiwan
- Others
Frequently Asked Questions (FAQs)
The global dehydrated sprouts market is expected to grow at a CAGR of 9.30% over the forecast period.
The dehydrated sprouts market is expected to reach a market size of US$855.707 million by 2028.
Dehydrated Sprouts Market was valued at US$459.115 million in 2021.
North America holds a significant share of the dehydrated sprouts market.
The dehydrated sprouts market is experiencing robust growth, propelled by the widespread adoption of vegan lifestyles.
1. INTRODUCTION
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Market Segmentation
1.5. Currency
1.6. Assumptions
1.7. Base, and Forecast Years Timeline
2. RESEARCH METHODOLOGY
2.1. Research Data
2.2. Assumptions
3. EXECUTIVE SUMMARY
3.1. Research Highlights
4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porter’s Five Force Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
5. DEHYDRATED SPROUTS MARKET ANALYSIS BY TYPE
5.1. Introduction
5.2. Mung bean
5.3. Alfalfa
5.4. Radish Sprouts
5.5. Mustard
5.6. Broccoli
5.7. Others
6. DEHYDRATED SPROUTS MARKET ANALYSIS BY METHOD
6.1. Introduction
6.2. Electric Dehydrator
6.3. Air Dry
6.4. Oven
7. DEHYDRATED SPROUTS MARKET ANALYSIS BY DISTRIBUTION CHANNEL
7.1. Introduction
7.2. Online
7.3. Offline
8. DEHYDRATED SPROUTS MARKET ANALYSIS, BY GEOGRAPHY
8.1. Introduction
8.2. North America
8.2.1. By Type
8.2.2. By Method
8.2.3. By Distribution Channel
8.2.4. By Country
8.2.4.1. United States
8.2.4.2. Canada
8.2.4.3. Mexico
8.3. South America
8.3.1. By Type
8.3.2. By Method
8.3.3. By Distribution Channel
8.3.4. By Country
8.3.4.1. Brazil
8.3.4.2. Argentina
8.3.4.3. Others
8.4. Europe
8.4.1. By Type
8.4.2. By Method
8.4.3. By Distribution Channel
8.4.4. By Country
8.4.4.1. UK
8.4.4.2. Germany
8.4.4.3. France
8.4.4.4. Italy
8.4.4.5. Others
8.5. The Middle East and Africa
8.5.1. By Type
8.5.2. By Method
8.5.3. By Distribution Channel
8.5.4. By Country
8.5.4.1. Saudi Arabia
8.5.4.2. Israel
8.5.4.3. Others
8.6. Asia Pacific
8.6.1. By Type
8.6.2. By Method
8.6.3. By Distribution Channel
8.6.4. By Country
8.6.4.1. China
8.6.4.2. Japan
8.6.4.3. India
8.6.4.4. South Korea
8.6.4.5. Indonesia
8.6.4.6. Thailand
8.6.4.7. Taiwan
8.6.4.8. Others
9. COMPETITIVE ENVIRONMENT AND ANALYSIS
9.1. Major Players and Strategy Analysis
9.2. Market Share Analysis
9.3. Mergers, Acquisitions, Agreements, and Collaborations
10. COMPANY PROFILES
10.1. Brotos
10.2. Nihkan
10.3. Phyto Active Foods
10.4. Vvegano
10.5. Swaduniya
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