South Korea White Beans Market was valued at USD 0.2 Billion in 2022 and is projected to reach USD 0.4 Billion by 2030, growing at a CAGR of 7.5% from 2024 to 2030.
The South Korea white beans market is witnessing significant growth, driven by a variety of factors that span consumer preferences, industrial demand, and the versatility of white beans themselves. As a staple in Korean cuisine, white beans play an essential role in various traditional dishes and offer numerous health benefits, which have resulted in increasing demand across multiple sectors.
White beans are particularly popular in the food industry, where they are used in a variety of processed food products. Their use extends from traditional Korean dishes such as soups and stews to more modern applications like ready-to-eat meals, snacks, and even plant-based protein sources. This broad spectrum of applications is one of the main drivers of the growing white beans market in South Korea.
Industries such as the cosmetics sector also show a rising demand for white beans due to their high nutrient content, especially antioxidants, which make them a valuable ingredient in skincare formulations. Their ability to rejuvenate and brighten skin has led to their incorporation into beauty products ranging from moisturizers to serums.
In addition, the agricultural demand for white beans is on the rise as local farmers shift to growing more of these versatile legumes to meet the increasing need from the food and health industries. The increased awareness around plant-based diets, combined with a growing preference for locally sourced and sustainable food products, also contributes to this trend.
One of the critical factors in the growth of the white beans market is the increasing demand for healthy, plant-based food options. With consumers becoming more health-conscious, white beans are increasingly seen as a source of protein, fiber, and essential vitamins, leading to their use in products like plant-based protein powders and vegan meal options. This trend is not just limited to South Korea, but also gaining momentum in other parts of Asia, further expanding market potential.
The white beans market continues to evolve with consumer preferences and industrial requirements. As more industries discover the benefits of incorporating white beans into their products, the market will likely continue to expand in the coming years.
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Bush Brothers & Company
Faribault Foods
C&F Foods Inc.
Progresso Ltd
Hanover Foods Corp.
Molinera Pvt. Ltd
Epicure
Shah Trading Company
Carmelina Brands
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea White Beans Market
Canned White Beans
Frozen White Beans
Dry White Beans
Food Industry
Cosmetic Industry
Animal Feed
Whole White Beans
Processed White Beans
Household
Commercial
Bags
Cans
Vacuum Sealed Packs
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea White Beans Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea White Beans Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea White Beans Market, By Type
6. South Korea White Beans Market, By Application
7. South Korea White Beans Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea White Beans Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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