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Black beans are also known as turtle beans mostly popular in Latin America. Black beans are named under their shiny dark black color. Black beans powders are source of oxalate, flavonoids such as delphinidin, petunidin, malvidin, Kaempferol and quercetin, hydroxycinnamic acids including ferulic, sinapic, and chlorogenic acid, triterpenoid phytonutrients and fatty acids.

Black bean powder is a good source of molybdenum, folate and dietary fiber coupled with other sources such as copper, manganese, phosphorus, vitamins, proteins, magnesium etc. Black beans have health benefits and considered as one of the world’s healthiest food. Black bean powder have health benefits such as prevention of cardiovascular disease, reducing risk of certain types of cancer, improves digestive health, regulates body’s blood sugar and others, which makes it a popular legume in health conscious consumers. Black beans are available throughout the year which in turn helps in continuous availability of black bean powder, sufficing the consumers demand in global market.

Market Segmentation: Black Bean

The black bean market is segmented on the basis of its end-use as an ingredient and packed foods. Black bean powder has its application in food industry as in soups, sauces or marinades, dressings, dips, seasonings, snacks, appetizers, entrees etc. Industries manufacturing sausages and other condiments use black bean powder as one of the ingredient to enhance the taste of the product and make the product healthy for consumers. Use of black bean powder in preparing deserts such as brownies and smoothie is increasing. Black bean powder is also available in packed products which is distributed through retail chain for household consumption.

The black bean powder is segmented on the basis of nature as organic and conventional. Consumption of organic black bean powder is increasing as a result of increasing awareness of health benefit of organic products. Global demand for the organic black bean powder is increasing in bodybuilders and gym instructors as it is an excellent source of proteins.

The black bean market is segmented on the basis of regions as North America, Latin America, Europe, APAC and ME. 

Global Black Bean Market: Regional Outlook

Depending on geographic regions global Black Bean Powder market is segmented into five key regions: North America, Latin America, Europe, APAC and ME. India and Brazil are the largest producers of black beans commercially in global market, which acquires maximum market of total black bean powder market globally. China produces largest volume of green, non-dried form of black beans. Central America, Latin America, Mexico, Indonesia, and the U.S. are emerging markets in black bean production. Black beans consumed on daily basis in Mexico, Brazil, Cuba, Guatemala and the Dominican Republic in their cuisines.

Global Black Bean Market: Drivers and Trends

The black bean market is primarily driven by health conscious consumer as black bean powder have different health benefits such as prevention of cardiovascular disease, reducing risk of certain types of cancer, improves digestive health, regulates body’s blood sugar and others. Increasing awareness of healthy diet in consumers. Trend of increasing demand of sweet products for different occasion is increasing which is increasing demand for organic black bean powder as it is one of the ingredient used in the production of deserts. Increasing consumption of health drinks or protein shakes is trending in youths which is one of the key driver for increasing black bean powder demand.

Global Black Bean Powder: Key Players

Some of the key players identified across the value chain of the global Black Bean Powder market include Nikken Foods, Xi’an Sost Biological Science & Technology Co. Ltd.,  Bob’s Red Mill Natural Foods, Damin Foodstuff (Zhangzhou) Co. Ltd., GreenMax S&F, Ottogi Co, Ltd., Green Image Organic Sdn. Bhd. are amongst.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Black Bean Powder Market

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