PUBLISHER: 360iResearch | PRODUCT CODE: 1413881
PUBLISHER: 360iResearch | PRODUCT CODE: 1413881
[180 Pages Report] The Black Gram Market size was estimated at USD 5.00 billion in 2023 and expected to reach USD 5.21 billion in 2024, at a CAGR 4.22% to reach USD 6.69 billion by 2030.
Global Black Gram Market
KEY MARKET STATISTICS | |
---|---|
Base Year [2023] | USD 5.00 billion |
Estimated Year [2024] | USD 5.21 billion |
Forecast Year [2030] | USD 6.69 billion |
CAGR (%) | 4.22% |
Black Gram, also known as Vigna mungo, is a leguminous pulse crop widely cultivated in South Asian regions for centuries, prized for its nutritional value and culinary versatility. The beans are small, black-skinned, and have a creamy white interior. Black Gram is an essential ingredient in many traditional Indian dishes, including the celebrated dosa and idli, where its fermentation properties enhance flavor and texture. Nutritionally, Black Gram is rich in protein, dietary fiber, and various vitamins and minerals, making it an important food crop for addressing protein-energy malnutrition. Cultivation of Black Gram typically occurs in warm and humid climates, with India being the world's largest producer and consumer. With rising health consciousness among consumers, there has been an increasing demand for plant-based proteins, which boosts the black gram market. In addition, governmental support for sustainable and organic farming practices has encouraged the cultivation of black gram. However, fluctuations in production due to weather patterns, pest infestations, and inconsistent rainfall can lead to market volatility. Poor post-harvest technologies and storage facilities in producing countries can result in quality degradation. Nevertheless, developing value-added products such as ready-to-eat meals and snacks, enhanced seed varieties for better yield, and storage and preservation technology advancements present significant opportunities. Moreover, innovative uses of gluten-free products and the expansion of the vegan and vegetarian food industry have emerged as trends that are positively flourishing the market.
Regional Insights
In the Americas, the use of black gram is growing owing to the elevating popularity of ethnic cuisines and a rise in veganism. The demand for black gram in North America is primarily driven by the South Asian diaspora and those seeking gluten-free and high-protein vegetarian options. South America shows minimal engagement in the black gram market, with few countries exhibiting nominal production and consumer familiarity. However, the health food trend is impeding market growth, potentially creating new opportunities for importers and local growers interested in pulse crop diversification. In Europe, black gram remains an ethnic food primarily consumed by South Asian communities. The market relies on imports mainly from Asia, with distribution channels well-established in the United Kingdom, Germany, and the Netherlands. Middle Eastern countries have a modest consumption pattern for black gram. Moreover, culinary influences from South Asia and increased awareness of its health benefits may boost the demand. The Asia Pacific region depicts high growth for black gram, with countries such as India leading in production and consumption. In this region, the consumer need for black gram is primarily driven by its traditional use in the diet. Population growth and increasing awareness about plant-based proteins are expected to flourish the market further. Customers in Asian countries prefer organically grown black grams and are increasingly conscious of quality.
FPNV Positioning Matrix
The FPNV Positioning Matrix is pivotal in evaluating the Black Gram Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Black Gram Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Key Company Profiles
The report delves into recent significant developments in the Black Gram Market, highlighting leading vendors and their innovative profiles. These include Aries Agro Limited., Brightcrop Agro, Green Agrevolution PVT. LTD., Hemvini Organics, ITC Limited, Natureland Organics, Organic India Pvt. Ltd., Our Organik Tree, Tata Group, TBOF FOODS PRIVATE LIMITED, and Treta Agro Pvt. Ltd..
Market Segmentation & Coverage
1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
1. What is the market size and forecast of the Black Gram Market?
2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Black Gram Market?
3. What are the technology trends and regulatory frameworks in the Black Gram Market?
4. What is the market share of the leading vendors in the Black Gram Market?
5. Which modes and strategic moves are suitable for entering the Black Gram Market?