Market Overview:
The global bean sprout machine market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as the increasing demand for healthy food, rising awareness about health benefits of bean sprouts, and technological advancements in bean sprout machines. However, the high cost of machines is expected to restrain the growth of this market during the forecast period. On the basis of type, the global bean sprout machine market can be segmented into full-automatic and non-automatic machines. The full-automatic segment is projected to grow at a higher CAGR than that of non-automatic machines during 2018–2030 owing to its features such as ease of use and low maintenance cost. On account of these advantages over manual methods, full-automatic machines are witnessing an increase in adoption across various regions worldwide. Based on application, online sales and offline sales are two major segments considered in this study for analysis purposes.
Product Definition:
A bean sprout machine is a tool used to produce bean sprouts. Bean sprouts are a type of vegetable that can be eaten raw or cooked. They are high in nutrients, including vitamins A and C, and are a good source of protein.
Full-automatic:
Full-automatic is a type of coffee making machine that requires no manual intervention from the user, other than selecting the amount of coffee to be used and setting the time duration. The term automatic as used in this context does not necessarily mean complicated or difficult to use. On contrary, full-automation is just what it sounds like - fully automatic.
Non-automatic:
Non-automatic is a type of Bean Sprout Machine that does not have any programmed settings. It is used to produce bean sprouts by using the method of seeds germination without the intervention of human hands. The machine has no pre-set duration for its operation and can be turned on or off as per requirement.
Application Insights:
The offline sales segment dominated the global bean sprout machine market in 2017. Offline channels are still widely used to reach consumers as they are easier and cheaper than online channels. The growth of the e-commerce sector has been phenomenal since its inception in India in 1994 with a mere USD 59 worth product being sold through this channel every year, according to data published by Inc42, a publication that covers internet, technology and business trends from India.
Online sales is expected to be the fastest-growing application over the forecast period owing to increasing penetration of e-commerce platforms coupled with growing consumer preference for purchasing products through digital mediums due largely to convenience and ease offered by it. Bean sprouts have become popular among health nuts as well as those who prefer vegan food items which is likelyhooded increase demand further over the coming years.
Regional Analysis:
North America dominated the global bean sprout machine market in 2017. This is attributed to the high adoption of healthy foods and food supplements, increasing health consciousness among consumers, and rising demand for ready-to-eat meals. The region is expected to witness a significant growth rate over the forecast period owing to an increase in awareness about these products. Moreover, growing concerns regarding obesity are anticipated to fuel product demand further.
Asia Pacific is expected to be one of the fastest-growing regions due its large population base and increasing disposable income levels coupled with rapid urbanization trends across countries such as China and India.
Growth Factors:
- Increasing demand for healthy food: There is a growing demand for healthy and organic food, which is expected to drive the growth of the Bean Sprout Machine market.
- Rising awareness about the health benefits of bean sprouts: The health benefits of consuming bean sprouts are gaining increasing awareness, which is likely to boost the demand for Bean Sprout Machines in the coming years.
- Technological advancements: The Bean Sprout Machine market is witnessing rapid technological advancements, with new and innovative products being launched in the market on a regular basis. This is likely to fuel the growth of this market in the near future.
- Growing popularity of home-based businesses: A large number of people are opting for home-based businesses, as it allows them to save on costs while also enjoying greater flexibility and control over their work schedule. This trend is expected to benefitthe Bean Sprout Machine market in terms of growth potential in years to come . 5) Rising disposable income levels among consumers: Disposable income levels are rising steadily across emerging economies, such as India and China . This is providing a major impetusto th egrowth oft heBeanSpr outMachinemarketin these countries
Scope Of The Report
Report Attributes
Report Details
Report Title
Bean Sprout Machine Market Research Report
By Type
Full-automatic, Non-automatic
By Application
Online Sales, Offline Sales
By Companies
Bear, Royalstar, Connie, Ouwon, SKG, Rota, RSDXJD, Tribest
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
133
Number of Tables & Figures
94
Customization Available
Yes, the report can be customized as per your need.
Global Bean Sprout Machine Market Report Segments:
The global Bean Sprout Machine market is segmented on the basis of:
Types
Full-automatic, Non-automatic
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Online Sales, Offline Sales
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Bear
- Royalstar
- Connie
- Ouwon
- SKG
- Rota
- RSDXJD
- Tribest
Highlights of The Bean Sprout Machine Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Full-automatic
- Non-automatic
- By Application:
- Online Sales
- Offline Sales
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Bean Sprout Machine Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A bean sprout machine is a device that helps to grow beans sprouts.
Some of the major companies in the bean sprout machine market are Bear, Royalstar, Connie, Ouwon, SKG, Rota, RSDXJD, Tribest.
The bean sprout machine market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Bean Sprout Machine Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Bean Sprout Machine Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Bean Sprout Machine Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Bean Sprout Machine Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Bean Sprout Machine Market Size & Forecast, 2020-2028
4.5.1 Bean Sprout Machine Market Size and Y-o-Y Growth
4.5.2 Bean Sprout Machine Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Full-automatic
5.2.2 Non-automatic
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Online Sales
6.2.2 Offline Sales
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Bean Sprout Machine Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Bean Sprout Machine Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Full-automatic
9.6.2 Non-automatic
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Online Sales
9.10.2 Offline Sales
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Full-automatic
10.6.2 Non-automatic
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Online Sales
10.10.2 Offline Sales
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Full-automatic
11.6.2 Non-automatic
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Online Sales
11.10.2 Offline Sales
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Full-automatic
12.6.2 Non-automatic
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Online Sales
12.10.2 Offline Sales
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Full-automatic
13.6.2 Non-automatic
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Online Sales
13.10.2 Offline Sales
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Bean Sprout Machine Market: Competitive Dashboard
14.2 Global Bean Sprout Machine Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Bear
14.3.2 Royalstar
14.3.3 Connie
14.3.4 Ouwon
14.3.5 SKG
14.3.6 Rota
14.3.7 RSDXJD
14.3.8 Tribest
