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The global market for mayocoba beans is primarily being driven by the rising awareness about its health benefits among consumers. With the hectic lifestyles, consumers are shifting towards healthier food options such as mayocoba beans. The rapid growth in the population shifting to vegan diets is also propelling the development of the industry. The growth is supported by the growing shelf space for vegan food in major supermarkets. In 2018, the UK supermarket, Waitrose, included a dedicated vegan section in over 130 of its outlets. The rising popularity of Latin American cuisine and the growth of companies and brands like Goya, El Mexicano, and Verde Valle are further propelling the market growth.
In October 2021, Archer Daniels Midland Company (NYSE: ADM), one of the global leaders in nutrition and supporters of the world's leading consumer brands, published its opinion on the five trends in food and beverage that will help in changing the way customers eat and drink in the coming year. These trends forecast the growing demand for healthier food products, including mayocoba beans. Such growing trends are expected to propel the industry growth further in the forecast period of 2021-2026.
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The major players in the global mayocoba beans market are Archer Daniels Midland Company and Woodland Foods, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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