According to the latest report by IMARC Group titled, "Dry Beans Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027 ", the global dry beans market size reached US$ 6.4 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 8.3 Billion by 2027, exhibiting a growth rate (CAGR) of 4.52% during 2022-2027.
Industry Definition and Application:
Dry beans are legumes produced from the seeds of a plant pod, belonging to the diverse Fabaceae family, also known as Leguminosae. They are a rich source of carbohydrates, proteins, fibers, minerals, and vitamins with low-fat content. They are consumed as a staple food across the globe as they are known to promote gut health, weight maintenance and reduce the risk of cardiovascular diseases, cancer, and chronic lifestyle diseases.
Dry beans also control sodium levels and are BPA-free, which prevents high blood pressure levels. In addition to this, they are also associated with environmental benefits, like improving soil fertility. As a result, dry beans are used across households, restaurants, flour mills, and snack manufacturing industries.
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Market Trends
The market is driven by the rapidly changing food consumption patterns across the globe. The growing awareness regarding the associated health benefits of a high-protein diet and the rising veganism trend have resulted in the shift toward gluten-free and plant-based products such as legumes. They are also ideal for reducing meat consumption as dry beans are high in fiber and proteins. Besides this, as they are easily accessible and affordable, they are increasingly utilized in various cuisines. Moreover, several leading market players are introducing organic beans, which do not contain preservatives, additives or chemicals. They are also introducing semi-cooked, frozen and ready-to-eat dry bean cans and packets due to the hectic lifestyles and inflating disposable income levels of individuals, which is positively influencing the market growth.
Covid-19 Scenario:
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Competitive Scenario with Key Players:
The competitive landscape of the market has also been analyzed, with some of the key players being
Some of the key players being 21st Century Bean, Kelley Bean Co., Hayes Food Products Inc., Goya Food Inc., Colin Ingredients, Harmony House Foods, Inc., Eden Foods, Ruchi Foods, Garlico Industries Ltd, etc.
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The report has segmented the market on the basis of Bean Type, Packaging Type, Distribution Channel, End-Use, and Region.
Breakup by Bean Type:
***** Beans
Black Beans
Navy Beans
Red Kidney Beans
Great Northern Beans
Others
Breakup by Packaging Type:
Plastic Bags
Cans
Jars
Others
Breakup by Distribution Channel:
Supermarkets and Hypermarkets
Specialty Stores
Departmental Stores
Convenience Stores
Others
Breakup by End-Use:
Households
Restaurants and Hotels
Flour Industry
Others
Breakup by Region:
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
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