Dry Beans Market to Grow with a CAGR of 4.78% through 2029
The global dry beans market is growing rapidly, driven
by increasing demand for plant-based foods and the growing awareness of the
health benefits of dry beans are key market trends.
According to
TechSci Research report, “Dry Beans Market - Global Industry Size, Share,
Trends, Competition Forecast & Opportunities, 2029F”, the Global Dry
Beans Market stood at USD 7.25 billion in 2023 and is anticipated to grow with
a CAGR of 4.78% through 2029. The global dry beans market
is a vital component of the global agricultural and food industry, encompassing
the production, trade, and consumption of various dried bean varieties such as
kidney beans, black beans, and pinto beans. Dry beans are celebrated for their
rich protein content, versatility, and extended shelf life, making them a
staple in many diets. Major drivers include the rising demand for plant-based
proteins and sustainable agriculture practices, while the challenges comprise
climate change impacts and trade barriers. Additionally, diverse culinary
applications and an increasing emphasis on health and wellness trends are
reshaping the market, contributing to its steady growth.
Key drivers are propelling the growth of the global dry beans market. One significant driver is the increasing demand for plant-based proteins. As health-conscious consumers seek alternatives to meat-based proteins, dry beans have emerged as a favored choice. They offer a nutritious and natural source of protein, making them an ideal dietary option for vegetarians, vegans, and individuals looking to reduce meat consumption. This trend is not limited to specific regions but has gained global traction, driven by the acknowledgment of the environmental impact of meat production and the health benefits of plant-based diets.
The growing population of vegans and vegetarians is another driver boosting the dry beans market. As individuals adopt plant-based dietary choices for various reasons, dry beans have become a crucial element in meeting their protein and nutritional requirements. In regions with a high prevalence of vegan and vegetarian populations, such as North America and Europe, the demand for dry beans has surged. This dietary shift aligns with the global trend of consumers seeking healthier and more sustainable food options.
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Key drivers are propelling the growth of the global
dry beans market. One significant driver is the increasing demand for
plant-based proteins. As health-conscious consumers seek alternatives to
meat-based proteins, dry beans have emerged as a favored choice. They offer a
nutritious and natural source of protein, making them an ideal dietary option
for vegetarians, vegans, and individuals looking to reduce meat consumption.
This trend is not limited to specific regions but has gained global traction,
driven by the acknowledgment of the environmental impact of meat production and
the health benefits of plant-based diets.
The growing population of vegans and vegetarians is
another driver boosting the dry beans market. As individuals adopt plant-based
dietary choices for various reasons, dry beans have become a crucial element in
meeting their protein and nutritional requirements. In regions with a high
prevalence of vegan and vegetarian populations, such as North America and
Europe, the demand for dry beans has surged. This dietary shift aligns with the
global trend of consumers seeking healthier and more sustainable food options.
Sustainability is a key driver in the global dry beans
market. Dry beans are recognized for their sustainability in agriculture, as
they have the unique ability to fix nitrogen in the soil, reducing the need for
synthetic fertilizers. They also require less water compared to several other
protein sources, which contributes to their eco-friendly profile. Farmers are
increasingly incorporating dry beans into crop rotation plans to improve soil
health and minimize the need for chemical inputs. This sustainable aspect
resonates with environmentally conscious consumers who prefer products with
lower ecological footprints.
The rising emphasis on responsible and
ethical sourcing in food production contributes to the growth of the dry beans
market. As consumers become more aware of the environmental and social impacts
of their food choices, they seek products with certifications like Fair Trade
and organic, ensuring that beans are produced in a manner that is both
environmentally and socially responsible. Additionally, culinary diversity and the global
appreciation of different cuisines have driven the consumption and production
of dry beans. Dry beans are an adaptable ingredient used in various culinary
applications worldwide, from soups and stews to salads and burritos. They are
an essential component of traditional dishes in numerous cultures and are
increasingly used in international cuisines such as Mexican, Indian, and Middle
Eastern dishes, where beans are integral. The rise of fast-casual and street food
restaurants featuring these cuisines has further popularized dry beans and
expanded their consumption. The availability of convenient and ready-to-eat dry
bean products, like canned beans and pre-cooked bean dishes, has made it easier
for consumers to incorporate beans into their diets, fostering the expansion of
the market.
The global dry beans market also faces
several notable challenges. Climate change poses a significant threat to dry
bean production. Dry beans are sensitive to environmental conditions,
particularly temperature and water availability. Changes in precipitation
patterns, extreme weather events, and shifts in temperature can lead to reduced
yields and poor crop quality. Prolonged droughts can devastate bean crops in
some regions, while excessive rainfall can result in waterlogged soils, which
also negatively impacts production. These climate change effects pose a threat
to food security in regions where dry beans are a dietary staple.
The global dry beans market is segmented into
product type, packaging type, end use, sales
channel, regional distribution, and company.
Based on packaging type, Cans dry beans are emerging as a growing
segment in the global dry beans market. This trend is driven by consumers
seeking convenience and longer shelf life. Canned beans offer a hassle-free
option, eliminating the need for soaking and extended cooking times associated
with dried beans. They also provide a consistent and readily available source
of beans. The convenience and extended storage make canned beans a preferred
choice for busy individuals and households. Additionally, manufacturers are
introducing various bean varieties and flavors, catering to diverse culinary
preferences. As the demand for convenience continues to rise, the canned
segment of the global dry beans market is expected to expand further.
Major companies operating in Global Dry Beans Market
are:
- 21st Century Bean Processing, LLC
- Kelley Bean Co. Inc.
- Hayes Food Products Inc.
- Goya Foods, Inc.
- Colin Ingredients
- Harmony House Foods, Inc.
- Eden Foods, Inc.
- Ruchi Foods LLP
- Bob's Red Mill Natural Foods, Inc.
- GRUMA, S.A.B. de C.V
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“The global dry
beans market is a prominent sector within the agriculture and food industry,
marked by the production, trade, and consumption of dried bean varieties like
kidney beans and black beans. Dry beans are renowned for their protein richness
and versatility, making them a dietary staple worldwide. Key drivers include
the growing demand for plant-based proteins and sustainability practices, while
challenges encompass climate change effects and trade barriers. Furthermore,
diverse culinary applications and an increasing focus on health and wellness
trends are shaping the market's growth, providing opportunities for innovation
and expansion within the industry”, said Mr. Karan Chechi, Research Director
of TechSci Research, a research-based management consulting firm.
“Dry Beans Market –
Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By
Product Type (Pinto Beans, Black Beans, Navy Beans, Red Kidney Beans, Great
Northern Beans, Others), By Packaging Type (Plastic Bags, Cans, Jars, Others),
By End Use (Households, Restaurants & Hotels, Others), By Sales Channel
(Departmental Stores, Supermarkets/Hypermarkets, Convenience Stores, Online,
Others), By Region, By Competition, 2019-2029F”, has evaluated the future growth
potential of Global Dry Beans Market and provides statistics & information
on market size, structure and future market growth. The report intends to
provide cutting-edge market intelligence and help decision makers take sound
investment decisions. Besides, the report also identifies and analyzes the
emerging trends along with essential drivers, challenges, and opportunities in
Global Dry Beans Market.
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