Canned Beans Market: Segmented: By Type (Navy Beans, Kidney Beans, Garbanzo Beans, Pinto Beans, Others), By Category (Conventional and Organic), By Distribution Channel (Supermarkets & Hypermarkets, Convenience Stores, Others), And Region - Global Analysis of Market Size, Share & Trends For 2019-2022 And Forecasts To 2032
[ 170 + Pages Research Report ] Canned Beans Market to surpass USD 6.03 billion by 2032 from USD 2.75 billion in 2021 at a CAGR of 7.4% in the coming years, i.e., 2022-2032.
Canned beans are multipurpose processed food that provide a similar nutritional profile as dried beans. They are handy ingredients that are used in a variety of dishes. Also, they are inexpensive and store well in the cellar. Canned beans are really the epitome of a pantry staple since they are very much handy and flexible. They work well with several other foods, such as vegetables, rice, meat, and fish. They are dependable, inexpensive, and non-perishable. After being blanched, canned beans are sealed in cans with water, salt, and a few other additions that help the beans maintain their color and texture. They are then cooked at a high temperature under steam pressure.
Canned Beans Market is expected to project a notable CAGR of 7.4% in 2032
Busy lifestyles across the globe is ultimately increasing the demand for packaged and pre-processed food products, and this is fueling the Global Canned Beans Market. Another major factor that contributes to market growth is the ease with which they are prepared without requiring hours of soaking. Moreover, consumers are demanding more healthy foods with energy, proteins, and essential vitamins due to their nutrient-rich status.
The Garbanzo Beans segment is expected to grow with the highest CAGR during 2022-32
Based on Type, the global Canned Beans Market is fragmented into Navy Beans, Kidney Beans, Garbanzo Beans, Pinto Beans, and Others. The garbanzo beans segment is expected to dominate the market in the near future. The progress of the segment is attributed to growing importance of protein in diets, government programs to promote production and rise in population.
The Conventional segment is expected to grow with the highest CAGR during 2022-32
Global Canned Beans Market is classified on the basis of Category into Conventional and Organics. The conventional segment is anticipated to witness the fastest growth in the coming years. The demand for a nutritious diet, the rise in popularity of ethnic dishes, and cost-effectiveness are the growth drivers of the segment.
The Increasing Awareness for the Benefits of Canned Food Items Is Driving the Market
The market for canned beans is being driven by the rising health concerns, a growing desire for healthier foods, and accessibility. Another element boosting the market's expansion is the increase in the number of people who are working and their preference for ready-made or quicker meals. Increasing consumer awareness of the benefits of canned food items and rising personal disposable income are a couple of other key drivers of the market's expansion. In addition, other factors that affect market expansion include changing lifestyles, modernization, increasing research and development efforts made by major corporations, particularly in developing economies, and increasing levels of global engagement.
Growth of the Retail Sector in Developing Economies is Propelling the Market
Factors like improving distribution system, growing consumer demand for ready-to-eat food, expanding retail industry in developing nations, increased health consciousness among consumers, and shifting consumer tastes and preferences are all expected to contribute to market growth.
Major Population Suffering from Bean Allergy
Bean allergies is affecting a substantial portion of the population worldwide, which is expected to hinder the market expansion severely. The market's potential for expansion will be further constrained by fluctuations in raw material costs and supply chain interruptions brought on by the pandemic. The increasing use of artificial flavors in canned beans, the need for fresh food goods, the high pricing of those products, and the rising expense of R&D activities are a few other market hindrances.
Global Canned Beans Market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific and the Middle East and Africa. Owing to the busy lifestyle, increase in the number of working women, and expansion of large businesses' R&D initiatives, the North American area today holds the majority of the canned bean market and is predicted to maintain this pattern of dominance during the projected period. Due to the growing modernization, changing lifestyles, increased usage of packaged food and beverages, and rising personal disposable income, Asia-Pacific is expected to develop quickly throughout the projected period and have the highest CAGR.
The global market was affected differently by the COVID-19 epidemic. On the one hand, limits on travel and cargo movement decreased the demand for the product. On the other hand, the expansion of e-commerce businesses led to a strong demand for canned beans via online delivery services. These beans can be stored for a longer amount of time than normal beans and are free of microbial contamination, which has increased market demand. But the global economic downturn also had an impact on the global market's supply and demand.
Canned Beans Market is further segmented by region into:
Canned Beans Market Segments:
|Market size value in 2021||USD 2.75 Billion|
|Revenue forecast in 2032||USD 6.03 Billion|
|Growth Rate||CAGR of 7.4% from 2021 to 2032|
|Base year for estimation||2020|
|Quantitative units||Revenue in USD million and CAGR from 2021 to 2032|
|Report coverage||Revenue forecast, company ranking, competitive landscape, growth factors, and trends|
|Segments covered||Type, Category, Distribution Channel, and Region|
|Regional scope||North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA)|
|Key companies profiled||The H. J. Heinz Company, Bush Brothers and Company, American Garden, BandG Foods, Inc., Bonduelle, ConAgra Foods, Inc., Del Monte Foods, Epicure, Grandma Brown's Beans Inc., Windmill Organics Limited, B&G Foods, Inc., Van Camp's, Luck's Beans, Hain Celestial, Kroger, and Other Prominent Players.|
Canned Beans Market size was estimated at USD 2.75 Billion in 2021 and is expected to reach USD 6.03 Billion by the end of 2032.
The Canned Beans are pulses that have been blanched and preserved. These beans come in a variety of varieties, including chickpeas, navy beans, pinto beans, kidney beans, and lima beans. They are an excellent source of vitamins, iron, protein, folates, and other necessary nutrients
The Garbanzo Beans and Conventional segments accounted for the largest Canned Beans Market share.
Key players in the Canned Beans Market include The H. J. Heinz Company, Bush Brothers and Company, American Garden, BandG Foods, Inc., Bonduelle, ConAgra Foods, Inc., Del Monte Foods, Epicure, Grandma Brown's Beans Inc., Windmill Organics Limited, B&G Foods, Inc., Van Camp's, Luck's Beans, Hain Celestial, Kroger, and Other Prominent Players.
The adoption of busy lifestyles and the rising demand for packaged and pre-processed food products are fueling the expansion of the Global Canned Beans Market.
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