The latest report by IMARC Group, titled “Dry Beans Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” finds that the global dry beans market size reached US$ 6.4 Billion in 2021. 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.
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.
Global Dry Beans 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. Looking forward, the market value is expected to grow at a CAGR of 4.52% during the forecast period (2022-2027).
- Based on the bean type, the market has been segmented into pinto, black, navy, red kidney, great northern and other beans.
- On the basis of the packaging type, the market has been classified into plastic bags, cans, jars, and others.
- The market has been categorized based on the distribution channel into supermarkets and hypermarkets, speciality, departmental, convenience and other stores.
- On the basis of the end-use, the market has been segregated into households, restaurants and hotels, flour industry, and others.
- Region-wise, the market has been divided into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Poland, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa (Turkey, Saudi Arabia, the United Arab Emirates, Israel, and others).
- The competitive landscape of the market has been examined, with some of the key players being 21st Century Bean Processing LLC, Kelley Bean Co., Hayes Food Products Inc., Goya Food Inc., Colin Ingredients, Harmony House Foods, Inc., Eden Foods, Ruchi Foods LLP, and Garlico Industries Ltd. (Garon Dehydrate Private Limited).
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