Lima Beans Prices

Lima Beans Prices December 2023

In the fourth quarter of 2023, the price of lima beans in the United States reached 0.81 USD/lb by December.

Lima Beans Price Trend, Market Analysis, and News

IMARC's latest publication, “Lima Beans Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” presents a detailed examination of the lima beans market, providing insights into both global and regional trends that are shaping prices. This report delves into the spot price of lima beans at major ports and analyzes the composition of prices, including FOB and CIF terms. It also presents a detailed lima beans price trend analysis by region, covering North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The factors affecting lima beans pricing, such as the dynamics of supply and demand, geopolitical influences, and sector-specific developments, are thoroughly explored. This comprehensive report helps stakeholders stay informed with the latest market news, regulatory updates, and technological progress, facilitating informed strategic decision-making and forecasting.

Lima Beans Market Analysis

• The growing health consciousness among worldwide consumers is a primary driver of the lima bean market. Lima beans are known for their great nutritional content, including dietary fiber, protein, and vital minerals such as iron and magnesium. Lima beans are growing more popular as customers seek out dietary options that promote a healthy lifestyle, particularly among vegetarians and those trying to limit meat intake. This trend is reinforced by a number of health and wellness celebrities who encourage plant-based diets, which increases the exposure and popularity of lima beans in both established and emerging countries. As per Food Revolution Network, in 2020, plant-based dairy and meat sales were over US$ 29 Billion and were projected to increase to US$162 Billion by 2030. This means that plant-based meat and dairy alternatives are already making up nearly 8% of the global protein foods market. According to the Bloomberg Intelligence Report, plant-based food sales are expected to increase fivefold by 2030.Consumer demand for lima beans rises as awareness of their health benefits expands, moving the market ahead.
• Lima beans are known for their culinary versatility, making them a popular addition in many dishes. They can be used in soups, stews, salads, and as a side dish, and are versatile in terms of cooking styles and flavors. This versatility attracts to both home cooks and professional chefs, boosting their use in menu items and home recipes. As global cuisine becomes more incorporated into regular eating habits, the need for foods that may be combined with many culinary traditions, such as Lima beans, rises. Furthermore, the growing popularity of international and ethnic foods among consumers encourages the discovery and usage of lima beans in traditional dishes from nations where they are a staple. As per IMARC Group, the global ethnic foods market is expected to reach US$ 54.0 Billion by 2023. Looking ahead, IMARC Group estimates the market to reach US$ 110.4 Billion by 2032, with a compound annual growth rate (CAGR) of 8.02% from 2024 to 2032.

Lima Beans News

The report covers the latest developments, updates, and trends impacting the price of lima beans, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, technological innovations, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the lima beans price trend.

Latest developments in the lima beans industry:

• In January 2023, the Specialty Crops Research Initiative recently awarded a US$ 3.3 Million grant to seven institutions to conduct a four-year study on lima bean features, crossbreeding, growing condition and stressor studies, and consumer preference testing. Emmalea Ernest, a vegetable and fruit scientist and agricultural program leader, will head UD's work in drone-based phenotyping, which involves gathering data on observable properties of lima bean plants.

Product Description

Lima beans, officially known as Phaseolus lunatus, are large, flat, kidney-shaped seeds from the legume family (Fabaceae). They are primarily grown for their edible seeds, which have a buttery texture and mild flavor. Lima beans are native to Central and South America, and they are widely farmed in tropical and subtropical locations around the world. They are a good source of plant-based protein, fiber, vitamins (particularly folate), and minerals (including iron and potassium). Lima beans can be eaten fresh or dried and are used in a variety of recipes, including soups, stews, salads, and casseroles. They are also known by other names in different regions, such as butter beans in the United States and sieva beans on certain Caribbean islands.

Regional Coverage

The report provides a detailed analysis of the market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of FOB and CIF prices, as well as the key factors influencing the lima beans price trend. 

Global Lima Beans Price

The report offers a holistic view of the global lima beans pricing trends in the form of lima beans price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price levels but also provides insights into historical price of lima beans, enabling stakeholders to understand past fluctuations and their underlying causes. The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed lima beans demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Lima Beans Price

European lima beans prices are examined, highlighting the market-specific influences in the region, such as stringent environmental regulations, the competitive landscape, and import-export imbalances that significantly affect pricing structures.

Detailed price information for lima beans can also be provided for an extensive list of European countries.

North America Lima Beans Price

The analysis of lima beans prices in North America delves into the regional industry dynamics, encompassing the impact of local production and the trade flows between North America and other significant global markets.

Specific lima beans historical data within the United States and Canada can also be provided.

Middle East and Africa Lima Beans Price

The report explores the lima beans pricing trends in the Middle East and Africa, considering factors like the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

Region-wise data and information on specific countries within these regions can also be provided.

Asia Pacific Lima Beans Price

The lima beans pricing trends in the Asia Pacific are examined, reflecting the role of the region as a major global producer and consumer of agricultural products, with price dynamics heavily influenced by supply chain efficiencies, regional demand surges, and policy shifts in major economies.

This lima beans price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Lima Beans Price

The analysis of lima beans prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, agricultural output, and trade frameworks.

This comprehensive review can be extended to include specific countries within Latin America.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of lima beans pricing, covering global and regional trends, spot prices at key ports, and a breakdown of FOB and CIF prices.
• The study examines factors affecting lima beans price trend, including input costs, supply-demand shifts, and geopolitical impacts, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The lima beans price charts ensure our clients remain at the forefront of the industry.