Edible Beans Market Size By Product Type (Pinto Beans, Navy Beans, Great Northern Beans,), By Application (Household, Restaurants), By Distribution Channel (Supermarket/Hypermarket, Online Stores, Specialty Stores), By Geographic Scope And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationEdible Beans Market Size By Product Type (Pinto Beans, Navy Beans, Great Northern Beans,), By Application (Household, Restaurants), By Distribution Channel (Supermarket/Hypermarket, Online Stores, Specialty Stores), By Geographic Scope And Forecast
Edible Beans Market Size And Forecast
Edible Beans Market size was valued to be USD 17.64 Billion in the year 2024 and it is expected to reach USD 21.42 Billion in 2031, at a CAGR of 2.71% over the forecast period of 2024 to 2031.
- The edible beans, also recognized as dry beans or pulses, constitute the consumable seeds of various leguminous plants, including common beans, peas, lentils, and chickpeas. They are acknowledged as a valuable constituent of a nutritious and environmentally friendly diet, offering a rich source of plant-based protein, fiber, vitamins, and minerals.
- Utilized across a broad spectrum of culinary applications, edible beans serve as adaptable ingredients in soups, stews, salads, dips, and a variety of ethnic dishes. Whether consumed whole or transformed into flour, pasta, snacks, or meat alternatives, they cater to diverse dietary preferences and trends.
- The diverse applications of edible beans span traditional cuisines and innovative food products, with widespread adoption in plant-based diets such as vegetarian and vegan regimes. Additionally, they find utility in gluten-free and allergen-free food formulations, meeting the increasing demand for sustainable and nutritious dietary choices.
Edible Beans Market Dynamics
The key market dynamics that are shaping the Edible Beans market include
Key Market Drivers
- Increasing Demand for Plant-Based ProteinsThe upsurge in consumer awareness regarding the health and environmental benefits of plant-based diets is driving the demand for plant-based protein sources like edible beans. The projected growth of the edible bean market is fueled by the popularity of these protein-rich legumes, including beans, lentils, and chickpeas.
- Rising Health ConsciousnessIncreased health concerns are encouraging consumers to seek nutritious and natural food ingredients. The high protein, fiber, vitamin, and mineral content of edible beans are changing the perception surrounding these legumes as healthy ingredients, thereby contributing to their popularity in various food products.
- Trend towards Clean Label ProductsThe demand for minimally processed and recognizable components in food products, such as edible beans, is being driven by the clean label trend. This trend, appealing to health-conscious consumers, is a driving factor for the edible bean market.
- Growth of Meat Alternatives and Plant-Based ProductsChanging consumer preferences and the shift toward vegetarian and vegan diets are driving the increasing demand for meat alternatives and plant-based products. This trend is spurring the use of edible beans as ingredients due to their protein content and texture-enhancing properties, often utilized in the formulation of plant-based burgers, sausages, and other meat substitutes.
- Functional Properties of Edible BeansThe valuable ingredients in food processing are the functional properties of edible beans, such as emulsification, gelling, and water-binding capabilities. The widespread use of edible beans in the food industry is facilitated by their addition of texture, structure, and overall quality to food products. Additionally, they aid in the development of tasty, bean-based snacks, beverages, and bakery items.
- Sustainable and Environmentally Friendly Food SourcesThe environmentally friendly nature of edible beans is enhancing their use, with their nitrogen-fixing properties promoting soil health. Furthermore, the cultivation and use of edible beans align with the focus on sustainable sourcing and agricultural practices in food production.
Key Challenges
- Susceptibility to Adverse Weather ConditionsWeather conditions heavily influence the production of edible beans, making them susceptible to adverse events such as droughts, floods, and temperature extremes. Unfavorable weather patterns can cause significant crop losses, impacting the market supply and pricing of edible beans.
- Pest and Disease ManagementEdible bean crops can be affected by various pests and diseases, leading to substantial yield reductions if not effectively managed. The challenge lies in implementing sustainable and eco-friendly pest management practices to ensure both crop productivity and environmental sustainability.
- Storage and Shelf-Life ConcernsDuring storage, edible beans are prone to spoilage and quality deterioration if not properly handled and stored under optimal conditions. Maintaining the quality and safety of edible beans throughout the supply chain presents a significant challenge, particularly in regions with limited infrastructure and storage facilities.
- Limited Consumer Awareness and Perception IssuesDespite their nutritional benefits, there is a lack of consumer awareness regarding the versatility and preparation methods of edible beans, particularly in certain regions. Overcoming this knowledge gap and addressing negative perceptions about flavor or digestibility is crucial for market growth.
- Processing and Formulation ChallengesChallenges related to texture, flavor, and functional properties can arise when incorporating edible beans into processed food products. Innovative processing techniques and formulations are necessary to address these challenges and enhance the appeal and acceptability of edible bean-based products.
Key Trends
- Development of Innovative Bean-Based ProductsThere is an observed trend towards the development of innovative bean-based products, such as snacks, plant-based meat alternatives, and convenience foods. Food manufacturers are exploring new ways to incorporate edible beans into various product categories, catering to changing consumer preferences and dietary trends.
- Expansion of International and Ethnic CuisinesThe rising interest in international and ethnic cuisines is contributing to the growth of the edible beans market. Consumers seeking authentic flavors and diverse culinary experiences are driving the demand for edible beans, which are staple ingredients in many traditional cuisines.
- Innovation in Snack FoodsA notable trend in the snack food category is the introduction of edible bean-based snacks. Healthier snacks, including bean-based chips, puffs, and crackers, are gaining popularity compared to traditional snacks. This trend is driven by the demand for nutritious and innovative snacking options.
- Emphasis on Sustainable and Environmentally Friendly CropsEdible beans are recognized as a sustainable and environmentally friendly crop due to their ability to fix nitrogen in the soil and their relatively low water requirements. This aligns with the growing focus on sustainable agricultural practices and reducing the environmental impact of food production.
- Growth of Flexitarian and Vegetarian DietsThe popularity of edible beans as a versatile and nutrient-dense protein source is fueled by the rise of flexitarian and vegetarian diets. Concerns over the environmental impact of meat production and a desire for healthier eating habits are driving this trend.
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Edible Beans Market Regional Analysis
Here is a more detailed regional analysis of the Edible Beans market
Asia Pacific
- The Asia Pacific region dominates the global edible beans market, with approximately 40% of the market share accounted for in 2023.
- This dominance can be attributed to factors such as the presence of a large population base, traditional dietary preferences for legumes, and the increasing demand for plant-based proteins in countries like India, China, and Japan.
- Edible beans are both produced and consumed on a large scale in the Asia Pacific region, with India emerging as the largest producer and consumer of pulses globally.
- According to the Food and Agriculture Organization (FAO), India produced approximately 25.58 million metric tons of pulses in 2023, which accounted for around 25% of the global production.
North America
- In the North American region, rapid growth is being witnessed in the edible beans market, driven by factors such as the increasing popularity of plant-based diets, healthy eating trends, and the demand for sustainable food sources.
- The demand for edible beans as a key ingredient in meat alternatives is being fueled by the presence of major players in the plant-based food industry, such as Beyond Meat and Impossible Foods.
- Market growth in the region is also being contributed to by the growing Hispanic population in the United States, with their traditional cuisine incorporating a significant amount of edible beans.
Edible Beans Market Segmentation Analysis
The Edible Beans Market is segmented based on Product Type, Application, Distribution Channel, and Geography.
Edible Beans Market, By Product Type
- Pinto Beans
- Navy Beans
- Great Northern Beans
- Red Kidney Beans
- Black Beans
- Yellow Beans
- Others
Based on Product Type, the market is segmented into Pinto Beans, Navy Beans, Great Northern Beans, Red Kidney Beans, Black Beans, Yellow Beans, and Others. Pinto Beans accounted for the largest market share and is projected to grow at the highest CAGR of 2.56% during the forecast period. The pinto bean, one of many types of the common bean (Phaseolus vulgaris), is one of the Americas’ gifts to the world. Pinto bean is anticipated to hold a considerable market share during the forecast period.
Beans were domesticated approximately 8,000 to 7,000 years ago in Peru and Mexico. They are still popular today due to their flavor, low cost, high nutritional content, and convenience of preparation. These beans, like most other beans, are high in fiber, which helps reduce cholesterol. Furthermore, pinto beans’ high fiber content keeps blood sugar levels from increasing too quickly after a meal, making them an especially suitable choice for people with diabetes, insulin resistance, or hypoglycemia.
Edible Beans Market, By Distribution Channel
- Supermarket/Hypermarket
- Online Stores
- Specialty Stores
- Other
Based on the Distribution Channel, the market is classified into Supermarkets/Hypermarkets, Online Stores, Specialty Stores, and Others. Supermarket/ Hypermarket for the largest market share and is projected to grow at the highest CAGR of 3.00% during the forecast period. A supermarket is a self-service shop offering a wide variety of food and household products, organized into aisles.
It is larger and has a wider selection than earlier grocery stores but is smaller and more limited in the range of merchandise than a hypermarket or big-box market. The supermarket and hypermarket segment holds a significant share in the edible beans market on account of several factors including higher availability of beans in supermarkets and hypermarkets in a wide range of varieties.
Edible Beans Market, By Application
- Household
- Restaurants
- Others
Based on Application, the market is bifurcated into Household, Restaurants, and Others. The household segment accounted for the largest market share in 2020 and is projected to grow at the highest CAGR of 2.61% during the forecast period. Owing to the high consumption of nutritional diet in the household is the major reason for the market growth.
Edible beans have distinct qualities, and they provide flexible components that may be utilized in almost every sort of home application, such as cooking. The beans may be prepared in a variety of ways, including boiling, frying, and baking, and they are used in a variety of traditional cuisines across the world. Edible beans are one of the most nutrient-dense foods accessible. They are a low-cost source of complex carbs and protein, as well as a good supply of iron, magnesium, zinc, potassium, and soluble fiber.
Edible Beans Market, By Geography
- North America
- Europe
- Asia Pacific
- Rest of the world
Based on Regional Analysis, the edible beans market is classified into North America, Europe, Asia Pacific, and the Rest of the world. Asia Pacific accounted for the largest market share and is projected to grow at a CAGR of 3.40% during the forecast period. Asia’s economy continues to increase steadily, with strong improvement in trading, agricultural developments, and rising exports of agricultural produce to the developed economies.
The region consists of the foremost and fastest-growing economies that have the potential to fuel the global edible bean market. This is owing to the increase in demand for dry beans, adoption of international eating habits, rising incomes and greater awareness about the health benefits of high fiber and protein diets, rising demand from livestock feed, and adoption of new technologies in farming, amongst others.
Key Players
The “Edible Beans Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are ADM, Star of the West Milling Company, Central Valley Bean Coop, Northarvest Bean, Chippewa Valley Bean, Michigan Bean Commission, Mountain High Organics, Treasure Valley Seed Company, Kirsten Company LLC, Vinasoy, House Foods Group Inc. and Bonita Bean Company.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Edible Beans Market Recent Developments
- In February 2023, the U.S. Department of Agriculture purchased canned and dry edible beans for distribution to food nutrition assistance programs. Such initiatives bolster market growth by ensuring accessibility.
Report Scope
REPORT ATTRIBUTES | DETAILS |
---|---|
STUDY PERIOD | 2021-2031 |
BASE YEAR | 2024 |
FORECAST PERIOD | 2024-2031 |
HISTORICAL PERIOD | 2021-2023 |
UNIT | Value (USD Billion) |
KEY COMPANIES PROFILED | ADM, Star of the West Milling Company, Central Valley Bean Coop, Northarvest Bean, Chippewa Valley Bean, Michigan Bean Commission, Mountain High Organics, Treasure Valley Seed Company, Kirsten Company LLC, Vinasoy, House Foods Group Inc. and Bonita Bean Company. |
SEGMENTS COVERED | Product Type, Application, Distribution Channel, and Geography. |
CUSTOMIZATION SCOPE | Free report customization (equivalent to up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope. |
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