Dry Beans Market By Bean Type (Pinto, Black, Navy, Red Kidney, Great Northern), By Packaging Type (Plastic Bags, Cans, Jars), By End-User (Households, Restaurants & Hotels, Flour Industry) By Distribution Channel (Supermarkets & Hypermarkets, Specialty Stores, Departmental Stores, Convenience Stores), & Region for 2024-2031
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 CustomizationDry Beans Market By Bean Type (Pinto, Black, Navy, Red Kidney, Great Northern), By Packaging Type (Plastic Bags, Cans, Jars), By End-User (Households, Restaurants & Hotels, Flour Industry) By Distribution Channel (Supermarkets & Hypermarkets, Specialty Stores, Departmental Stores, Convenience Stores), & Region for 2024-2031
Dry Beans Market Valuation – 2024-2031
The increasing demand from consumers for plant-based protein sources, health-conscious eating patterns, and sustainable bean cultivation methods are driving factors in the dry bean market. According to the analyst from Market Research, the dry beans market is estimated to reach a valuation of USD 6.79 Billion by 2031 over the forecast subjugating around USD 4.93 Billion in 2024.
The growing popularity of vegetarian and vegan diets, increased health consciousness, and the versatility of beans as an affordable, nutrient-dense ingredient in a wide range of culinary applications all contribute to the projected strong growth of the dry bean market. It enables the market to grow at a CAGR of 4.5% from 2024 to 2031.
Dry Beans MarketDefinition/Overview
Dry beans are mature seeds of leguminous plants, particularly those in the Fabaceae family, that are picked and allowed to dry before consumption. They are distinguished by their tough exterior shells and starchy inside, making them an adaptable element in a variety of culinary applications. Dry beans are popular in soups, stews, and salads due to their high protein and fiber content, making them a vegetarian and vegan mainstay.
What's inside a
industry report?
Our reports include actionable data and forward-looking analysis that help you craft pitches, create business plans, build presentations and write proposals.
What are the Primary Drivers for the Growth of the Dry Beans Market?
The growing popularity of plant-based diets and the acknowledgment of beans as a healthy protein source are driving market growth. The Good Food Institute reported that plant-based food retail sales in the United States increased by 27% in 2020, reaching USD 7 Billion. The plant-based protein category, which includes dry beans, increased by 24% during the same period. This trend points to a growing consumer demand for plant-based protein sources such as dry beans.
Dry beans are becoming increasingly popular for their health benefits, such as high fiber content and low glycemic index. According to the Centers for Disease Control and Prevention (CDC), barely one in every ten persons in the United States consumes the recommended amount of fruits and vegetables each day. This has led to increased attempts to promote healthful foods like beans. The U.S. Department of Agriculture’s MyPlate guidelines recommend adults consume 1.5 to 3 cups of beans per week, further driving demand for dry beans as a healthy food option.
Furthermore, the COVID-19 pandemic has raised concerns about food security, resulting in increased demand for non-perishable items such as dried beans. According to the Food and Agriculture Organization (FAO), global dry bean production has climbed from 28.9 million tons in 2010 to 34.5 million tons in 2020, indicating a growing demand. Also, the United Nations designated 2016 as the International Year of Pulses, which includes dry beans, to promote awareness about their nutritional value and significance in sustainable food production.
What are the Key Challenges faced by the Dry Beans Market?
Dry beans’ productivity is influenced by elements such as soil quality, rainfall, and temperature since they are sensitive to environmental conditions. Climate change and harsh weather threaten the consistent and dependable production of dry beans, resulting in supply disruptions and price volatility, and limiting market expansion.
Alternative and plant-based protein sources compete with dried beans. Dry beans are struggling to maintain or increase their market share as goods such as peas, lentils, and soy gain popularity. Furthermore, because dry beans take longer to cook than canned or processed beans, some customers assume they require more time to prepare. This misconception prevents many from embracing them, especially those seeking quick and easy supper options.
Category-Wise Acumens
How Does the Rising Popularity of Plant-based Diets Propel the Demand for Pinto Beans?
According to analysis, the pinto beans segment is estimated to hold the largest market share during the forecast period. Pinto beans are known for their high nutritional content, which includes protein, dietary fiber, vitamins, and minerals. This health appeal coincides with the expanding consumer trend toward plant-based diets, making pinto beans a popular choice among health-conscious people looking for healthful food options.
The adaptability of pinto beans in diverse cuisines contributes greatly to their market dominance. They are commonly used in popular meals like chili, burritos, and refried beans, especially in Mexican and Southwestern cuisines. This widespread use in a variety of culinary applications increases their demand in both the retail and restaurant industries.
Furthermore, the growing popularity of vegetarian and vegan lifestyles has increased demand for pinto beans as a primary plant-based protein source. As consumers seek alternatives to animal proteins, pinto beans provide a cost-effective and nutritional option, maintaining their position as the market leader in dry beans.
How Does Increasing Demand in Households Promote the Dry Beans Market Growth?
The household segment is estimated to dominate the dry beans market during the forecast period. The growing understanding of dry beans’ health benefits, such as their high protein and fiber content, encourages households to incorporate them into their meals. As customers seek healthful and economical food options, dry beans have become a household staple, contributing to their dominance.
Dry beans are popular in families because they are versatile in cooking and easy to store. They can be used in a variety of cuisines, including soups & stews, salads, and side dishes. This versatility makes them a popular choice among home cooks, contributing to their sizable market share in the household segment.
Furthermore, the surge in plant-based diets and vegetarianism in homes has greatly increased the demand for dried beans. As consumers seek animal alternatives for health and environmental reasons, dried beans serve as a key source of plant-based protein, reinforcing their dominance in the household end-use segment.
Gain Access to Dry Beans Market Report Methodology
Country/Region-wise Acumens
How Does the Growing Hispanic Population Drive the Dry Beans Market in North America?
According to analyst, North America is expected to exhibit substantial growth within the dry beans market during the forecast period. The Hispanic population in North America, especially in the United States, is quickly expanding and influencing gastronomic trends. The Hispanic population is expected to reach 111 million by 2060, accounting for 28% of the overall US population. Beans are an essential ingredient in many Hispanic cuisines. According to the U.S. Dry Bean Council, Hispanic Americans consume dry beans at a 2-3 times higher rate than the general population, which is fueling market expansion.
Furthermore, the COVID-19 pandemic has raised awareness about food security and emergency preparedness in North America. According to the United States Department of Agriculture (USDA), 10.5% of U.S. households (13.8 million households) experienced food insecurity at some point in 2020. Dry beans, with their lengthy shelf life and nutritional value, have become a popular emergency food source. North American dry bean output has increased to satisfy this need, with the USDA estimating that US dry bean production will reach 1.46 million metric tons in 2020, up 59% from the previous year.
What Factors Are Driving the Growth of the Market in the Asia Pacific Region?
Looks like the Asia Pacific region is going to be a big player in the dry beans market for the foreseeable future. And that makes sense, right? With over 60% of the world's population living there, the region heavily influences what the world eats. I mean, the United Nations says they had 4.3 billion people in 2019 and expect 4.7 billion by 2050! That's a lot of mouths to feed. The Food and Agriculture Organization (FAO) also says that Asia already produces around 45% of the world's dry beans, with China leading the charge. So, yeah, all those people needing to eat really drives up the demand for staples like, you guessed it, dry beans.
Furthermore, several Asian governments have established strategies to encourage the use of pulses, such as dry beans. For example, India, a big user of dry beans, began the National Food Security Mission in 2007 with the goal of increasing pulse production. As a result, India’s pulse production rose from 14.76 million tons in 2007-08 to 23.01 million tons in 2019-20, according to the Indian Ministry of Agriculture and Farmers Welfare. Such activities across the region are propelling the dry bean market forward.
Competitive Landscape
The competitive landscape of the dry bean market is characterized by a varied range of firms involved in various elements of production, processing, and distribution. Product innovation, price strategies, and the ability to adapt to changing consumer preferences for health and sustainability are all important elements driving competition.
Some of the prominent players operating in the dry beans market include
- Ruchi Foods
- Colin Ingredients
- MacTaggart’s Brand
- Eden Foods
- Amadeus
- Kelley Bean Co
- Goya Foods
- Hayes Food Products
- Nielsen-Massey Vanillas
- Vanilla Food Company
- 21st Century Bean
- Garlico Industries
- Harmony House Foods
Latest Developments
- In October 2022, the United States Dry Bean Council (USDBC) contracted LOTUS, a UK-based public relations agency, to analyze the prospects and problems in the UK market for US dry beans.
Report Scope
REPORT ATTRIBUTES | DETAILS |
---|---|
Study Period | 2021-2031 |
Growth Rate | CAGR of ~4.5% from 2024 to 2031 |
Base Year for Valuation | 2024 |
Historical Period | 2021-2023 |
Forecast Period | 2024-2031 |
Quantitative Units | Value in USD Billion |
Report Coverage | Historical and Forecast Revenue Forecast, Historical and Forecast Volume, Growth Factors, Trends, Competitive Landscape, Key Players, Segmentation Analysis |
Segments Covered |
|
Regions Covered |
|
Key Players | Ruchi Foods, Colin Ingredients, MacTaggart’s Brand, Eden Foods, Amadeus, Kelley Bean Co, Goya Foods, Hayes Food Products, Nielsen-Massey Vanillas, Vanilla Food Company, 21st Century Bean, Garlico Industries, and Harmony House Foods. |
Customization | Report customization along with purchase available upon request |
Research Methodology of Market Research
To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our .
Reasons to Purchase this Report
We dig deep, looking at the market from all angles – not just the numbers, but also the human side – using qualitative and quantitative analysis to understand different groups of customers. You'll get clear data on market size (in USD Billion) for every area we explore. We'll point out which region and segment are poised for the biggest and fastest growth, and break down product and service use region by region, explaining what's driving the market there. Our competitive landscape section ranks the top companies and highlights their latest movesnew products, partnerships, expansions, and acquisitions over the last five years. You'll also find detailed company profiles with overviews, insights, product comparisons, and SWOT analyses for major players. We'll give you a picture of the current and future market, covering recent events, growth opportunities, key drivers, and the challenges ahead in both established and emerging markets. We'll use Porter's five forces to analyze the market from multiple perspectives, and show you how value is created through the value chain. Finally, we'll explore market dynamics and growth opportunities going forward, and even include 6 months of analyst support after your purchase.
Customization of the Report
• In case of any please connect with our sales team, who will ensure that your requirements are met.
Pivotal Questions Answered in the Study
Related Reports
- Global Formulation Additives Market Size By Type (Defoamers, Dispersing Agents), By Application (Construction, Food and ...
- Glass Flake Coatings Market By Resin Type (Epoxy-Based Glass Flake Coatings, Polyester-Based Glass Flake Coatings, Vinyl...
- Global Medical Processing Seals Market Size By Type (O-Rings Gaskets, Inflatable Seals, Oil Seals, Tank Lid Seals, Diaph...
- Global Unified Monitoring Market Size By Component, By Deployment Mode, By Organization Size, By Geographic Scope And Fo...
- Global Efficacy Testing Market Size By Type, By Product & Service, By Application, By Geographic Scope And Forecast
- Anesthesia And Respiratory Devices Market By Product Type (Anesthesia Devices, Respiratory Devices), By End-User (Hospit...
Table of Content
To get a detailed Table of content/ Table of Figures/ Methodology Please contact our sales person at ( chris@marketinsightsresearch.com )
List Tables Figures
To get a detailed Table of content/ Table of Figures/ Methodology Please contact our sales person at ( chris@marketinsightsresearch.com )
FAQ'S
For a single, multi and corporate client license, the report will be available in PDF format. Sample report would be given you in excel format. For more questions please contact:
Within 24 to 48 hrs.
You can contact Sales team (sales@marketinsightsresearch.com) and they will direct you on email
You can order a report by selecting payment methods, which is bank wire or online payment through any Debit/Credit card, Razor pay or PayPal.
Discounts are available.
Hard Copy