Canned Beans Market Outlook
The Canned beans market is witnessing significant growth with changing dietary habits of people. The Global market share was valued at USD 890 million in 2020. The adoption of a busy Lifestyle has increased the demand for pre-processed food products like canned beans which are ready to cook and don't require a soaking period, unlike dried beans.
Canned beans are pulses blanched and preserved in sealed cans. These beans are of different types like Lima beans, Chickpeas, Navy Beans, Kidney Beans, Pinto Beans, etc. They are a good source of protein, folates, vitamins, iron, and other essential nutrients. They are low fat high-energy products quite suitable for health-conscious people and patients with lifestyle-related disorders, thereby gaining wide popularity. The global canned beans market is expected to grow at a Compound Annual Growth Rate (CAGR) of 4.2 % over the forecast period.
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The covid-19 pandemic had a mixed impact on the global market. On one hand, the demand for the product lessened due to restrictions in travel and movement of goods. While on the other hand, the growth of e-commerce companies generated good demand for canned beans through online delivery systems. These beans are free from microbial contamination and can be stored for some additional period than conventional beans which led to market growth. However, the economic recession across the globe also affected the demand and supply of the Global market.
The canned beans market share Analysis is generally fueled by factors such as high shelf life, minimal preparation time, and maintained nutritional content. On the other hand, beans are among the most versatile and commonly consumed food across the world. Beans are a nutrient-rich food that contains a variety of vitamins, minerals, and several other nutrients such as protein, fiber, folate, iron, potassium, and magnesium while containing little or no total fat, trans-fat, sodium, and cholesterol. These factors are also expected to influence the global market growth during the forecast period.
- The H. J. Heinz Company (US)
- Grandma Brown's Beans Inc. (US)
- Bush Brothers & Company (US)
- B&G Foods, Inc. (US)
- ConAgra Foods, Inc. (US)
- Del Monte Foods (US)
- American Garden (US)
- Windmill Organics Limited (UK)
- Bonduelle (France)
- Epicure (UK)
Rising Demand for Organic Products: is packed with organic beans grown in an organic environment without the use of artificial chemical substances, such as additives or pesticides and herbicides. On the inorganic plantation, beans are grown with only organic fertilizers, such as worm castings, chicken or cow manure, or compost. Additionally, organic beans are richer in antioxidants and fiber as compared to conventional counterparts. The growing incidences of allergies and diseases caused by the harmful chemicals used as additives have created awareness for food safety among consumers. Owing to this, organic canned food products are expected to create a substantial growth opportunity for dehydrated beans market players during the review period.
Non-Store-Based Distribution Channels Gaining Popularity Across the Globe: The non-store-based segment is projected to register a higher growth rate during the forecast period. Manufacturers of canned beverages are inclined towards non-store-based distribution channels for the extensive sales of their products. Moreover, the impact of COVID-19 has led to the implementation of lockdown in many countries and has resulted in the forced closure of retail stores. Companies are opting for online distribution platforms as they want to extend their consumer reach, considering the present situation. Also, consumers have access to a wide variety of products in terms of flavor variants, quantity, pack size, as well as several offers.
- North America
- The U.S.
- The U.K.
- Asia Pacific
- Central & South America
- Middle East & Africa
NOTE: Our Team of Researchers is Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.
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