Global Edible Beans Market - 2023-2030

Global Edible Beans Market - 2023-2030

Global Edible Beans Market reached US$ 16.9 billion in 2022 and is expected to reach US$ 21.5 billion by 2030, growing with a CAGR of 3.1% during the forecast period 2023-2030.

The global edible beans market has witnessed significant growth and transformations over the years. Consumers are highly adopting these beans as staple ingredients in various culinary applications, as they are highly nutritious and rich sources of proteins, vitamins, and minerals. Hence, such factors help in driving the global edible bean market.

Furthermore, as the demand is increasing the government also taking some initiatives, for instance, in February 2023, the U.S. Department of Agriculture purchased canned and dry edible beans for distribution to various food nutrition assistance programs. Such, initiatives can help in increasing the market growth.

Organic edible beans hold the maximum share of the global edible bean market, as well as Asia-Pacific region remains the dominant region in the edible bean market, as Asia accounts for 43.1% of global bean production. This region's rapid urbanization and industrialization can help in increasing the market growth.

Dynamics

Raising in Demand for Edible Beans Products

The demand for edible bean products is increasing, which significantly increases the production rate for instance, according to a USDA report, Production of dry edible beans is 25.3 million cwt in 2023, a 3% increase from 2022, with the area of cultivation estimated at around 1.21 million acres. Hence, such high production rates can help in increasing the market growth.

Furthermore, consumers are highly adopting these edible beans as a nutritious source of plant-based protein, fiber, and various essential nutrients. They also help in maintaining digestive health, reducing cholesterol levels, and helping weight management. Hence, such factors can help in increasing the market growth.

Increase in Health Consciousness Among Consumers

As the health consciousness among consumers is increasing it significantly helps in increasing the adoption rate of edible beans as they offer a wide range of essential nutrients, vitamins, minerals, and proteins. They help in stabilizing blood sugar levels and help in maintaining digestive and heart health. Hence, such factors help in increasing the market growth.

Furthermore, as the organic demand is on the rise, prompting companies to embrace organic processing methods in order to produce organic bean products. For instance, Shiloh Farms company produces organic navy beans, which are petite, oval, creamy-white beans with a mild flavor. They are rich in protein and fiber, which are highly used in cooking. Hence, such products help in increasing the adoption rate.

Allergic Reactions

The beans cause hives, skin reactions, asthma in children, rhinitis, stomach pain or vomiting, and others, in some people, who are intolerant to beans. This could cause a limitation of the market for smaller consumer bases and also affect the adoption rate. Hence, the allergic reactions can hamper the market growth.

Segment Analysis

The global edible beans market is segmented based on type, category, distribution channel, application and region.

Increase in Demand for Nutritive Food

Organic edible beans hold the maximum share of the global edible beans market. Consumers are adopting these as they contain all the essential nutrients and are rich in dietary fiber which helps in improving digestive health and also helps in reducing blood sugar levels. Hence, such factors help in increasing the adoption rate of edible beans.

Furthermore, many manufacturing companies are focusing on producing innovative high-quality products in order to attract larger consumer bases. For instance, Del Monte Foods, Inc. company S&W Organic pinto beans, which contains fiber 9g, carbs 20g, cholesterol 0mg, calories 110, and others. Hence, such products help in increasing the adoption rate.

Geographical Penetration

High Production Rate

Asia-Pacific has been a dominant force in the global edible beans market and its significance has only grown in the post-2020 era. Consumers in this region are adopting these beans as part of their regular diets as they are rich in protein and provide all the essential nutrients. Hence, such factors help in increasing the market in this region.

Furthermore, According to FAOSTAT, the global area of common bean was 34.80 million ha in 2020, and its production was 27.54 million tons. Asia accounts for 43.1% of global bean production, followed by the Americas (29.4%) and Africa (25.5%). Hence, such high production and vast cultivation area can help in increasing the market in this region.

Additionally, as the demand in this region is increasing, many manufacturing companies such as Sriyanka Aggrotech, Jambiani Group Limited, and others are focusing on producing high-quality innovative products in order to expand their portfolios and increase the availability of products in the market in this region.

Competitive Landscape

The major global players in the market include ADM, STAR OF THE WEST, Kristen Company LLC, BUSH BROTHERS & COMPANY, Aiva Products, Del Monte Foods, Inc., SHILOH FARMS, L. H. Hayward & Co., LLC., Goya Foods, Inc., and Eden Foods.

COVID-19 Impact Analysis

The pandemic has brought unprecedented challenges for industries worldwide, including global edible beans market. Many country governments have imposed some lockdown restrictions, due to which many manufacturing companies are shut down, which has led to a decrease in the availability of products in the market. This has shown a negative impact on the global edible beans market.

By Type
• Navy Beans
• Kidney Beans
• Pinto Beans
• Black Beans
• Great Northern Beans
• Others

By Category
• Organic
• Conventional

By Distribution Channel
• Supermarkets/Hypermarkets
• Convenience Stores
• Specialty Stores
• E-Commerce
• Others

By Application
• Household
• Restaurants
• Others

By Region
• North America
U.S.
Canada
Mexico
• Europe
Germany
UK
France
Italy
Russia
Rest of Europe
• South America
Brazil
Argentina
Rest of South America
• Asia-Pacific
China
India
Japan
Australia
Rest of Asia-Pacific
• Middle East and Africa

Key Developments
• In December 2022, Hain Celestial Group announced the divestiture of its Westbrae natural brand to Bush Brothers & Co. The Westbrae have a number of canned bean products, all-natural or organic, including kidney beans, black benas, lentils and chili.

Why Purchase the Report?
• To visualize the global edible beans market segmentation based on type, category, distribution channel, application, and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of edible beans market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of key products of all the major players.

The global Edible Beans market report would provide approximately 69 tables, 71 figures and 181 Pages.

Target Audience 2023
• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies