Global Canned Beans Market Size to Reach USD 4,326.55 Million By 2031 | CAGR of 5.8%
Category : Food And Beverages | Published Date : Jun 2024 | Type : Press Release
Canned Beans Market Definition & Overview :
Canned beans are preserved in cans and are rich in sodium, protein, fiber, folate, and various minerals, including iron, magnesium, potassium, and zinc. They are used to prepare several food items like hummus, salads, stews chili, and others.
Consegic Business Intelligence analyzes that the Global Canned Beans Market size was valued at USD 2,622.73 Million in 2022, projected to grow by USD 2,764.27 Million in 2023, and is expected to register a CAGR of 5.8% to reach USD 4,326.55 Million in 2031.
This report comprises Canned Beans Market Share, Size & Industry Analysis, By Type (Navy Beans, Kidney Beans, Garbanzo Beans, Pinto Beans, Lima Beans, Black Beans, and Others), By Product Type (Organic and Conventional), By Distribution Channel (Online (Company Websites and E-commerce Websites) and Offline (Retail stores, Supermarkets, and Others)), By Region(North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa), and Forecast, 2023-2031.
This report contains detailed information on Canned Beans Market Growth Rate, Value, Segmentation, Geographical Coverage, Trends, Company Profile, In-depth Expert Analysis, Revenue Forecast, Competitive Landscape, Growth Factors, Restraint or Challenges, Opportunities, Environment & Regulatory Landscape, PESTLE Analysis, PORTER Analysis, Key Technology Landscape, Value Chain Analysis, and Cost Analysis.
As per the canned beans market analysis, the growing preference for convenient meals and the rise in alternatives to replace meat are the key drivers. Canned beans have high nutritional value, and also contain dietary fiber and plant protein that reduces the chances of chronic diseases.
Segmental Analysis :
The Canned Beans Market is segmented into four major segments based on type, product type, distribution channel, and region.
On the basis of type, the market is further segmented into navy beans, kidney beans, garbanzo beans, pinto beans, lima beans, black beans, and others.
- Pinto beans accounted for the highest market share in 2022, with a 29.85% market share. They are also expected to register the fastest CAGR during the forecasted period due to increased consumption as it provides health benefits and is used to prepare various dishes.
Based on the product type, the market is bifurcated into organic and conventional.
- The conventional segment accounted highest market share in 2022, as these beans are affordable worldwide.
- The organic segment is expected to grow at the fastest CAGR from 2023 to 2031, due to the surge in demand for healthy organic beans which are grown without using chemicals.
Based on the distribution channel, the market is bisected into online and offline.
- The offline segment accounted for the highest market share in 2022, which is further divided into retail stores, supermarkets, and others.
- The online segment is expected to grow at the fastest CAGR over the forecasted period, which is further bifurcated into company websites and e-commerce websites.
By region, the market is segmented into regions including North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
- In 2022, Europe accounted for the highest market share at 35.10%, out of which Germany held a market share of 23.70%.
- The North American region is expected to grow at the fastest CAGR of 6.3% from 2023 to 2031.
| Report Attributes | Report Details |
| By Type | Navy Beans, Kidney Beans, Garbanzo Beans, Pinto Beans, Lima Beans, Black Beans, and Others |
| By Product Type | Organic and Conventional |
| By Distribution Channel | Online (Company Websites and E-commerce Websites) and Offline (Retail stores, Supermarkets, and Others) |
| By Region | North America(U.S., Canada, Mexico), Europe(U.K., Germany, France, Spain, Italy, Russia, Benelux, Rest of Europe), APAC(China, South Korea, Japan, India, Australia, ASEAN, Rest of Asia-Pacific), Middle East & Africa(GCC, Turkey, South Africa, Rest of MEA), LATAM(Brazil, Argentina, Chile, Rest of LATAM) |
Top Key Players & Competitive Landscape :
The competitive landscape encompasses major innovators, aftermarket service providers, industry giants, and niche players, all of which are thoroughly examined by Consegic Business Intelligence in terms of their strengths, weaknesses, and value-addition potential. Additionally, this report includes detailed profiles of key players, market share analysis, mergers and acquisitions, resulting market fragmentation, and emerging trends and dynamics in partnerships.
List of prominent players in the Canned Beans Industry :
- The Kraft Heinz Company
- La Doria S.p.A.
- Furmano's
- Menifine Industries Pvt. Ltd.
- Del Monte Foods, Inc
- Shah Trading Company Ltd.
- MCCALL FARMS
- Rosa Food Products
- HANOVER FOODS
- Mangia Inc.
- California Garden Products Inc
- Serious Bean Co. (Lakeside Foods Inc.)
Recent Industry Developments :
- In April 2023, Del Monte announced its expansion of canned beans production in the US, by investing USD 50 million in a new plant in California.
- In March 2023, La Doria acquired Conserve France's canned beans segment, holding a stronger position in the European market.
