Market Outlook
According to the report by Expert Market Research (EMR), the global dried beans market size is projected to grow at a CAGR of 5% between 2024 and 2032. Aided by the increasing global focus on health and nutrition, the market is expected to grow significantly by 2032.
Dried beans, harvested in their natural, dry state, are a major source of protein, fibre, and essential nutrients. They encompass a variety of types, including black beans, kidney beans, pinto beans, and navy beans, among others. Dried beans have a longer shelf life than their fresh counterparts and are a cost-effective source of nutrition.
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The dried beans market growth is primarily fuelled by the increasing awareness of their health benefits. High in protein and fibre, dried beans are gaining popularity in vegetarian and vegan diets. Furthermore, the growing demand for affordable, nutrient-rich food in developing countries is a significant market driver. The versatility of dried beans, used in a myriad of culinary traditions, also contributes to the market expansion.
According to the dried beans market analysis, these beans find applications across various food sectors, including retail, foodservice, and food processing. In the retail sector, packaged dried beans and bean-based products are increasingly popular due to their convenience. In foodservice, dried beans are a staple ingredient in many ethnic cuisines. Consumer preferences are shifting towards organic and non-GMO dried beans, reflecting a broader trend of health-conscious eating.
The Asia-Pacific region, particularly countries like India and China, dominates the market due to their large population and the integral role of beans in local diets. North America and Europe also hold significant market shares, driven by the growing popularity of plant-based diets and ethnic cuisines that feature beans.
Regulations regarding food safety and quality standards are influencing the dried beans market outlook. The industry is also influenced by policies related to agricultural practices, trade tariffs, and import-export restrictions.
The future of the market looks promising with the increasing adoption of healthy eating habits globally. The development of value-added products, such as bean flours and bean-based snacks, offers potential for market diversification and growth.
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Market Segmentation
The market can be divided based on bean types, packaging type, distribution channels end use, and region.
Market Breakup by Bean Types
- Dried Mung Beans
- Dried Chickpeas
- Dried Azuki Beans
- Others
Market Breakup by Packaging Type
- Plastic Bags
- Cans
- Jars
- Others
Market Breakup by Distribution Channels
- Supermarkets and Hypermarkets
- Convenience Stores
- Online
- Others
Market Breakup by End Use
- Households
- HoReCa
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global dried beans market. Some of the major players explored in the report by Expert Market Research are as follows:
- AGT Food and Ingredients
- BroadGrain Commodities, Inc.
- The Wimmera Grain Store
- Hayes Food Products Inc.
- Others
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