Edible Beans Market Size, Share, Growth and Industry Analysis, By Type (Pinto, Navy, Great Northern, Red Kidney, Black beans, Chickpeas and Others), By Application (Household, Food Production and Other uses), and Regional Forecast to 2032

EDIBLE BEANS MARKET REPORT OVERVIEW

The global edible beans market size was USD 17.53 billion in 2023 and the market is projected to touch USD 23.16 billion by 2032, exhibiting a CAGR of 2.8% during the forecast period.

Market leaders are India Growers, Myanmar Growers and Brazil Growers which account for 17% of the edible beans market. 77%, 15. 95%, and 11. Respective market revenues of these two products are 4% of the total international market in the same year. It presents a clear understanding of the edible beans market to the stakeholders and potential market entrants where various statistical and analytical results help in decision making process. Some of the segments addressed in the report reference types of beans, applications, and regional markets and the information on competition and technology.

Besides, market size projections and its growth rate, the report also illustrates factors that affect the edible beans market such as drivers, restraints, risks, challenges, and opportunities. This broad and extensive market analysis will assist the market players and its stakeholders to comprehend the current position of the market and forecast for the future, thereby planning for an adequate strategy for growth.

COVID 19 Impact: Market Growth Controlled by Pandemic Due to supply chain disruptions

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

Like in most industries, the edible beans market is not immune to the impact of COVID-19, albeit having certain benefits on the same. On the one hand, the activity associated with the consumption of non-perishable products increased, such as edible beans as households bought more food supplies during lockdowns. Whereas, disruptions to supply chain, lack of workforce and limitation in mobility hampered the manufacturing and logistics process which resulted in localized temporary product shortages. The market has been volatile over the years especially with the effect of the pandemic, but one market that has continued to experience a steady demand is the edible beans market owing to its health benefits and uses.

The pandemic also caused a change in consumer trend, where there is growth in home cooking and preference for more shelf stable healthier food such as edible beans. This change in consumption pattern increased retail circulation of beans, especially in the developed zones where people wanted to be healthy during the lockups. But the market of edible beans experiences some problems like interruptions in the supply chain, which causes delaying the delivery of beans to different parts. However, the necessity of edible beans in consumption diets all over the world made the market recoverable with stabilization as the supply chains resumed gradually.

LATEST TRENDS

"Trending Areas for the Fuller Growth of the Market"

The global edible beans market is also benefiting from a faster-growing segment; this is as a result of a growing consumer awareness of the benefits of consuming diets that include the edible beans. New engine eration of technologies in food processing and packaging are extending the store life with improved preservation of nutrients, or in other words, market expansion is also another factor. Also, increasing awareness in the consumption of organic food and increased availability of organic edible beans have led to increased demand for their products hence contributing to market growth.

EDIBLE BEANS MARKET SEGMENTATION

By Type

•  Pinto Beans: Mostly incorporated in Mexican and South Western United States dishes because of their concentrated taste and high nutrition value.
• Navy Beans: Small, white beans are used in soups and baked bean dishes and has a mild taste and very tender consistency.
• Great Northern Beans: Small to medium ‘pulses’ with a subtle taste and texture, usually required for casseroles.
• Red Kidney Beans: A type of common beans grown especially for their large, kidney-shaped seeds that can be used for preparing different kinds of thick dishes, including chili, and that contain a great amount of protein and dietary fiber.
• Black Beans: Popular for their dark coloured, thick and flavourful skin which is utilized in Latin American food and vegetarian meals.
• Chickpeas: Chickpea also known as garbanzo beans which are consumed most frequently in the Middle Eastern and Mediterranean belts and which contain proteins as well as fibre.
• Others: Some of the other beans that grow on this tree include lima beans, adzuki beans together with green beans known as mung beans and are used in different ways in preparation of foods.

 By Application

•  Household: HUL has edible beans that people consume in different meals including soups, salads and as a substitute for meat among individuals who for one or two reasons do not take animal products.
• Food Production: The versatile and popular in food processing industry for preparing and preserving canned beans, quick prepared meals and snack foods.
• Other Uses: Used as feeds for animals, in production of fertilizers, as raw materials in the manufacturing of plant-based products.

DRIVING FACTORS

"Increasing health consciousness amongst consumers influence the purchase of new generation beverage products"

With an increased consciousness of the people on the health implications of taking plant base diets, there is an increased demand of edible beans. Beans are packed with protein, fiber, vitamins and minerals such that they are preferred foods for everyone seeking to lead a healthy lifestyle. This change in the consumption pattern of food is creating the market for edible beans as more and more people include beans in their daily meal either as meat substitute or as a side dish or as a gravy.

Consumer’s preference toward plant-based protein sources

The new world order is witnessing continuing decrease in consumption of animal proteins in Favor of plant proteins and the edible beans are part of this trend. Edible beans are also gaining the attention of the populace owing to their high protein content as well as being environmentally friendly especially in the present world which is embracing sustainable and ethical foods. Owing to this increasing shift towards the consumption of plant proteins, the edible beans market growth is gradually anticipated over the future years.

RESTRAINING FACTOR

"Supply Chain Management Problems To Hinder the Market Growth"

To a certain extent, there are operational issues which can hinder the edible beans market performance, namely the issues with supply chain. Some of the risks that could affect the production and supply of edible beans are weather vagaries, difficulties in transportation, and scarcity of human resource. Such issues with the supply chain can result in fluctuations in price and supply that is scarce in some areas hence acting as a constraint to the growth of the market.

MARKET REGIONAL INSIGHTS

The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa

"North America Section Leading the Market Due to High Feeding of Edible Beans"

The edible beans market share is not consistent throughout the regions of the world. North America and Asia-Pacific are via as the largest consumer market of edible beans with United States, Canada, China, and India as the major Edible Beans markets. Other promising continents that have rapidly embraced the use of this product as staple food include Latin America and Africa. Europe is a highly market for vegan food products due to factors such as; increasing awareness of health implications and the necessity to switch to a plant-based diet. The demand and production of the edible beans is also likely to experience a rise in these regions and hence the market here is expected to grow.

KEY INDUSTRY PLAYERS

"Leading Companies Driving Innovation and Growth"

The major factor that defines the edible beans market is the availability of numerous global leading players involved in the global production and supply. At present, India Growers, Myanmar Growers, Brazil Growers manufacturers dominate the market in terms of both revenue and market share. These companies are involved in extensive cultivation and export of edible beans to satisfy the needs of the global market. Other key players which exist in the global edible beans industry and market include the U. S. Growers, the China Growers and Mexico Growers. These companies are in perpetual development to try and enhance the yield and quality in order to sustain the competitive advantage.

List of Market Players Profiled

• India Growers (India)

• Myanmar Growers (Myanmar)

• Brazil Growers (Brazil)

• U.S. Growers (U.S)

• China Growers (China)

• Mexico Growers (Mexico)

• Tanzania Growers (Tanzania)

• Uganda Growers (Uganda)

• Great Northern Beans Ltd.  (U.S)

• Pinto Beans Inc.  (Brazil)

• Black Beans Exporters (Mexico)

• Chickpeas Producers (India)

INDUSTRIAL DEVELOPMENT

June 2023: Edible beans have absorbed a lot of industrial growth especially in the process of agriculture and food technology. The emphasis is still put on this part of the companies through conducting researches on the ways of increasing yield per bean, making the plants resistant to pests, and increasing their nutritional value. In addition, the enhancement of packaging technology makes the edible beans have long shelf-life; hence, consumers all over the world can easily access them. This in part has been made possible through cooperation of producers, suppliers, and traders in an effort to smoothen their supply chain and therefore cutting on costs thereby improving market growth rates in the industry.

REPORT COVERAGE

The following report will look at factors of the edible beans market including but not limited to market size and growth rate among others. Application and regional information are divided more comprehensively than the type’s division in the report or the major factors influencing the market’s development are described in the report. This report also provides the strategic profile of key market players, including information’s about their activity update and market share.

The report will assist in making of appropriate decisions concerning the edible beans market by the relevant business entities and stakeholders. It offers a clear understanding of market factors and its influence such as COVID-19, technology, and trends among others. That is why, possessing the forecast until 2032, the report will be useful to companies interested in the development of new sales areas in the edible beans market.