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Global Canned Beans Market growing at a CAGR of 5.8% from 2023 to 2031

Category : Food And Beverages | Published Date : Nov 2023

Key Market Overview

Consegic Business Intelligence analyzes that the canned beans market is predicted to grow at a compound annual growth rate of 5.8% from 2023 to 2031 and is expected to reach USD 4,326.55 million in 2031 which was valued at USD 2,622.73 million in 2022 and 2,764.27 million in 2023.

The report highlights the significant increase in consumer preference for plant-based proteins, which is augmenting the global market growth. Consegic Business Intelligence study also provides insights into the market's competitive landscape, market segmentation, regional outlook, and emerging technologies in the canned beans market.

Global Canned Beans Market By Overview

Global Canned Beans Market

The canned beans market is bifurcated into as type, product type, and distribution channel. Based on type, the market is segmented into navy beans, kidney beans, garbanzo beans, pinto beans, lima beans, black beans, and others. In 2022, the pinto beans segment accounted for the highest market share of 29.85% in the canned beans market. The product type segment is bifurcated into organic and conventional. In 2022, the conventional segment accounted for the highest market share in the canned beans market. On the basis of distribution channel, the market is categorized into online and offline. In 2022, the offline segment accounted for the highest market share in the canned beans market.

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Market Dynamics

Driver:

 

  • Increasing health benefits associated with canned beans is accelerating the market growth.
  • Growing preference for convenient food meals has augmented the demand for canned beans.

 

Restraints:

  • Growing preference for dried beans among consumers is likely to restrict the market growth.

Market Segmentation:

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, Europe, Asia-Pacific, Latin America, and Middle East & Africa

Competitive Landscape :

The market is dominated by certain major companies such as The Kraft Heinz Company, Del Monte Foods, Inc, La Doria S.p.A., among others which have a strong market position in the current market circumstances. These companies are continuously leveraging new technologies to develop innovative solutions. Furthermore, the canned beans market is expected to witness substantial growth in the coming years due to the increasing preference for plant-based proteins. The market is characterized by intense competition, with companies focusing on expanding their product offerings and increasing their market share through mergers, acquisitions, and partnerships.

  • 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.)