IMARC Group, a leading market research company, has recently released a report titled Dry BeansMarket: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028. The study provides a detailed analysis of the industry, including the global dry beans market research report, share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How big is the dry beans market?
Market Size in 2022
Market Forecast in 2028
Growth rate (2023 to 2028)
CAGR of 4.3%
Base Year of the Analysis
Dry beans are a variety of plant legumes, including red kidney beans, navy beans, pinto beans, black beans, and great northern beans, among others. They are rich in protein, starch, fiber, minerals, and vitamins, making them a valuable addition to any diet. They are also available in sealed packaging bags or pre-cooked in cans and offer numerous health benefits, including improved digestion, weight loss, reduced blood sugar levels, enhanced immunity, and maintenance of low blood pressure. As a result, dry beans find extensive applications in households, restaurants, flour mills, and snack-manufacturing industries across the globe.
How big is the dry beans market?
The global dry beans market size reached US$ 6.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 8.7 Billion by 2028, exhibiting a growth rate (CAGR) of 4.3% during 2023-2028.
Current Trends Shaping the dry beans Market
The global dry beans market is primarily driven by rising product demand due to their economical price, which makes them a cost-effective source of protein, minerals, and vitamins compared to other pulses. Moreover, the surging adoption of vegan and gluten-free food options such as dry beans due to rising concerns of consumers about chronic lifestyle disorders is positively influencing the market growth.
Additionally, shifting consumer preferences from meat-based products to a plant-based protein diet has catalyzed market growth. Furthermore, rising awareness about the benefits of dry beans, including prolonged shelf life, easy storage, and high nutritional value, making them ideal for on-the-go food consumption patterns, is also augmenting the market growth. Other factors, including the rising popularity of bean flour in bakery products, rapid growth in the food processing industry, and the economical price of dry beans, are also anticipated to drive the market further.
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What is included in market segmentation?
The report has segmented the market into the following categories:
Bean Type Insights:
- Pinto Beans
- Black Beans
- Navy Beans
- Red Kidney Beans
- Great Northern Beans
Packaging Type Insights:
- Plastic Bags
Distribution Channel Insights:
- Supermarkets and Hypermarkets
- Speciality Stores
- Departmental Stores
- Convenience Stores
- Restaurants and Hotels
- Flour Industry
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- 21st Century Bean Processing LLC,
- Kelley Bean Co.,
- Hayes Food Products Inc.,
- Goya Food Inc.,
- Colin Ingredients,
- Harmony House Foods, Inc.,
- Eden Foods,
- Ruchi Foods LLP,
- Garlico Industries Ltd. (Garon Dehydrate Private Limited), etc.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
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