ID: MRFR/F-B & N/8856-HCR | February 2021 | Region: Global | 90 pages
Global Canned Beans Market size is projected to reach approximately USD 1.46 Billion by 2026, at a CAGR of 3.47% from 2020 to 2026. Canned beans are ready-to-eat beans that are blanched and sealed generally in tin cans with water and preservatives. Additives are added to increase their shelf life and maintain their color and texture over a long period. Canning is done for different types of beans such as black, navy, kidney, pinto, garbanzo, red, great northern, and cannellini beans. Canned beans are widely used in salad preparations, soups, stews, pasta, pizzas, chilis, and baked bean dishes. Beans are seeds that belong to the Fabaceae family, commonly known as legume, pea, or the bean family. High consumption of beans as an affordable and common source of protein, fiber, iron, and vitamins is expected to drive the global canned beans market during the forecast period.
The impact of COVID-19 has directly affected the distribution and sales of different products across industries. Many countries are under lockdown and have sealed their borders to curb the spread of the virus. The impact of COVID-19 on logistics has disrupted the supply of raw materials, which has further reduced production capacity and, thus, product shortages. These factors are expected to cause a price rise in canned beans in the short run. Moreover, canned beverages are generally purchased for high shelf life. The present pandemic scenario is encouraging consumers to stock products keeping in mind their limited availability in retail. These factors are directly impacting the supply and demand curve for canned beans.
Global Canned Beans Market has witnessed high growth in recent years. Canning of beans aims at preserving the product and increasing its shelf life. Industrially, bean grains are cleaned, hydrated, classified, blanched, packaged, with the addition of sauce or brine, seaming of cans, thermal processing, frozen, and labeled. The growth of the canned beans market across the world is attributed to the convenience of on-the-go and easy usage of various food items such as soups, salads, pasta, and many more. Additionally, the growing demand for plant-based food for its nutritional benefits and the rising trend of veganism have further fueled the global market growth in 2019. Beans are rich in amino acids, building blocks of protein, and are used by the body to heal and generate new tissues of bone, muscle, hair, skin, and blood. However, the presence of clinically relevant allergenic proteins in beans results in allergy for beans in certain consumers, which is expected to hamper the market growth during the forecast period.
Beans are an affordable and common source of protein, fiber, iron, and vitamins leading to several health benefits
By Distribution Channel
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Type, Category and Distribution Channel|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||The H. J. Heinz Company (US), Grandma Brown's Beans Inc. (US), Bush Brothers & Company (US), B&G Foods, Inc. (US), ConAgra Foods, Inc. (US), Del Monte Foods (US), American Garden (US), Windmill Organics Limited (UK), Bonduelle (France), Epicure (UK)|
|Key Market Opportunities||presence of clinically relevant allergenic proteins in beans results in allergy for beans in certain consumers|
|Key Market Drivers||
Frequently Asked Questions (FAQ) :
Global canned beans market is touted to record a substantial market valuation of USD 1.46 billion by 2026.
Global canned beans market is projected to register a moderate 3.47% CAGR in the forecast period.
The garbanzo beans segment is expected to observe substantial demand over the review period.
The store-based segment is slated to expand as the fastest-growing segment.
A few emminent market players operating in the global canned beans market are The H. J. Heinz Company (US), Grandma Brown's Beans Inc. (US), Bush Brothers & Company (US), among others.