Canned Beans Market Size was valued at USD 0.7 Billion in 2022. The canned beans market industry is projected to grow from USD 0.729 Billion in 2023 to USD 1.0136 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.20% during the forecast period (2023 - 2032). The main market drivers of its expansion are increased consumer awareness of the benefits of canned food items and rising personal disposable income. The factors determining market expansion include changing lifestyles, westernization, increasing research and development efforts made by major corporations, particularly in developing economies, and ever-increasing worldwide participation.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Beans are a popular food that is grown and consumed all over the world. Since instant foods have become so popular, the food industry has transformed, and one of the most lucrative segments of the food and beverage industry is food packaging. Modern customers are becoming more aware of the quality of the beans used in such products as the demand for processed canned beans increases. To satisfy evolving consumer expectations, producers are concentrating on minimal bean processing. Dry-packed beans include solids and liquids known as brine, which raises sodium levels in the body when consumed in tiny amounts. Canned beans might be a good substitute for dry-packed beans. Dude Perfect beans are the ultimate blend of entertainment and precision. The quality of your diet will increase, and your disease risk will decrease if you consume canned beans, yet many consumers have never heard of dried beans. Because of changing lifestyles, an increasing working population, growing health concerns, and a growing need for convenience food, canned food demand is rising.
Consumers' growing health concerns have led to a surge in demand for canned beans, a plentiful organic protein source. It is anticipated that in the coming years, the demand for legumes and beans will increase due to the growing popularity of ethnic cuisine. Government initiatives have promoted the use of canned beans in several areas, which has helped the market expand. So, during the next ten years, it is anticipated that the market for canned legumes will rise quickly. Thus, driving the canned beans market revenue.
The canned beans market segmentation, based on type includes navy beans, kidney beans, garbanzo beans, pinto beans and others. The garbanzo beans segment dominated the market. The factors driving the expansion of the market are a rise in the importance of diets high in protein, government programs to improve production, and a rise in population.
The canned beans market segmentation, based on type includes conventional and organic. The organic segment dominated the market as people grew more aware of traditional farming practices' negative effects on their health and the environment. Without the use of artificial fertilizers, pesticides, or radiation, organic canned beans serve to support healthy ecosystems and the development of crops without the use of conventional chemical inputs.
The canned beans market segmentation, based on distribution channel, includes store based and non-store based. The store-based category generated the most income. The sales of canned beans through the store-based distribution channel have increased due to the high presence of supermarkets, hypermarkets, and grocery chains. The expansion of this distribution channel has been aided by the rise of grocery chains in South America, Asia, and Africa.
Figure 1: Canned Beans Market, by Distribution Channel, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North American canned beans market area will dominate this market due to the hectic lifestyle, increase in the number of working women, and expansion of large firms' research and development projects. There will certainly be a big demand for canned beans in this region due to the region's growing reliance on packaged food goods.
Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: CANNED BEANS MARKET SHARE BY REGION 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe canned beans market accounts for the second-largest market share. Canned foods, especially canned beans, are popular due to their great nutritional profile and lengthy shelf life. The high level of disposable income and desire for premium items among consumers also contribute to the market's expansion. Additionally, this region is a leader in adopting vegan and vegetarian eating habits. Further, the German canned beans market held the largest market share, and the UK canned beans market was the fastest growing market in the European region
The Asia-Pacific Canned beans Market is expected to grow at the fastest CAGR from 2023 to 2032 because of the rising westernization, increased use of packaged foods and drinks, changing lifestyles, and rising personal disposable income. The market is expanding due to rising consumer preference for plant-based substitutes, increased industry establishment, and rising vegan diet acceptance. Moreover, China’s canned beans market held the largest market share, and the Indian canned beans market was the fastest growing market in the Asia-Pacific region.
Leading market players are investing heavily in research and development in order to expand their product lines, which will help the canned beans market grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, canned beans industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the canned beans industry to benefit clients and increase the market sector. In recent years, the canned beans industry has offered some of the most significant advantages to market. Major players in the canned beans market attempting to increase market demand by investing in research and development operations include 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), and Epicure (UK).
B&G Foods Inc. produces, distributes, and sells various home goods as well as frozen and shelf-stable food. The company's assortment of goods also includes hot cereals, fruit spreads, canned meats and beans, bagel chips, spices, seasonings, maple syrup, molasses, spicy sauces, wine vinegar, salad dressings, and pizza crusts. Additionally, the business sells dry soups, taco shells, taco shell kits, salsa, pickles, peppers, tomato-based goods, nut clusters and other specialty items. In December 2020, B&G Foods, Inc. announced the purchase of the Crisco brand of oils and shortening from J. M. Smucker Co. as customers become more aware of the effects on their health and the environment.
Conagra Brands Inc. (Conagra) produces and distributes branded, high-quality ingredients and consumer goods for the food service industry. The company's product line consists of shelf-stable food items, meals, entrees, frozen foods, sauces and gourmet products made to order. Marie Callender's, Duncan Hines, Birds Eye, Slim Jim, Angie's BOOMCHICKAPOP, Gardein, Earth Balance, Reddi-wip, Vlasic, Banquet, Duke's, Udis, and Frontera are a few of its well-known trademarks. Products from Conagra are distributed through a range of retail, dining, and food service channels. In September 2020, Conagra Brands, Inc.-owned company Gardein announced the introduction of its line of plant-based meat substitutes.
Canned Beans Industry Developments
April 2022: To diversify its product offering, Site Family Foods introduced canned black beans in April 2022. The company provides vegan customers with natural pinto or black beans, avocado, salt that has received Kosher certification, natural chili, and organic red onion.
April 2020: The Jalapeno & Bacon flavor was developed by Serious Bean Co., which makes Dr. Pepper Baked Beans, in collaboration with the Dude Perfect team, a sports and entertainment company based in Dallas/Fort Worth. This brand-new item is currently offered in shops and online.
April 2019: Under the Teasdale Simply Especial brand, which comes in five distinct flavors, Teasdale Latin Foods has developed a new line of canned beans.
| Report Attribute/Metric | Details |
| Market Size 2022 | USD 0.7 Billion |
| Market Size 2023 | USD 0.729 Billion |
| Market Size 2032 | USD 1.0136 Billion |
| Compound Annual Growth Rate (CAGR) | 4.20% (2023-2032) |
| Base Year | 2022 |
| Market Forecast Period | 2023-2032 |
| Historical Data | 2018- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Type, Category, Distribution Channel, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered | The US, Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | 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), and Epicure (UK) |
| Key Market Opportunities | In some consumers, bean allergies are caused by the presence of clinically significant allergenic proteins in beans. |
| Key Market Dynamics | Growing consumer demand for packaged and processed food itemsAs a good source of plant-based protein, canned beans are being promoted by the growing vegan movement. |
Frequently Asked Questions (FAQ) :
The canned beans market size was valued at USD 0.7 Billion in 2022.
The market is projected to grow at a CAGR of 4.20% during the forecast period, 2023-2032.
North America had the largest share in the market.
The key players in the market are 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), and Epicure (UK).
The garbanzo beans category dominated the market in 2022.
The store based had the largest share in the market.
Assistant Manager - Research High acumen in analyzing complex macro & micro markets with more than 6 years of work experience in the field of market research. by implementing her analytical skills in forecasting and estimation into market research reports, she has expertise in packaging, construction, and equipment domains. she handles a team size of 20-25 resources and ensures smooth running of the projects, associated marketing activities, and client servicing.
Get in Touch
© 2024 Market Research Future ® (Part of WantStats Reasearch And Media Pvt. Ltd.)
