Canned Beans Market

Canned Beans Market Insights

The canned beans market is analyzed to achieve peremptory progress in CAGR by 4.0% during the forecast period (2020-2026). Canned beans are blanched and sealed with preservatives and additives. The taste, texture, and longevity of canned beans are because of the addition of preservatives and additives. Canned beans are generally used in salads, stews, pizzas, wraps, soups, pasta, and baked bean dishes. Beans belong to the Fabaceae family, known as the legumes. One of the key influencers contributing to the growth of the market is the high nutritional value and cost effectivity of canned beans. During the COVID-19, the production of cereals and legumes was impacted due to a halt in the operations of various verticals such as manufacturing, government, automotive, agriculture.  But the canned beans market took an uplift due to the availability of the product in offline and online stores. Hence, it is estimated to surmount high in the forecast period. Public awareness towards a healthy diet, an increase in population, and the expansion of retail industries are the impact makers of the global canned goods market.

Canned Beans Market: By Type

Kidney beans, pinto beans, navy beans, garbanzo beans, and others are the types of beans in the canned beans market. The garbanzo beans segment will tend to dominate the market. An increase in the importance of protein-based diets, government initiatives to boost production, and a rise in population is the propellors leading to the escalation of the global market.

Canned Beans Market: By Type of Category

Based on the type of category, conventional and organic canned beans are the division of the global market. Conventional canned beans are represented to be the fastest-growing segment in the forecast period. The rise in the popularity of ethnic foods, the requirement for a nutritional diet, cost-effectiveness are the accelerators aiding the enlargement of the market.

Canned Beans Market: By Type of Distribution Channel

The market segmentation based on the type of distribution channel is store-based and non-store based respectively where, supermarkets & hypermarkets, convenience stores, and others are the classifications of store-based canned beans market. The non-store-based distribution channel is the largest shareholder in the forecast years. The rise in health concerns, an increase in the operation of e-commerce enterprises, and the adoption of vegetarian diets are the factors inducing the growth of the global market.

Canned Beans Market: By Region

 Based on the geographical analysis, North America has persisted to be a favored region yet, the Asia Pacific is followed to make remarkable development in the global market. The increasing popularity of the vegan diet, increase in setting up of industries, increasing end-user preference for plant-based alternatives are the drivers steering the growth of the market.

Canned Beans Market Share and Competitor Analysis

The H. J. Heinz Company, Grandma Brown's Beans Inc., Bush Brothers & Company, B&G Foods Inc., ConAgra Foods Inc., Del Monte Foods, American Garden, Windmill Organics Ltd., Bonduelle, Epicure, and other industries are the prominent players of the global canned beans market.

Please note: This is not an exhaustive list of companies profiled in the report.

In July 2019, as per the USDA, the production of the U.S. dry beans declined by 16%.

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