Global Dried Beans Market Report and Forecast 2024-2032

Global Dried Beans Market Outlook

The global dried beans market size reached approximately USD 2.29 billion in 2023. The market is projected to grow at a CAGR of 5.0% between 2024 and 2032, reaching a value of around USD 3.26 billion by 2032.

Key Takeaways

• 67% of respondents in a survey conducted by the Plant-Based Foods Industry Association (PBFIA), in 2023, consumed plant-based food products due to animal welfare.

• Reportedly, Australia stands as the largest exporter of chickpeas, covering about 1/3 of global exports.

• In 2023, India lifted additional tariffs on select US goods like chickpeas, lentils, and apples.

Beans are the seeds of legume plants, which belong to the Fabaceae family. Beans are an important part of vegetarians' diets as they are high in protein, carbohydrates, fibre, minerals, vitamins, and other nutrients. Dried beans are light and easy to transport. They make an excellent starter package for preparing a home-cooked supper in the kitchen.

Due to dried beans being an excellent source of protein, minerals, and vitamins, among other nutrients, the consumption of the product is rapidly increasing, especially among vegetarians and vegan consumers. The dried beans market expansion is also expected to surge during the forecast period owing to the shifting preference towards plant-based protein diets from meat-based products.

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Key Trends and Developments

Growing health consciousness; rising emphasis on sustainable cultivation; increasing demand for healthy convenience foods; and the growing adoption of veganism are impacting the dried beans market growth

Global Dried Beans Market Trends

One of the key factors aiding the market development is the growing focus on health and wellness, with consumers increasingly seeking nutritious food options. Dried beans, known for their high protein and fibre content, are benefiting from this shift, as they offer a healthy alternative to meat and other protein sources.

Another trend shaping the dried beans market is the rising demand for convenience foods. As consumers increasingly lead busier lifestyles, there is a growing appetite for ready-to-eat and easy-to-prepare dried bean products that do not sacrifice nutritional value for convenience. This trend complements the increasing popularity of plant-based diets, with more individuals turning to vegetarian and vegan lifestyles.

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Market Segmentation

“Global Dried Beans Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:

Owing to cost-effectiveness and lightweight, plastic bags are likely to be dominate the dried beans market share in the coming years

Plastic bags are expected to be the most widely utilised packaging for dried beans due to their lightweight nature, cost-effectiveness, and flexibility in size. Plastic bags are also efficient for sealing in freshness and protecting the beans from moisture and pests. However, concerns over plastic waste and environmental sustainability have impacted their popularity.

Glass jars stand as a great eco-friendly alternative packaging option in the dried beans market. They are reusable, recyclable, and do not leach chemicals into the beans. Jars also provide a premium look and feel, which can appeal to consumers looking for quality products.

Consumers are increasingly shopping from supermarkets and hypermarket owing to the availability of a wide range of products

Supermarkets and hypermarkets are among the most significant distribution channels in the dried beans market, providing consumers with a wide variety of options in terms of types, brands, and packaging sizes. These large retail stores benefit from high foot traffic, making them an ideal place for consumers to discover and purchase dried beans during their routine shopping.

Shopping in these outlets allows consumers to compare different brands and prices easily, access promotional deals, and buy other groceries in one trip, enhancing convenience. Meanwhile, e-commerce platforms are anticipated to register high growth during the forecast period owing to the sheer level of convenience it provides to the consumers. Additionally, online shopping can cater to niche markets, offering organic, non-GMO, or specialty beans that might not be available in physical stores.

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Competitive Landscape

Major players in the dried beans market are expanding their product offerings and diversifying product portfolios

Several dried beans market players are increasingly innovating to diversify their product portfolio. Recognising the shifting consumer preferences towards healthier and more sustainable eating habits, these firms are expanding their product lines to include organic, non-GMO, and speciality beans. This strategy not only caters to the growing demand for health-conscious options but also appeals to a broader audience seeking variety in their diets.

Global Dried Beans Market Analysis by Region

Due to the large agricultural production in developing nations like India and China, the Asia Pacific is likely to hold a significant market share in the coming years. The major economies contributing to the regional growth of the market include India, China, and Japan.

The factors driving the growth of the market in the Asia Pacific include a significant rise in the consumption of dried beans due to their several benefits, increasing consumption of healthy snacks, and increasing health consciousness among consumers. The production is further expected to increase with increasing domestic demand during the forecast period. The growing need for dried beans in both the domestic and international markets and the increased demand from the processing industries are the main factors driving the market in India.

Meanwhile, in North America, the United States is the potential market for dried beans. The North America dried beans market is being driven by the presence of agricultural land suitable to cultivate dry beans in the region. In addition, the presence of the key market players in the region, particularly the United States, further boosts the growth of the regional market.

Key Highlights of the Report