The global canned beans market is projected to reach US $15 billion by 2033, expanding at a high-value CAGR of 10.3% from 2023 to 2033, according to a new report by industry experts. The market, valued at US $5.65 billion in 2023, is expected to grow rapidly over the next decade due to several major factors.

One of the key drivers of growth is the development and expansion of the food and beverage industry, which has seen an increasing demand for convenient and bottled packaged foods. Additionally, consumers are becoming more aware of the various benefits that different types of beans can provide, and their increased purchasing power resulting from rising disposable income has boosted sales of canned beans.

Heinz Baked Beanz Can for sale in USA |Scottish Gourmet USA

The report highlights that government initiatives promoting the consumption of legumes are also contributing to the high demand for canned beans. In 2016, the UN General Assembly proclaimed the International Year of Pulses, which has enhanced awareness of the nutritional benefits of pulses, including beans and other legumes.

Click For PDF: More Canned Beans Business Insights

These low-fat, cholesterol-free, and saturated-fat-free products have experienced a surge in demand, particularly among individuals following vegan and vegetarian diets.

The rise of instant foods has also played a significant role in the growth of the canned beans market. With the growing demand for processed canned beans, modern consumers are paying closer attention to the quality of the beans used in such products. Manufacturers are focusing on minimal processing of beans to meet the changing expectations of consumers.

Canned beans can be an effective replacement for dry packed beans, which contain solids and liquids known as brine, which, when taken in small amounts, raise sodium levels in the body. Eating canned beans improves diet quality and reduces health risks, but many customers are not familiar with the idea of dried beans.

Click to Buy The Detailed Report

As such, the report predicts a rapid growth of the global canned legume market over the next decade, driven by lifestyle changes, an increase in the working population, rising health concerns, and a growing need for convenience food.

Competitive Landscape:

The canned beans market is highly competitive, with many companies vying for market share. The major players in the market include Bush Brothers and Company, Luck's Beans, Van Camp's, and Heinz Baked Beans. These companies are employing various growth tactics to enhance their market position, including corporate buying and selling, product launches, and strategic alliances.

Segmentation:

The canned beans market is segmented by type into kidney beans, lima beans, black beans, baked beans, and others. The market is further categorized by conventional and organic categories. The market is segmented by distribution channel into store-based (supermarkets and convenience stores) and non-store-based. Lastly, the market is segmented by region into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa.

Conclusion:

The global canned beans market is projected to grow at a high-value CAGR of 10.3% from 2023 to 2033, reaching a value of US$ 15 billion by the end of 2033. The market growth is fueled by several factors, including the development and expansion of the food and beverage industries, increasing consumer awareness of the nutritional benefits of canned beans, and rising demand for nutrient-rich instant food due to a growing working population. The competitive landscape is intense, with companies such as Bush Brothers and Company, Luck's Beans, Van Camp's, and Heinz Baked Beans leading the market. The market is segmented by type, category, distribution channel, and region, providing a comprehensive view of the industry's structure.

Global Canned Beans Market to Value $15 Billion by 2033: Factmr