Dry Beans Market by Bean Type (Black Beans, Chickpeas, Kidney Beans), Application (Commercial, Residential), Distribution Channel - Global Forecast 2024-2030

Dry Beans Market by Bean Type (Black Beans, Chickpeas, Kidney Beans), Application (Commercial, Residential), Distribution Channel - Global Forecast 2024-2030

The Dry Beans Market size was estimated at USD 9.03 billion in 2023 and expected to reach USD 9.44 billion in 2024, at a CAGR 4.67% to reach USD 12.43 billion by 2030.

Dry beans, also known as legumes, encompass various seeds from various plant families harvested, dried, and stored for culinary use across different cultures worldwide. Renowned for their nutritional benefits, dry beans are a cost-effective source of protein, fiber, iron, and antioxidants, supporting varied diets from vegetarian to meat-based. Their ability to thrive in diverse climates makes them integral to agricultural markets globally, while their long shelf-life and versatility in cooking—from soups and stews to salads and main dishes—enhance their popularity among consumers seeking healthy, sustainable food options. This synthesis highlights their importance in global food security and culinary diversity, which are essential considerations for stakeholders in the food industry. Increasing awareness about the health benefits associated with the consumption of dry beans drives market growth. As consumers increasingly prefer organic and non-GMO foods, producers have the opportunity to diversify offerings to cater to this market segment. However, bean cultivation is susceptible to climatic variations and extreme weather conditions, impacting yield volumes and market stability. The dependency on agricultural conditions can lead to fluctuation in beans' prices, which may deter budget-sensitive consumers. Moreover, improvements in farming techniques and crop yields have facilitated increased production of dry beans. Developing packaging that extends shelf life or enhances convenience can attract more consumers.

Regional Insights

In the Americas, the United States and Canada are notable markets for dry beans. The United States has a diverse pinto, navy, and black bean market spurred by a growing Hispanic population and an increasing trend toward plant-based diets. Health trends heavily influence consumer purchasing, with organic and non-GMO labeled products gaining traction. The EMEA’s consumption of dry beans varies significantly across its member states. Mediterranean countries such as Italy and Spain have a higher intake due to their traditional diets. The EU has actively regulated and promoted organic farming, which influences bean production and consumption trends across the region. In the Middle East, beans are a staple in many traditional dishes. The demand for fava beans and chickpeas primarily drives the market. Recent investments have focused on improving irrigation techniques and sustainable farming practices, crucial in a region beset by water scarcity issues. Moreover, the Asia Pacific region, encompassing countries such as China, Japan, and India, exhibits unique consumer needs and purchasing behaviors in the dry beans market. In China, the demand for dry beans, particularly red and mung beans, is driven by traditional cuisine and a growing interest in health-focused dietary patterns. On the other hand, Japan has a significant intake of adzuki beans, which are used in many traditional sweets and desserts. Consumer behavior in Japan is influenced by an aging population preferring easy-to-cook and nutritious food options. India’s dry beans market, dominated by various types of lentils, is driven by the staple status of these items in the Indian diet. The growing retail sector and improved distribution channels have made dry beans more accessible to Indian consumers, increasing consumption.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Dry Beans Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers

Rising consumer preference for plant-based protein sources
Increasing applicability of dry beans in food industry

Market Restraints

Supply chain issues and cost fluctuations in dry beans

Market Opportunities

Advancements in agricultural practices for improving crop yield
Packaging innovations and development of value-added products using dry beans

Market Challenges

Adulteration issues and storage concerns associated with dry beans

Market Segmentation Analysis

Bean Type: Utilization of chickpeas and pinto beans in culinaries due to their creamy texture properties
Application: Increasing usage of dry beans in residential kitchen owing to their nutritional health benefits

Market Disruption Analysis

Porter’s Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Dry Beans Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Dry Beans Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

Nestlé Collaborates with Cargill and ETG | Beyond Beans in Sustainable Cocoa Initiatives

Nestlé has collaborated with Cargill and ETG | Beyond Beans to launch two significant environmental sustainability projects targeting reducing and removing carbon emissions within its cocoa supply chains. These initiatives advance regenerative agricultural practices and promote reforestation in environmentally degraded areas around cocoa farming communities. This strategic collaboration aims to enhance ecological well-being and sustainability in cocoa production.

AGT Foods Africa Enhances Seed Portfolio with Acquisition of Pannar Dry Bean Seeds

AGT Foods Africa, a player in the agriculture market, announced its acquisition of the dry bean seed division from Pannar Seed (Pty) Ltd. This strategic move aims to enhance AGT Foods Africa's seed portfolio while strengthening its market position in the agronomic sector. This acquisition is expected to bolster the company's offerings and capabilities, providing farmers with a broader range of high-quality seed options that promise improved yield and sustainability. Integrating Pannar's reputable dry bean seeds into AGT's product lineup signifies a notable advancement in their commitment to agricultural innovation and customer service excellence.

Expanded Crop Insurance Programs for Dry Beans and Peas Announced in Key U.S. States

The U.S. Department of Agriculture's Risk Management Agency (RMA) has announced its crop insurance program to include enhanced coverage options for dry bean and pea growers starting in the 2024 crop year. These updates, focused on select counties within Colorado, Nebraska, Wyoming, Minnesota, and Michigan, aim to provide better risk protection for producers of these crops. This initiative reflects the USDA's commitment to supporting the agricultural sector by adapting insurance services to the needs of farmers in specific regions.

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Dry Beans Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Dry Beans Market, highlighting leading vendors and their innovative profiles. These include Adams Group, Amy’s Kitchen, Archer Daniels Midland Company, Bartlett and Company, Bob's Red Mill Natural Foods, Bunge Limited, Bush Brothers & Company, Camellia PLC, Cargill, Incorporated, CHS Inc., Conagra Brands Inc., ED&F Man Holdings Ltd., F. Gavina & Sons, Inc., General Mills Inc., Goya Foods, Inc., Kraft Heinz Company, Luigi Lavazza S.P.A., McCormick & Company, Inc., Mitchell’s Gourmet Foods Inc., Mitthi Foods, Morton Canning Co., Nestlé S.A., Olam International, Randall Beans, The Kellogg Company, and The Scoular Company.

Market Segmentation & Coverage

This research report categorizes the Dry Beans Market to forecast the revenues and analyze trends in each of the following sub-markets:

Bean Type
Black Beans
Chickpeas
Kidney Beans
Lentils
Navy Beans
Pinto Beans
Application
Commercial
Residential
Distribution Channel
Offline Channels
Convenience Stores
Supermarkets & Hypermarkets
Online Channels
Region
Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam
Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom

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