Global Canned Beans Market, By Type (Navy Beans, Kidney Beans, Garbanzo Beans, Pinto Beans, Lima Beans, Black Beans, and Others), Category (Conventional and Organic), Distribution Channel (Store- Based and Non- Store Based), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2029.
Market Analysis and Insights: Global Canned Beans Market
Data Bridge Market Research analyses that the global canned beans market will project a CAGR of 10.30% for the forecast period of 2022-2029. Growth and expansion of the food and beverages industry, growing focus on innovations by the food and beverages sector, rising consumer consciousness towards convenient and canned food products, surging awareness about the benefits of different kinds of beans and increasing personal disposable income by the major companies are the major factors attributable to the growth of canned beans market. Therefore, the market value, which was USD 4.2 billion in 2020, would rocket up to USD 10.14 billion by 2029.
From the name itself, it is clear that canned beans are the beans that are stored and packaged into cans. The beans in the cans are stored with salt, water and some preservatives that help to maintain the colour, texture and freshness of the beans. Canned beans are ready to eat beans and are available via both online and offline modes of distribution.
Rising personal disposable income and growing consumer consciousness towards advantages of canned food products are the major factors fostering the growth of the market. Changing lifestyle, westernization, rising research and development initiatives taken by major companies especially in the developing economies and ever-rising global participation are acting as market growth determinants. Improving distribution channel, rising demand for organic food items, rising customer demand for ready to eat food products, ever-rising growth of retail sector in the developing economies, surging health consciousness among consumers and changing tastes and preferences of consumers will further induce growth in the market value.
However, a large chunk of population is allergic to beans and this will pose a major challenge to the growth of the market. Fluctuations in the prices of raw materials and supply chain disruptions owing to the pandemic will further restrict the scope of growth for the market. Growing application of artificial flavours in canned beans, rising demand for fresh food products, high costs associated with these products and rise in the cost of research and development activities will also hamper the market growth rate.
This canned beans market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on canned beans market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Canned Beans Market Scope and Market Size
The canned beans market is segmented on the basis of type, category and distribution channel. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, the canned beans market is segmented into navy beans, kidney beans, garbanzo beans, pinto beans, lima beans, black beans, and others.
- On the basis of category, the canned beans market is segmented into conventional and organic.
- On the basis of distribution channel, the canned beans market is segmented into store- based and non- store based. The store- based segment is segmented into supermarkets and hypermarkets, convenience stores and others. The non- store based segment is segmented into e-commerce platforms and company owned websites.
Canned Beans Market Country Level Analysis
The canned beans market is analyses and market size, volume information is provided by country, type, category and distribution channel as referenced above.
The countries covered in the canned beans market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America region dominates the canned beans market and will continue to flourish its trend of dominance during the forecast period owing to the busy lifestyle, growth in the number of working women and increase in the research and development initiatives taken by major companies. Asia-Pacific is set to register a high growth rate during the forecast period and score the highest CAGR owing to the increasing adoption of packaged food and beverages, rising westernization, changing lifestyle, and increasing personal disposable income.
The country section of the canned beans market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Canned Beans Market Share Analysis
The canned beans market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to canned beans market.
Some of the major players operating in the canned beans market are Nestlé, Del Monte Food, Inc, Dole Food Company, Inc., The Kraft Heinz Company, RFG Foods., Seneca Foods, Ayam Sarl., HANOVER FOODS., Tropicana Products, Inc., Conagra Brands, Inc., Epicure, BONDUELLE, B&G Foods, Inc., BUSH BROTHERS & COMPANY., American Garden, Windmill Organics, Ontario Orchards, General Mills Inc., The Kroger Co. and Hain Celestial among others.
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