Global Dry Beans Market Overview
Dry Beans Market Size was estimated at 15.33 (USD Billion) in 2022. The Dry Beans Market Industry is expected to grow from 15.92(USD Billion) in 2023 to 22.3 (USD Billion) by 2032. The Dry Beans Market CAGR (growth rate) is expected to be around 3.82% during the forecast period (2024 - 2032).
Source Primary Research, Secondary Research, MRFR Database and Analyst Review
Key Dry Beans Market Trends Highlighted
The dry beans market is expected to witness steady growth as factors such as increasing need from random markets and healthy eating trends continue to drive the market. Population growth and urban migration in most parts of the world, especially in developing countries, are some of the market growth drivers since, in most cultures, dry beans are the predominant source of food.
Even so, an increase in the health consciousness of people due to the high fiber and protein-content of dry beans is also driving the sales in the developed economies. Furthermore, changes in agricultural technology and updating of post-harvest equipment and practices are also positively shaking the market by enhancing the quantity and quality of crops grown. Some avenues of growth are possibly related to the growth of the e-commerce industry, the development of new product lines, and the marketing of dry beans as a healthy diet. Up to present, the private label organic dry beans market is more competitive, the market trend towards convenience products is on the increase, and new types of packaging are being developed.
Dry Beans Market Drivers
Rising Demand for Plant-Based Protein
One of the significant drivers for the dry beans market industry is the increasing consumer preference for plant-based protein. As people become more health-conscious and seek to adopt more sustainable dietary options, beans, in particular, are gaining in popularity. They are an excellent source of protein in addition to being rich in fibers and essential for the health of human beings. Notably, beans are critical to the cuisine around the world and can be found in various dishes, from soups and salads to tacos and burritos.This trend is expected to continue, fostering the growth of the market in the future.
Expanding Applications in Food Processing
The expanding applications of dry beans in the food processing industry are another significant driver of market growth. Dry beans are increasingly used as ingredients in various processed food products, such as soups, canned beans, and bean-based snacks. The growing demand for convenience foods and ready-to-eat meals has contributed to the increased use of dry beans in these applications. Moreover, the use of dry beans as a thickener and stabilizer in sauces and gravies has further expanded their utility in the food processing sector.This trend is anticipated to continue, driven by the rising popularity of processed and convenience foods.
Government Initiatives and Support
Government initiatives and support for the production and consumption of dry beans are also contributing to market growth. Governments recognize the nutritional value and affordability of beans and are implementing programs to promote their cultivation and consumption. These initiatives often involve providing subsidies to farmers, promoting research and development in bean production, and educating consumers about the health benefits of beans. Such government support is expected to continue in the future, further driving the growth of the dry beans market industry.
Dry Beans Market Segment Insights
Dry Beans Market Type Insights
The Dry Beans Market is segmented by Type as Common Beans, Navy Beans, Kidney Beans, Pinto Beans, and Black Beans. The common beans segment accounted for the largest share of the Dry Beans Market in 2023, and it is expected to continue to dominate the market during the forecast period. Common beans are a versatile and inexpensive source of protein, and they are used in a huge variety of dishes all over the world. The navy beans segment is expected to see significant growth during the forecast period as they are becoming more commonly used in salads, soups, and other recipes.Kidney beans are another very popular type of dry bean, and they are often used in chili and other Mexican dishes. Pinto beans are a traditional ingredient in a wide range of Latin American cuisines, and they are also becoming more and more popular in other parts of the world. Black beans are a good source of antioxidants, and they are often used in vegetarian and vegan dishes. This growth is expected to be driven by the increasing demand for plant-based proteins, the rising popularity of ethnic cuisines, and growing awareness of the health benefits of dry beans.The Dry Beans Market is very competitive, and there are a number of major players in the market. Some of the key players in the market include Archer Daniels Midland Company, B Foods, Inc., and The Hain Celestial Group, Inc.
Source Primary Research, Secondary Research, MRFR Database and Analyst Review
Dry Beans Market Grade Insights
The Dry Beans Market is segmented by Grade into Choice, Fancy, US No. 1, and US No. 2. The Fancy segment amounted to over 30% of the market revenue in 2023, which was the largest share of the market as compared to all other sectors. All grades of dry beans, however, are expected to experience growth, with the Choice segment's revenue expected to increase the most quickly. The US No. 1 and US No. 2 sectors are also expected to experience growth, which will be driven by the growing demand from the food processing industry. The increased consumer awareness of the health benefits of dry beans, their growing disposable income, and the expansion of the emerging market will drive the demand for all grades of dry beans.
Dry Beans Market Size Insights
The Dry Beans Market is segmented by size into Small, Medium, Large, and Extra Large. The Medium segment is expected to hold the largest share of the market in 2023 and is projected to continue to register a CAGR of 3.5% through 2032. The increasing demand for medium-sized dry beans for use in soups, salads, and other dishes is driving the growth of this segment. The Small segment is expected to experience the fastest growth over the forecast period, with a CAGR of 4.2%. This growth is being driven by the increasing popularity of small-sized dry beans in snacks and other convenience foods.The Large and Extra Large segments are expected to grow at a steady pace over the forecast period, with CAGRs of 3.3% and 3.1%, respectively.
Dry Beans Market Cultivation Method Insights
The Dry Beans Market is segmented based on Cultivation Method into Organic, Conventional, Non-GMO, and Heirloom. Among these segments, the Organic segment is projected to lead the market with a CAGR of 4.2% during the forecast period. The increasing consumer preference for organic food products due to their perceived health benefits is driving the growth of this segment. Moreover, the rising demand for organic dry beans from food processors and manufacturers is further contributing to the growth of the Organic segment in the Dry Beans Market.In 2023, the Organic segment accounted for a revenue share of 28.5% in the Dry Beans Market, and it is estimated to reach a revenue share of 35.1% by 2032.
Dry Beans Market Packaging Insights
The Dry Beans Market segmentation by Packaging comprises Canned, Dried, Frozen, and Bulk. Canned Dry Beans accounted for the largest revenue share in 2023, and it is expected to maintain its dominance throughout the forecast period. The growth of the Canned segment can be attributed to the increasing demand for convenient and ready-to-eat food products. Dried Dry Beans held the second-largest revenue share in 2023. This segment is expected to witness steady growth over the forecast period due to its affordability and long shelf life. Frozen Dry Beans accounted for a smaller revenue share in 2023, but it is projected to grow at a significant CAGR during the forecast period.The growth of the Frozen segment can be attributed to the rising popularity of frozen food products and the growing preference for preservative-free food options. Bulk Dry Beans accounted for a relatively small revenue share in 2023, and it is expected to grow at a moderate CAGR during the forecast period. The growth of the Bulk segment can be attributed to the increasing demand from food manufacturers and bulk buyers.
Dry Beans Market Regional Insights
The regional segmentation of the Dry Beans Market offers valuable insights into the market's geographical distribution and growth potential. North America held a significant share of the market in 2023 and is projected to continue its dominance throughout the forecast period. The region's well-established food industry, increasing demand for plant-based proteins, and growing awareness of the nutritional benefits of dry beans contribute to its strong market position. Europe is another key region, with a large consumer base and a growing preference for healthy and convenient food options.The APAC region is expected to witness substantial growth over the coming years, driven by rising disposable incomes, changing dietary patterns, and increasing urbanization. South America and the MEA region also present opportunities for market expansion due to their growing populations and evolving food consumption trends.
Source Primary Research, Secondary Research, MRFR Database and Analyst Review
Dry Beans Market Key Players And Competitive Insights
Major players in the Dry Beans Market industry strive to maintain their market position through innovations and expansions. Leading Dry Beans Market players adopt various strategies to strengthen their market presence, such as expanding production capacity, forming strategic alliances, and acquiring other companies. Dry Beans Market development is driven by the growing demand for plant-based proteins and the increasing popularity of healthy food options. The Dry Beans Market Competitive Landscape is characterized by the presence of both well-established players and regional participants.McCain Foods is a leading company in the Dry Beans Market industry with a strong presence in North America and Europe. The company offers a wide range of Dry Beans products, including frozen, canned, and dehydrated beans. McCain Foods focuses on innovation and sustainability to meet the evolving needs of its customers. The company has implemented various initiatives to reduce its environmental footprint and promote sustainable farming practices.Another major competitor in the Dry Beans Market is the Bush Brothers Company. Bush Brothers is a family-owned company with over 100 years of experience in the food industry. The company is known for its high-quality Dry bean products, including canned beans, chili beans, and refried beans. Bush Brothers Company has a strong brand reputation and a loyal customer base. The company is committed to providing its customers with nutritious and affordable Dry Beans products.
Key Companies in the Dry Beans Market Include
Dry Beans Market Industry Developments
The dry beans market is expected to reach USD 22.3 billion by 2032, exhibiting a CAGR of 3.82% between 2024 and 2032. Rising health consciousness and increasing demand for plant-based protein sources are driving market growth. Key industry participants are focusing on product innovation and expanding their geographical presence to cater to growing consumers. Recent developments include collaborations between industry players to enhance production and distribution capabilities, as well as investments in research and development to create new dry bean varieties with improved nutritional value and yield.
Dry Beans Market Segmentation Insights
Dry Beans Market Type Outlook
Dry Beans Market Grade Outlook
Dry Beans Market Size Outlook
Dry Beans Market Cultivation Method Outlook
Dry Beans Market Packaging Outlook
Dry Beans Market Regional Outlook
North America
Europe
South America
Asia-Pacific
Middle East and Africa
| Report Attribute/Metric | Details |
| Market Size 2022 | 15.33(USD Billion) |
| Market Size 2023 | 15.92(USD Billion) |
| Market Size 2032 | 22.3(USD Billion) |
| Compound Annual Growth Rate (CAGR) | 3.82% (2024 - 2032) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year | 2023 |
| Market Forecast Period | 2024 - 2032 |
| Historical Data | 2019 - 2022 |
| Market Forecast Units | USD Billion |
| Key Companies Profiled | Bejo Zaden B.V, S Seed Company, DLF Seeds India Pvt Ltd, Bayer CropScience AG, Corteva Agriscience, Olam International, BASF SE, KWS SAAT SEÂ Co. KGaA, Syngenta AG, Limagrain Group, Sakata Seed America, Inc., Advanta Seeds |
| Segments Covered | Type, Grade, Size, Cultivation Method, Packaging, Regional |
| Key Market Opportunities | Growing demand for plant-based proteins Health benefits and increasing awareness Rising disposable income in emerging economies Innovation in product offerings Expanding retail and distribution channels |
| Key Market Dynamics | 1 Growing Health Consciousness2 Increasing Demand for Plantbased Protein3 Rising Disposable Income4 Expansion of Retail and Food Service Channels5 Technological Advancements in Production and Processing |
| Countries Covered | North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Dry Beans Market is expected to reach a valuation of 15.92 billion USD in 2023.
The Dry Beans Market is projected to register a CAGR of 3.82% from 2024 to 2032.
The Dry Beans Market is expected to reach a valuation of 22.3 billion USD by 2032.
North America is expected to hold the largest market share in the Dry Beans Market.
The food and beverage segment is expected to drive the growth of the Dry Beans Market.
Some of the key competitors in the Dry Beans Market include ADM, Bay State Milling, and The Scoular Company.
The major factors driving the growth of the Dry Beans Market include the increasing demand for plant-based protein, the growing popularity of ethnic cuisines, and the rising health consciousness among consumers.
The key challenges faced by the Dry Beans Market include the volatility of raw material prices, the competition from other plant-based proteins, and the impact of climate change on bean production.
The key trends in the Dry Beans Market include the increasing demand for non-GMO beans, the growing popularity of organic beans, and the rising demand for bean-based ingredients in food and beverage products.
The outlook for the Dry Beans Market is positive, with the market expected to continue to grow in the coming years.
Research Analyst Level II I have about two years of experience working in the consumer goods and retail industries and i am a biotech graduate.a tech-savvy analytically focused professional with a strong capabilities in identification, concept generation, and strategy evaluation. i can produce data-driven solutions while fusing unusual viewpoints with original concepts. i have been extensively working on business case studies, competitive & comparative analyses, and strategic reports. my primary areas of experience include client management, financial analysis, supply chain evaluation, market entry strategy evaluation, and estimating and forecasting market size.
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