Canned Beans Market Size, Trends & Analysis - Forecasts to 2026 By Type (Navy Beans, Kidney Beans, Garbanzo Beans, Pinto Beans, and Others), By Type of Category (Conventional and Organic), By Type of Distribution Channel (Store-Based [Supermarkets & Hypermarkets, Convenience Stores, Others] and Non-Store-Based), By Region (NA [North America], Europe, APAC [Asia Pacific], MEA [the Middle East & Africa], and CSA [Central & South America]), End-User Landscape, Vendor Landscape, Company Market Share Analysis & Competitor Analysis
Canned Beans Market Insights
The canned beans market is analyzed to achieve peremptory progress in CAGR by 4.0% during the forecast period (2020-2026). Canned beans are blanched and sealed with preservatives and additives. The taste, texture, and longevity of canned beans are because of the addition of preservatives and additives. Canned beans are generally used in salads, stews, pizzas, wraps, soups, pasta, and baked bean dishes. Beans belong to the Fabaceae family, known as the legumes. One of the key influencers contributing to the growth of the market is the high nutritional value and cost effectivity of canned beans. During the COVID-19, the production of cereals and legumes was impacted due to a halt in the operations of various verticals such as manufacturing, government, automotive, agriculture. But the canned beans market took an uplift due to the availability of the product in offline and online stores. Hence, it is estimated to surmount high in the forecast period. Public awareness towards a healthy diet, an increase in population, and the expansion of retail industries are the impact makers of the global canned goods market.
Canned Beans Market: By Type
Kidney beans, pinto beans, navy beans, garbanzo beans, and others are the types of beans in the canned beans market. The garbanzo beans segment will tend to dominate the market. An increase in the importance of protein-based diets, government initiatives to boost production, and a rise in population is the propellors leading to the escalation of the global market.
Canned Beans Market: By Type of Category
Based on the type of category, conventional and organic canned beans are the division of the global market. Conventional canned beans are represented to be the fastest-growing segment in the forecast period. The rise in the popularity of ethnic foods, the requirement for a nutritional diet, cost-effectiveness are the accelerators aiding the enlargement of the market.
Canned Beans Market: By Type of Distribution Channel
The market segmentation based on the type of distribution channel is store-based and non-store based respectively where, supermarkets & hypermarkets, convenience stores, and others are the classifications of store-based canned beans market. The non-store-based distribution channel is the largest shareholder in the forecast years. The rise in health concerns, an increase in the operation of e-commerce enterprises, and the adoption of vegetarian diets are the factors inducing the growth of the global market.
Canned Beans Market: By Region
Based on the geographical analysis, North America has persisted to be a favored region yet, the Asia Pacific is followed to make remarkable development in the global market. The increasing popularity of the vegan diet, increase in setting up of industries, increasing end-user preference for plant-based alternatives are the drivers steering the growth of the market.
Canned Beans Market Share and Competitor Analysis
The H. J. Heinz Company, Grandma Brown's Beans Inc., Bush Brothers & Company, B&G Foods Inc., ConAgra Foods Inc., Del Monte Foods, American Garden, Windmill Organics Ltd., Bonduelle, Epicure, and other industries are the prominent players of the global canned beans market.
Please note: This is not an exhaustive list of companies profiled in the report.
In July 2019, as per the USDA, the production of the U.S. dry beans declined by 16%.
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The Global Canned Beans Market has been studied from the year 2017 till 2026. However, the CAGR provided in the report is from the year 2018 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Canned Beans Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies and customer analytics.
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