The global dry beans market is anticipated to grow at a CAGR of around 5% during the forecast period. The huge amount of benefits that these products offer is a major factor to drive the growth of the market across the globe. Dry beans are the highly nutritious food available in the market. The dry beans are one of the most cost-effective sources of both complex carbohydrates and protein. In addition to this, the consumption of dry beans provides zinc, magnesium, iron, potassium, and other soluble fiber in huge amounts. The daily consumption of the cooked or uncooked dry beans offers several health benefits, such as improved digestion, boost immunity, weight loss, reduce blood sugar levels, and maintain low blood pressure. 

Dry beans are highly utilized by the flour mills, restaurants, household, and snacks-manufacturing industries. The significant rise in the demand for an animal-free diet which is rich in protein is one of the key factors to drive the growth of the dry beans market during the forecast period. The fibers and protein content of dry beans is high that makes them ideal for the consumption by diabetic patients. The dry beans are also suitable for the individuals who want to decrease the consumption of meat without making any compromise on the protein and fiber content of their diet. There exists an increasing inclination of European and North American countries towards being vegan which is slightly reaching across the globe which in turn is anticipated to drive the growth of the market across the globe. 

Furthermore, the rising focus of people toward having plant-based diets is further making a favorable contribution to the growth of the market across the globe. With the growing health-consciousness among people and switching of their sources of protein from animal-based to plant-based owing to the increasing concerns about organic food across the globe is further creating the demand for the global dry beans market. Further, the economically affordable prize of these beans is another major which is highly promoting its market growth. 

Dry beans are considered to be a cost-effective source of getting proteins, minerals, and vitamins as compared to other eatable legumes. The growing consumer health concerns related to the high prevalence of lifestyle-oriented chronic disorders is further boosting the growth of these food items. Moreover, the rapid advancement in the food processing industry along with the increasing awareness related to the benefits of bean flour in bakery products is also driving the market. Furthermore, these beans are easy to store and have a long shelf life to further support their market growth. 

Segmentation

The dry beans market is segmented on the basis of product type, and packaging type. Based on product type, the market is segmented into pinto beans, black beans, navy beans, red kidney beans, great northern beans, others. Based on the packaging type, the dry beans market is segmented into plastic bags, cans, and others.

Pinto bean is a considerable segment based on Product type

Based on the product type, pinto beans are anticipated to hold considerable market share during the forecast period. The high demand for these beans by the end-user industries owing to its health benefits is a major factor to drive the growth of this market segment.

Global Dry Beans Market Share by Product Type, 2018 (%)

Regional Outlook 

The global dry beans market is further segmented on the basis of geography including North America, Europe, Asia-Pacific, and the Rest of the World. North America held a considerable share in the market in 2018. The major factor for the high market share in the region is the substantial number of production sites of dry beans in the US and Canada. According to the USDA 2017, in 2016, the US production of dry beans totaled 28.7 million cwt. Moreover, the presence of major market players in the US is supporting the dominance of North America in the market by investing a significant amount in R&D activities. 

Global Dry Beans Market Growth, by Region 2019-2025

Asia-Pacific to dominate the global dry beans market 

The major economies contributing to the regional growth of the market include China, Japan, and India. The factors attributing towards the growth rate of Asia-Pacific include a significant rise in the consumption of dry beans due to the several benefits that it offers is anticipated to drive the growth of the market in the Asia-Pacific region.

Market Players Outlook

Some of the key players in the market include 21st Century Bean, NK Hurst Company, Inc., Kelley Bean Co., Hayes Food Products Inc., Goya Food Inc., Colin Ingredients, Harmony House Foods, Inc., Eden Foods, Ruchi Foods LLP and so on. These market players adopted various organic and inorganic growth strategies such as the expansion of the production facilities in order to expand their share in the market and gain a competitive advantage over other players. 

The Report Covers

• Market value data analysis of 2019 and forecast to 2026.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global dry beans market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying ‘who-stands-where’ in the market.