Market Size of Dry Beans Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Market Size (2024) | USD 7.30 Billion |
Market Size (2029) | USD 9.5 Billion |
CAGR (2024 - 2029) | 5.40 % |
Dry Beans Market Analysis
The Dry Beans Market size is estimated at USD 7.30 billion in 2024, and is expected to reach USD 9.5 billion by 2029, at a CAGR of 5.40% during the forecast period (2024-2029).
The global dry beans market is experiencing significant growth owing to rising consumption demand, and this trend is anticipated to continue over the forecast period. Dry beans, which are large seeds from the Fabaceae family, are a staple crop worldwide. The market encompasses various classes, including kidney beans, navy beans, pinto beans, and black beans.
A key driver of market growth is the increasing use of dried beans, such as black beans and split beans, in processed food products like savory snacks and baby food. The rising demand for ready-to-eat and ready-to-cook food products, particularly in developed regions, coupled with the growing preference for vegan protein sources, is significantly boosting dry bean consumption. In response, farmers are increasing production.
Dry beans are a vital agricultural crop in several countries with high consumption levels. Major producers include Brazil, India, China, Myanmar, and Mexico. According to the FAO, India leads dry bean production globally, producing approximately 6,120 thousand metric tons in 2021, which increased to 6,610 thousand metric tons in 2022.
Despite the market's growth, several challenges exist. Environmental factors such as climate change, bio-stress, and policy constraints can significantly affect production levels. However, increasing global demand, expanding applications, and rising health awareness continue to support the market's growth.
Dry Beans Industry Segmentation
Dry beans are mature, dried seeds of leguminous plants. For the report, dry beans are considered as all the species under HS code 0713, including chickpeas, pigeon peas, kidney beans, and, cowpeas. The Dry Beans Market is segmented by Geography (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa). The report includes a Production Analysis (Volume), Consumption Analysis (Value and Volume), Export Analysis (Value and Volume), Import Analysis (Value and Volume), and Price Trend Analysis. The report offers the market size and forecasts in terms of volume in metric tons and value in USD for all the above segments.
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Dry Beans Market Size Summary
The dry beans market is poised for substantial growth, driven by increasing consumer demand for plant-based protein sources and the rising popularity of vegan diets. Beans, a staple from the Fabaceae family, are integral to various processed food products, including savory snacks and baby food, which are gaining traction in developed regions. The market is further bolstered by the growing need for gluten-free options, particularly in the United States, where celiac disease prevalence is prompting a shift towards gluten-free diets. The demand for dry beans is also supported by changing food consumption patterns, with more individuals adopting animal-free diets due to health concerns associated with animal proteins, such as high cholesterol and obesity. This shift is encouraging the consumption of dry beans, which are rich in essential nutrients and offer a sustainable protein alternative.
Asia Pacific is expected to maintain a significant share of the global dry beans market, with countries like Myanmar and India leading in production. The region's favorable agricultural conditions, such as the ability to cultivate beans using residual moisture from the rainy season, make it a cost-effective choice for farmers. This agricultural practice not only maximizes land use but also supports the market's expansion. Initiatives like the Madhya Pradesh Government's crop diversification scheme in India further promote the cultivation of dry beans, aligning with market demands. Additionally, international collaborations, such as the United States Dry Bean Council's engagement with the UK market, highlight the global interest and strategic efforts to enhance the dry beans industry's reach and sustainability.
Dry Beans Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Increasing Inclination Toward Vegan Diet
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1.2.2 Expanding Bean Cultivation in Asia Pacific
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1.2.3 Government Support and Trade Policies
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1.3 Market Restraints
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1.3.1 Dry Beans Are Vulnerable To Pests And Diseases, Which Can Reduce Yields, Increase Production Costs For Farmers, And Impact Supply Consistency.
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1.3.2 Seasonal Dependence and Climate Change
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1.4 Value Chain Analysis
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2. MARKET SEGMENTATION (Production Analysis, Consumption Analysis by Value and Volume, Import Analysis by Value and Volume, Export Analysis by Value and Volume, and Price Trend Analysis)
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2.1 Geography
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2.1.1 North America
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2.1.1.1 United States
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2.1.1.2 Mexico
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2.1.1.3 Rest of North America
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2.1.2 Europe
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2.1.2.1 Russia
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2.1.2.2 Turkey
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2.1.2.3 Italy
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2.1.2.4 Rest of Europe
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2.1.3 Asia-Pacific
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2.1.3.1 Myanmar
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2.1.3.2 India
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2.1.3.3 China
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2.1.3.4 Australia
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2.1.3.5 Rest of Asia-Pacific
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2.1.4 South America
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2.1.4.1 Argentina
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2.1.4.2 Brazil
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2.1.4.3 Rest of South America
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2.1.5 Middle-East and Africa
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2.1.5.1 United Republic of Tanzania
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2.1.5.2 Uganda
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2.1.5.3 Kenya
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2.1.5.4 Rest of Middle-East and Africa
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Dry Beans Market Size FAQs
How big is the Dry Beans Market?
The Dry Beans Market size is expected to reach USD 7.30 billion in 2024 and grow at a CAGR of 5.40% to reach USD 9.5 billion by 2029.
What is the current Dry Beans Market size?
In 2024, the Dry Beans Market size is expected to reach USD 7.30 billion.