Global Market Size, Forecast, and Trend Highlights Over 2025-2037
Canned Beans Market size was valued at USD 762.22 million in 2024 and is set to exceed USD 1.35 billion by 2037, expanding at over 4.5% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of canned beans is evaluated at USD 791.37 million.
The growth of the market can be attributed to the increasing demand for ready-to-eat food backed by the changing lifestyle in urban areas. Canned beans are pre-cooked and frozen, and just need to be heated before consumption. This makes their consumption easy, quick and convenient. Moreover, they are a rich source of protein and are very affordable, with prolonged shelf life. This is estimated to drive the growth of the market. Furthermore, the growing adoption of vegan diet, and availability of packaged vegan food, is also estimated to boost the market growth, as beans are a major source of plant protein. For instance, in the U.S., veganism has raised by more than 20% from 2015, with over 6% of the total population choosing vegan diet in 2020, and is further estimated to increase in the coming years.
Canned Beans Sector: Growth Drivers and Challenges
Growth Drivers
- Growing Trend of Veganism
- Affordable Price and Convenience in Using Canned Beans
Challenges
- High Quality Standard Regulations by FDA
- Prevalence of Allergy from Beans
Canned Beans Market: Key Insights
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
4.5% |
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Base Year Market Size (2024) |
USD 762.22 million |
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Forecast Year Market Size (2037) |
USD 1.35 billion |
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Regional Scope |
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Canned Beans Segmentation
The global canned beans market is segmented by distribution channel into supermarket, conventional stores, online retailers, and others, out of which, the supermarket segment is anticipated to hold the notable share in the market during the forecast period on account of increasing footfall in supermarkets, backed by the availability of almost every essential items. Moreover, more supermarkets are being opened across the globe, which is further estimated to boost the segment growth.
Our in-depth analysis of the global canned beans market includes the following segments
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By Type |
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By Distribution Channel
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Customize this ReportCanned Beans Industry - Regional Synopsis
North America Market Statistics
Regionally, the global canned beans market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. North America industry is likely to hold largest revenue share by 2037, on the back of busy lifestyle, growth in the number of working women, and raised disposable income. As per the statistics by the World Bank, the total percentage of working women aged 15-64 in North America increased by 1.96% from 2015 to 2019. Moreover, rising demand for ready-to-eat foods is estimated to boost the market growth in the region. Additionally, the increasing trend of opting vegan food, is also estimated to promote the market growth.
APAC Market Analysis
The canned beans market in the Asia Pacific region is estimated to witness highest CAGR over the forecast period, on the back of increasing population, and changing lifestyle. Moreover, increasing adoption of packaged food and beverages, is estimated to boost the market growth in the region.
Companies Dominating the Canned Beans Landscape
- The Kraft Heinz Company
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Bonduelle
- Epicure US, INC.
- Windmill Organics Ltd
- American Garden
- Del Monte Foods, Inc
- Conagra Brands, Inc.
- B&G Foods, Inc.
- Bush Brothers & Company
- Ontario Orchards
In the News
- December 01, 2020: B&G Foods, Inc. announced the acquisition of the Crisco brand of oils and shortening from the J. M. Smucker Co.
- September 23, 2020: Gardein, a brand of Conagra Brands, Inc. announced the launch of its plant-based meat alternatives collection.
Author Credits: Parul Atri
- Report ID: 3157
- Published Date: Dec 24, 2024
- Report Format: PDF, PPT
