Canned Beans Market Size

Canned Beans Market size was over USD 729.4 million in 2023 and is poised to cross USD 1.29 billion by 2036, witnessing more than 4.5% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of canned beans is evaluated at USD 755.66 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.