Dry Beans Market Size

Dry Beans Market Analysis

The dry beans market is projected to register a CAGR of 4.5% over the forecast period.

• The dry beans market is experiencing significant growth, and this trend is expected to continue during the forecast period. Beans are the most common name for the large seed variety of the Fabaceae family. Dry edible beans have a variety of market classes, including kidney bean, navy bean, pinto bean, and black bean.
• The growing incorporation of various dried beans, such as black beans and split beans, in processed food preparation, such as savory snacks and baby food, is expected to drive the demand for dry beans. The rising demand for processed food products (ready-to-eat and ready-to-cook) and the increasing demand for vegan protein sources in developed regions will likely drive the demand for dry beans.
• The dry bean is an essential agricultural crop in many countries, especially those with high consumption levels. Brazil, India, China, Myanmar, and Mexico are the largest producing countries. As per the FAO, India is the leading producer of dry beans in Asia; it produced about 5,400 metric tons in 2020.
• Furthermore, the increasing prevalence of celiac disease among Americans is anticipated to boost the demand for gluten-free food options, such as dry bean products. For instance, according to the University of Chicago Medicine (Celiac Disease Center), celiac disease affects 1% of healthy Americans. That means at least 3 million people in the United States have celiac disease. This is one of the key reasons for the abundant production of dried beans within the region. However, the production of dry beans is significantly affected by several factors, such as environmental hazards, bio-stress, and government policies of the country.