Canned Beans Market size is projected to reach approximately USD 1.46 Billion During Forecast Period 2020 to 2026

Market Analysis

Global Canned Beans Market size is projected to be valued at USD 1.46 Billion by 2026 at a CAGR of 3.47% between 2020 and 2026. Beans are available as both uncooked in sealed bags as well as pre-cooked or cooked in tin cans. Canning of beans includes cleaning and classification of grains, hydration, manual or electronic classification after hydration, blanching, packaging, the addition of sauce or brine, seaming of cans, thermal processing, freezing, and labeling. During the canning process, sauces are used of different variants to achieve delicate flavors.

The global Canned Beans Market is generally fueled by factors such as high shelf life, minimal preparation time, and maintained nutritional content. On the other hand, beans are among the most versatile and commonly consumed food across the world. Beans are a nutrient-rich food that contains a variety of vitamins, minerals, and several other nutrients such as protein, fiber, folate, iron, potassium, and magnesium while containing little or no total fat, trans-fat, sodium, and cholesterol. These factors are also expected to influence the global market growth during the forecast period.

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Key Players

The H. J. Heinz Company (US), Grandma Brown’s Beans Inc. (US), Bush Brothers & Company (US), B&G Foods, Inc. (US), ConAgra Foods, Inc. (US), Del Monte Foods (US), American Garden (US), Windmill Organics Limited (UK), BONDUELLE (France) and Epicure (UK)

Growth Opportunities in the Market

Rising Demand for Organic Products: Organic Canned Beans Market are packed with organic beans grown in an organic environment without the use of artificial chemical substances, such as additives or pesticides and herbicides. In organic plantation, beans are grown with only organic fertilizers, such as worm castings, chicken or cow manure, or compost. Additionally, organic beans are richer in antioxidants and fiber as compared to conventional counterparts. The growing incidences of allergies and diseases caused by the harmful chemicals used as additives have created awareness for food safety among consumers. Owing to this, organic canned food products is expected to create a substantial growth opportunity for market players during the review period.

Non-Store-Based Distribution Channels Gaining Popularity Across the Globe: The non-store-based segment is projected to register a higher growth rate during the forecast period. Manufacturers of canned beverages are inclined towards non-store-based distribution channels for the extensive sales of their products. Moreover, the impact of COVID-19 has led to the implementation of lockdown in the majority of the countries and has resulted in the forced closure of retail stores. Companies are opting for online distribution platforms as they want to extend their consumer reach, considering the present situation. Also, consumers have access to a wide variety of products in terms of flavor variants, quantity, pack size, as well as several offers.

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