Edible Bean Trends and Forecast
The future of the global edible bean market looks promising with opportunities in the household and restaurant applications. The global edible bean market is expected to reach an estimated $19.6 billion by 2030 with a CAGR of 4.1% from 2024 to 2030. The major drivers for this market are increasing consumer preference towards healthy foods and growing demand for products with high protein and protein fiber content.
Lucintel forecasts that pinto bean will remain the largest segment over the forecast period due to their taste, affordability, richness in nutrients, and ease of preparation.
Within this market, household will remain the larger segment due to the high intake of a nutrient-dense diet among families.
APAC is expected to witness highest growth over the forecast period due to growing exportation of agricultural products and existence of major consumer base in the region.
A more than 150-page report is developed to help in your business decisions.
Emerging Trends in the Edible Bean Market
Emerging trends in the Edible Bean Market are being driven by increasing consumer demand for plant-based protein and health-conscious dietary choices. Additionally, innovations in farming techniques and practices that are sustainable are shaping the market landscape.
• Increase in demand for plant-based proteins: The push towards eating plant-based diets has led to an increased demand for edible beans, which have a good amount of protein. This trend is transforming the market as more people go for beans as their main source of protein through diets. This it is expected will continue due to the growing popularity of vegan foods leading to increased consumption of bean snacks, meat substitutes and others forms.
• Sustainable and Organic Farming Practices: In this case, sustainable agriculture is becoming popular among grower communities who are involved in edibles bean farming practices. Due to concerns about environmental impacts associated with food production, some consumers are willing to pay more for sustainably produced beans than conventionally grown ones. In response, farmers are now using crop rotation, limit use of pesticides among other measures that can build soil fertility while reducing carbon footprints from bean cultivation process.
• Technological Advancements in Agriculture: The edible bean sector has seen several technological changes such as precision farming techniques, unmanned aerial systems (UAS) or drones and automated irrigation systems being employed widely today (FAOSTAT). These technologies enable optimization of crop yields, reduced wastage, and enhanced efficiency. The new agricultural revolution involves developments in seed technology, pest control and harvesting machinery so that Japanese farmers can become high-value producers of legumes.
• Expansion of Organic and Non-GMO Beans: People have become cautious about their health increasing the demand for organic and non-GMO beans avoiding synthetic chemicals and GMOs in their foods. This has led to the expansion of organic beans farming as more farmers are turning to it to meet the demand. In developed nations with high consumer awareness, there is an expected growth in the market for organic non-GMO beans.
• Global Trade and Export Opportunities: Global trade dynamics increasingly influence the edible bean market as countries strive to increase bean exports due to rising global demand. As such, trade agreements as well as export policies continue shaping this food category where some nations aim at enhancing both production capabilities of beans and processing capacities that would permit them emerge leading exporters. This has opened opportunities for countries with a suitable agro-climate and strong agricultural systems.
Consequently, these developments will drive substantial growth and diversification in the edible bean industry as they evolve further. The stakeholders who want to stay ahead of their peers must seize such opportunities resulting from this development which will enable them to meet the increased demand in the market.
Recent Developments in the Edible Bean Market
The latest developments in Edible Bean Market are dominated by advances in farming methods, including the use of agriculture methods like precision farming and improved seed varieties that enhance yield and quality.
• Introduction of High-Yield Bean Varieties: Recent developments in agricultural research have seen introduction of high-yielding bean varieties resistant to diseases and pests. The new varieties are more productive hence enabling farmers meet their increasing output demands. Such advances should contribute significantly toward enhancing food security particularly in regions where pulses intake is low, by providing a consistent supply of beans.
• Embracing Precision Agriculture Methods: Bean farmers have increasingly been adopting precision agriculture that allows efficient use and optimization of resources such as water, fertilizers and pesticides. With this technology, farmers can monitor crop development closely and make decisions based on data leading to increased yields and reduced environmental impact. Farmers are expected to continue increasing their adoption of precision farming as they seek ways of improving productivity and sustainability.
• Scaling Up Organic Bean Production: The demand for organic beans has led to an increase in organic farming practices. In the developed markets, farmers are shifting more towards organic approaches to cater for consumers who are health conscious. Government policies and consumer preference have supported this transition resulting in a growing market for organic beans that presents new income streams for farmers.
• Modernization of post-harvest infrastructure: The increasing investments into post-harvest infrastructure like storage facilities, transport networks, bean quality in terms of its shelf life has improved considerably over the last few years with positive implications on food security especially in climatically challenging regions where beans often rot away before reaching the intended destination. Post-harvest improvements are reducing losses, ensuring steady supplies, maintaining consistency/quality for edible beans sold commercially.
• Increasing Focus on Food Security: Food security is becoming a major concern among governments across the globe hence policies supporting production of food staples like beans. These encompass subsidies, research grants as well as support of small scale producers hence enhancing this focus on food security boosted consumption levels making edible bean market expand faster mainly in areas like developing nations where it forms staple foods.
These improvements will help edible bean market experience a strong growth due to increased global demand for healthy sustainable food sources; therefore, continuous funding should be put into research and development.
Strategic Growth Opportunities for Edible Bean Market
The impact of the globalization of demand for sustainable and edible crops has opened up new opportunities in the Edible Bean Market as it is powered by the increase in global desires for protein derived from plants. The key areas for growth involve expanding into developing economies and adding value to products.
• Processed Foods: Demand for processed foods such as snacks made from peas and other legumes, soups, precooked meals presents significant opportunities for growth within the edible bean market space As consumers look out for easy-to-cook but healthy food options, processed bean products continue expanding their market base both in local markets and international ones.
• Plant-Based Meat Substitutes: The emergence of plant-based meat substitutes has opened up a new market for beans, particularly in the production of bean-based meat alternatives. Demand for these commodities that meet the needs of consumers who prefer plant proteins is set to keep growing due to increased preference towards sustainable and ethical food behavior.
• Nutraceuticals and Supplements: Edible beans are now being used in nutraceutical supplements since they are highly nutritious. The demand for dietary supplements such as protein powders made from beans has been on the rise majorly because of consumer’s health consciousness hence turning to natural sources of nutrients.
• Food Security Programs: Government programs aimed at enhancing availability of food to populations have provided great opportunities for edible beans, especially among developing economies. Usually, subsidies, distributions initiatives and support for smallholder farmers are included in this action thereby ensuring adequate supplies thus stimulating further growth within the marketplace.
• Export Markets: The expansion of export markets for edible beans is one key area with potential to grow most significantly especially where favorable climatic conditions are present. There is a possibility of substantial growth in exports mainly going into regions characterized by high prevalence rate where there is low level domestic production relative to population demand levels globally prompting greater need for imports.
The innovation, supply chain optimization, and strategic partnerships must be focused on by market players if they are to fully tap into these opportunities. Competitiveness will depend on this as well as long-term success in the edible bean market.
Edible Bean Market Driver and Challenges
The Edible Bean market is impacted by various technology changes, economic factors, and regulations. Some of the major drivers affecting the industry include: increase in demand for plant-based proteins, advances in agricultural technology, consumers’ preference for organic and non-GMO products, government assistance to farmers for agriculture practices as well as global trade dynamics. At the same time, there are challenges that face this sector including, climate change, fluctuating commodity prices and global trade regulations complexity which affect both production and market stability.
The factors responsible for driving the edible bean market include:
1. Demand for Plant-Based Protein: The increased trend of plant-based diets has necessitated a higher need for edible beans because of their richness in protein content and other essential nutrients. This driver will continue as there are more people who are adopting vegetarianism or veganism.
2. Advances in Agricultural Technology: There have been technological developments such as precision farming and genetically enhanced seed varieties that have improved bean production hence increasing yields and quality.
3. Consumer Preference for Organic and Non-GMO Products: Consumer’s growing concerns about health benefits from organics foods without GMOs is leading to an increase in demand for organic beans thereby advancing organic farming methods.
4. Government Support for Agriculture: There are different government policies and subsidies meant to support farmers in ensuring food security which have become critical to the manufacture of edible beans especially developing countries.
5. Global Trade Dynamics: The market of edible bean has increasingly become influenced by globalization whereby countries expand their export markets so as to meet rising demands of beans worldwide.
Challenges in the edible bean market are:
1. Climate Change: Changes in weather patterns, coupled with erratic climatic conditions pose significant challenges to the bean production process thereby impacting on supply chain disruptions while reducing yields tremendously.
2. Fluctuating Commodity Prices: As a result of instability occurring within commodity prices, farmers may experience poor returns while consumers experience rising cost implications due to the volatility of the edible bean market.
3. Complexities of Global Trade Regulations: Bean exporters find it difficult to navigate through global trade regulations such as tariffs, quotas and phytosanitary standards which can potentially restrict market access or growth opportunities.
The drivers and challenges of the edible bean market show how dynamic and complex this sector is. Although there are huge prospects for growing, in particular, with an increasing demand by health-conscious customers for wholesome sustainable foods, environmental as well as economic and regulatory risks also exist on the market. The way forward will be to address these issues through innovative means and policy support if we are to see further growth and stability in the Edible Bean Market.
List of Edible Bean Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies edible bean companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the edible bean companies profiled in this report include-
• ADM
• Star of the West Milling
• Central Valley Bean
• Northarvest Bean
• Chippewa Valley Bean
• Michigan Bean Commission
• Mountain High Organic
• Treasure Valley Seed
• Kirsten
• Bonita Bean
Edible Bean by Segment
The study includes a forecast for the global edible bean by product type, distribution channel, application, and region.
Edible Bean Market by Product Type [Analysis by Value from 2018 to 2030]:
• Pinto Bean
• Navy Bean
• Great Northern Bean
• Red Kidney Bean
• Black Bean
• Yellow Bean
• Others
Edible Bean Market by Distribution Channel [Analysis by Value from 2018 to 2030]:
• Supermarket/Hypermarket
• Online Store
• Specialty Store
• Others
Edible Bean Market by Application [Analysis by Value from 2018 to 2030]:
• Household
• Restaurant
• Others
Edible Bean Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
Country Wise Outlook for the Edible Bean Market
Major players in the market are expanding their operations and forming strategic partnerships to strengthen their positions. Below image highlights recent developments by major edible bean producers in key regions: the USA, China, India, Japan, and Germany.
• United States: Plant-based proteins have contributed to the rise in U.S.’s edibles bean market due to healthy eating trends. Recent developments include improvements in sustainable farming practices which have then been accompanied by increased organic bean cultivation growth rate. The U.S.is also trying to enhance its bean processing capacities so as improve quality, overcome shelf life issues among others. As well today’s trade policies including export agreements focused at expanding exports of beans globally has impacted on this market greatly.
• China: The Chinese edible bean market involves rising domestic production aimed at reducing dependence on imports. The government has provided incentives like subsidies for farmers involved with growing soybeans just recently for example. Besides investing heavily in research so as to obtain stronger varieties that tolerate both pests’ damages as well as withstand climatic changes. This work focuses on China’s emphasis on food security and self-sufficiency that has led to wider beans growing areas. Consequently, there have been many improvements in processing and storage technologies for bean production.
• Germany: The demand for organic and sustainably sourced edible beans has increased in Germany where consumers prefer healthy and environment-friendly products. The latest trends are precision agriculture techniques employed to get the most from a bean crop while minimizing environmental pollution. As far as beans importation is concerned recent trade agreements within the European Union strive to ease import procedures hence ensuring constant availability of beans for consumption.
• India: Edible bean market in India is driven by high domestic uptake especially among vegetarians. Such developments include attempts to improve yield through improved seed varieties and farming methods. For example, Indian government policy towards farmers includes minimum support prices that stabilize the price of agricultural products like corn, rice, wheat etc., subsidies on fertilizers, pesticides while trying to reduce post-harvest loss via improved storage systems and transportation infrastructure essential in maintaining quality under hot humid conditions.
• Japan: Quality and safety are the main focus of Japan’s edible bean market, especially those that were grown in the area. A recent development is the use of hydroponics and vertical farming to grow beans, which produce high-quality beans even with limited space. In addition, Japan has also stepped up its research on bean varieties that suit local tastes and nutritional values. This has made it easier for the country to import beans for making traditional food such as natto and miso.
Features of the Global Edible Bean Market
Market Size Estimates: Edible bean market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Edible bean market size by product type, distribution channel, application, and region in terms of value ($B).
Regional Analysis: Edible bean market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different product types, distribution channels, applications, and regions for the edible bean market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the edible bean market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
If you are looking to expand your business in this or adjacent markets, then contact us. We have done hundreds of strategic consulting projects in market entry, opportunity screening, due diligence, supply chain analysis, M & A, and more.
FAQ
Q1. What is the edible bean market size?
Answer: The global edible bean market is expected to reach an estimated $19.6 billion by 2030.
Q2. What is the growth forecast for edible bean market?
Answer: The global edible bean market is expected to grow with a CAGR of 4.1% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the edible bean market?
Answer: The major drivers for this market are increasing consumer preference towards healthy foods and growing demand for products with high protein and protein fiber content.
Q4. What are the major segments for edible bean market?
Answer: The future of the edible bean market looks promising with opportunities in the household and restaurant markets.
Q5. Who are the key edible bean market companies?
Answer: Some of the key edible bean companies are as follows:
• ADM
• Star of the West Milling
• Central Valley Bean
• Northarvest Bean
• Chippewa Valley Bean
• Michigan Bean Commission
• Mountain High Organic
• Treasure Valley Seed
• Kirsten
• Bonita Bean
Q6. Which edible bean market segment will be the largest in future?
Answer: Lucintel forecasts that pinto bean will remain the largest segment over the forecast period due to their taste, affordability, richness in nutrients, and ease of preparation.
Q7. In edible bean market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to growing exportation of agricultural products and existence of major consumer base in the region.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the edible bean market by product type (pinto bean, navy bean, great northern bean, red kidney bean, black bean, yellow bean, and others), distribution channel (supermarket/hypermarket, online store, specialty store, and others), application (household, restaurant, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Digital Binocular Market, Digital Binocular Market Size, Digital Binocular Market Growth, Digital Binocular Market Analysis, Digital Binocular Market Report, Digital Binocular Market Share, Digital Binocular Market Trends, Digital Binocular Market Forecast, Digital Binocular Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.