PUBLISHER: 360iResearch | PRODUCT CODE: 1470493
PUBLISHER: 360iResearch | PRODUCT CODE: 1470493
[181 Pages Report] The Canned Legumes Market size was estimated at USD 3.23 billion in 2023 and expected to reach USD 3.42 billion in 2024, at a CAGR 5.88% to reach USD 4.82 billion by 2030.
Canned legumes are a type of preserved food product prepared and sealed in an airtight container consisting of leguminous plants. The canning process typically involves blanching the legumes, sealing them in cans with a brine or sauce, and then sterilizing them through heat to kill any bacteria, thus extending their shelf life significantly. Canned legumes offer convenience, as they are precooked and ready to eat after warming, and they provide a nutritious option rich in protein, fiber, vitamins, and minerals. The canned legumes market is growing rapidly with the mounting demand for plant-based proteins, consumer recognition of legumes' nutritional value, and technological advances in canning that preserve flavor and nutrition. The market expansion faces constraints such as competition from alternative legume forms, volatile raw material expenses, concerns over canning preservatives, and the ecological impact of metal cans. Additionally, the market sees burgeoning opportunities, particularly in organic, non-GMO offerings and innovations in sustainable packaging and sodium reduction, targeting health-conscious shoppers.
KEY MARKET STATISTICS | |
---|---|
Base Year [2023] | USD 3.23 billion |
Estimated Year [2024] | USD 3.42 billion |
Forecast Year [2030] | USD 4.82 billion |
CAGR (%) | 5.88% |
Type: Growing preference for black beans, aiding weight management and supporting heart health
Black beans, known for their rich flavor and texture, are popular in Latin American cuisine. They are appreciated for their high protein and fiber content, a healthy option for consumers looking to maintain a balanced diet. Black beans are often used in soups, salads, and stews.
Garbanzo beans, or chickpeas, are versatile legumes with a nutty taste, commonly used in Middle Eastern and Indian cuisines. They are a staple ingredient in recipes such as hummus and chana masala. Kidney beans are a favorite in Creole and Cajun cuisine, integral to red beans and rice dishes. Their high fiber content is well-regarded for digestive health. Lima beans, also known as butter beans, boast a buttery flavor and are commonly used in Southern American cooking. They are a source of minerals such as manganese and folate. Navy beans are small, white beans frequently used to prepare baked beans and soups. They have a mild flavor and are known for their high fiber and low-fat content. Black beans lead in antioxidant properties, whereas garbanzo beans offer a gluten-free protein alternative. Kidney beans are favored for their nutrients that support digestive health, while lima beans bring essential minerals to consumers' diets. Navy beans are especially beneficial in cholesterol management, while pinto beans are excellent for blood sugar control. When considering consumer preferences, product offerings should emphasize these unique benefits to cater to a diverse market with varying health requirements and culinary traditions.
Category: Significant adoption of organic canned legumes from consumers
Conventional canned legumes represent the major share of the market and traditionally include non-organic pulses such as beans, lentils, chickpeas, and peas. They are widely appreciated for their long shelf life, ease of use, and affordability. However, these products are often produced using conventional farming methods, which may involve pesticides and synthetic fertilizers. Organic canned legumes cater to a growing market segment focused on health, sustainability, and environmental impact. Such legumes are derived from farming practices that do not use synthetic inputs and are often non-GMO. They are certified organic and thus entail rigorous production and processing standards. Conventional varieties continue to lead the market in volume due to their lower price point and widespread availability.
On the contrary, the organic segment is expanding as awareness about health and environmental issues grows. Despite their higher price, organic legumes offer perceived health benefits and cater to a niche market willing to invest in quality and ethical food sourcing. Regarding taste and culinary use, conventional and organic canned legumes are quite similar and can be used interchangeably in recipes. Nutritional content is also comparable; however, organic options may have an edge due to the absence of pesticide residues and the potential for higher nutritional value from organic farming practices. Sustainability is another key differentiator, with organic legumes considered more environmentally friendly due to the nature of organic agriculture, which promotes biodiversity and soil health and reduces pollution and energy use.
Distribution Channel: Growing preferences for online channels providing a convenient, time-saving, and cost-effective purchasing method
Offline distribution for canned legumes primarily revolves around brick-and-mortar retail outlets. Convenience stores, given their widespread and accessible locations, are favored for quick purchases. They serve consumers who need to make emergency purchases outside of typical retail hours. Convenience stores usually carry a smaller selection than supermarkets, but they offer the advantage of proximity and ease of access. Supermarkets and hypermarkets are preferred for their comprehensive range of products, providing shoppers with the convenience of one-stop shopping. Moreover, they often offer competitive pricing owing to their large volume of sales. As consumer shopping behaviors shift towards digital platforms, online distribution channels increasingly become popular for canned legume purchases. The online channel is favored for its convenience of home delivery, often expansive selection, ability to easily compare prices, and access to customer reviews. As a key direct-to-consumer channel, company-owned websites offer canned legume brands the opportunity to control the customer experience and enhance brand loyalty. By leveraging sophisticated analytics, brands can gain valuable insights into consumer behavior, tailor their marketing strategies, and establish a direct feedback loop for product improvements and innovations. The eCommerce platforms provide an extensive range of canned legumes from various manufacturers. These platforms feature advanced filtering options, comparison tools, and user-generated reviews, which help consumers make informed purchasing decisions from the comfort of their homes.
Regional Insights
The canned legumes market in the Americas is experiencing steady growth, primarily driven by increasing consumer demand for plant-based protein sources and convenient, ready-to-eat food products. Consumer preferences have gradually shifted towards healthier diets, and this is reflected in the heightened demand for canned legumes such as beans, lentils, and chickpeas. Additionally, the trend toward organic and non-GMO products is influencing product offerings in the region, with manufacturers focusing on clean labeling and ethical sourcing practices to attract health-conscious consumers. In the EMEA region, the canned legumes market is characterized by varied consumption patterns across different countries. European countries, with their traditional Mediterranean diets, demonstrate a robust consumption of canned legumes. The Middle East and Africa region show potential for growth due to dietary habits incorporating legumes as a staple food. Moreover, environment-conscious consumers in Europe are driving demand for sustainable and eco-friendly packaging solutions. The Asia-Pacific region is witnessing a significant expansion in the canned legumes market, driven by urbanization and the fast-paced lifestyle of consumers looking for convenient and nutritious food options. There is an emerging trend of Western dietary influences in the region, leading to an increased acceptance of canned legumes in daily meals. Moreover, rising disposable incomes in the APAC region are making premium and imported canned legumes more accessible to consumers, thereby supporting market growth.
FPNV Positioning Matrix
The FPNV Positioning Matrix is pivotal in evaluating the Canned Legumes Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Canned Legumes Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Key Company Profiles
The report delves into recent significant developments in the Canned Legumes Market, highlighting leading vendors and their innovative profiles. These include Alimenco s.r.l., B&G Foods, Inc., Bonduelle Group, Bush Brothers & Company, Conagra Brands, Inc., Del Monte Foods, Inc., Eden Foods, Inc., Epicure, Fujian Chenggong Fruits & Vegetables Food Co., Ltd, General Mills, Inc., Goya Foods, Inc., Grandma Brown's Beans Inc., Heinz Watties Ltd., KYKNOS S.A., NAPOLINA, RFG Foods, Sanitarium, Seneca Foods, Teasdale Latin Foods, The Hain Celestial Group, Inc., The Kraft Heinz Company, The Kroger Co., Windmill Organics Ltd., and Yichang Tianyuan Canned Food Co., Ltd.
Market Segmentation & Coverage
1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
1. What is the market size and forecast of the Canned Legumes Market?
2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Canned Legumes Market?
3. What are the technology trends and regulatory frameworks in the Canned Legumes Market?
4. What is the market share of the leading vendors in the Canned Legumes Market?
5. Which modes and strategic moves are suitable for entering the Canned Legumes Market?