The global canned legumes market is valued at USD 3.05 billion in 2023 and is projected to grow at a CAGR of 4.5%. This is due to the growing acceptance of canned foods across the globe. Manufacturers are introducing canned legumes to meet this growing demand during the forecast period, reaching a value of USD 4.74 billion by 2033.
Due to the increasing working population groups, particularly dual-income households, the demand for convenient food is accelerating worldwide. Additionally, since canned legumes are a rich source of plant-based proteins, the demand for them has increased as consumers’ health concerns rise. In the coming years, lentils and chickpeas are expected to gain importance due to the growth of ethnic foods. Additionally, several regions have implemented government initiatives to increase canned legume consumption. For instance, 2016 has been declared the International Year of Pulses by the United Nations General Assembly. This initiative has increased consumer awareness of the nutritional value of pulses, leading to a rise in the consumption of legumes like pulses and beans.
Various nutrients can be found in canned legumes, including protein, carbohydrates, fiber, vitamin B, copper, iron, manganese, magnesium, phosphorus, and zinc. As a result, they are becoming more popular in vegan and vegetarian diets since they are low in fat, saturated fat, and cholesterol.
In the past few years, companies have adopted images of beans and pulses on cans to enhance the presentation of canned legumes. Numerous European producers are providing products with regional heritage or locally sourced beans. They are expected to benefit from this approach in terms of entering the local food trend and expanding their market. Furthermore, consumers are increasingly choosing BPA-free packaging, which is driving the demand for canned legumes. As a result of seasonal variation in the pricing and production of legumes, the final price of canned legumes could fluctuate. This would have the effect of hindering the growth of the product.
| Attributes | Details |
|---|---|
| Canned Legumes Market Size Value in 2023 | USD 3.05 billion |
| Canned Legumes Market Forecast Value in 2033 | USD 4.74 billion |
| Canned Legumes Market CAGR Global Growth Rate (2023 to 2033) | 4.5% |
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By 2033, the canned legumes market is predicted by FMI to reach over USD 4.74 billion. In the first half of 2022, the global market increased at a CAGR of 6.7% which is the market share valued at USD 2.54 billion. Though not equally distributed throughout all regions, this growth is stronger in developing markets, where it is predicted to reach at the end of 2023 valued at USD 3.05 billion with a CAGR of 4.5%.
Short Term (2022 to 2025): Consumers have stocked up on long-lasting essentials since March 2020 due to the Coronavirus pandemic, which has significantly increased canned product demand, including legumes. Across the globe, this panic shopping has fuelled the growth of these legumes.
Medium Term (2025 to 2028): In both developed and developing regions, as a result of an increasingly busy lifestyle and increasing household income, the demand for healthy and convenient food is expected to grow.
Long Term (2028 to 2033): The local food trend is growing in various regions, and many producers are promoting their products by including local heritage or local beans in their portfolios. This approach will enable them to enter the local food trend, and therefore expand their market share. Additionally, canned legume demand is increasing as consumers prefer BPA-free packaging.
| Historical CAGR (2017 to 2022) | 6.7% |
|---|---|
| Historical Market Value (2022) | USD 2.54 billion |
| Forecast CAGR | 4.5% |
Canned Legumes Market:
| Attributes | Canned Legumes Market |
|---|---|
| CAGR (2023 to 2033) | 4.5% |
| Market Value (2028) | USD 3.8 billion |
| Growth Factor | It is the expansion of the retail industry that drives the market's growth |
| Opportunity | Increasing consumer demand for organic food and clean-label products is predicted to serve as an opportunity for market players. |
| Key Trends | BPA-free packaging becoming more popular among consumers. |
Convenience Food Market:
| Attributes | Convenience Food Market |
|---|---|
| CAGR (2023 to 2033) | 7% |
| Market Value (2028) | USD 911.66 million |
| Growth Factor | Rapidly evolving consumer taste and lifestyle. |
| Opportunity | Expansion of the retail sector for selling convenience food. |
| Key Trends | Adopting popular regional cuisines into the product portfolio. |
Chilled Soup Market:
| Attributes | Chilled Soup Market |
|---|---|
| CAGR (2023 to 2033) | 5% |
| Market Value (2028) | USD 1022.30 million |
| Growth Factor | Consumers are increasingly relying on convenience foods as a result of changing lifestyles. |
| Opportunity | The trend of personalizing soup brands has opened up new marketing opportunities. |
| Key Trends | As the market has expanded rapidly, organized retail chains have prospered. |
Principal Consultant
Due to their nutritional composition, legumes are one of the most versatile and commonly consumed foods in the world, and wide varieties are grown around the globe. As an economical food, legumes can improve the diet quality and health of those who consume them on a regular basis.
A busy lifestyle and increasing household income within developed and developing regions are expected to drive the global market in the upcoming years. This is due to the increasing demand for healthy and convenient or ready-to-cook foods. Market growth across the globe is driven by the rising number of working population groups, especially dual-income households, who are seeking convenient food.
As a rich source of plant-based protein, canned legumes have also seen an increase in demand as consumer health concerns have intensified. Over the next few years, lentils and chickpeas are expected to experience an increase in demand due to the increasing popularity of ethnic foods.
Global market demand is expected to be driven by an increase in awareness about legume health benefits, the rise of the vegetarian population, and the intensification of plant-based protein consumption. It is predicted that the increasing consumer shift towards vegan protein sources such as beans and peas will positively impact product growth.
As a result of their high nutritional value, beans dominated the canned legume market in 2023, with more than 42.0% of the total market share. Since they don't require washing, peeling, or cooking like raw beans, processed beans have gained significant traction with modern consumers. The main beans used in processed foods include white beans, navy beans, kidney beans, black-eyed beans, and pinto beans.
Among the different types of beans, baked beans are extremely popular because they are highly nutrient-dense and blend well with pasta, meat, and vegetables. A rise in the importance of protein-based diets, government initiatives to increase production, and an increase in population is propelling the global market to grow.
Pork and beans, beans with tomato sauce, and beans with tomato sauce are popular canned legumes across the globe. Peas, one of the segments analyzed in the report, is projected to record a 4.3% CAGR.
NAPOLINA, an Italian cooking brand, launched a comprehensive range of pulses and grains in April 2020. Chickpeas, quinoa, cannellini beans, and red kidney beans are included in the expanded line. According to the company, canned legumes are high in protein and low in fat, making them ideal for vegetarians and flexitarians alike.
Markets for conventional and organic canned legumes are divided based on the types of products. During the forecast period, conventional canned legumes are expected to be growing at a significant pace. Due to the rise in ethnic food popularity, the need for a nutritional diet, and cost-effectiveness, the market is expected to expand rapidly.
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It is anticipated that the canned legumes market in Europe will continue to contribute a relatively large amount to the global canned legumes market. In Europe, Canned Legumes is expected to grow in revenue because consumers are increasingly seeking on-the-go breakfast products, which is expected to support revenue growth.
By the end of 2033, the Europe canned legumes market is anticipated to account for a 48% share of the global Canned Legumes market in terms of value. The UK, Germany, and France are the key markets in the region.
Nations like the Netherlands, Denmark, and Romania offer wide opportunities for canned legumes. Consumer demand for plant-based alternatives to meat protein has driven the market in Europe. In recent years, processed kidney beans have gained significant popularity across the region.
The canned legumes market in the USA currently holds a significant share and registered a market valuation of USD 842.08 million in 2023. The market is projected to reach a valuation of USD 1270.66 million by the end of 2033.
According to government initiatives, numerous legumes consumed in the USA are predicted to rise due to government initiatives that encourage more legume consumption. Among other initiatives, the United Nations General Assembly declared 2016 the International Year of Pulses. This initiative has encouraged Americans to consume legumes in their daily diet, leading to a rise in the use of canned legumes in the region.
Within the Europe canned legumes market, Germany is the main market to target as it has a high CAGR of 8.1% in terms of value. Currently, Germany is the leading country in this region and is accountable for the maximum market valuation.
Germany is predicted to hold a significant share of the global canned legumes market. This is due to the growing vegetarian population, rising demand for plant-based protein, and fitness and wellness trends within the region. Moreover, numerous consumers who want to eat canned legumes have bolstered the demand in the region.
China, the world’s second-largest economy, is forecast to reach a projected market size of USD 1082.71 million by 2033, growing at a CAGR of 6.8% over the analysis period 2023 to 2033. The country is currently holding a market valuation of USD 560.79 million in the year 2023.
The abundant availability of raw materials within China due to the increasing production of legumes within the region is expected to drive the regional market. Furthermore, legumes are widely consumed in Asian countries due to their nutritional benefits and ample availability, but the increasing preference of consumers for ready-to-cook food due to busy lifestyles will positively impact sales of these products.
Intensifying demand for clean-label products and the growing consumer inclination toward healthy foods is expected to be an opportunity for market players. Consumers are willing to pay premium prices for high-quality food, which will encourage companies to produce clean-label products with high-profit margins.
For instance, among its organic bean varieties, Green Valley launched five variants in January 2016. The products are packaged in cans and pouches that are self-stable. Moreover, according to Teasdale Latin Foods, a newly developed line of canned beans under the Teasdale, Simply Especial brand was introduced in April 2019.
For these companies to remain competitive, they are investing in research and development activities to stay abreast of consumer preferences and the demands of the end-user industries. Efforts are being made to strengthen their position in this market. They will be able to enhance their visibility within the forum as well as enhance canning legumes' development by enhancing their visibility.
Manufacturers of only canned products are facing new competition due to innovations in packaging, including pouches and cartons. As part of their efforts to gain a competitive advantage over other players in this industry, companies have introduced new canned legumes.
These players hold a key share of the market, making it a highly consolidated one. To achieve prominent market shares, companies are focusing on strategic initiatives based on price, quality, ingredients, and promotions.
To expand their presence and maintain their position in the market, these companies are increasing their investments in research and development (R&D) to develop innovative flavors and ingredients in line with consumer needs.
Key players operating the global canned legumes market include:
Key Developments for the Canned Legumes Market
Numerous companies operating in this market have launched new products and are increasing their product offerings. For instance,
| Attribute | Details |
|---|---|
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | USD billion for Value and MT for Volume |
| Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Oceania; The Middle East & Africa |
| Key Countries Covered | USA, Canada, Brazil, Mexico, Chile, Peru, Germany, UK, Spain, Italy, France, Russia, Poland, China, India, Japan, Australia, New Zealand, GCC Countries, North Africa, South Africa, and Turkey |
| Key Segments Covered | Type, Type of Category, Distribution Channel, Region |
| Key Companies Profiled | Alimenco Srl; Bush Brothers & Company; Conagra Brands; Co-op Food; Del Monte Food, Inc.; Del Monte Pacific Limited (Nutriasia, Inc.); Eden Foods, Inc.; Faribault Foods, Inc.; Fujian Chenggong Canned Food Co., Ltd.; Fujian Chenggong Fruits & Vegetables Food co., ltd; General Mills, Inc.; Goya Foods, Inc.; Kyknos; Napolina; SATKO; The Kraft Heinz Company; Yichang Tianyuan Canned Food Co., Ltd. |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The market is valued at USD 3.05 billion in 2023.
The United States market will reach USD 1270.66 million by 2033
The market may record a growth of 4.5% by 2033.
Alimenco Srl, Co-op Food, and Bush Brothers & Company are key players in the market.
Building personalized soup brands to generate profits in the market.
1. Executive Summary | Canned Legumes Market 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Type 5.1. Navy Beans 5.2. Peas 5.3. Chickpeas 5.4. Others 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Type of Category 6.1. Conventional 6.2. Organic 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 7.1. North America 7.2. Latin America 7.3. Europe 7.4. Asia Pacific 7.5. Middle East & Africa (MEA) 8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. Key Countries Market Analysis 14. Market Structure Analysis 15. Competition Analysis 15.1. Arrowquip 15.2. Real Tuff Livestock Equipment 15.3. Pearson Livestock Equipment 15.4. Mid Valley Manufacturing Ltd. 15.5. Tepari 15.6. Schulte CattleQuip 15.7. Wertzberger Ranch Equipment LLC 15.8. Lakeland Farm and Ranch Direct 15.9. WW Manufacturing 15.10. S&B Custom Innovations 16. Assumptions & Acronyms Used 17. Research Methodology
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Canned Legumes Market
