Increasing Health Consciousness May Drive Market for Edible Beans to Attain US$ 20.1 Bn by 2026 End

Los Angeles, March 09, 2020 -In the latest report, titled, “Global Edible Beans Market 2020 by Growers, Regions, Type and Application, Forecast to 2026” experts have offered an exhaustive analysis of the global Edible Beans market. In 2019, the market size for Edible Beans was US$ 16.6 Bn and it is anticipated to attain value of US$ 20.1 Bn by 2026 end. The global Edible Beans market is likely to grow at 2.8% from 2020 to 2026.

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Growing Preference for Healthy Food to Induce Demand for Edible Beans

Edible Beans are gaining widespread acceptance among health conscious people owing to their nutritional value. Consumers are shifting their preference from animal-based proteins to plant-based proteins, thus favourably supporting the global Edible Beans market growth. Moreover, there have been advancements in the packaging technology, which is eventually increasing the demand for packaged foods, including edible beans. On the other hand, lack of weed control options and specific climate requirements for crop production may act as key challenges for the manufacturers.

Consumption of Pinto Beans to Increase in Near Future     

Some of the key product types in the global Edible Beans market include Pinto Beans, Navy Beans, Great Northern Beans, Red Kidney Beans, Black Beans, Chickpeas, and others. As per the analysts, Pinto Beans may witness increased demand owing to its rich protein content. Based on the application, the market for Edible Beans is segregated as household, food production, and other uses. Household usage of Edible Beans is anticipated to gain popularity as compared to other applications.

Myanmar Growers to Emerge as a Leading Grower Segment

As far as the grower is concerned, the global Edible Beans market is divided into India Growers, Myanmar Growers, Brazil Growers, U.S. Growers, China Growers, Mexico Growers, Tanzania Growers, and Uganda Growers. The Myanmar Growers segment is likely to witness lucrative growth in the forthcoming years as Myanmar is considered one of the leading producers and exporters of edible beans to countries like India, Indonesia, and Japan.

Growing Veganism to Boost Market Growth in the US

Increasing veganism is also positively impacting the Edible Beans market growth in Europe and the US. Consumption of Edible Beans is increasing in the US owing to growing health consciousness. Moreover, popularity of organic beans is expected to increase in North America in the coming years. Asia Pacific could also emerge as a promising region in the years to come.

Manufacturers to Develop Novel Varieties of Edible Beans in Future

The report has analysed the key companies functioning in the global Edible Beans market including The Kroger Co., Faribault Foods, Eden Foods, Inc, Bush Brothers & Company, Wild Oats Marketing, LLC., Green Valley Foods, LLC., Trader Joe's, Phalada Pure&Sure, Ceres Organics, Bunalun USA, Suma Wholefoods, and Global Organics, Ltd. It has been anticipated that the manufacturers will develop novel varieties of Edible Beans to meet the growing demand among the consumers.

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