Market
Introduction:
Edible
beans are those seeds which are consumed by humans or animals. Edible
beans come in a wide variety, which includes kidney beans, navy
beans, black bean and pinto beans. All these beans belong to same
species i.e. Phaseolus Vulgaris L. but the beans differ in size,
shape, and color. Navy beans are small, creamy white beans which are
generally costlier than any other bean and primarily produced in
India, China, Indonesia, Brazil and the U.S. Black beans are small
sized beans that are black in color and is native to Latin America,
and these beans are a rich source of anthocyanin. Kidney beans, as
the name suggest are beans lectin phytohaemagglutinin, so it is
advised to presoak in water and must be boiled carefully to get rid
of the toxicity.
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Market
Segmentation:
Edible
beans market is segmented on the basis of source, type, distribution
channel, and region. On the basis of source the edible beans market
is segmented into organic beans and conventional beans. On the basis
of type the edible beans market is segmented into kidney beans, navy
beans, black bean, pinto beans and others. On the basis of
distribution channel, the market is segmented into
supermarket/hypermarket, online stores, specialty stores, grocery
stores, and convenience store. Grocery store and convenience store is
expected to hold relatively higher revenue share in the edible beans
market, which is followed by the supermarket/hypermarket.
Market
Regional Outlook:
A
regional segment for the market of edible beans is divided into five
different regions: North America, Latin America, Asia Pacific,
Europe, and MEA. Among these segment, Asia Pacific is expected to
have the major market share globally. Moreover, North America has
also emerged as a prominent market for edible beans, as the
popularity of organic beans is increasing to a significant level in
this region.
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Market
Drivers:
Edible
bean market is expected to grow rapidly over the forecast period.
This rapid growth of edible bean market can be attributed to the
growing health consciousness among consumers. According to a study,
it has been analyzed that forty-five percent of Americans seek out
for organic foods which is the main reason consumers in North America
are preferring for organic edible beans over conventional beans.
Edible beans are not only a rich source of flavonoid but it also
exhibits some special properties such as anti-cholesterol properties,
anti-inflammatory property, anti-oxidant property, and anti-cancerous
properties. All these versatile properties of edible beans are
expected to fuel the growth of the edible beans market. The rising
demand for products that have high protein content and high protein
fiber is increasing dramatically in countries such as U.K and US.
This is the key reason because of which pinto beans are mostly
consumed in the U.S. as it is a rich source of protein. Moreover,
edible beans are also known to balance the blood sugar level of the
body and also provides nutrients such as copper, folate, iron,
magnesium, manganese, phosphorous, potassium and zinc, which becomes
a key factor which is bolstering the growth of the edible beans
market. Lastly, with increasing innovation in packaging technology
and rapid shift towards consumption of packaged foods in developed
countries such as the U.S., Germany and the U.K., coupled with rising
consumer preference towards healthy foods is also driving the growth
of the global edible beans market.
Market
Key Players:
Some
of the key players in edible beans market includes Faribault Foods,
Bush Brothers & Company, Eden Foods, Inc, Wild Oats Marketing,
LLC., The Kroger Co., Green Valley Foods, LLC., Suma Wholefoods,
Phalada Pure&Sure, Trader Joe's, Ceres Organics, Bunalun USA and
Global Organics, Ltd. among others.
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