The global dry beans market is anticipated to grow at a CAGR of around 5% during the forecast period. The huge amount of benefits that these products offer is a major factor to drive the growth of the market across the globe. Dry beans are the highly nutritious food available in the market. The dry beans are one of the most cost-effective sources of both complex carbohydrates and protein. In addition to this, the consumption of dry beans provides zinc, magnesium, iron, potassium, and other soluble fiber in huge amounts. The daily consumption of the cooked or uncooked dry beans offers several health benefits, such as improved digestion, boost immunity, weight loss, reduce blood sugar levels, and maintain low blood pressure.
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The global dry beans market is further segmented on the basis of geography including North America, Europe, Asia-Pacific, and the Rest of the World. North America held a considerable share in the market in 2018. The major factor for the high market share in the region is the substantial number of production sites of dry beans in the US and Canada. According to the USDA 2017, in 2016, the US production of dry beans totaled 28.7 million cwt. Moreover, the presence of major market players in the US is supporting the dominance of North America in the market by investing a significant amount in R&D activities.
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Dry beans are highly utilized by the flour mills, restaurants, household, and snacks-manufacturing industries. The significant rise in the demand for an animal-free diet which is rich in protein is one of the key factors to drive the growth of the dry beans market during the forecast period. The fibers and protein content of dry beans is high that makes them ideal for the consumption by diabetic patients. The dry beans are also suitable for the individuals who want to decrease the consumption of meat without making any compromise on the protein and fiber content of their diet. There exists an increasing inclination of European and North American countries towards being vegan which is slightly reaching across the globe which in turn is anticipated to drive the growth of the market across the globe.
Global Dry Beans Market – Segmentation
By Application
Food and Beverages
Chemical
Pharmaceutical
Others
Global Dry Beans Market – Segmentation by Region
North America
United States
Canada
Europe
Germany
United Kingdom
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
Rest of Asia-Pacific
Rest of the World
Company Profiles
21st Century Bean
Better Bean Company
Bonita Bean Company
Bush Brothers & Company
Central Bean Company, Inc.
Colin Ingredients
Eden Foods
Elegant Beans and Beyond
Four Oaks Farm
Garlico Industries Ltd.
Genesee Valley Bean Company, Inc.
Goya Food Inc.
Harmony House Foods, Inc.
Hayes Food Products Inc.
Kelley Bean Co.
Legume Chef
NK Hurst Company, Inc.
Ruchi Foods LLP
Weststar Food Co.
Zürsun Idaho Heirloom Beans
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