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Dry Beans Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

  • ID: 4833327
  • Report
  • April 2021
  • Region: Global
  • 133 pages
  • Mordor Intelligence
The global dry beans market is projected to register a CAGR of 4.3% during the forecast period (2021-2026).

Due to the Covid-19 outbreak and the imposing of lockdown restrictions, there has been a surge in demand for dry beans because of their long shelf-life. The global pandemic has made people health-conscious and improves their immune systems. Dry beans being considered as the best alternative source of protein and other nutrients had led to an increase in demand across the world. The sudden surge in demand has made it difficult to the producers to maintain a continuous flow of supply.

In 2019, Myanmar is the world's leading producer of dry beans, accounting for nearly 20.2% of the total output. In 2017, dry bean production declined, due to unfavorable weather conditions and uneven rainfall in the producing countries. The production of dry beans is majorly affected by several factors, such as environmental hazards, bio stress, and government policies of countries. Beans are subject to several bacterial and viral diseases as well, particularly at times of high temperature, high humidity, and heavy rainfall. Such unfavorable climatic conditions, along with diseases and pest infestation, often take a heavy toll on the yield of dry beans. Top global dry bean producers are Myanmar, India, Brazil, China, Mexico, Tanzania, the United States, Kenya, Uganda, and Rwanda. Major importers include India, China, Bangladesh, the United States, and Egypt.

Key Market Trends

Increasing Inclination Toward Vegan Diet

Food consumption patterns are changing rapidly. As of 2018, the number of people following the animal-free diet had significantly increased, which is one of the major drivers for the dry beans industry. Dried beans have a high content of fibers and proteins, which makes it ideal for people with diabetes, as well as for people who want to reduce their meat consumption. Over the years, there has been an increasing trend of veganism in Europe and the United States, which is spreading across the world. Moreover, people are focused on plant-based diets, which has been the reason for the higher consumption of dry beans. The intake of animal protein, which is associated with high cholesterol levels, fat, and calories, increases the risk of cardiac diseases, high blood sugar levels, and obesity. Hence, people have an inclination toward vegan sources of protein. In conclusion, increasing the adoption of plant-based protein, owing to the awareness about the benefits offered by a plant-based protein among consumers in the potential market, is one of the major factors spurring the demand for dry beans across the world.

Asia-Pacific is Dominating the Market, in Terms of Production

Myanmar is one of the largest producers and exporters of dry beans in Asia-Pacific, globally. One of the principal factors responsible for the highest production of beans in Myanmar is the need to use land instead of keeping it idle after rice cultivation. Beans can be planted at the beginning of the winter season and can thrive on the leftover moisture of the rainy season, as they do not require additional artificial irrigation facilities in the absence of rain, which makes the cultivation cost-effective with no additional allocation of resources required for cultivation. Myanmar is also one of the largest exporters of dry beans, and a ready Indian market imported a significant portion of its production, although the restriction on import quota of beans by the Indian government adversely affected the market for dry beans in Myanmar in 2017. The major countries that imported dry beans from Myanmar, in terms of value, as of 2019, were India (USD 325,524 thousand), China (USD 260,687 thousand), Singapore (USD 68,458 thousand), and Pakistan (USD 43,736thousand), among others.

Reasons to Purchase this report:
  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support
Note: Product cover images may vary from those shown
1 INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Value Chain Analysis

5 MARKET SEGMENTATION (Production Analysis, Consumption Analysis by Value & Volume, Import Analysis by Value & Volume, Export Analysis by Value & Volume and Price Trend Analysis)
5.1 Geography
5.1.1 North America
5.1.1.1 United States
5.1.1.2 Mexico
5.1.2 Europe
5.1.2.1 Russia
5.1.2.2 Turkey
5.1.2.3 Italy
5.1.3 Asia-Pacific
5.1.3.1 Myanamar
5.1.3.2 India
5.1.3.3 China
5.1.3.4 Australia
5.1.4 South America
5.1.4.1 Argentina
5.1.4.2 Brazil
5.1.5 Middle-East and Africa
5.1.5.1 United Republic of Tanzania
5.1.5.2 Uganda
5.1.5.3 Kenya

6 MARKET OPPORTUNITIES AND FUTURE TRENDS

7 AN ASSESSMENT OF COVID-19 IMPCT ON THE MARKET
Note: Product cover images may vary from those shown

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