The global canned legumes products market was valued at USD 10.9 billion in 2022 and is projected to expand at a CAGR of 8.3% from 2023 to 2030. Canned legumes are gaining traction as a fast and convenient food item for modern customers. The increasing demand for convenience foods is one of the key factors driving the growth of the canned legumes market. Additionally, the rising awareness of the health benefits of legumes among consumers is expected to further fuel market growth. Legumes are a rich source of dietary fiber, protein, vitamins, and minerals, and are considered a healthier alternative to red meat.

The rising trend of veganism is also boosting the demand for canned legumes. Furthermore, the widespread availability of canned legumes in retail stores and online platforms is increasing the sales. The convenience of having a variety of canned legumes products available in stores has further added to the consumer’s convenience. Additionally, the growing popularity of canned legumes as a ready-to-eat snack is driving the market. Furthermore, the increasing demand for ready-to-eat meals is propelling the demand for canned legumes. For instance, in March 2021, the US-based canned legumes company, Pacific Foods, launched a new line of ready-to-eat vegan meals and snacks, which are made with organic legumes and grains.

The growing demand for organic canned legumes is further contributing to the market growth. For instance, in March 2021, the US-based canned legumes company, Pacific Foods, launched a new range of organic canned legumes which are made with organic legumes and grains. Additionally, the growing number of product launches and innovations by market players is expected to further fuel the growth of the market. For instance, in April 2021, B&G Foods, Inc. launched a new range of canned legumes products under its Green Giant brand. The new products are targeted at health-conscious customers and are made with simple ingredients and no artificial preservatives or flavors.

The rising demand for canned legumes products in emerging economies is expected to further fuel the market growth. The growing disposable income and the rising awareness of the health benefits of legumes among consumers in developing countries are driving the growth of the market in these countries. Additionally, the increasing availability of canned legumes in retail stores and online platforms is further boosting the sales of canned legumes in these countries. Furthermore, the rising trend of snacking is driving the demand for convenient food items, such as canned legumes, which is expected to further fuel the growth of the market.

Canned legumes held the largest market share in 2019. The largest share is attributed to the convenience of canned legumes, which can be stored for a long period of time. Furthermore, the increasing awareness among consumers regarding health benefits of legumes such as protein, fiber, vitamins, and minerals are driving the growth of the market. According to an article published by the Harvard T.H. Chan School of Public Health, in July 2019, legumes are rich sources of dietary fiber and help reduce the risk of obesity and heart disease.

Furthermore, the rising demand for convenience food and growing demand from the foodservice industry are boosting the demand for canned legumes globally. Additionally, the growing trend of veganism is also propelling the market growth. According to an article published by the Good Food Institute, in January 2020, the number of vegan Americans has risen from 1% in 2014 to 6% in 2017. Furthermore, the increasing concerns about animal welfare and environmental benefits associated with vegan diets are also driving the growth of canned legumes market.

The supermarkets and hypermarkets segment accounted for the largest market share of over 34.7% in 2022. The growth of the segment is attributed to the rising consumer preference for supermarkets & hypermarkets as a primary source for purchasing grocery items. According to a 2020 survey by Grand View Research, nearly 74% of consumers prefer to buy canned legumes from supermarkets & hypermarkets due to the availability of a wide range of products. These establishments also provide assistance to customers in making rapid purchasing decisions for the required product.

The online segment is anticipated to expand at the highest CAGR of 12.2% over the forecast period. The emergence of e-commerce has revolutionized the way consumers purchase goods, with a growing number of customers opting to shop online due to the convenience and discounts offered by online retailers. For instance, in April 2021, Amazon launched Amazon Pantry, a subscription service for grocery items, including canned legumes. The service offers a wide range of products, including canned vegetables, beans, lentils, and other legumes, at discounted prices.

The canned segment is expected to be the largest revenue generating segment in the canned legumes market in 2022. The convenience of ready-to-eat canned legumes has driven their demand as they require less time to prepare. Also, the increasing trend of veganism, health consciousness, and convenience food consumption among consumers is driving the demand for canned legumes. For instance, according to the Vegan Society, the number of vegans increased by 600% in the U.K. from 2014-2019. The increasing demand for convenience food among consumers is likely to be a major driver for the canned segment.

The frozen segment is expected to expand at the highest CAGR of 3.4% over the forecast period. The rising number of working women and their increasing demand for ready-to-eat meals are driving the demand for frozen legumes. Growing population and rising disposable income in emerging regions such as India and China are also driving the demand for frozen legumes. For instance, according to the World Bank, the per capita income in India increased from USD 1,611 in 2016-17 to USD 1,861 in 2017-18.

North America dominated the market and accounted for the largest revenue share of over 28.5% in 2022. An increase in demand for nutritious and convenient food products among health-conscious consumers is a key factor behind this growth in the region. Additionally, the growing demand for plant-based proteins among health-conscious consumers across the region is further propelling the demand for canned legumes. For instance, in August 2021, the U.S. legume-based snacks producer, GoGo Quinoa, launched a new vegan chickpea snack.

Europe is expected to witness the second-fastest growth in the coming years. Rising veganism, as well as growing demand for convenience foods in the region, is expected to drive the growth of the market. Additionally, the presence of a large number of food processing companies in the region is further expected to fuel the demand for canned legumes. For instance, in February 2022, French canned legume producer, Bonduelle, launched a new range of organic canned legumes.

In this part of the canned legumes products business plan, we will provide a detailed breakdown of all income and expense categories of the business. These forecasts include cash flow projections and capital requirements for your canned legumes product business. Usually, these projections are drafted for a 5-year period.

Revenue Assumptions

The main source of revenue for a canned legumes products business comes from the sale of canned legume products. Here you will find a list with a description of each of them and other possible sources of profit such as discounts, bulk orders, and sales of other related products.

Projecting Expenses

In this section, all the regular expenses related to keeping the canned legumes products business running will be described. The list of operating expenses includes raw materials, packaging, transportation, salaries, taxes, advertising and marketing, rent, utilities, and insurance.

Some of the key companies operating in the canned legumes market are increasingly focusing on product launches and expansion of the distribution channel to gain prominent visibility among consumers. Some of the initiatives are:

– In June 2022, B&G Foods, Inc. launched a new line of canned legumes under the brand name ‘Healthy Harvest’.

– In August 2022, Del Monte Foods, Inc. launched a new line of canned legumes under the brand name ‘Del Monte Kitchen’.

– In October 2022, Bush Brothers & Company launched a new line of canned legumes under the brand name ‘Bush’s Best’.

Some of the prominent players in the canned legumes market include:

– B&G Foods, Inc.
– Del Monte Foods, Inc.
– Conagra Brands, Inc.
– Kraft Heinz Company
– CSC Brands, LP
– Hormel Foods Corporation
– Seneca Foods Corporation
– Bush Brothers & Company
– Faribault Foods, Inc.
– The Hain Celestial Group, Inc.

This report forecasts growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global canned legumes products market based on product type, distribution channel, and region:

1. Product Type Outlook (Revenue, USD Million, 2017 – 2030)

– Beans
– Chickpeas
– Lentils
– Peas
– Others

2. Distribution Channel Outlook (Revenue, USD Million, 2017 – 2030)

– Grocery Stores
– Online
– Specialty Stores
– Others

3. Regional Outlook (Revenue, USD Million, 2017 – 2030)

– North America
– Europe
– Asia Pacific
– Central & South America
– Middle East & Africa

[Q]: What are the major factors driving the growth of the canned legumes market?
[A]: Increasing demand for convenience food, rising health consciousness among consumers, and advancements in packaging technologies are the major factors driving the growth of the canned legumes market. The growing popularity of organic legumes is also boosting the growth of the canned legumes market.

[Q]: What are the major trends being witnessed in the canned legumes market?
[A]: Growing demand for ready-to-eat and ready-to-cook food products, increasing demand for organic and sustainable products, and increased focus on product innovation and packaging are some of the major trends being witnessed in the canned legumes market.

[Q]: Who are the key players in the canned legumes market?
[A]: The key players in the canned legumes market include B&G Foods, Inc., Bonduelle Group, Conagra Brands, Inc., Hain Celestial Group, Inc., Simplot Food Group, and The Kraft Heinz Company.

[Q]: What are the major regions contributing to the growth of the canned legumes market?
[A]: North America and Europe are the major regions contributing to the growth of the canned legumes market. The increasing demand for convenience food, rising health consciousness among consumers, and advancements in packaging technologies are some of the key factors driving the growth of the market in these regions.

[Q]: What are the key strategies adopted by the market players to gain a competitive edge?
[A]: The key strategies adopted by the market players to gain a competitive edge include product innovation and expansion, new product launches, and strategic partnerships and collaborations. Additionally, companies are focusing on increasing their presence in emerging markets to gain a competitive edge.