According to a new report Global Canned Legumes Market, published by KBV research, The Global Canned Legumes Market size is expected to reach $3.1 billion by 2026, rising at a market growth of 6.1% CAGR during the forecast period.
The offline distribution channel held the largest share in the market. High penetration of supermarkets, hypermarkets, and grocery stores has boosted sales of canned legumes through the offline distribution channel. The growth of this distribution channel across the globe has been boosted by an increasing number of food chains in South America, Asia Pacific, and Africa. The channel of online distribution is projected to see the fastest growth over the forecast period. In view of the growing trend of online shopping, large grocery chains such as Walmart and Target have developed online services.
Beans recorded a dominating market share in the canned legumes market. These legumes are increasingly popular for their high nutritional value. The processed beans have gained considerable traction among modern consumers because they do not require to wash, peel, or cook like the product's raw form.
North America is set to witness the promising growth in the years to come. Consumers in the U.S. have been consuming processed beans and pulses increasingly in the last few years due to their convenience. The Europe market dominated the Global Canned Legumes Market by Region in 2019. Additionally, The Asia Pacific market is expected to witness a CAGR of 7.6% during (2020 - 2026).
Structural Insights: https://www.kbvresearch.com/canned-legumes-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of The Hain Celestial Group, Inc., Del Monte Pacific Limited (Nutriasia, Inc.), Conagra Brands, Inc., General Mills, Inc., The Kraft Heinz Company, Eden Foods, Inc., Goya Foods, Inc., Bush Brothers and Company, Teasdale Foods, Inc., and Fujian Chenggong Canned Food Co., Ltd.
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