DUBLIN–(BUSINESS WIRE)–The “US Packaged Dry Beans Market (2019-2024)” report has been added to ResearchAndMarkets.com’s offering.
The US packaged dry beans market is anticipated to expand at a CAGR of 8.8% during the 2019-2024 period and will reach a value of USD 939.2 Mn by 2024, from USD 616.0 Mn in 2019.
Segmentation based on product type
Based on product type, the pinto beans segment held a market share of more than half in 2018 and is anticipated to expand at a CAGR of 2.6% during the 2019-2024 period. A growing Hispanic population, which consumes more than half of the total pinto beans in the market, makes up for a significant portion of the demand for this segment.
It was followed by the black beans segment, with a market share of around 24% in 2018, owing to its increasing popularity among Mexican food consumers in the US. During the 2019-2024 period, the navy beans segment is expected to have the highest CAGR (~19%), owing to its popularity among the White population.
Segmentation based on distribution channel
Based on the distribution channel, the supermarket’s segment accounted for the highest market share (~69%) in 2018. Supermarkets house several brands and different types of packaged dry beans for consumers to choose from. The convenience stores segment is expected to expand at a CAGR of more than 10%. These type of stores are in the vicinity of residential areas and are open for a greater part of the day.
This gives consumers the flexibility to buy packaged dry beans from their nearby stores, whenever they are free to do so. It is anticipated that the department stores segment will experience a moderate growth rate of over 6% during the 2019-2024 period, and will reach a value of USD 186.18 Mn by 2024. The consolidation of department stores, growing online and e-commerce channels, and the introduction of small shops in the U.S. are expected to contribute to this modest growth rate.
Key Topics Covered:
1. Executive Summary
1.1 Market scope and segmentation
1.2 Key questions answered in the study
1.3 Executive summary
2.1 Market definitions
2.2 Market trends
2.3 Market drivers
2.4 Market challenges
2.5 Value chain of packaged dry beans market
3. US Packaged Dry Beans Market Overview
3.1 Market overview
3.1.1 US market revenue – (2016-2018) (USD Bn)
3.1.2 US forecast market revenue – (2019-2024) (USD Bn)
3.1.3 Consumption analysis
3.1.3.a Per capita consumption
3.1.3.b Demographics analysis (age, gender, race)
4. US Packaged Dry Beans Market – Segment Insights
4.1 Based on Product Type
4.1.1 Revenue (2016-2024) (USD Bn)
4.1.1.a Black Beans
4.1.1.b Navy Beans
4.1.1.c Pinto Beans
4.1.1.d Kidney Beans
4.1.2 Key Insights
4.2 Based on Distribution Channel
4.2.1 Revenue (2016-2024) (USD Bn)
4.2.1.b Department Store
4.2.1.c Convenience Stores
4.2.2 Key Insights
5. Competitive Landscape
5.1 Eden Foods
5.1.1 Company snapshot
5.1.4 Growth strategy
5.2 Chippewa Valley Beans
5.3 21st Century Bean
5.4 Goya Foods
5.5 LH Hayward
5.6 N.K. Hurst Co.
5.7 Kelly Bean Co.
5.8 Hayes Food Products
5.9 Russel E. Womack, Inc.
5.10 Bob’s Red Mill Natural Foods
5.11 Ceridian HCM, Inc.
5.12 IBM Corporation
For more information about this report visit https://www.researchandmarkets.com/r/ue3qle
Laura Wood, Senior Press Manager
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