Pinto Bean Market Size, Share & Industry Analysis, By Nature (Organic, Conventional), By Application (Snacks, Ready-to-cook Products, Canned Beans) and regional Forecast, 2024-2032

In recent years, consumer dietary preferences have significantly evolved. The trend of healthy snacking is emerging across the globe owing to the rising awareness of dietary habits-realted health conditions such as diabetes, obesity and cardiovascular diseases. Legume-based snacks is an emerging category in the healthy snacking space. Dry beans such as pinto beans are gaining traction in nutritious, on-the-go snacks segment. Pinto beans are considered as a perfect food owing to their high fiber, protein, prebiotic, vitamin B, and chemically assorted micronutrient composition. Furthermore, pinto beans have been proved to be the important source of various nutrients and phytochemicals that protect against the risk multiple lifestyle related health conditions.

Increasing innovations by manufacturers to develop new flavours and healthy variants of pinto beans products is fuelling the growth of the market. Shelled pinto beans are typically sold as dried, pre-cooked in cans or as an ingredient in a range of processed foods such as ready-to-cook meals, salads and soups.When combined with whole grains such as brown rice, pinto beans provide a fat-free, high quality protein. The growing demand for organic and clean-label products, especially in developed countries will contribute to further innovations and new product developments in the industry. The increasing partnerships and collaborations between leading players for product development are expected to drive the growth of the market.

In recent years, there has been a significant shift in consumer dietary preferences. Globalization, growing millennial population and hectic lifestyle are few of the factors that drive the demand for on-the-go healthy snack foods such as spiced beans and bean chips. The growing popularity of prebiotic foods to reduce the risk of cardiovascular conditions such as hypertension has positively influenced the demand for pinto beans owing to its high fibre content. The increasing demand for low-calorie snacks to reduce obesity and the risk diabetes also fuels the growth of the global pinto beans market. Furthermore, the emerging trend of plant-based nutrition is expected to drive the advancements in the pinto bean market.

On-the-go snacking trend is evolving across the globe and food manufacturers are introducing various innovative snacks in the market to capitalize on the growing demand. Bean-based snacks category is facing intense competition from other healthy snacking options such as baked cereals and cereal bars. The availability of variety of other snack foods acts as a key restraint for the growth of the pinto bean market. Moreover, the groing demand for the other varieties beans such as kidney beans, cheakpeas and navy beans is expected to hamper the growth of the pinto bean market.

Key Market Driver -

Rising Trend of Healthy Snacking

Key Market Restraint -

Intense Competition due the Availability of Other Snacking Options in the Market

Key Players Covered:

Cascade Organic Flour, LLC, Beanitos LLC, Bonita Bean Company, 21st Century Bean Processing LLC, C & F Foods, Inc., Columbia Bean & Produce Co., Inc., G. F. Bean Company, LLC, Goya Foods, Inc., Jack’s Bean Company, LLC, and KC Trading Company, LLC are the key players operating in the global pinto bean market.

Organic pinto bean products are expected to exhibit strong sales performance due to the growing popularity of organic foods. Organic beans are perceived to be safer and healthier as compared to conventional beans. The innovations and product developments to introduce organic pinto bean-based snacks in the market is anticipated to contribute to the growth of the market. The increasing utilization of canned beans in the foodservice sector is projected to drive the demand for conventional pinto beans.

Snacks category is expected to witness robust growth attributed to the emerging trend of healthy snacking. The modern-day hectic lifestyle of consumers has resulted in the increased demand for on-the-go nutrition in the form of snacks. The popularity of ready-to-cook meals such soups and gravies is also likely to propel the demand for pinto beans to utilize in the processing of these products.

Regional Analysis:

North America is expected to exhibit strong growth of the market as healthy snacking trend is significantly growing in the region. According to the United States Department of Agriculture, U.S. consumption of legumes reached 11.7 pounds per person in 2017, up from 8.0 pounds per person in 2014. The increasing popularity of naturally gluten-free, high-fiber, and foods with higher protein content, has led to the increased consumption of legumes in the U.S. The increasing investment in new product development to create innovative pinto bean-based meals is expected to drive the growth of the market in the region.

Europe is projected to witness substantial growth owing to the increasing developments across the legume-based food preparations segment. The large markets for dry beans in Europe are Italy and the United Kingdom, traditional consumer base and the canned bean industry. Recent advancements in convenience foods and the growing popularity of plant proteins is expected to support the growth of the pinto bean market in the region. Asia Pacific is projected to exhibit promising growth owing to the increasing snacking culture in the region. The rising millennial population wanting to adopt western snacking habits is driving the demand for pinto bean snacks in Asian countries. The growing popularity of organic products in countries such as Japan and Australia is expected to fuel the growth of organic pinto bean segment in the region.

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Segmentation

Key Industry Developments

• In June 2019, Siete Family Foods launched a sprouted bean dip made with pinto beans that have been soaked and sprouted. The product has been launched to capitalize on the growing popularity of pint beans.


• In January 2019, Beanitos, a Texas-based company introduced a new bean chip line that is made by using whole black pinto or white beans. The product delivers higher nutrition and more flavour.