Thursday, August 29, 2019

What’s in store for the future of US Packaged Dry Beans Market?

Beans, an excellent source of protein and minerals such as iron, magnesium and zinc. Beans are even considered an excellent source of folic acid and have proven to be beneficial in reduction of birth defects such as Spina Bifida, besides protecting many against heart diseases. Naturally beans are an important part of the diet especially for vegetarians as a common misconception of vegetarianism is that people who do not eat meat or other non-vegetarian food items suffer from protein deficiency. Beans are a wonderful substitute for animal protein and hence its consumption should be promoted. Since the availability of beans round the year is a challenge, often one can see beans being dried and preserved so as to make it available round the year for those who need it as a substitute to animal protein.

As a result, the US packaged dry beans market is expected to expand at a compound annual growth rate (CAGR) of nearly 8.8% during the five-year period of 2019 to 2024 reaching a value of nearly USD 939.2 Million by the year 2024 from USD 616 Million in the year 2019. These facts and figures are taken from the marker research report published on the official website of market intelligence firm, Research On Global Markets.

This growth in the US packaged dry beans market is attributed to changing trends like increasing health consciousness which is making people in the US to switch to vegetarianism, easy storage and longer shelf life. In fact, dry beans are now a popular addition to the menu of restaurants and other food services. As people are getting increasingly conscious of what they are eating, restaurants are gearing up to be able to address the needs of this population. Legumes as we all know are a wise choice for its nutritional quality and culinary potential despite being a healthy dietary constituent.

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