Rise in awareness about health among consumers across the world is fueling the growth of the global edible beans market. Edible beans are found to be a rich source of flavonoid. Apart from that these edible beans consist of properties such as anti-cholesterol properties, anti-oxidant properties, anti-cancerous properties, and anti-cholesterol properties. These all properties are anticipated to bolster the growth of the edible beans market.
Apart from these edible beans are found to balance the blood sugar level of the body. Edible beans are also known to be an excellent provider of nutrients like folate, copper, magnesium, phosphorous, manganese, zinc, potassium, and iron. Factors like this attributes to the growth of the global edible beans market.
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Evolution of the packaging technology accompanied with rise in shift towards intake of packaging foods in developed countries such as Germany, U.K., and the U.S tied with the upswing in preference towards healthy foods is promoting to the growth of the global edible beans market. Bad weather conditions is expected to deter the market growth in some regions. For example, regions such as Michigan and North Dakota in the U.S, which are considered to be major edible growing states were hit by adverse weather conditions.
Edible bean market is expected to grow rapidly over the forecast period. This rapid growth of edible bean market can be attributed to the growing health consciousness among consumers. According to a study, it has been analyzed that forty-five percent of Americans seek out for organic foods which is the main reason consumers in North America are preferring for organic edible beans over conventional beans. Edible beans are not only a rich source of flavonoid but it also exhibits some special properties such as anti-cholesterol properties, anti-inflammatory property, anti-oxidant property, and anti-cancerous properties. All these versatile properties of edible beans are expected to fuel the growth of the edible beans market.
The global edible beans market is classified on the basis of distribution channel, source, region and type. On the basis of source the market is segregated into conventional and edible beans. Based on the type, the market is bifurcated into navy beans, kidney beans, pinto beans, black beans, and others. Amongst these Navy beans are found to be more expensive and are mostly produced in Indonesia, China, the U.S., and Brazil. Black beans are found to be an excellent source of anthocyanin. Based on the distribution the edible beans can be found in online store, supermarket/hypermarket, convenience store, and grocery store. Convenience store and grocery store are expected to account for the major share in terms of revenue. Supermarket/hypermarket finds its position next to convenience and grocery store in term of higher revenue share.
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The global edible beans market is spread across Latin America, North America, Europe, MEA, and Asia Pacific. Amongst the pack Asia Pacific is expected to hold the major share. North America on the other is also emerging due to the ongoing trend in consumption of organic beans. Some of the major companies in the global edible beans market are Wild Oats Marketing, The Kroger Co., Suma Wholefoods, Trader Joe’s Bunalun USA, and Eden Foods, Inc,.