Worldwide Dry Beans Market Forecasts to 2024 - Increasing Demand for Vegan Sources of Protein Spurs Industry Growth - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Nov 29, 2019--
The “Dry Beans Market - Growth, Trends, and Forecast (2019 - 2024)” report has been added to ResearchAndMarkets.com’s offering.
The global production of dry beans was 32.7 million metric tons in 2018 and is expected to register a CAGR of 4.2% during the forecast period (2019-2024).
Myanmar is the world’s leading producer of dry beans, accounting for nearly 19.3 % of the total output. Dry beans production declined in the year 2017, because of unfavorable weather conditions and uneven rainfall in the producing countries. Major importers of dry beans are India, Pakistan, China, and Turkey.
Key Market Trends
Increasing Demand for Vegan Sources of Protein
The number of people following animal-free diet has significantly increased, which is a major driver for the dry beans industry. Dried beans have high content of fibers and proteins, which makes it ideal for people with diabetes as well as for people who would want to reduce their meat consumption.
There is an increasing trend of veganism in Europe and the United States, which is spreading across the world. Moreover, people are focused toward plant-based diets, which has also been the reason for higher consumption of dry beans. People are becoming health-conscious and switching their sources of protein from animal-based to plant-based, as there are increasing concerns about organic food worldwide.
Myanmar - One of the Largest Dry Beans Market Producer and Exporter
Myanmar is one of the largest producer and exporter of dry beans in the world. One of the principal factors responsible for the highest production of beans in Myanmar is the need to use land instead of keeping it idle after the rice cultivation. Beans can be planted at the beginning of winter season and can thrive on the leftover moisture of the rainy season, not requiring additional artificial irrigation facilities in the absence of rain, which makes its cultivation cost effective with no additional allocation of resources required for cultivation.
Myanmar is also one of the largest exporters of dry beans, and a ready Indian market imported a significant portion of it, although the restriction on import quota of beans by Indian government adversely affected the market of dry beans in Myanmar in 2017. The major countries that import dry beans from the Myanmar in terms of value, as of 2017, are - India (USD 414,766 thousand), Indonesia (USD 43,238 thousand), Japan (USD 28,421 thousand), and Malaysia (USD 27,949 thousand), among others.
Key Topics Covered:
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Introduction to Market Drivers and Restraints
4.3 Market Drivers
4.4 Market Restraints
4.5 Industry Attractiveness - Porter’s Five Force Analysis
4.5.1 Bargaining Power of Suppliers
4.5.2 Bargaining Power of Buyers/Consumers
4.5.3 Threat of Substitute Products
4.5.4 Threat of New Entrants
4.5.5 Competitive Rivalry
5 MARKET SEGMENTATION
5.1.1 North America
22.214.171.124.1 Production Analysis
126.96.36.199.2 Consumption Analysis and Market Value
188.8.131.52.3 Import Market Analysis (Volume and Value)
184.108.40.206.4 Export Market Analysis (Volume and Value)
220.127.116.11.5 Price Trend Analysis
5.1.3 Asia Pacific
5.1.4 South America
5.1.5 Middle East and Africa
6 PROCUREMENT REFERENCE MATRIX
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/it3y22
View source version on businesswire.com:https://www.businesswire.com/news/home/20191129005256/en/
Laura Wood, Senior Press Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
INDUSTRY KEYWORD: FOOD/BEVERAGE RETAIL
SOURCE: Research and Markets
Copyright Business Wire 2019.
PUB: 11/29/2019 10:01 AM/DISC: 11/29/2019 10:01 AM