US Packaged Dry Rice Market (2019 – 2024)

admin — Sat, 12 Sep 2020 05:17:32 +0000

An increase in rice consumption by the majority of the population has led to a higher demand for packaged dry rice in the United States. Increasing health awareness, improved agricultural practices, and the introduction of innovative packaging solutions are some of the factors fueling the growth of the market. The US packaged dry rice market is projected to expand at a CAGR of 6.2%, and will reach a value of USD 11.5 Bn by 2024.
Segmentation based on product type:
The white rice segment holds the largest market share because of the higher preference for it among consumers in the US. This is because it can be preserved easily and has a longer shelf life than brown rice. Despite the lower nutrition content, white rice is more popular among consumers because it is softer and tastier, easy to digest, and takes less time to cook. The brown rice segment is expected to expand at a comparatively higher rate than the white rice segment during the forecasted period.

Segmentation based on distribution channel:
The supermarkets segment held the largest market share in 2018, and is expected to expand during the forecast period. Supermarkets allow consumers to view and compare products from various brands. This makes it convenient and saves time for consumers, while allowing them to choose the item that is best suited to their requirements. The convenient stores segment is projected to expand at the highest CAGR during the forecasted period. These stores have extended hours of operation, convenient locations, and stocks of popular brands, which attract and serve a large customer base.

Companies covered:
• Mars, Inc.
• McCormick & Company
• Ebro Foods, S.A.
• Hain Celestial Group
• Riceland Foods, Inc.
• Amira Nature Foods Ltd.
• Farmers’ Rice Cooperative
• The Sun Valley Rice Company, LLC
• American Commodity Company, LLC
• California Family Foods

The post US Packaged Dry Rice Market (2019 – 2024) first appeared on CRI Report.

US Packaged Dry Beans Market (2019-2024)

admin — Sat, 12 Sep 2020 05:17:24 +0000

Beans which are re-conditioned and packed into containers (such as plastic bags) for the retail market are known as dry packaged beans. Increasing health consciousness, a growing Hispanic population, easy storage of dry beans, and longer shelf life are some of the factors that will aid the growth of the market. Variants like pinto beans, navy beans, black beans, and kidney beans are used in dishes like soups, stews, sauces, and salads, and are often paired with rice. 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 supermarkets 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.

Companies covered
Eden Foods
Chippewa Valley Beans
21st Century Bean
Goya Foods
LH Hayward
N.K. Hurst Co.
Kelly Bean Co.
Hayes Food Products
Russel E. Womack, Inc.
Bob’s Red Mill Natural Foods

The post US Packaged Dry Beans Market (2019-2024) first appeared on CRI Report.

2019/8/7 – CRI Report

US Packaged Dry Rice Market (2019 – 2024)

US Packaged Dry Beans Market (2019-2024)