Black Beans Prices

Black Beans Prices December 2023

In the fourth quarter of 2023, the price of black beans in the United States reached 0.55 USD/lb by December.

Black Beans Price Trend, Market Analysis, and News

IMARC's latest publication, “Black Beans Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” presents a detailed examination of the black beans market, providing insights into both global and regional trends that are shaping prices. This report delves into the spot price of black beans at major ports and analyzes the composition of prices, including FOB and CIF terms. It also presents a detailed black beans price trend analysis by region, covering North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The factors affecting black beans pricing, such as the dynamics of supply and demand, geopolitical influences, and sector-specific developments, are thoroughly explored. This comprehensive report helps stakeholders stay informed with the latest market news, regulatory updates, and technological progress, facilitating informed strategic decision-making and forecasting.

Black Beans Market Analysis

• Black beans, rich in protein, fiber, and essential nutrients, are increasingly recognized for their health benefits. This awareness has been a significant driver of the global black beans market. Black beans are particularly noted for their high fiber content, which aids in digestion and helps maintain blood sugar levels. They are also a good source of plant-based protein, making them an essential dietary component for vegetarians and vegans. Moreover, black beans contain a variety of vitamins and minerals, including folate, magnesium, and iron, which are crucial for overall health. According to the MAYO CLINIC, a certain amount of black beans in your diet can offer 28% to 32% of the recommended value of fiber. This nutritional profile has attracted health-conscious consumers worldwide, boosting the demand for black beans in various forms, including canned, dried, and as an ingredient in health foods.
• The growing trend toward plant-based diets is another crucial factor driving the global black beans market. As more individuals adopt vegetarian, vegan, and flexitarian lifestyles, the demand for plant-based protein sources has increased. Black beans are an excellent alternative to animal proteins, providing essential amino acids and fitting well into various culinary traditions. The rise of plant-based diets is partly driven by concerns over health, environmental sustainability, and animal welfare. According to the IMARC GROUP, the global plant-based protein market reached US$ 15.8 Billion in 2023, and is expected to reach US$ 28.6 Billion by 2032, exhibiting a CAGR of 6.82% during 2024-2032. This shift in consumer preferences has led to increased incorporation of black beans into a variety of food products, including burgers, soups, salads, and snacks. Additionally, food manufacturers are innovating with black bean-based products to cater to this growing market, further driving demand.
• The global culinary landscape has seen a significant rise in the popularity of Latin American cuisine, which heavily features black beans. Dishes such as burritos, tacos, enchiladas, and feijoada (a Brazilian black bean stew) have gained international acclaim. This growing interest in Latin American flavors and dishes is a major factor propelling the black beans market. Latin American cuisine is celebrated for its bold flavors and use of diverse ingredients, with black beans being a staple. The spread of this cuisine through restaurants, cooking shows, and social media has introduced black beans to a broader audience. According to a report by the NATIONAL LIBRARY OF MEDICINE, Mexican restaurants alone hold 8% of all US restaurants. This trend is limited to dining out and influences home cooking and packaged food products. As a result, the demand for black beans as a key ingredient in authentic Latin American dishes continues to rise, fueling market growth globally.

Black Beans News

The report covers the latest developments, updates, and trends impacting the price of black beans, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, technological innovations, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the black beans price trend.

Latest developments in the black beans industry:

• In March 2024, the spike in black bean production in Brazil may lead to reduced planted areas in the next harvest and eventual scarcity, resulting in anticipated price hikes by 2025.

Product Description

Black beans, also known as black turtle beans, are small, shiny legumes that are a staple in Latin American cuisine. They belong to the species Phaseolus vulgaris, the common bean. Renowned for their dense texture and rich, earthy flavor, black beans are a versatile ingredient in various dishes, including soups, stews, salads, and as a filling for burritos and tacos. Nutritionally, they are a powerhouse, offering high levels of protein, dietary fiber, and essential vitamins and minerals such as folate, magnesium, and iron. These nutrients contribute to numerous health benefits, including improved digestion, stabilized blood sugar levels, and enhanced muscle and nerve function.

Black beans are typically grown in warm climates. The cultivation process begins with planting seeds in well-drained soil with good sunlight exposure. They require regular watering and must not be waterlogged, as excess moisture can harm the roots. The plants usually take about 90-120 days to mature, with the pods turning dark as they ripen. Once harvested, the beans are dried and can be stored for extended periods. Farmers often employ crop rotation techniques to maintain soil health and ensure sustainable farming practices.

Regional Coverage

The report provides a detailed analysis of the market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of FOB and CIF prices, as well as the key factors influencing the black beans price trend. 

Global Black Beans Price

The report offers a holistic view of the global black beans pricing trends in the form of black beans price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price levels but also provides insights into historical price of black beans, enabling stakeholders to understand past fluctuations and their underlying causes. The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed black beans demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Black Beans Price

European black beans prices are examined, highlighting the market-specific influences in the region, such as stringent environmental regulations, the competitive landscape, and import-export imbalances that significantly affect pricing structures.

Detailed price information for black beans can also be provided for an extensive list of European countries.

North America Black Beans Price

The analysis of black beans prices in North America delves into the regional industry dynamics, encompassing the impact of local production and the trade flows between North America and other significant global markets.

Specific black beans historical data within the United States and Canada can also be provided.

Middle East and Africa Black Beans Price

The report explores the black beans pricing trends in the Middle East and Africa, considering factors like the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

Region-wise data and information on specific countries within these regions can also be provided.

Asia Pacific Black Beans Price

The black beans pricing trends in the Asia Pacific are examined, reflecting the role of the region as a major global producer and consumer of agricultural products, with price dynamics heavily influenced by supply chain efficiencies, regional demand surges, and policy shifts in major economies.

This black bean price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Black Beans Price

The analysis of black beans prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, agricultural output, and trade frameworks.

This comprehensive review can be extended to include specific countries within Latin America.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of black beans pricing, covering global and regional trends, spot prices at key ports, and a breakdown of FOB and CIF prices.
• The study examines factors affecting black beans price trend, including input costs, supply-demand shifts, and geopolitical impacts, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The black beans price charts ensure our clients remain at the forefront of the industry.