Latest research from Mintel shows that sales have increased by a saucy 11% over the last two years alone, with Brits forking out almost £300 million ($583.46 million) on their beloved beans last year.
"The latest shift towards healthy eating and cooking fresh food could have relegated baked beans to the back of the kitchen cupboard, but instead manufacturers have used these trends to their advantage," says Vivianne Ihekuweazu, senior consumer analyst at Mintel.
"The introduction of more upmarket recipes as well as new varieties that are better for you, means that even after all these years, baked beans are still a regular fixture at mealtimes across the UK."
Often considered a close relation of baked beans, canned pasta, such as spaghetti hoops and ravioli, has fared less well, with sales falling 8% over the same two year period, to £99 million in 2007.
This market has suffered from stiff competition, as more and more of us are happy to cook up a quick bowl of pasta instead. They have also found it hard to overcome their unhealthy image.
Although baked beans will see an impressive 27% growth to 2012, sales of canned pasta will increase by 12%, a vast improvement on recent years.
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Wal-Mart has announced plans to invest around USD 1 billion in Brazil and open 80 to 90 new stores, in all its formats, in 2009. It will be the largest investment the retailer has made in Brazil since it opened its first operation in Sao Paulo in 1995.
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Carrefour has been keeping its entry into Iran low-key, as both the retailer and Tehran's government suspect that the foreign presence may cause some excitement. It is not clear yet how feasible it will be for Carrefour to maintain supply in the face of financial restrictions on trade with Iran as a result of US sanctions.
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