The canned vegetable global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Canned Vegetable Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The canned vegetable market size has grown strongly in recent years. It will grow from $21.96 billion in 2023 to $23.06 billion in 2024 at a compound annual growth rate (CAGR) of 5%. The growth in the historic period can be attributed to consumers seeking more diverse flavor profiles and ethnic cuisines, there is a rising demand for premium and organic canned, the growing popularity of plant-based diets, consumers are increasingly looking for healthier food options, and rise in demand for convenience foods.
The canned vegetable market size is expected to see strong growth in the next few years. It will grow to $28.36 billion in 2028 at a compound annual growth rate (CAGR) of 5.3%. The growth in the forecast period can be attributed to extreme weather events, changes in retail strategies, growing population, especially in urban areas, increased demand for convenient food options, economic stability, and increased awareness of health benefits. Major trends in the forecast period include functional ingredients and fortification, technological advancements, focus on clean labeling, innovative packaging solutions, and innovative flavors and ethnic varieties.
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Scope Of Canned Vegetable Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Canned Vegetable Market Overview
Market Drivers –
The rise in consumption of various packaged food products is expected to propel the growth of the canned vegetable market going forward. Packaged food refers to items processed, preserved, and sealed in packaging for convenience, preservation, and distribution, often including various pre-cooked or ready-to-eat meals, snacks, and ingredients. Consumption of packaged food products is on the rise due to changing lifestyles, convenience demands, and the globalization of food markets, offering diverse options to consumers seeking quick and easy meal solutions. Canned vegetables simplify meal preparation and enhance flavor profiles. For instance, in June 2023, according to a report published by Euromonitor International, a UK-based research and analysis organization, the projected retail sales of packaged foods in Japan are expected to hit $235.9 billion by 2026, marking a 9.1% increase or $19.6 billion surge compared to 2022. Therefore, the rise in consumption of various packaged food products is driving the growth of the canned vegetable market.
Market Trends –
Major companies in the canned vegetable market prioritize revenue growth by introducing innovative products with an organic canned vegetable offering. Organic canned vegetables are grown without synthetic pesticides or fertilizers, harvested at peak ripeness, and preserved in cans without added preservatives, maintaining their organic integrity. For instance, in December 2022, Green Thumb Inc., a US-based consumer packaged goods company, launched Take Root Organics. The Take Root Organics collection includes a variety of high-quality, Certified USDA Organic and Non-GMO Project Verified canned tomatoes harvested by family growers in California’s Central Valley. The company produces various tomato products, including diced tomatoes, crushed tomatoes, whole peeled tomatoes, tomato sauce, and tomato paste. These tomatoes are vine-ripened and packed at their peak freshness, resulting in a rich, wonderful taste.
The canned vegetable market covered in this report is segmented –
1) By Type: Sliced, Peeled, Other Types
2) By Distribution Channel: Store-Based, Non-Store-Based
3) By Application: Culinary, Salads And Soups, Toppings And Dressings, Other Applications
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Regional Insights –
North America was the largest region in the canned vegetable market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the canned vegetable market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the canned vegetable market are Nestlé S.A., The Kraft Heinz Company, Dole plc, Del Monte Foods Inc., TreeHouse Foods Inc., Bonduelle SA, Whole Foods Market Inc., B&G Foods Inc., Goya Foods Inc., Seneca Foods Corporation, Hanover Foods Corp., Century Pacific Food Inc., Landec Corporation, CHB Group, Ban Mai company, Planet Green Holdings Corp., Cento Fine Foods Inc., Ayam Brand, Edinborough Products (Pvt) Limited, Libby’s, Farmer’s Market Foods, Mediterranea Belfiore SRL
Table of Contents
1. Executive Summary
2. Canned Vegetable Market Report Structure
3. Canned Vegetable Market Trends And Strategies
4. Canned Vegetable Market – Macro Economic Scenario
5. Canned Vegetable Market Size And Growth
…..
27. Canned Vegetable Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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