What are the Historical Developments and Current Growth Metrics of the Canned Vegetable Market?
The canned vegetable market has seen considerable growth due to a variety of factors.
• The canned vegetable market has shown strong growth in recent years. It will grow from $23.06 billion in 2024 to $24.34 billion in 2025, at a compound annual growth rate (CAGR) of 5.6%.
The growth is attributed to the demand for diverse flavors and ethnic cuisines, the rise of premium and organic canned products, plant-based diets, health-conscious consumers, and the demand for convenience foods.
What Does Future Hold for The Canned Vegetable Market By 2029?
The canned vegetable market is expected to maintain its strong growth trajectory in upcoming years.
• The canned vegetable market is expected to grow to $29.79 billion by 2029, with a CAGR of 5.2%.
Growth is attributed to extreme weather events, retail strategy shifts, urban population growth, a demand for convenient food options, economic stability, and increased health awareness. Major trends include functional ingredients, technological advancements, clean labeling, innovative packaging, and new ethnic flavors.
What Are The Primary Growth Drivers In The Canned Vegetable Market?
The rise in packaged food consumption is expected to drive the canned vegetable market. Packaged foods are processed and preserved for convenience and easy distribution. With changing lifestyles and demand for quick meals, packaged food consumption is rising globally. Canned vegetables are convenient and enhance the flavor of meals. In June 2023, Euromonitor International reported that Japan’s retail sales of packaged foods are projected to reach $235.9 billion by 2026. This increase in packaged food consumption is contributing to the growth of the canned vegetable market.
What Is The Segmentation Of The Global Canned Vegetable Market?
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
Subsegments:
1) By Sliced: Sliced Carrots, Sliced Mushrooms, Sliced Potatoes, Sliced Beets, Sliced Tomatoes
2) By Peeled: Peeled Tomatoes, Peeled Potatoes, Peeled Carrots, Peeled Green Beans
3) By Other Types: Whole Vegetables, Diced Vegetables, Chopped Vegetables, Mixed Vegetables, Pureed Vegetables
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What Trends Are Reshaping The Future Of The Canned Vegetable Market?
Companies in the canned vegetable market are focusing on revenue growth by introducing organic canned vegetable products. These vegetables are grown without synthetic pesticides or fertilizers, harvested at their peak, and packaged without preservatives. In December 2022, Green Thumb Inc. launched Take Root Organics, a USDA-certified organic collection of canned tomatoes. The tomatoes are vine-ripened and packed at their peak for superior taste.
Who Are the Key Players In The Canned Vegetable Market?
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
What Are The Regional Insights Into The Canned Vegetable Market?
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.
