Climbing consumer preference for healthy and convenient food options is leading the canned vegetable market to register a CAGR of 3.9% through 2034. An escalating preference for ready-to-eat vegetable products among millennials and Gen Z generations is potentially pushing the market to increase its valuation from USD 24,164.8 million in 2024 to USD 35,267.9 million by 2034.
Investment Opportunities in the Canned Vegetable Market
| Attributes | Details |
|---|---|
| Market Size, 2024 | USD 24,164.8 million |
| Market Size, 2034 | USD 35,267.9 million |
| Value CAGR (2024 to 2034) | 3.9% |
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The availability of fresh products is expected to become a significant market barrier for canned vegetable manufacturers. Many consumers are increasingly shifting toward fresh food over packaged foods. Canned vegetables might lose their popularity in both developed and developing countries due to the availability of garden-fresh ones, which offer better freshness, taste, and nutritional properties.
| Attributes | Details |
|---|---|
| Nature | Organic |
| Market share in 2024 | 26.5% |
The trend toward health consciousness and the consumption of pesticide-free vegetables is anticipated to drive the demand for canned organic vegetables. People are looking for more natural and organic products in the current period. Moreover, the skyrocketing popularity of organic farming is contributing to the growth of the organic segment.
| Attributes | Details |
|---|---|
| Vegetable | Tomatoes |
| Market Share in 2024 | 9.8% |
The versatility of tomatoes is majorly driving the canned tomatoes demand growth. By increasing usage in a wide range of cuisines and dishes, tomatoes have gained popularity over the years among canned vegetable consumers. Moreover, factors such as the lower cost of canned tomatoes compared to fresh ones and advances in canning technology are projected to push the growth of this segment during the forecast period.
| Countries | CAGR from 2024 to 2034 |
|---|---|
| United States | 1.8% |
| China | 3.6% |
| Germany | 2.3% |
| Japan | 5.6% |
| India | 4.2% |
The CAGR of the market for the forecast period in the United States is anticipated to be 1.8%. Some of the factors influencing the growth of the market in the country are:
The market is expected to register a CAGR of 3.6% in China through 2034. Some of the factors responsible for the growth of the market are:
The market is expected to progress at a CAGR of 2.3% in Germany during the forecast period. Some factors influencing the progress are:
The canned vegetable market is expected to progress at a CAGR of 5.6% in Japan throughout the forecast period. Some factors influencing this progress are:
The canned vegetable market is expected to progress at a CAGR of 4.2% in India. Some factors influencing the demand are:
Consumers choose quick-to-prepare foods that will save them time in the kitchen. A hectic lifestyle and an aging population are driving up demand for convenience meals. A hectic lifestyle and an aging population are driving up demand for convenience meals.
As a result, significant producers are seeking to increase their market share by producing various canned veggies. Manufacturers are targeting the use of advanced canning technology and product differentiation to achieve a competitive advantage in the industry.
Recent Development
| Attribute | Details |
|---|---|
| Estimated Market Size (2024) | USD 24,164.8 million |
| Projected Market Size (2034) | USD 35,267.9 million |
| Anticipated Growth Rate (2024 to 2034) | 3.9% |
| Forecast Period | 2024 to 2034 |
| Historical Data Available for | 2019 to 2023 |
| Market Analysis | USD million or billion for Value and Units for Volume |
| Key Regions Covered | North America, Latin America, Europe, Middle East & Africa (MEA), East Asia, South Asia and Oceania |
| Key Countries Covered | United States, Canada, Brazil, Mexico, Germany, Spain, Italy, France, United Kingdom, Russia, China, India, Australia & New Zealand, GCC Countries, and South Africa |
| Key Segments Covered | By nature, By Canine Type, By vegetable Type, By vegetable Group, By Distribution channel, By End Use |
| Key Companies Profiled | Del Monte Foods, Inc; Green Giant; Native Forest; Libby's; Whole Foods Market; Nature's Greatest Foods; 365 by WFM; Farmer’s Market Foods; Good & Gather; Reese; Old El Paso; Rotel; Goya; Rosarita; Great Value; Cento; Other |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
The CAGR of the market in the United States from 2024 to 2034 is estimated to be 1.8%.
The market is expected to develop at a CAGR of 3.9% over the period from 2024 to 2034.
The market size is expected to be worth USD 24,164.8 million in 2024.
The CAGR of the market in China from 2024 to 2034 is estimated to be 3.6%.
The market is estimated to get as big as USD 35,267.9 million by 2034.
The market can be divided into the following segments: nature, canning type, vegetable type, vegetable group, distribution channel, end use, and region.
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Canned Vegetable Market
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