Worldwide Canned Vegetables Market Update, Industry Analysis, Future Growth, Business Prospects and Forecast to 2023

Market Overview:
The demand for healthy convenience food is increasing. The canned vegetables are convenient as there is no need to wash, peel, and cut them. The working population of women and men is increasing, so the need for such convenience is growing at a significant rate. Improved consumer’s preference towards convenience foods is driving the market for canned vegetables, especially in Europe and North America. Advancements in technology and improved distribution network in the developing markets such as India and China has led to strong growth opportunities for the canned vegetable market. Canned vegetables are becoming more popular among health-conscious consumers as fiber content present in vegetables does not get affected by the canning process.

Consumers prefer canned vegetable dut to convenient packaging and longer shelf life. Extensive marketing and distribution through organized retailing are attracting the consumer to buy more canned vegetables. Canned vegetables are labor-concentrated businesses which are gradually facing competition from countries with low productions costs. Due to this factor, the U.S. and other developed countries have seen growth in imports of canned vegetables.

Nevertheless, many financial and demographic changes are liekly to arise simultaneously, and some will have equalizing effects on the demand for canned fruits and vegetables. Therefore, it is difficult to predict the demand for canned vegetables in the global markets. Canned vegetables seem to have been both moderately substituted by, and supplemented with, an increasing amount of fresh and frozen vegetables. Therefore, the share of canned vegetables witnessed a decline in the U.S., the U.K, and Germany.

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Leading Key Players:
Some of the key players profiled in the Global Canned Vegetables Market: Casual Spain (Spain), Herfraga (Spain), Mediterranea Belfiore SRL (Italy), Kyknos (Greece), Banmai Co., Ltd (Viet Nam), Fujian Chenggong Canned Food Co.,Ltd (China), Satko Sarl (Bulgaria), Ukraininan Canning House (Ukrain), Shenzhen Mingjun Co.,Ltd (China) and Domaine Les Bastidettes (France).

Key Findings:
Fungi (mushrooms) canned vegetables is projected to experience a high demand from the European region

The major importers of canned vegetables are Japan, Turkey, South Korea, the U.K., and the S.

Industry Segments:
The global canned vegetable market is segmented into type, form, and packaging.

On the basis of the type, it is segmented into bulbs, flowers, fruits, leaves, roots, stems, tubers, fungi, and others. Among all, the bulb vegetables like onion and garlic will witness the growth rate during the forecast period. 

On the basis of the form, it is segmented into sliced, chopped, peeled, and others. Among all, the sliced form of canned vegetables holds the major market share due to high demand for sliced vegetables in the developed countries.

On the basis of the application, it is segmented into culinary, salads & soups, toppings & dressings, and others. Among all, the culinary segment is dominating the market owing to the high use of canned vegetables in households. 

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Regional Analysis:
APAC will witness maximum growth in the canned vegetable market followed by North America. Volume wise, the market size of the APAC region will continue to be high with more than half of market share. With increasing, disposable income in India and China and growing demand for canned products will drive higher demand for canned vegetables. Europe will witness maximum growth in the canned fungi market followed by APAC. The demand for sealed and tamper-proof steel container vegetables in Europe is increasing as the packaging prevents harmful bacteria from contaminating the product. Changing consumption pattern due to busy lifestyle is also driving the growth of the market. Convenient packaging and longer shelf life as compared to its fresh counterpart are boosting the growth of the canned vegetable market. Extensive marketing and distribution through organized retailing are also attracting the consumers globally to buy canned vegetables.

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This release was published on openPR.