Canned Vegetables Market Trends Accelerating at a CAGR of 3.9% Over the Forecast Period 2022-2032, FMI Report

The global canned vegetables market is expected to reach a market valuation of US$ 22.5 Bn by the year 2022, accelerating at a CAGR of 3.9% over the forecast period (2022-2032).

Consumers have been driven to choose ready-to-eat meals or other ready-to-eat food items due to their hectic lifestyles. They can enjoy great cuisine that takes less time to prepare, increasing the sales of canned vegetables. As canned vegetables come in different varieties, consumers can eat whatever they choose.

Due to a fast-paced lifestyle, consumers are looking for easy, economical, and delectable food products throughout the day. This will surge the demand for canned between 2022 and 2032.

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The demand for canned vegetables is also increasing as a result of the fast-paced lifestyles of those working in tier-1 cities. Most city dwellers spend a substantial amount of time in an office and travelling, leaving little time for cooking. People prefer to buy frozen vegetables to save time.

The global canned vegetable market is also being driven by the growing number of working women. In affluent countries, the majority of female workers prefer to cook with canned vegetables.

Key Takeaways from Market Study

Based on nature, the conventional is anticipated to account for a significant share in the global market in 2022 and is expected to witness a lucrative growth rate during the forecast period
Europe canned vegetables market is anticipated to dominate the global market with a market share of around 32% in 2022
South Asia is expected to witness a lucrative growth rate during the forecast period
On the basis of distribution channel, the B2C Channel is expected to hold a dominating share in 2022
Online retail store is expected to witness a lucrative growth rate over the forecast period

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"For canned vegetables products, companies are using the same supply chain and transportation modes which are in use for processed vegetables. With minor modifications in the storage units, transportation can be made easy and hurdle-free, which improves the trade of canned vegetables." said a lead analyst at FMI.

Who is winning?

Some of the leading companies offering canned vegetables are 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, and Others.

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Future Market Insights, in its new offering, provides an unbiased analysis of the canned vegetables market presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032.

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 Canned Vegetables Market by Category

By Nature:

Organic
Conventional

By Canning Type:

Canned in Water
Canned in Oil
Canned in Juice

By Vegetable Type:

Corn
Peas
Beans
Carrots
Potatoes
Tomatoes
Spinach
Mixed Vegetables
Other Vegetables

By Vegetable Group:

Leafy Vegetables
Cruciferous
Marrows
Roots
Others (Stems, Alliums, etc)

By Distribution Channel:

B2B
B2C
Hypermarket/Supermarket
Traditional Grocery Stores
Convenience Stores
Specialty Stores
Discount Stores
Online Retail

By End Use:

HoReCa
Household/Retail

By Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
Middle east and Africa

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10 years.

This release was published on openPR.