Canned Tomatoes Market was valued at $11.7 billion in 2020, and to hit $19.5 billion by 2030

High demand from Generation Z, surge in usage from the hospitality industry, and increase in demand for nutrient-rich foods drive the growth of the global canned tomatoes market. Europe contributed to the highest share in 2020, and is estimated to continue its leadership status by 2030. The canned tomatoes market was not impacted severely during the Covid-19 pandemic as tomatoes came under the essential goods category.

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The global canned tomatoes market generated $11.7 billion in 2020, and is estimated to reach $19.5 billion by 2030, witnessing a CAGR of 5.3% from 2021 to 2030. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chain, regional landscape, and competitive scenario.

Covid-19 Scenario:

The canned tomatoes market was not impacted severely as tomatoes came under the essential goods category. The demand increased during the Covid-19 pandemic as people began storing their food for longer time due to uncertain conditions.
The demand from the commercial segment reduced considerably. However, the demand has been recovered by the significant increase in demand from the residential sector.
Surge in sales through omni-channel approach and the trend of in-house cooking is expected to impact the market positively post-lockdown.

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The report offers detailed segmentation of the global canned tomatoes market based on type, end user, sales channel, and region.

Based on type, the diced tomatoes segment accounted for the highest share in 2020, contributed to around two-fifths of the total share, and is expected to continue its lead position during the forecast period. Moreover, this segment is projected to manifest the largest CAGR of 5.6% from 2021 to 2030. The research also analyses the segments including whole peeled tomatoes, stewed tomatoes, and others.

Based on end user, the residential segment contributed to the largest share in 2020, accounting for nearly three-fourths of the total share of the global canned tomatoes market, and is projected to continue its dominant share during the forecast period. However, the commercial segment is expected to register the fastest CAGR of 6.0% from 2021 to 2030.

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Based on region, Europe contributed to the highest share in 2020, accounting for more than half of the total market share, and is estimated to continue its leadership status by 2030. However, Asia-Pacific is expected to portray the largest CAGR of 7.6% during the forecast period.

List of companies profiled of the global canned tomatoes market analyzed in the research include Conagra Brands, DeMatteis, Del Monte Foods Holding Limited and Subsidiaries, Kraft Heinz Company, General Mills, Inc., Princes Limited, Nestle S.A., Sun-Brite Foods Inc., Red Gold, and Unilever Plc.

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