Press release
Canned Vegetable and Fruit Market Size 2024 to 2031.
Market Overview and Report CoverageThe Canned Vegetable and Fruit Market refers to the global industry that produces and sells various vegetables and fruits that have been preserved in cans. This market is driven by the convenience factor of canned products, as they have a longer shelf life and are readily available for consumption.
The future outlook for the Canned Vegetable and Fruit Market looks promising, with an expected growth at a notable CAGR of 5.60% during the forecasted period. This growth can be attributed to the increasing demand for convenient and ready-to-eat food products, especially in urban areas where people have busy lifestyles. Additionally, the rise in awareness about healthy eating habits and the availability of a wide range of canned products in different flavors and varieties are expected to further boost the market growth.
Moreover, technological advancements in food processing and packaging techniques are also expected to drive the market forward, with improved methods to retain the nutritional value and taste of canned vegetables and fruits. Overall, the Canned Vegetable and Fruit Market is poised for steady growth in the coming years, offering consumers a convenient and nutritious alternative to fresh produce.
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Market Segmentation
The Canned Vegetable and Fruit Market Analysis by types is segmented into:
• By Fruit
• Citrus
• Pineapple
• Peach
• Cherry
• Other
• By Vegetable
• Chickpeas
• Mushrooms
• Cucumber
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Canned fruit market types include citrus fruits, pineapple, peach, cherry, and other fruits. Each category caters to various consumer preferences and uses. Similarly, the canned vegetable market consists of chickpeas, mushrooms, and cucumber. These vegetables are widely utilized in salads, soups, and various dishes. The market for canned fruits and vegetables continues to expand as consumers seek convenient and long-lasting options for their meals. Different varieties cater to different tastes and nutritional needs, providing a wide range of options for shoppers.
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The Canned Vegetable and Fruit Market Industry Research by Application is segmented into:
• Household
• Restaurant
• Others
Canned vegetable and fruit market applications include household use, restaurant supply, and other uses such as catering services, schools, and hospitals. In households, canned vegetables and fruits offer convenience and longer shelf life. Restaurants utilize canned produce for menu items requiring out-of-season ingredients. Other markets like catering services and institutions benefit from the cost-effectiveness and ease of storage of canned fruits and vegetables for large-scale meal preparation.
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In terms of Region, the Canned Vegetable and Fruit Market Players available by Region are:
North America:
• United States
• Canada
Europe:
• Germany
• France
• U.K.
• Italy
• Russia
Asia-Pacific:
• China
• Japan
• South Korea
• India
• Australia
• China Taiwan
• Indonesia
• Thailand
• Malaysia
Latin America:
• Mexico
• Brazil
• Argentina Korea
• Colombia
Middle East & Africa:
• Turkey
• Saudi
• Arabia
• UAE
• Korea
What are the Emerging Trends in the Global Canned Vegetable and Fruit market?
Some emerging trends in the global canned vegetable and fruit market include an increasing demand for organic and non-GMO products, a growing awareness of the importance of food sustainability and waste reduction, and a rise in innovative packaging techniques to enhance convenience and shelf life. Additionally, there is a shift towards healthier and natural food options, leading to the development of new fruit and vegetable varieties in the canned food sector. With consumers becoming more health-conscious and environmentally aware, companies are focusing on offering nutritious and environmentally friendly options to meet these evolving preferences in the market.
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Major Market Players
ConAgra Foods, now known as Conagra Brands, is one of the largest processed food companies in the world, operating in the canned vegetable and fruit market. Founded in 1919, the company has a vast portfolio of well-known brands such as Hunt's, PAM, and Chef Boyardee. Conagra Brands has experienced steady market growth over the years and has a significant share in the canned vegetable and fruit market.
Dole Food Company, founded in 1851, is another major player in the canned vegetable and fruit market. The company is known for producing a wide range of fresh and packaged fruits and vegetables, including canned fruit products. Dole Food Company has a strong presence in the global market and has expanded its product offerings to meet consumer demand.
Heinz Kraft, formed as a result of the merger between H.J. Heinz Company and Kraft Foods Group, is a leading player in the canned vegetable and fruit market. The company has a diverse product portfolio that includes canned vegetables, fruits, and other food products. Heinz Kraft has a strong market presence and is known for its iconic brands such as Heinz Ketchup and Kraft Macaroni & Cheese.
In terms of sales revenue, Conagra Brands reported total net sales of approximately $11.1 billion in the fiscal year 2020. Dole Food Company reported revenues of around $4.5 billion in the same year. Heinz Kraft reported net sales of approximately $24.8 billion in the fiscal year ending in 2020. These figures highlight the significant market size and competitive landscape of the canned vegetable and fruit market.
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