Press release
Global Canned Vegetable Market Overview 2033 : Forecasted Market Size And Growth Rate | Nestlé S.A., The Kraft Heinz Company, Dole plc, Del Monte Foods Inc., TreeHouse Foods Inc., Bonduelle SA
"The new report published by The Business Research Company, titled Canned Vegetable Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033, delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.As per the report, the canned vegetable market size has grown strongly in recent years. It will grow from $21.96 billion in 2023 to $23.06 billion in 2024 at a compound annual growth rate (CAGR) of 5%. The canned vegetable market size is expected to see strong growth in the next few years. It will grow to $28.36 billion in 2028 at a compound annual growth rate (CAGR) of 5.3%.
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Rise In Packaged Food Consumption Fuels Growth Of Canned Vegetable Market
The rise in consumption of various packaged food products is expected to propel the growth of the canned vegetable market going forward. Packaged food refers to items processed, preserved, and sealed in packaging for convenience, preservation, and distribution, often including various pre-cooked or ready-to-eat meals, snacks, and ingredients. Consumption of packaged food products is on the rise due to changing lifestyles, convenience demands, and the globalization of food markets, offering diverse options to consumers seeking quick and easy meal solutions. Canned vegetables simplify meal preparation and enhance flavor profiles. For instance, in June 2023, according to a report published by Euromonitor International, a UK-based research and analysis organization, the projected retail sales of packaged foods in Japan are expected to hit $235.9 billion by 2026, marking a 9.1% increase or $19.6 billion surge compared to 2022. Therefore, the rise in consumption of various packaged food products is driving the growth of the canned vegetable market.
Organic Canned Tomatoes And Sustainable Farming Innovations Drive Growth In Canned Vegetable Market
Major companies in the canned vegetable market prioritize revenue growth by introducing innovative products with an organic canned vegetable offering. Organic canned vegetables are grown without synthetic pesticides or fertilizers, harvested at peak ripeness, and preserved in cans without added preservatives, maintaining their organic integrity. For instance, in December 2022, Green Thumb Inc., a US-based consumer packaged goods company, launched Take Root Organics. The Take Root Organics collection includes a variety of high-quality, Certified USDA Organic and Non-GMO Project Verified canned tomatoes harvested by family growers in California's Central Valley. The company produces various tomato products, including diced tomatoes, crushed tomatoes, whole peeled tomatoes, tomato sauce, and tomato paste. These tomatoes are vine-ripened and packed at their peak freshness, resulting in a rich, wonderful taste.
The canned vegetable market covered in this report is segmented -
1) By Type: Sliced, Peeled, Other Types
2) By Distribution Channel: Store-Based, Non-Store-Based
3) By Application: Culinary, Salads And Soups, Toppings And Dressings, Other Applications
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Major companies operating in the canned vegetable market are Nestlé S.A., The Kraft Heinz Company, Dole plc, Del Monte Foods Inc., TreeHouse Foods Inc., Bonduelle SA, Whole Foods Market Inc., B&G Foods Inc., Goya Foods Inc., Seneca Foods Corporation, Hanover Foods Corp., Century Pacific Food Inc., Landec Corporation, CHB Group, Ban Mai company, Planet Green Holdings Corp., Cento Fine Foods Inc., Ayam Brand, Edinborough Products (Pvt) Limited, Libby's, Farmer's Market Foods, Mediterranea Belfiore SRL
Contents of the report:
1. Executive Summary
2. Canned Vegetable Market Report Structure
3. Canned Vegetable Market Trends And Strategies
4. Canned Vegetable Market - Macro Economic Scenario
5. Canned Vegetable Market Size And Growth
…..
27. Canned Vegetable Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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