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Canned Vegetable Market Size

  • Report ID: GMI11956
  • Published Date: Oct 2024
  • Report Format: PDF

Canned Vegetable Market Size

The global canned vegetable market was valued at USD 23.8 billion in 2023 and is estimated to grow at a CAGR of over 4% from 2024 to 2032. As consumers become more health-conscious, their dietary preferences are shifting. An increasing number of individuals are adding plant-based foods to their diets, boosting the demand for canned vegetables. According to the USDA, the consumption of vegetables has increased by 12% over the past five years. These canned products are viewed as convenient nutrient sources, often promoted for their rich vitamin and mineral content. In response, manufacturers are emphasizing health benefits, such as low-calorie content and high fiber, to resonate with health-focused consumers.

 

Sustainability stands out as a dominant trend in the canned vegetable market. Consumers are on the lookout for brands that prioritize environmental responsibility. This encompasses sustainably sourcing raw materials, minimizing carbon footprints during production, and opting for eco-friendly packaging. The EPA reports that sustainable practices in food production have reduced greenhouse gas emissions by 18% since 2018. Brands embracing sustainable practices not only bolster their market position but also draw in environmentally conscious consumers. For example, certain companies are choosing BPA-free cans and biodegradable packaging to lessen their environmental footprint.

 

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The global market for canned vegetable was reached USD 23.8 billion in 2023 and is estimated to grow at a CAGR of over 4% from 2024 to 2032, driven by increasing health consciousness among consumers.

The tomatoes segment was valued at USD 6 billion in 2023 and is anticipated to grow at a CAGR of 4.9% from 2024 to 2032, driven by the surge in home cooking and the convenience of canned tomatoes.

The household segment was worth over USD 17.7 billion in 2023 and is projected to grow at a CAGR of 4.4% from 2024 to 2032, as consumers seek convenient and nutritious meal solutions.

The U.S. market for canned vegetable was crossed USD 6.6 billion in 2023 and is expected to grow at a CAGR of 5.2% from 2024 to 2032, driven by evolving consumer preferences for healthier, low-sodium, organic, and non-GMO products.

Key players in the canned vegetable industry include Del Monte Foods, General Mills, Goya Foods, Jardin BiO

Canned Vegetable Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 10
  • Tables & Figures: 172
  • Countries covered: 18
  • Pages: 200
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