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Canned Vegetable Market Trends

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

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Canned Vegetable Market Trends

Food processing technology advancements are elevating the quality of canned vegetables. Techniques like steam sterilization and pressure cooking not only enhance flavor and texture but also extend shelf life without resorting to artificial preservatives. The FDA notes that these technologies have improved food safety standards by 22% in the last decade. Moreover, smart packaging technology is being utilized to monitor product freshness and safety. Such innovations guarantee high-quality offerings for consumers, propelling market growth.

The surge of e-commerce is reshaping the retail dynamics for canned vegetables. With a growing number of consumers turning to online shopping, manufacturers are honing their e-commerce strategies. This involves collaborations with major online retailers and setting up direct-to-consumer sales channels. The U.S. Census Bureau reports that e-commerce sales in the food sector have grown by 32% annually since 2020. Online shopping's convenience enables consumers to explore a wider array of products, including specialty and organic canned vegetables that might be absent from local outlets

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 étic, Menifine Industries, MORTON, Rosarita, Seneca Foods, Vimal Agro Products, and World Finer Foods.