Climbing consumer preference for healthy and convenient food options is leading the canned vegetable market to register a CAGR of 3.9% through 2034. An escalating preference for ready-to-eat vegetable products among millennials and Gen Z generations is potentially pushing the market to increase its valuation from US$ 24,164.8 million in 2024 to US$ 35,267.9 million by 2034.
The market for canned veggies is growing due to customers’ busy schedules and need for quick and readily available food options. Between 2022 and 2032, canning vegetables will become more and more popular as a tasty and convenient substitute. This propensity mainly affects people who live in Tier-1 cities and work while travelling, as they don’t have as much time to cook and instead eat frozen and canned veggies. The global canned vegetable market is expanding due in part to the increasing number of working women who, particularly in wealthy countries, prefer the convenience of canned alternatives for their meals.
From 2022 to 2032, the canned vegetable market is projected to expand at a compound annual growth rate (CAGR) of 3.9%, with a projected market value of US$ 33.0 billion by 2022.
Due to their hectic schedules, customers are compelled to select ready-to-eat meals or other things. Sales of canned vegetables will rise as more people can enjoy delicious, easier-to-prepare meals. Customers can select from a large assortment of canned vegetables to suit their dietary needs.
Due to a fast-paced lifestyle, consumers are continuously looking for quick, inexpensive, and delicious food options. This might lead to a rise in canned food demand between 2022 and 2032.
The tier-1 city workers’ hectic lifestyles are contributing to an increase in the demand for canned veggies. Most urban people spend a significant portion of their time travelling and working, leaving little time for cooking. To save time, many choose to purchase frozen vegetables.
The increasing number of working women is another factor driving the global market for canned vegetables. The majority of female employees in wealthy nations prefer to cook with canned vegetables.
Key Takeaways from Market Study
- Based on nature, the conventional is anticipated to account for a significant share in the global market in 2022 and is expected to witness a lucrative growth rate during the forecast period
- Europe canned vegetables Industry is anticipated to dominate the global market with a market share of around 32% in 2022
- South Asia is expected to witness a lucrative growth rate during the forecast period
- On the basis of distribution channel, the B2C Channel is expected to hold a dominating share in 2022
- Online retail store is expected to witness a lucrative growth rate over the forecast period
Who is winning?
Some of the leading companies offering canned vegetables are Del Monte Foods, Inc, Green Giant, Native Forest, Libby’s, Whole Foods Market, Nature’s Greatest Foods, 365 by WFM, Farmer’s Market Foods, Good & Gather, Reese, Old El Paso, Rotel, Goya, Rosarita, Great Value, Cento, and Others.
Get Valuable Insights into the Canned Vegetables Industry:
Future Market Insights, in its new offering, provides an unbiased analysis of the canned vegetables Industry presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032. The study divulges compelling insights on the canned vegetables market based on Nature (Organic and Conventional), by Canning Type (Canned in Water, Canned in Oil, and Canned in Juice), by Vegetable Type (Corn, Peas, Beans, Carrots, Potatoes, Tomatoes, Spinach, Mixed Vegetables, and Other Vegetables), by Vegetable Group (Leafy Vegetables, Cruciferous, Marrows, Roots, and Others (Stems, Alliums, etc)), by Distribution Channel (B2B and B2C), By End-Use (HoReCa and Household/Retail), and across seven major regions.
The report covers exhaustive analysis on:
- How Big is the Canned Vegetables Market?
- What is the North America Canned Vegetables Market Outlook?
- At What Rate Will Canned Vegetables Demand Grow in Europe?
- What Are the Key Trends Shaping the Canned Vegetables Market?
- At What Rate Will Canned Vegetables Demand Grow in Japan?
- At What Rate Will Canned Vegetables Demand Grow in India?
Canned Vegetable Market by Category
By Nature:
- Organic
- Conventional
By Canning Type:
- Canned in Water
- Canned in Oil
- Canned in Juice
By Vegetable Type:
- Corn
- Peas
- Beans
- Carrots
- Potatoes
- Tomatoes
- Spinach
- Mixed Vegetables
- Other Vegetables
By Vegetable Group:
- Leafy Vegetables
- Cruciferous
- Marrows
- Roots
- Others (Stems, Alliums, etc)
By Distribution Channel:
- B2B
- B2C
- Hypermarket/Supermarket
- Traditional Grocery Stores
- Convenience Stores
- Specialty Stores
- Discount Stores
- Online Retail
By End Use:
- HoReCa
- Household/Retail
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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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