Global Canned Vegetables Market Size By Type (Sliced, Chopped), By Application (Culinary, Salads & Soups), By Region, And Segment Forecasts, 2023 to 2032
Report Id: 11156 | Published Date: Feb 2023 | No. of Pages: | Base Year for Estimate: Feb 2023 | Format:
The Global Canned Vegetables Market was valued at USD 12.4 billion in 2023 and is expected to reach USD 18.9 billion by 2031, growing at a CAGR of 5.4% during the forecast period (2023–2031). This growth is driven by increasing demand for convenient and long-shelf-life food products, changing consumer lifestyles, and the expanding working population globally. Canned vegetables offer ease of preparation and preservation without compromising nutrition, making them a preferred choice among urban consumers and in institutional catering services.
Drivers
1. Rising Demand for Convenience Foods
Busy lifestyles and dual-income households
have driven demand for ready-to-eat and easy-to-cook food items. Canned
vegetables offer quick meal preparation, making them ideal for consumers
seeking convenience without sacrificing nutrition.
2. Increasing Global Food Security Concerns
With disruptions in the global food supply
chain, governments and consumers are stocking shelf-stable foods. Canned
vegetables provide a reliable option for food security, especially in emergency
situations and low-access regions.
3. Expansion of Retail and E-commerce
Channels
Wider availability of canned vegetables through
supermarkets, hypermarkets, and online retail platforms is supporting market
penetration, especially in emerging economies.
Restraints
1. Health Concerns Over Preservatives and
Additives
Some consumers avoid canned foods due to
perceived lower nutritional value or presence of additives such as sodium or
BPA lining in cans, which may limit market growth.
2. Competition from Frozen and Fresh
Alternatives
Rising consumer preference for fresh and
frozen vegetables, especially in developed countries, poses a challenge to the
canned vegetable market.
Opportunity
1. Innovation in Organic and Low-Sodium
Products
The rising trend toward healthy eating is
prompting manufacturers to innovate with organic, no-salt, and
preservative-free canned vegetables, appealing to health-conscious consumers.
2. Growth in Emerging Economies
Urbanization and changing dietary patterns
in Asia-Pacific, Latin America, and Africa present untapped market potential.
Government initiatives to ensure food preservation and reduce post-harvest
losses also contribute positively.
Market
by System Type Insights
By Type, the Peas segment held the largest
share in 2023, due to their year-round availability, ease of use in diverse
recipes, and high nutrient retention after canning. Canned mushrooms and corn
are also gaining popularity for their flavor profile and extended shelf life.
Market by End-Use Insights
Retail consumption accounted for the
largest market share in 2023, driven by individual consumers purchasing through
supermarkets and e-commerce platforms. The Foodservice segment, including
restaurants and catering businesses, is expected to grow rapidly due to the
consistent demand for bulk, ready-to-use ingredients.
Market
by Regional Insights
North America led the market in 2023,
supported by high per capita consumption of canned foods, robust retail
infrastructure, and well-established brands. Asia-Pacific is projected to
witness the fastest growth, driven by rapid urbanization, growing middle-class
populations, and increasing awareness of canned food options.
Competitive
Scenario
Key players in the Global Canned Vegetables
Market include:
Del Monte Foods Inc.
Bonduelle Group
Conagra Brands, Inc.
The Kraft Heinz Company
General Mills, Inc.
Seneca Foods Corporation
Goya Foods, Inc.
La Doria S.p.A.
Greenyard NV
B&G Foods, Inc.
These companies are focusing on product
innovation (e.g., BPA-free packaging), sustainable sourcing, and geographic
expansion to strengthen their market share.
Scope
of Work – Global Canned Vegetables Market
|
Report
Metric |
Details |
|
Market Size (2023) |
USD 12.4 billion |
|
Projected Market Size (2031) |
USD 18.9 billion |
|
CAGR (2023–2031) |
5.4% |
|
Market Segments |
By Type (Peas, Corn, Carrots, etc.), By
End-use (Retail, Foodservice), By Region |
|
Growth Drivers |
Demand for convenience foods, Global food
security concerns, Retail expansion |
|
Opportunities |
Innovation in healthy canned products,
Growth in emerging economies |
Key
Market Developments
2023: Del Monte launched a new line of
no-salt canned vegetables to target health-conscious consumers in North
America.
2024: Bonduelle announced a partnership
with a blockchain tech company to improve traceability and transparency in its
canned vegetable supply chain.
2025: Conagra Brands expanded its canned
goods production facility in Mexico to meet rising demand in Latin America and
the U.S.
FAQs
1) What is the current market size of the
Global Canned Vegetables Market?
The market was valued at USD 12.4 billion
in 2023.
2) What is the major growth driver of the
Global Canned Vegetables Market?
The increasing demand for convenience foods
and shelf-stable meal options is the major growth driver.
3) Which is the largest region during the
forecast period in the Global Canned Vegetables Market?
North America is the largest region, while
Asia-Pacific is projected to grow fastest.
4) Which segment accounted for the largest
market share in the Global Canned Vegetables Market?
The Peas segment accounted for the largest
share by type, and the Retail segment led by end-use.
5) Who are the key market players in the
Global Canned Vegetables Market?
Key players include Del Monte Foods,
Bonduelle Group, Conagra Brands, The Kraft Heinz Company, and General Mills.
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