The Canned Vegetables Market is expected to grow at a CAGR of 4.4% to reach USD 8049.4 million by 2028. The global canned vegetables market is experiencing significant growth due to the rising adoption of plant-based diets worldwide. Approximately 5-8% of the US population, equating to approximately 9.7 million vegetarians and 1 million vegans, are driving demand for canned vegetables as convenient and nutritous alternatives to meat-based products. This trend is also prevalent in Canada, with around 2 million individuals identifying as vegan in 2022. The shift towards plant-based eating habits is significantly influencing consumer preferences and market dynamics in both countries.
Europe dominates the regional market because of The European canned vegetables market is a significant and dynamic segment within the global industry, with Germany, France, and Spain being key players. In 2022, Germany led European imports with approximately 1.8 million tons of canned vegetables, representing a 2.4% annual growth rate and a value increase of 9% on average. France and Spain follow closely, each contributing unique consumer preferences and import volumes. Canned fruits, meats, and healthier alternatives such as canned fish including tuna, salmon, sardines, and anchovies, are popular categories within this market. Despite slight fluctuations, the European canned vegetables market continues to show growth and diversity.
There are various factors that drive the Canned Vegetables Market market which are as following: The global canned vegetables market is witnessing substantial growth due to the upward trend in disposable income levels across numerous regions. This economic expansion is empowering consumers to invest more in convenient and nutritious food alternatives, such as canned vegetables. For instance, in Brazil, the average monthly income for employed individuals aged 14 years and above reached USD548 in 2023, marking a 7.2% increase compared to 2022 and a 1.4% increase compared to 2019. This income growth significantly enhances the purchasing power of Brazilian consumers, enabling them to allocate a larger portion of their budget towards healthier food choices, including canned vegetables.
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Canned Vegetables Market Segmentation
The market witnesses several challenges, which are as follows The global canned vegetables market encounters substantial challenges due to the rising incidence of product recalls, which pose significant financial, reputational, and consumer trust risks for manufacturers. For instance, in December 2023, Princes Group initiated a recall of certain canned bean products due to the potential presence of small rubber balls. This recall affected a 4-pack of Branston Beans, specifically those with a particular lot code and a best before date of December 2025. Such incidents underscore the importance of rigorous quality control measures throughout the production process to prevent contamination and maintain product safety. Similarly, in May 2024, Goya Foods recalled their Red Kidney Beans in Puerto Rico and St. Thomas, further emphasizing the necessity of stringent quality assurance protocols in the canned vegetables industry.
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Some of the key companies that have been profiled in the report include:
The global packaged foods and meats market encompasses vendors engaged in food processing to ensure food safety and increase product longevity. According to Technavio, the market's size is determined by the consolidated revenue of the participating industry players. This market segment excludes manufacturers of food processing machinery and those producing packaged alcoholic and non-alcoholic beverages, such as mineral waters. Factors propelling the market's expansion include the health benefits linked to the consumption of minimally processed foods, like canned vegetables, which are rich in essential nutrients such as potassium, dietary fiber, folate (folic acid), vitamin A, and vitamin C, obtained through techniques like peeling, chopping, and cooking. - The Canned Vegetables Market is experiencing significant growth, fueled by the Rise in disposable income. Businesses are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
The canned vegetables market caters to the demand for convenient, nutritious options in today's fast-paced lifestyle. Packaged food products, including beverages and convenience items, now include canned vegetables due to their long shelf life and ease of use. Processing techniques such as peeling, chopping, and cooking are employed to preserve the nutritional qualities of these vegetables. Air-tight tins, often made of aluminum cans, ensure the food remains chemical-free and natural. Organic and clean-label foods, rich in nutrients like protein, fiber, vitamins, omega-3 fatty acids, and label knowledge are driving market growth. Canning techniques help retain the health benefits of canned fruits, making them a popular choice for consumers seeking nutritious meals. Global production of canned vegetables continues to increase, with a focus on meeting the needs of the working population and providing a wide range of nutritious options.
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