PUBLISHER: The Business Research Company | PRODUCT CODE: 1754844
PUBLISHER: The Business Research Company | PRODUCT CODE: 1754844
Canned vegetables are vegetables that have been harvested, cleaned, trimmed, and preserved by sealing in airtight containers (like metal cans, glass jars, or retort pouches) and heating to a temperature that destroys harmful microorganisms, enabling long-term storage without refrigeration.
The canned vegetables market consists of revenues generated by entities (organizations, sole traders, and partnerships) involved in preserving vegetables in airtight containers. This market includes products like canned peas, beans, corn, tomatoes, and mixed vegetables, catering to consumer needs for convenience, extended shelf life, and off-season availability.
The global canned vegetables market was valued at $26,835.08 million in 2019 which grew till 2024 at a compound annual growth rate (CAGR) of more than 5.00%.
Rising Health Consciousness
Rising health consciousness fueled the growth of the canned vegetables market in the historic period. Health consciousness is providing demand for canned vegetables as consumers increasingly seek convenient, nutritious, and shelf-stable food options. As canned vegetables retain much of their nutritional value, including vitamins and minerals, they align well with growing preferences for healthy eating. This trend encourages companies to enhance their offerings by focusing on healthier ingredients and clean-label products, boosting the appeal of canned vegetables to health-conscious consumers. For instance, in January 2024, according to the report published by Nutrition Integrated, a UK-based company that focuses on providing data and insights for active nutrition, in Europe, the variety of clear protein powder products has surged by 159% since January 2022. Additionally, sales data from Amazon indicates that consumer purchases of clear protein powders in the UK rose by 216% in 2023 compared to 2022. Therefore, Rising health consciousness drove the growth of the canned vegetables market.
Strategic Investments In Self-Sustained Canneries for Supply Chain Resilience
Companies operating in the canned vegetables market are adopting strategic investments to improvise the sealing processes such as self-sustained canneries, to enhance supply chain resilience, support local sourcing, improve sustainability, and drive regional economic growth. A strategic partnership is a formal relationship between two or more organizations that collaborate to achieve common goals, share resources, and gain mutual benefits, while still remaining independent. For instance, in December 2024, Lockyer Valley Foods, an Australia-based food processing company specializing in canned and frozen vegetables, is advancing its plans to establish a groundbreaking $400 million fruit and vegetable processing facility in Withcott, Queensland. The facility will include operations for canning, freezing, powdering, and juicing fruits and vegetables. It will also feature a pallet manufacturing plant that recycles plastic waste and a biomethane system powered by green waste, enabling off-grid sustainability. The facility is designed as a circular economy model, recycling 100% of its water and utilizing waste from both the factory and local communities to produce biomethane.
The global canned vegetables market is fairly fragmented, with a large number of small players operating in the market. The top ten competitors in the market made up to 18.30% of the total market in 2023.
Canned Vegetables Global Market Opportunities And Strategies To 2034 from The Business Research Company provides the strategists; marketers and senior management with the critical information they need to assess the global canned vegetables market as it emerges from the COVID-19 shut down.
Where is the largest and fastest-growing market for canned vegetables? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The canned vegetables warranty market global report from The Business Research Company answers all these questions and many more.
The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market's history and forecasts market growth by geography. It places the market within the context of the wider canned vegetables market; and compares it with other markets.