Canned Vegetables Market Trends by Regions

Canned Vegetables Market – Trends by Regions, Leading Players Analysis, Business Strategies Upcoming Opportunities

The global canned vegetables market is thriving, mainly due
to the growing numbers of working populaces worldwide. Due to their hectic
lifestyle, working populations are increasingly inclining to convenience foods.
Also, consumers prefer canned vegetables more for its convenient packaging and
longer shelf life. Besides, the availability of a wide range of vegetables
throughout the year is a significant factor driving the consumer preference for
canned vegetables.

So, rising consumer preference is a key growth driver for
the market. Moreover, the growing trend of organic canned vegetables is
escalating the market growth to furthered height, providing growth
opportunities for players operating in the canned vegetables industry.
According to Market Research Future (MRFR), the global canned
vegetables market size is poised to create a valuation of approximately
USD 13.2 BN by 2024, growing at 3.7% CAGR during the forecast period (2019–2024).

Rising global economy is a major driving force behind the
market increase. The advent of the coronavirus had led people to stock canned
veggies. During the lockdown period, more and more people are starting to enjoy
the benefits of cooking at home, and canned vegetables are providing a
practical option for healthy vegetables. In addition to the strong performance,
canned vegetables continued to have higher shelf-stable gains during the
epidemic.

Also, canned vegetables have upward pressure on prices since
the onset of coronavirus. The increase in sales of canned veggies is boosting
the market growth, states the MRFR expert while talking on his COVID-19
Analysis of canned veggies market.

Global Canned Vegetables Market   - Segment

The report is segmented into four dynamics: -

By Type                                :
Tomatoes, Carrot, Peas, Corn, Spinach, Vegetable Blend, and others.

By Category                        :
Organic and Conventional.

By Distribution Channel :
Store-Based, Supermarkets & Hypermarkets, Convenience Stores, Non-Store-Based,
and others.

By Regions                          :
Americas, Europe, Asia Pacific, and the Rest-of-the-World.

Major Players:

Players leading the global canned vegetables market include
Del Monte Foods, Inc (US), Aditi Foods Pvt. Ltd (India), Princes Limited (UK),
Delicia Foods India Pvt. Ltd. (India), Bonduelle Group (France), Seneca Foods
Corporation (US), Nestlé S.A. (Switzerland), La Doria S.p.A. (Italy), Hirzel
Canning Co. & Farms (US), Lam Soon Group (Thailand), B&G Foods, Inc.
(US), Acroyali Jade Food Co., Ltd (China), Seprod Limited (Jamaica), McCall
Farms (US), and Talia Foods (Turkey), among others.

Global Canned Vegetables Market   - Geographical Analysis

Europe dominates the global canned vegetables market. The
largest market share attributes to changing consumer preferences and the
unavailability of fresh produces during the harsh winter. Besides, the high
inclination of the working population towards canned vegetables for convenience
of food preparation is driving the regional market. 

Moreover, the growing importance of health & wellness
among demographics and rapidly growing markets in Germany, the UK, and Russia,
support the market growth in the region. 
Furthermore, the rising economic growth in the region allows the market
to flourish, increasing per capita disposable income. The European canned
vegetables market to retain its leading position in the global market
throughout the forecast period.

North America stands second in the global canned
vegetables market. The market is majorly driven by the changing
food consumption pattern and high consumption of convenience food due to busy
schedules. Moreover, the presence of a large number of production bases and
consumers drive the market growth, influencing the production volume in the
region.

The US is a major growth contributor to the development of
the regional market. The North American canned vegetables market is projected
to create a substantial revenue pocket during the review period.

The Asia Pacific canned vegetables market is growing
rapidly. Factors such as the expansion of global players in developing
countries of the region and improving economic conditions boost the growth of
the market. Moreover, the high production of fresh vegetables in countries like
Australia, New Zealand, China, and India contributes to the growth of the
market.  The APAC canned vegetables
market is anticipated to post the highest CAGR during the assessment period.

Global Canned Vegetables Market - Competitive Landscape

Highly competitive, the canned vegetables market appears
fragmented due to the presence of many large and small-scale players. To gain a
larger competitive share, industry players incorporate strategic initiatives
such as mergers & acquisitions, collaboration, expansion, and
product/technology launch. Players compete with each other based on quality,
variety, price, reputation, and distribution.

Continually changing consumer demands and preferences
further encourage players to widen their market penetration by including
plant-based preservatives to their product portfolio. Industry players have
increased their production to meet the rising demand during the COVID crisis.

Industry/Innovation/Related News:

June 08, 2020 ---- The US Department of Agriculture
(USDA) launched The 2020 Feds Feed Families Food Drive. The annual Feds Feed
Families campaign encourages employees from all departments and agencies to
contribute to food, services, and time to food banks and pantries.

According to USFDA, this year’s FFF Drive focuses on healthy
and nutritious food, such as non-perishables and fresh foods, specifically
including high protein such as beans, grains, canned vegetables, dried fruit,
hot & cold cereal, and canned fruit, among others. During the beginning of
the 11th annual Feds Feed Families campaign, the USDA said that this campaign
would focus on online donations and virtual food drives due to the COVID-19
pandemic.

NOTE: Our Team of Researchers are Studying Covid19 and its
Impact on Various Industry Verticals and wherever required we will be
considering Covid19 Footprints for Better Analysis of Market and Industries.
Cordially get in Touch for More Details.