Canned Tomatoes Market Overview
The canned tomatoes market is projected to expand at a robust pace, reaching a value of USD 19.5 billion by 2032, with a compound annual growth rate (CAGR) of 5.60%. This growth is driven by several key factors that are shaping the global market for canned tomatoes. One of the primary drivers of this growth is the increasing demand for convenient and ready-to-use food products. Canned tomatoes offer a convenient and long-lasting alternative to fresh tomatoes, making them a popular choice among consumers looking for quick and easy meal solutions.
Canned tomatoes are a common ingredient in kitchens around the world, providing convenience and adaptability to both amateur cooks and professional chefs. These goods, which are prepared and packed in airtight containers, guarantee a constant supply of tomatoes regardless of the season. The global canned tomatoes market has grown steadily in recent years, driven by rising demand for convenient and conveniently available food products.
The canned tomato market is primarily driven by the increased need for convenience in food preparation. Canned tomatoes are a convenient alternative to fresh tomatoes, with a similar taste and nutritional profile. Furthermore, growing consumer knowledge of tomatoes' health benefits, such as their high lycopene content and antioxidant capabilities, has helped to drive market expansion.
Key Players
Red Gold
General Mills, Inc.
Kraft Heinz Company
Sun-Brite Foods Inc.
Dematteis
Del Monte Foods Holding Limited and Subsidiaries
Unilever Plc
Nestle S.A.
Conagra Brands.
Princes Limited
Market Segmentation
1. By Type:
entire Peeled Tomatoes: These are entire tomatoes that have been peeled and stored in their natural juices. They are widely used in sauces, stews, and soups.
Diced tomatoes are cut into small, consistent pieces and bottled in their juices. They're commonly used in salsas, pasta recipes, and casseroles.
Stewed tomatoes are simmered and seasoned with herbs and spices prior to canning. They are widely used in meals like chili and Spanish rice.
Others: This group includes tomato puree, sauce, and paste, which are processed and canned for usage in a wide range of recipes.
2. By End-User:
Residential: This sector includes individual consumers who buy canned tomatoes for home cooking.
Commercial customers include restaurants, hotels, and catering services that prepare meals with canned tomatoes.
3. By Sales Channel:
Offline Channels: Supermarkets, hypermarkets, convenience stores, and specialized food stores sell canned tomatoes.
Online channels are e-commerce sites that allow people to purchase canned tomatoes online.
Regional Analysis
The global canned tomatoes market is segmented into various regions, including North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
North America: The North American canned tomatoes market is driven by the popularity of Italian and Mexican cuisines, which frequently include canned tomatoes as a crucial ingredient. The United States is a significant market in this region, with high demand for canned tomatoes in both the home and commercial sectors.
Europe is another big market for canned tomatoes, with Italy, Spain, and Portugal among the leading producers and consumers. The Mediterranean diet, which includes many tomato-based recipes, contributes to the high demand for canned tomatoes in this area.
Asia Pacific: The canned tomato market in Asia Pacific is rapidly expanding, owing to increased urbanization and changing consumer dietary habits. Countries such as China, India, and Japan are growing as important marketplaces in the region.
Latin America is a large tomato grower, with a significant market for canned tomatoes. Mexico and Brazil are big consumers of canned tomatoes, both locally and internationally.
Middle East and Africa: The Middle East and Africa area is also experiencing growth in the canned tomato market, owing to rising demand for convenient food items. Egypt, South Africa, and Nigeria are major markets in this region.
Organic Snacks Market Research Report - Forecast till 2027
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