The Asia Pacific Canned Tomatoes Market would witness market growth of 7.7% CAGR during the forecast period (2021-2027).
Canned tomatoes have the shelf life of up to 18 months. The rising disposable income of the consumers and the shifting food culture of numerous nations of this region would create lucrative opportunities for the key market players. However, consumers across nations like India prefer the consumption of fresh fruits and vegetables, which may impede the growth of the regional canned tomatoes market in the coming years. The growth of the canned tomatoes market in this region would be moderate due to the presence of nations like India and China, which are among the largest producer of tomatoes. However, the growing hospitality sector of this region would highly contribute to the growth of the regional canned tomatoes market.
In addition, the strong agriculture sector of many countries like India of the region is motivating consumers to consume fresh fruits and vegetables than canned ones, which would slow down the growth of the regional canned tomatoes market. Although, the high shelf life and the authentic taste of the canned food items would attract consumers to spend for these items that would support the growth of the regional canned tomatoes market during the forecast period.
The China market dominated the Asia Pacific Canned Tomatoes Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $1.03 billion by 2027. The Japan market is showcasing a CAGR of 6.7% during (2021 - 2027). Additionally, The India market is would exhibit a CAGR of 8.1% during (2021 - 2027).
Based on Sales Channel, the market is segmented into Offline and Online. Based on Type, the market is segmented into Diced Tomatoes, Whole Peeled Tomatoes, Stewed Tomatoes and Other Types. Based on End User, the market is segmented into Commercial and Residential. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Canned Tomatoes Market is Projected to reach USD 14.41 Billion by 2027, at a CAGR of 5.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Nestle S.A., Conagra Brands, Inc., General Mills, Inc., The Kraft Heinz Company, Unilever PLC, Del Monte Pacific Limited, Olam International Limited, Red Gold, Inc., The Morning Star Company, and Xinjiang Chalkis Co., Ltd.
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