The Europe Canned Tomatoes Market would witness market growth of 5.1% CAGR during the forecast period (2021-2027).
The growing preference of the consumers for canned fruits and vegetables soaked in their natural juices is estimated to spur the growth of the regional market. The presence of numerous key market players across various nations of this region is estimated to bolster the growth of the regional canned tomatoes market during the forecast period. In addition, factors like the changing food patterns of consumers in this region are creating more demand for canned tomatoes in this region.
The major contributor to the market growth is the fast-food chains, which are creating a high demand for the product. The swift urbanization and increasing disposable income of consumers across the world would also spur market growth.
However, the supply chain disruption caused by the outbreak of the COVID-19 pandemic would negatively impact the demand and supply of the products across the region. Countries like Germany and the UK are among the key countries boosting the demand and growth of the regional canned tomatoes market over the forecast period. The high shelf life of canned food products is motivating consumers to use these canned products, which would support the growth of the regional canned tomatoes market.
The Germany market dominated the Europe Canned Tomatoes Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $1.53 billion by 2027. The UK market would experience a CAGR of 4.3% during (2021 - 2027). Additionally, The France market is poised to grow at a CAGR of 5.9% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Canned Tomatoes Market Size will Hit $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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