LAMEA Canned Tomatoes Market By Sales Channel (Offline and Online), By Type (Diced Tomatoes, Whole Peeled Tomatoes, Stewed Tomatoes and Other Types), By End User (Commercial and Residential), By Country, Opportunity Analysis and Industry Forecast, 2021 - 2027
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Market Report Description
The Latin America, Middle East and Africa Canned Tomatoes Market would witness market growth of 8.5% CAGR during the forecast period (2021-2027).
There is high popularity of canned food products in several parts of the world. Tomatoes contain the antioxidant lycopene, potassium, folate, and vitamin C and K. In addition, the consumption of tomatoes can help in preventing cancer, help in improving the digestion, protecting against sunburns, and managing blood pressure, heart health, and blood glucose levels in consumers with diabetes. A huge quantity of canned tomatoes is being purchased by the hospitality sector, which is estimated to bolster the growth of the market. There is an increase in the consumption of processed tomato products, which was earlier restricted to the western nations only.
Canned tomatoes are highly used in the commercial sector of this region including the hospitality sector. The increased shelf life of these canned tomatoes is one of the major reasons behind their adoption in the hospitality industry. In addition, consumers are shifting towards living a sustainable lifestyle, which is estimated to support the growth of the regional canned tomatoes market in the upcoming years. The changing lifestyle of the consumers and increasing preference of people towards the dine-out trend would also augment the demand for canned tomatoes in the commercial sector.
The growing penetration and demand for packaged food items across the region would also fuel the growth of the regional market. Along with that, consumers are increasing their demand for packaged and canned food products as using these products can minimize their cooking time and provide an authentic taste to the dish. Due to this, the demand for canned tomatoes would increase in the region over the forecast period.
The Brazil market dominated the LAMEA Canned Tomatoes Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $0.37 billion by 2027. The Argentina market would witness a CAGR of 9.1% during (2021 - 2027). Additionally, The UAE market is exhibiting a CAGR of 8.2% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Canned Tomatoes Market is Predict to reach $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.
Scope of the Study
Market Segments Covered in the Report:
By Sales Channel
- Diced Tomatoes
- Whole Peeled Tomatoes
- Stewed Tomatoes and
- Other Types
By End User
- Commercial and
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- 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
- Xinjiang Chalkis Co., Ltd.
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