North America 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 North America Canned Tomatoes Market would witness market growth of 3.4% CAGR during the forecast period (2021-2027).
The introduction of new varieties of canned tomatoes by the key market players is estimated to fuel the growth of the canned tomatoes market over the forecast period. In addition, the increasing demand for canned tomatoes is motivating manufacturers to innovate their products and expand their product line, which would further accelerate the growth of the market. Along with that, consumers are highly inclined towards the usage of high-quality natural ingredients, which would encourage manufacturers to eliminate preservatives and other chemical substances. The high shelf life of these canned tomatoes is attracting more customers towards these products as it offers convenience to them, and thus, contributing to the high demand for these products in the market
Factors like the hectic schedule of the consumers, the increasing growth of the hospitality sector, and the high disposable income of the consumers are estimated to fuel the growth of the regional canned tomatoes market during the forecast period. In addition, consumers are now increasingly adopting cooking at home culture in order to maintain a healthy lifestyle, which is boosting the demand for canned tomatoes in the regional market.
Furthermore, people across various developed nations like the US and Canada are becoming more sensitive to the changing environmental condition, which is creating demand for eco-friendly packaging of different products. This is estimated to slow down the growth of the regional canned tomatoes market in the coming years. Along with that, tomatoes are high in demand in this region as it is the most commonly used ingredients in various dishes and cuisines.
The US market dominated the North America Canned Tomatoes Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $1.85 billion by 2027. The Canada market is anticipated to grow at a CAGR of 4.8% during (2021 - 2027). Additionally, The Mexico market is experiencing a CAGR of 4.6% 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 U.S., Mexico, Canada, and Rest of North America.
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
- Rest of North America
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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