According to a new report, published by KBV research, The Global Canned Peeled Tomatoes Market size is expected to reach $5.5 billion by 2030, rising at a market growth of 5.3% CAGR during the forecast period. In the year 2022, the market attained a volume of 963.1 kilo tonnes, experiencing a growth of 4.9% (2019-2022).
The Online segment would showcase a CAGR of 7.3% during (2023 - 2030). Online shopping offers consumers the convenience of purchasing canned peeled tomatoes from the comfort of their homes at any time of the day or night. This eliminates the need for consumers to visit physical stores, saving time and effort in the shopping process. In addition, customers are not restricted by the inventory available in physical stores since a large selection of products enables them to compare products and select the ones that best suit their needs and tastes.
The Residential segment is leading the Global Canned Peeled Tomatoes Market by End User in 2022; thereby, achieving a market value of $3.4 billion by 2030. The growing use of canned goods is responsible for the segment’s growth. Furthermore, the increase in consumers’ affinity toward convenient products drives the growth of the canned peeled tomatoes market globally. With the propensity toward home-cooked food growing, especially in developed economies, the demand for canned tomatoes is expected to gain high traction in the residential segment.
The Whole Peeled Tomatoes segment is anticipating a CAGR of 4.9% during (2023 - 2030). Whole peeled tomatoes offer versatility in culinary applications. They can be used in various dishes, such as pasta sauces, soups, stews, and casseroles. Their intact structure allows for customization in cooking, as they can be crushed, diced, or left whole, depending on the desired texture and consistency of the dish.
Full Report: https://www.kbvresearch.com/canned-peeled-tomatoes-market/
The Europe region dominated the Global Canned Peeled Tomatoes Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $2.2 billion by 2030. The Asia Pacific region is experiencing a CAGR of 6% during (2023 - 2030). Additionally, The North America region would exhibit a CAGR of 5% during (2023 - 2030).
By Sales Channel (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By End User (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Type (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Geography (Volume, Kilo Tonnes, USD Billion, 2019-2030)