The Asia Pacific Canned Tomatoes Market is expected to 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 is expected to 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 is expected to 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 is expected to 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 is expected to slow down the growth of the regional canned tomatoes market. Although, the high shelf life and the authentic taste of the canned food items is expected to attract consumers to spend for these items that is expected to 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 is expected to 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 is expected to 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.
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
- Offline
- Online
By Type
- Diced Tomatoes
- Whole Peeled Tomatoes
- Stewed Tomatoes and
- Other Types
By End User
- Commercial and
- Residential
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
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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Table of Contents
Companies Mentioned
- 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.
Methodology
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