The global canned peeled tomatoes market was valued at $4 billion in 2022 and is projected to reach $6.8 billion by 2032, growing at a CAGR of 5.6% from 2023 to 2032.
The global canned peeled tomatoes market size was valued at $3,952.1 million in 2022 and is projected to reach $6,779.5 million by 2032, registering a CAGR of 5.6% from 2023 to 2032.
Canned peeled tomatoes are a versatile ingredient that can be used in a wide variety of recipes to add flavor, nutrition, and color to everything from soups and stews to casseroles and pasta sauces. They are an incredibly versatile ingredient that can be used in a wide variety of recipes.
Market Dynamics
With urbanization and change in lifestyles, consumers are seeking convenient meal solutions. Canned peeled tomatoes provide a quick & easy option for preparing a variety of dishes, from pasta sauces to soups and stews. This convenience factor has driven the demand for canned peeled tomatoes among busy households, working professionals, and students. Manufacturers are focusing on packaging innovations that offer convenient features, such as easy-open lids, portion-sized cans, or resealable containers. Further, they can develop recipe ideas and meal solutions that highlight convenience which is expected to drive the growth of the canned peeled tomatoes industry
Versatility has made canned peeled tomatoes a staple ingredient in many kitchens around the globe, and the demand for them continues to grow. Manufacturers can leverage this versatility by developing new and innovative recipes that showcase the different culinary applications of canned peeled tomatoes. Further, they can work with chefs & culinary experts to create recipe ideas and cooking tutorials that inspire consumers to experiment with different cuisines and culinary techniques. with the growing trends of ready-to-eat products in developing countries is expected to propel canned peeled tomatoes market demand in the upcoming years. Moreover, canned peeled tomato manufacturers can cater to the growing trend of ethnic and regional cuisines by offering canned peeled tomatoes that are specifically formulated for these cuisines. This can include products that are spiced or flavored to suit the different culinary preferences of consumers in different regions.
There is a growing awareness among consumers about the importance of a healthy diet and its impact on overall well-being. Canned peeled tomatoes offer various health benefits as they are a rich source of vitamins, minerals, and antioxidants. They are known to contain lycopene, a powerful antioxidant that may help reduce the risk of certain types of cancers and promote heart health. This increase in awareness of the health benefits associated with canned peeled tomatoes has driven consumer demand and contributed to canned peeled tomatoes market growth.
The canned peeled tomatoes market can benefit from the growth in demand for convenience foods. With busy lifestyles and an increase in workloads, consumers are seeking easy-to-prepare meals that require minimal time & effort. To capitalize on this opportunity, manufacturers can offer canned peeled tomatoes in different packaging sizes and forms, including single-serve cups, pouches, and resealable containers. Further, they can develop recipe ideas and meal solutions that highlight the convenience of using canned peeled tomatoes as an ingredient. Moreover, manufacturers can leverage online platforms to provide cooking tutorials and recipe ideas to promote the convenience of using canned peeled tomatoes in home-cooked meals which expected propel the growth during canned peeled tomatoes market forecast.
The cost of tomatoes is subject to market forces such as weather conditions, seasonality, and supply chain disruptions. Any significant fluctuations in tomato prices can impact the profitability of canned peeled tomato manufacturers, who may need to pass on the cost to consumers. Manufacturers may struggle to predict and manage their costs effectively, leading to decreased profit margins or even losses. This can hinder the financial viability of the manufacturers and deter investments in the market.
Segmental Overview
The global canned peeled tomatoes market is segmented on the basis of type, end user, distribution channel, and region. By type, it is divided into whole peeled tomatoes, diced tomatoes, crushed tomatoes, pureed tomatoes, and others. According to end user, it is divided into residential and commercial. As per the distribution channel, it is divided into online and offline. Region-wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, Italy, Spain, UK, Russia, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, Thailand, Malaysia, Indonesia, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, UAE, Argentina, and rest of LAMEA).
By Type
Depending on type, the whole peeled tomatoes segment held the major canned peeled tomatoes market share in 2022, owing to the fact that diced canned tomatoes are a convenient ingredient that can be used in a variety of recipes, such as pasta sauces, soups, stews, chili, and salsa. The advantage of using diced canned tomatoes is that they save time and effort compared to dicing fresh tomatoes, and they provide a consistent flavor & texture.
By End user
As per end user, the residential segment held the major share of the market in 2022. The growth of this segment can be attributed to an increase in the adoption of canned products. Furthermore, the increase in affinity of consumers toward convenient products drives the growth of the canned peeled tomatoes market, globally. With the growth in propensity toward home-cooked food, especially in developed economies, the demand for canned tomatoes is expected to gain high traction in the residential segment.
By Sales Channel
By sales channel, the offline segment held the major share of the market in 2022 and is expected to maintain its dominance during the forecast period. Hypermarkets & supermarkets, specialty stores, convenience stores, and other small retail stores, all fall within the offline section. Most localities have a few modest trade lines that house retail establishments, which are often tiny retailers. Such stores are more common in underdeveloped countries with low hypermarket & supermarket penetration rates. As a result, a larger selection of canned products, including canned peeled tomatoes is offered offline.
By Region
Region wise, Europe was the largest market and held the major share of the market in 2022. Global brands strive among themselves to deliver better value propositions and effective marketing strategies. Europe's market is largely dominated by the residential sector owing to high product adoption in this segment. Moreover, the increase in use of canned peeled tomatoes in cross-cultural cuisines in Germany, UK, Italy and Spain is expected to propel the growth of the market.
Competition Analysis
The players in the canned peeled tomatoes market have adopted acquisition, business expansion, partnership, collaboration, and product launch as their key development strategies to increase profitability and improve their position in the market.
Some of the key players profiled in the canned peeled tomatoes market analysis include B&G Foods, Bianco DiNapoli, Cento Fine Foods, Conagra Brands, Inc., Del Monte Pacific Limited, General Mills, Inc., La Doria S.p.A., Mutti S.p.A., The Kraft Heinz Company, and The Pastene Companies, Ltd.
Recent Acquisition in the Canned Peeled Tomatoes Market
- In August 2022, Del Monte Pacific Limited acquired assets, including intellectual property and inventory of and broth brand Kitchen Basics, from McCormick & Co. With this acquisition, it will expand its retail presence in the U.S.
- In October 2021, The Kraft Heinz Company acquired Assan Foods which is a Turkey-based food manufacturer, from Kibar Holdings. With this acquisition, it will gain access to manufacturing facilities and will further its production of tomato-based products.
Recent Expansion in the Canned Peeled Tomatoes Market
- In February 2023, Mutti S.p.A. expanded its factory capacity in Montechiarugolo, Italy. This will allow it to increase its production capacity for its products.
- In June 2022, Conagra Brands, Inc. opened a new vegetable processing facility in Waseca, Minnesota. With this expansion, it will increase vegetable production and processing capabilities to meet the growing demand. the expansion will allow it to increase production efficiency for its fresh vegetable business.
- In November 2020, The Pastene Companies, Ltd. announced the launch of its new e-commerce website to allow its customers to search for and shop for its products efficiently.
Recent Partnership in the Canned Peeled Tomatoes Market
- In March 2023, The Kraft Heinz Company partnered with AB InBev’s BEES, which is a B2B e-commerce platform. With this partnership, it will focus on strengthening its distribution and expand its sales presence in LATAM.
- In January 2023, The Pastene Companies, Ltd. announced that its products will be available at Publix Super Markets. With this, it will expand its sales presence.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the canned peeled tomatoes market analysis from 2022 to 2032 to identify the prevailing canned peeled tomatoes market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the canned peeled tomatoes market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global canned peeled tomatoes market trends, key players, market segments, application areas, and market growth strategies.
Canned Peeled Tomatoes Market Report Highlights
| Aspects | Details |
 Market Size By 2032 | USD 6.8 billion |
 Growth Rate | CAGR of 5.6% |
 Forecast period | 2022 - 2032 |
 Report Pages | 320 |
 By Type |
|
 By End User |
|
 By Sales Channel |
|
 By Region |
|
 Key Market Players | General Mills, Inc., Cento Fine Foods, Inc., Mutti S.p.A., Conagra Brands, Inc., The Pastene Companies, Ltd., Del Monte Pacific Limited, Bianco DiNapoli, B&G Foods, Inc., The Kraft Heinz Company, La Doria S.p.A. |
Analyst Review
According to the insights of CXOs of leading companies, rapid urbanization and change in lifestyle are on the rise resulting in an increase in demand for canned peeled tomatoes. Moreover, growth in ready-to-eat food has contributed to the expansion of the market. In addition, a rise in disposable income and greater internet & smartphone use are the other factors contributing to the market growth. While Asia-Pacific saw the strongest growth in the global canned peeled tomatoes market in 2022, China remains the largest market for various types of canned peeled tomatoes, accounting for around one-third of the global market.
An increase in sale of canned peeled tomatoes via online channels and the adoption of omnichannel approaches by engaged stakeholders significantly improve the prospects of the canned peeled tomato market. Moreover, the companies offer products in recyclable cans and are focused on enhancing security & transparency. Producers are attempting to provide the highest quality canned peeled tomatoes as well as innovative canning techniques that preserve nutrients for a long time in response to the rise in demand.
The global canned peeled tomatoes market size was valued at $3,952.1 million in 2022 and is projected to reach $6,779.5 million by 2032, registering a CAGR of 5.6% from 2023 to 2032.
The global canned peeled tomatoes market is segmented on the basis of type, end user, sales channel, and region. By type, it is divided into whole peeled tomatoes, diced tomatoes, crushed tomatoes, pureed tomatoes, and others. Depending on end user, it is divided into residential and commercial. As per sales channel, it is divided into online and offline. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, Italy, Spain, the UK, Russia, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, Thailand, Malaysia, Indonesia, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, UAE, Argentina, and rest of LAMEA).
The largest regional market for canned peeled tomatoes is Europe.
The major players analyzed for the canned peeled tomatoes market are B&G Foods, Bianco DiNapoli, Cento Fine Foods, Conagra Brands, Inc., Del Monte Pacific Limited, General Mills, Inc., La Doria S.p.A., Mutti S.p.A., The Kraft Heinz Company, and The Pastene Companies, Ltd.
The global canned peeled tomatoes market report is available on request on the website of Allied Market Research.
Loading Table Of Content...
Loading Research Methodology...
