PROSPECTS AND OPPORTUNITIES
Sales expected to remain in a slight negative retail volume slump, with value levels low
Processed fruit and vegetables is expected to remain in a slight negative retail volume slump over the forecast period, while value is expected to remain positive, yet low. Overall, processed fruit and vegetables will continue to face competition from fresh produce, the competition of which becomes more pronounced as inflationary pressures ease and fresh produce is more affordable to consumers.
Foodservice sees a small positive volume performance, with this set to continue
Foodservice is managing to achieve small positive volume gains in processed fruit and vegetables in 2024, and this better performance is expected to continue over the forecast period. In a cross-category trend, the foodservice channel continues to normalise after the atypical crashes and following spikes seen during the era of pandemic restrictions and following reopening of society.
Could processed fruit and vegetables also face competition from ready meals and meal kits?
It is possible that processed fruit and vegetables may also face competition from ready meals and meal kits over the forecast period. Such products offer a complete meal, rather than just a single item as part of a meal, and manufacturers in this space are strongly focussed on innovative and affordable products which appeal to their consumer demographic – alongside offering an increasingly widening variety.
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Overview:
Understand the latest market trends and future growth opportunities for the Processed Fruit and Vegetables industry in Canada with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
Data and analysis in this report provides further detailed coverage dedicated to a comprehensive range of core packaged food categories.
If you're in the Processed Fruit and Vegetables industry in Canada, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Processed Fruit and Vegetables in Canada report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Processed Fruit and Vegetables in Canada?
- Which are the leading brands in Processed Fruit and Vegetables in Canada?
- How are products distributed in Processed Fruit and Vegetables in Canada?
- How is the rise of e-commerce and/or the expansion of modern grocery retail impacting traditional retail?
- What are the key health and wellness concerns driving, or challenging, sales in Processed Fruit and Vegetables?
- How significant are vegan and vegetarian dietary requirements in determining sales growth in Canada?
- How has COVID-19 impacted consumer demand? To what extent have lockdown, home seclusion and stockpiling boosted sales? Will the longer term economic repercussions of the pandemic stimulate or suppress future growth?
- Where is future growth expected to be most dynamic?
- How significant will values-based claims, such as sustainability and ethical labelling, be in supporting future growth and brand equity?
Processed Fruit and Vegetables in Canada - Category analysis
KEY DATA FINDINGS
Processed fruit and vegetables remains in a volume slump, with value also down due to lowering inflation levels
Discounters carve out a share of sales due to offering low prices to budget-conscious consumers
Frozen processed fruit and vegetables shows slightly less steep declines
Sales expected to remain in a slight negative retail volume slump, with value levels low
Foodservice sees a small positive volume performance, with this set to continue
Could processed fruit and vegetables also face competition from ready meals and meal kits?
Staple Foods in Canada - Industry Overview
Staple foods in 2024: The big picture
Key trends in 2024
Competitive landscape
Channel developments
What next for staple foods?
DISCLAIMER
The following categories and subcategories are included:
Processed Fruit and Vegetables
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- Shelf Stable Beans
- Shelf Stable Fruit
- Shelf Stable Tomatoes
- Shelf Stable Vegetables
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- Frozen Fruit
- Frozen Processed Potatoes
- Frozen Processed Vegetables
Processed Fruit and Vegetables
This is the aggregation of processed shelf stable fruit and vegetables and processed frozen fruit and vegetables.
See all of our definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Processed Fruit and Vegetables research and analysis database.
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