The Global Canned Food Market was valued at USD xx Billion in 2019 and is anticipated to grow at a CAGR of xx during the forecast period. Canned food is preserved for long time by packing them into airtight containers. The shelf life of such food is around 1-5 years.Canned food commonly includes soups, vegetables,fruits, beans, seafood, and others.
Canned food preserve the nutrition of the food. Canning is mostly used to preserve meat and meat products for longer duration of time. Canned food or processed food is a good source of nutrients.The canned food market is driven by various factors such as hectic lifestyles, increase in the demand for ready-to-eat food, rapid urbanization, and increasing awareness about healthy food and essential nutrition among the population.
Moreover, consumers are more inclined towards healthy and convenience food products.In developing countries, the number of supermarket and retail market are increasing, whichis contributing tothe growth of the canned food market.Furthermore, increasing investment in the manufacturing of organic products, rise in disposable income, and increasing demand for milk-based products such as cheese and ice-creams are anticipated to propel the growth of the market.
However,the high cost of raw materials, availability of alternative options for packaging, use of various chemicals to preserve food, and benefits of fresh food over stored food are some other factors that are restraining the market growth. Apart from these, investment in R&D and innovation of new products can offer growth opportunities in the market, globally.
The Canned food market segmentation is based on type, application, and region.
Based on types, the market is segmented into Canned Fruit, Canned Vegetables, Canned Meat and Poultry, Canned Aquatic Products, and Others. The canned meat and poultry segment is anticipated to hold the maximum market share, owing to an increase in the demand for meat globally due to high protein content Also,increasing awareness of health consumers who prefer canned fruits and vegetables is likely to promote the growth of the market.
Distribution Channel Outlook
Based on the distribution channel, the market is segmented into Restaurant, Supermarkets, Department Stores, Online Sales, and Others.
Based on the region, the global Canned FoodMarket segmentation includes North America, Western Europe, Eastern Europe, Asia Pacific, the Middle East, and the Rest of the World. North America dominated the global market.North America and Europe are anticipated to hold the maximum market share in the canned food market.
Asia Pacific is expected to grow rapidly due to an increase in disposable income.China and Japan are some of the main countries with high meat sales that has led to the development of the industry. The increase in investment by major companies anda rise in production capacity by industries in Asia Pacific havedriventhe growth of this region.Asia-Pacific is the fastest-growing region in the global market for canned food, particularly canned meat, fish/seafood, and fruits. Countries such as Japan, Korea, and China import high quantities of canned crab meat.
The report analyses factors affecting the Canned Food Market for both demand and supply. It further analyses the market dynamics such as drivers, restraints, opportunities, and future trends during the forecast years. The report also provides a comprehensive Porter’s model analysis on the Canned Food Market for all six regions, viz, North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, and the Rest of the world.
The key market players are adopting inorganic development strategies like the acquisition of local brands. Similarly, other business models such as joint ventures and collaborations are helping prominent vendors to strengthen their presence in the Canned Food Market and expand their product portfolio. The key leading players in the global Canned Food Market include the Campbell Soup Company, Conagra Brands, Nestlé, Amcor Limited, DelMonte Pacific Ltd., Pinnacle Food Inc., Bolton Groups, Kraft Heinz, and BonduelleSA, among others.
This report also includes the profiles of key Canned Food Market companies, along with their SWOT analysis and market strategies. In addition, these competitive landscapes provide a detailed description of each company including future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launch, new product developments, and other latest industrial developments.
Key Developments in Canned Food Market
- In May 2020, Ye Olde Oak Foods LTD,the canned hot dog and meat brand has launched its new online website with the help of digital marketing agency Fablr Ltd, in order to have a new vibrant web presence and for showcasing their products on online platform.
- In April 2020, Napolina, an Italian cooking brand, launched drained canned quinoa as a part of new convenience food range. The other products in the range include chickpeas, red kidney beans, and cannellini beans.
What Does This Report Provide?
This report provides a detailed understanding of the global canned food market from qualitative and quantitative perspectives during the forecast period. The report also provides dynamic indicators with potential impact on the market during the forecast period and an in-depth analysis of the leading companies operating in the market.
Canned Food Market Segmentation:
- Canned Fruit
- Canned Vegetables
- Canned Meat and Poultry
- Canned Aquatic Products
By Distribution Channel
- Department Stores
- Online Sales
North America Canned Food Market
- North America, by Country
- North America, by Type
- North America, by Distribution Channel
Europe Canned Food Market
- Europe, by Country
- The Netherlands
- Rest of Europe
- Europe, by Type
- Europe, by Distribution Channel
Asia Pacific Canned Food Market
- Asia Pacific, by Country
- South Korea
- Rest of Asia Pacific
- Asia Pacific, by Type
- Asia Pacific, by Distribution Channel
The Middle East & Africa Canned Food Market
- The Middle East & Africa, by Country
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
- The Middle East & Africa, by Type
- The Middle East & Africa, by Distribution Channel
South America Canned Food Market
- South America, by Country
- Rest of South America
- South America, by Type
- South America, by Distribution Channel
Reasons to Buy This Report:
- Market size estimation of thecanned food market on a regional and global basis
- Unique research usage for market size estimation and forecast
- Profiling of major companies operating in the market with key developments
- Broad scope to cover all the possible segments helping every stakeholder in the market
We provide customization of the study to meet specific requirements:
- By Segment
- By Sub-segment
- By Region/Country
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