The Global Canned Goods Market was valued at USD 20,820.5 million in 2021, projected to grow at a CAGR of 3.8% during the forecast period 2021 to 2030. The high demand for healthy food items has increased as a result of time constraints and the convenience of preparation, which is boosting the canned goods market.
It also contains information on complete and distinct assessments of the global canned goods market drivers and constraints, as well as a detailed analysis of market segmentation and significant market developments.
Commercially available canned items include seafood, fruits and vegetables, chocolates and desserts, soups and sauces, lentils, and pasta, to name a few. Customers' dependency on ready-to-eat meals and convenience foods has increased as the number of working women has increased.
Food canning is a method of food preservation that involves sealing and sterilizing food in airtight vessels. Among the different canned food goods available on the market are seafood, meat, fruits, vegetables, meals, sweets & desserts, soups & sauces, beans, lentils, and pastas. Canned foods have become one of the most popular preserved food products on the market because the canning procedure maintains its original ingredients.
As a result of their hectic lifestyles, consumers' preference for convenience foods has surged in recent years. Due to its excellent nutrient, color, and flavor retention, canned foods have become one of the most popular preserved food options among customers.
Commercially available canned items include seafood, fruits and vegetables, chocolates and desserts, soups and sauces, lentils, and pasta. Customers' dependency on ready-to-eat meals and convenience foods has increased as the number of working women has increased.
Over the forecast period, consumer demand for ready-to-eat or ready-to-cook food is expected to rise globally, fueling market growth. Seafood, such as fish and crab, is being consumed in greater amounts. Tuna is one of the most well-known canned foods consumed around the world, and as a result, the industry is expected to rise.
Demand for healthy food has increased as a result of time constraints and the convenience of preparation, boosting the canned goods market. It also contains information on complete and distinct assessments of the global canned goods market drivers and constraints, as well as a detailed analysis of market segmentation and significant market developments.
Customers' dependency on ready-to-eat meals and convenience foods has increased as the number of working women has increased.
TABLE 1: GLOBAL CANNED GOODS MARKET OVERVIEW
COVID-19 has had a global impact on customer behavior. To feed themselves and their family, many consumers must contend with food scarcity and delivery bottlenecks. Despite the food industry's assurances about food availability, the initial phase of the COVID-19 pandemic was marked by panic buying by customers, who engaged in stockpiling behaviors in anticipation of movement limits and fear of interferences with food transportation methods. As a result of the crisis, there has been an increase in the supply of preferable products such as pasta, canned fish, rice, and canned tomatoes, among others, to create home stocks, as well as a decrease in the use of extremely perishable products, which have been replaced by those with longer preservation times, and a trend to replace fresh products with frozen ones.
Figure 1. Canned Goods Market Snapshot
Canned Goods Market, by Type
Based on type, the market has been segmented into canned meat and poultry, canned fruits, canned vegetables, canned aquatic products, and others. Sauces, candies, and desserts, as well as other rarely used canned meals, are examples of other food products. In terms of revenue, the meat and poultry segment is likely to dominate the market.
Adoption of canned meat and poultry products varies by country and is influenced by a variety of factors such as price, brand, and the types of meat and poultry items available. In China, Japan, Thailand, and Taiwan, for example, demand for canned seafood such as canned tuna, canned mackerel, and canned shrimp has more than doubled in recent years.
Canned Goods Market, by Packaging
Based on the packaging material, the market is divided into three categories: tin, steel, and aluminum. Tin-free steel and tinplate steel are two types of steel. The worldwide canned goods market is likely to be dominated by the tin sector.
Furthermore, due to several benefits offered in the canned foods business, the tin category is predicted to be the largest growing sector during the forecast period. On account of increased shelf-life with quality preservation benefits, protection from oxygen, moisture, light, and other pollutants are just a few of the advantages. Aluminum cans do not rust and are corrosion resistant, so they can keep food fresh for a long time.
Canned Goods Market, by Applications
Based on application, the market is divided into department stores, supermarkets, restaurants, online sales, and others. During the projection period, department shops will dominate the market during the near future. Owing to the advantages they provide, such as bulk purchasing at lower rates, central location, and the availability of top-selling brands under one roof.
Canned Goods Market, by Region
Based on region, the market is segmented into Europe, North America, Asia Pacific, South America, and Middle East and Africa. Due to increased expenditure on canned food goods such as canned tomatoes, canned meat products, and canned vegetables in the area, Europe is expected to hold the largest market share in near future. Without the impact of COVID-19, the European canned goods market was anticipated with a moderate growth rate over the forecast period. However, due to changing lifestyles and disposable income in Asia Pacific countries like as India and China, Asia Pacific is predicted to have the highest CAGR during the forecast period.
TABLE 2: GLOBAL CANNED GOODS MARKET OVERVIEW
Some Recent Developments in the Global Canned Goods Market:
- April 2020, Napolina (Italy), introduced drained canned quinoa as part of a new convenience food line. Chickpeas, red kidney beans, and cannellini beans are among the other goods in the line.
- May 2020, Ye Olde Oak Foods Ltd. (U.K.), a canned hot dog and meat business, established a new online website with the support of digital marketing agency Fablr Ltd. in order to have a more vivid web presence and to showcase their products on an online platform.
Major Companies: Grupo Calvo (Luis Calvo Sanz, S.A), Kraft Heinz (Pittsburgh), Danish Crown (Randers), JBS(Greeley, Colorado), Dongwon Industries (South Korea), Rhodes Food Group (Pniel Rd Groot Drakenstein, Paarl), Bolton Group (Itay), Zi Shan (Pakistan)
- Canned Fruit
- Canned Vegetables
- Canned Meat and Poultry
- Canned Aquatic Products
- Department Stores
- Online Sales
By Packaging material
- North America
- Asia Pacific
- Middle East & Africa
- South America
For more information, contact: firstname.lastname@example.org