The Global Canned Food Market size is expected to grow from USD 130.53 billion in 2022 to USD 194.33 billion by 2030, at a CAGR of 5.1% during the forecast period (2023-2030).

 

Canning is a method of preserving foods for longer period of time by packing them in different airtight containers. The canned food serves enriched nutrients to the health-conscious consumers. The market is mainly driven by the rising urban population that prefers healthy food rich in protein, fibers, vitamins, and omega-3 fatty acids. Consumers who are ready to spend a little more for the small, easy, ready-to-cook meat and seafood as well as organic canned fruits and vegetables are thus boosting the market sales. The rise in the trend of busy life and working population especially among millennials, consumer inclination toward the consumption of convenience food products has increased rapidly during the recent years. Due to retention of high amount of nutrients, color and flavor, canned foods have become one of the most preferred choices of preserved foods among consumers.

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The Major Players in The Canned Food Market Include:

Bolton Group Srl (Italy),Campbell Soup Co (US),ConAgra Brands Inc (US),Del Monte Pacific Ltd (California),General Mills Inc. (Minnesota, US),Nestle SA (Switzerland),Princes Ltd (UK),The Hain Celestial Group Inc (New York),The J.M. Smucker Co (Ohio, US),The Kraft Heinz Co (Chicago, US),Danish Crown (Denmark),CHB Group (Cheltenham, UK),AYAM SARL. (Singapore),JBS S.A (Greeley, US), and other major players.

Market has segmented the global Canned Food Market on the basis of type, application, and region:

The Canned Food Market is segmented by type and application. Growth between segments over the period 2023-2030 provides accurate calculations and forecasts of revenue by type and application in terms of volume and value. This analysis can help you expand your business by targeting eligible niches.

By Product Type

·         Canned Meat Products

·         Canned Fish/Seafood

·         Canned Vegetables

·         Canned Fruits

By Distribution Channel

·         Supermarkets/Hypermarkets

·         Convenience Stores

·         Online Retail Channels

By Nature

·         Organic

·         Conventional

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By Regional Outlook

§  North America (U.S., Canada, Mexico)

§  Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)

§  Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)

§  Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)

§  Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)

§  South America (Brazil, Argentina, Rest of SA)

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Covid-19 Impact and Recovery Analysis on Industry:

The COVID-19 pandemic has caused a positive trend within the consumption of canned foods as more people preferred home cooking and retail purchases. Retail is one in every of the most points of sale for foodstuff, for which the demand has gradually increased, during the period of lockdown. The sales of canned products increased during the lockdown because of their long period of time, which appealed to consumers who were subjected to home quarantines and other impacts of lockdowns. After an intensive analysis of the business implications of the pandemic and its induced financial condition, growth within the Canned Ready Meals segment is readjusted to a revised 5.3% CAGR for the subsequent 7-year period. The market is principally driven by the rising urban population that prefers convenient and easy food, and demand for healthy food rich in functional fibers, protein, vitamins, and omega-3 fatty acids. However, despite the momentary disruption, the canned foods market is predicted to grow at a gradual rate during the forecasted period.

Report covered the major key points:

  • Explore key findings of the overall market
  • Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
  • Market forecasts for a minimum of 7years, along with 5 years of historical data for all segments, sub-segments, and regions
  • Market Segmentation caters to a thorough assessment of key segments with their market estimations
  • Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
  • Key analytics: Porter's Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
  • Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
  • Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments

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