Summary
Market Overview:
The global canned food market size reached US$ 96.5 Billion in 2022. Looking forward, the analyst expects the market to reach US$ 117.8 Billion by 2028, exhibiting a growth rate (CAGR) of 2.87% during 2023-2028.
Canning is a process of preserving food products, such as seafood, meats, fruits, vegetables, sweets and desserts, soups and sauces, beans, lentils, and pasta, by increasing their overall shelf life. It relies on processing food, sealing processed food into cans, and heating cans to kill harmful bacteria. It preserves nutrients of food products and prevents decomposition due to external factors like sunlight and air. At present, there is a rise in the consumption of canned food products across the globe due to the busy lifestyle of individuals.
Canned Food Market Trends:
The growing demand for canned food among consumers represents one of the key factors driving the market. Moreover, there is a rise in the number of working individuals, which is increasing the consumption of ready-to-eat (RTE) and convenient food items. This, along with the escalating demand for healthy food that is rich in proteins, functional fibers, vitamins, and omega-3 fatty acids, is propelling the growth of the market across the globe. In addition, there is a surge in the number of large retail formats, such as hypermarkets and supermarkets around the world. This, coupled with the wide availability of canned food through online stores, is offering lucrative growth opportunities to end-users and industry investors. Besides this, key market players are focusing on offering organic canned food products due to rising health concerns among people. In line with this, they are providing product variants with high quality, taste, and nutritional value, which is positively influencing the market. Additionally, the increasing demand for canned fish products among fitness-conscious individuals due to several health benefits of fish and seafood is strengthening the market growth.
Key Market Segmentation:
the analyst provides an analysis of the key trends in each sub-segment of the global canned food market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product type, type and distribution channel.
Breakup by Product Type:
Canned Meat and Seafood
Canned Fruit and Vegetables
Canned Ready Meals
Others
Breakup by Type:
Organic
Conventional
Breakup by Distribution Channel:
Supermarkets and Hypermarkets
Convenience Stores
E-commerce
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Ayam Sarl, Bonduelle, Campbell Soup Company, CHB Group, Danish Crown AmbA, Del Monte Foods Inc., JBS S.A., Nestlé S.A, Princes Foods (Mitsubishi Corporation), Thai Union Group PCL, The Bolton Group and The Kraft Heinz Company.
Key Questions Answered in This Report:
What was the size of the global canned food market in 2022?
What is the expected growth rate of the global canned food market during 2023-2028?
What has been the impact of COVID-19 on the global canned food market?
What are the key factors driving the global canned food market?
What is the breakup of the global canned food market based on the product type?
What is the breakup of the global canned food market based on the type?
What is the breakup of the global canned food market based on the distribution channel?
What are the key regions in the global canned food market?
Who are the key players/companies in the global canned food market?
