What is the Market Size of Canned Food Market ? :
IMARC Group’s latest report, titled “Canned Food Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, the global canned food market size reached US$ 96.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 117.8 Billion by 2028, exhibiting a growth rate (CAGR) of 2.87% during 2023-2028.
Canned Food Uses:
Canned food is food that has been processed and packaged in airtight containers. This process involves sealing food in a container and heating it to high temperatures, which kills bacteria and prevents spoilage. Canning has been used as a method of food preservation for many years and is still widely used today. Canned food is a convenient and cost-effective option for storing and consuming food, as it has a long shelf life and can be stored for extended periods without refrigeration. It is available in a wide range of options, including fruits, vegetables, soups, meats, and seafood. While some canned foods may contain preservatives or additives, many options are available with simple, natural ingredients.
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Canned Food Market Demand and Trends:
The global market is primarily driven by the increasing demand for ready-to-eat food. In line with this, the rising popularity of online grocery shopping is significantly contributing to product sales worldwide. Furthermore, the convenience and long shelf life of canned products are positively influencing the market. Apart from this, the growing consumption of several packaged food items and beverages that are convenient to consume is catalyzing the market. Due to the fast-paced lifestyle and escalating working population, the consumption of convenience food products has accelerated. This directly favors market growth. Besides, the shifting consumer inclination towards organic and clean-label foods is strengthening the market. Additionally, the inflating disposable incomes of consumers and the increasing consumer awareness regarding hygienic food products are providing a boost to the market.
Competitive Landscape with Key Players:
- 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
- The Kraft Heinz Company
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Key Market Segmentation:
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, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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