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).
The manufacture, distribution, and consumption of food products that have been preserved and packed in airtight cans are all included in the canned food market. In order to preserve food quality and increase shelf life, canned goods are treated using a variety of methods, including vacuum sealing, canning, and pasteurization. Products including fruits, vegetables, meats, seafood, soups, and ready-to-eat meals are among the many varieties they offer. Standards for food safety, the contents of packaging, flavor, convenience, and nutrition are important factors in the market. Consumer lifestyles, urbanization, improvements in food preservation technologies, supply chain logistics, and prevailing economic conditions are some of the elements that impact market dynamics. Customers looking for easy-to-store food solutions for home consumption, disaster preparedness, and international food aid programs can find what they need at the Canned Food Market.
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Top Key Players Covered In Canned Food Market
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.
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Drivers:
Growing Demand for Packaged and Processed Foods by Working Population
The increasing number of working women has led to a greater reliance on readily available ready meals and convenience foods among customers. The market for canned food is growing as a result of the sharp increase in demand for packaged and processed foods that are nutrient-dense and stable for long shelf lives. Additionally, the demand for canned food goods is mitigated by the quick increase of huge retail platforms around the world, such as supermarkets, hypermarkets, and e-commerce channels. Additionally, compared to fresh products, some canned food items have higher vitamin and mineral contents, which drives up demand for processed meals.
Segmentation Analysis of The Canned Food Market
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
Restraints:
Dependence on The Raw Material and Region-Specific Ban
Because of these distinctive qualities, the canned food business is steadily rising to new heights on the international scene. However, the reliance on raw materials for packaging, regional bans, and different restrictions on the consumption of canned food in different regions are impeding the canned food market's growth. For example, consumers' increasing consciousness of fitness and health is causing them to seek more fresh food, which is hurting the canned food industry.
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Opportunity:
Rising Environmental- Friendly Packaging Solutions
Customers are calling for recyclable and sustainable alternatives as they become more aware of the effects plastic packaging has on the environment. The canned food industry has been driven by consumer concerns being addressed by the product, which keeps the market for canned food growing. To be competitive in the market, manufacturers are concentrating on providing a wide variety of canned food products that are also of excellent quality, flavor, and nutritional content. As a result, growing worldwide recycling rates, growing demand for sustainable solutions, and more awareness of plastic packaging have all contributed to the market's growth and opportunity.
By Region
- North America (US, Canada, Mexico)
- Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
- Western Europe (Germany, UK, 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, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
- South America (Brazil, Argentina, Rest of SA)
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