Canned Food Market

Canned Food Market was valued at USD 1,215.8 Million in 2022 and anticipated to grow at 3.9% CAGR during the forecast period and is predicted to reach USD 1,651.2 Million in 2030.

Overview of the Global Canned Food Market Report

The canned food product preserves the nutrition of the food products and eliminates the possibility of spoilage. Canning is a method of preserving food products for a longer period of time by packaging them in airtight containers. These food products act as an important component in an individual’s diet and have year-round availability. The global canned food market has various types of products such as canned meat products, canned fish products, canned fruits & vegetables, among others.

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Market Dynamic

Key Drivers and Emerging Trends

The global canned food market is witnessing an upsurge in demand over the forecast period. The increasing rate of the urban population that prefers convenient food products over home-cooked food items is a major factor that is contributing to the growth of the market. Moreover, the strong demand for healthy food products that are rich in protein, functional fibers, vitamins, and omega-3 fatty acids, is further encouraging individuals to opt for canned food products. With the hectic lifestyle of people, they are now willing to pay more for ready-to-cook meals, meat products, and seafood food products in order to savssse their time. This is another major factor that is likely to surge the growth of the canned food industry. There has been a drastic increase in the demand for canned fish and seafood products as people are becoming more aware about the numerous exceptional advantages offered by fish and fish food products.

The canned food products are increasingly used in various fast-food chains and restaurants due to their convenience of cooking and fewer chances of spoilage. These food products are free from contaminants and retain all the nutritional value of the food product such as smoothies, drinks, salads, and other food products. The leading players in the market are opting for new attractive strategies such as the introduction of new products and expansion of production capacity to serve the customer base. In 2018, Del Monte Foods Inc., one of the leading processed food manufacturing organizations, introduced a “premium and stylish” tinned Gold pineapple fruit range which specifically targeted the young consumers. Furthermore, the rising utilization of organic and clean-label products, especially in the developed countries, is encouraging individuals to opt for canned organic products. People are moving towards consuming chemical-free natural food products due to their rising knowledge about the harmful health effect of chemicals added in the food products.

Restraint in the Global Canned Food Market

The increasing concerns related to the environmental pollutions caused by the disposal of canned food products is likely to hamper the canned food market growth during the forecast period. The canned food products are manufactured from tin and aluminium cans which have non-biodegradable nature. These cans, when exposed to any abiotic or biotic factors, release harmful gases and toxic materials.

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Type – Segment Analysis

Based on the type, the canned fish/seafood segment is predicted to dominate the market during the forecast period. The increasing awareness related to the numerous nutritional benefits of fish and seafood is a significant factor that is contributing to the growth of the segment. As per the Food and Agriculture Organization of the United Nations, Asia-pacific is the largest exporter and importer of seafood in the world. Individuals in Asian countries such as India and China now prefer to eat canned seafood rather than frozen seafood. For instance, pasteurized crab meat is one of the prominent canned seafood products that is largely sold in Asian countries.

Distribution Channel – Segment Analysis

Based on the distribution channel, the supermarket/hypermarket segment is projected to grow at a higher CAGR during the forecast period. This is mainly due to the availability of a wide range of products under one roof. Moreover, these stores provides better purchasing experience as they have different brands of canned food product within various price range. Furthermore, the presence of distinct aisles, various bundling schemes, and convenience offered by the mass merchandisers is further driving the segment growth. On the other hand, the online segment is anticipated to dominate the market during the forecast period. Consumers are moving towards online shopping as they prefer the products to be delivered to them at their doorsteps. Moreover, the various online platforms provide digitalized purchasing platform along with the availability of various products at the discounted price range.

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Regional – Segment Analysis

Based on the region, North America region is expected to dominate the global canned food market during the forecast period. The presence of a large consumer base and the high rate of the working population are the two major factors that are boosting the growth of the regional market. Additionally, the enhancement in the supply chain infrastructure and the growing popularity of convenience food products are further contributing to the market’s growth. The numerous giants, particularly in the United States, Canada, and Mexico, are heavily investing in the market, which is further boosting the growth. On the other hand, the Europe region is projected to grow at a higher CAGR during the forecast period. The strong demand for canned food products, especially among the millennial population is one of the biggest factor that is responsible for the market growth. Furthermore, the increasing cross-culture food trends in this region is further opening new doors for the growth of the market.

Top Market Players

Various notable players operating in the market include The Kraft Heinz Company, Bolton Group, CSC Brands, L.P., Conagra Brands, Inc., NESTLE, Danish Crown Amba, Del Monte Foods, Inc., JBS, Holyland Marketing Private Limited, AYAM, among others. 

Segments Covered in the Report:

The global Canned Food market has been segmented based on type, distribution channel, and regions. Based on type, the market is segmented into canned meat products, canned fish/seafood, canned vegetables, canned fruits, and others. Based on distribution channel, the market is segmented into supermarket/hypermarket, convenience stores, online retail channels, and others. 

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Key questions answered in this research report:

• • At what pace is global canned food market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in global canned food market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global canned food market?
  • Which type generated maximum revenues in 2019 and identify the most promising type during the forecast period?
  • What are the various distribution channel areas of global canned food market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Canned Food Market by Type

• • Canned Meat Products
  • Canned Fish/ Seafood
  • Canned Vegetables
  • Canned Fruits
  • Others

Global Canned Food Market by Distribution Channel

• • Supermarket/Hypermarket
  • Convenience Stores
  • Online Retail Sales
  • Others

Global Canned Food Market by Region

• • North America Canned Food Market (Option 1: As a part of the free 25% customization)

    • By Type
    • By Distribution Channel
    • US Market All-Up
    • Canada Market All-Up

  • Europe Canned Food Market (Option 2: As a part of the free 25% customization)

    • By Type
    • By Distribution Channel
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up

  • Asia-Pacific Canned Food Market (Option 3: As a part of the free 25% customization)

    • By Type
    • By Distribution Channel
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up

  • RoW Canned Food Market (Option 4: As a part of the free 25% customization)

    • By Type
    • By Distribution Channel
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the Global Canned Food (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • The Kraft Heinz Company
  • Bolton Group
  • CSC Brands, L.P.
  • Conagra Brands, Inc.
  • NESTLE
  • Danish Crown Amba
  • Del Monte Foods, Inc.
  • JBS
  • Holyland Marketing Private Limited