Industry Background:
Canned pears define the canned product ready from properly prepared, mature pears, as such product is purported to be in the standards of identity for canned pears. Canned foods frequently provide high required nutrients at a lower cost as compare to any other form of processed food. There is a growing demand for the manufacturers are providing a range of ready to eat food with Indian style, surrounding everything from traditional Indian meals to exotic dishes. Within the ready to eat segment non frozen ready meals remained the largest category in value terms in 2018 and posted the fastest growth in current value sales. With the rising number of processing units across India, is becoming one of the major driving factors for ready to east market India. In India, the gross value of plant and machinery deployed in the food processing sector is expected to reach USD ~51.19 billion by the FY 2024-25. This growth is accredited to factors including the rising requirement for ready to eat food and the highly busy lifestyles of consumers.
According to AMA Research, the market for Canned Pears is expected to register a CAGR of 20.3% during the forecast period to 2030. This growth is primarily driven by Growing Awareness Regarding the Consumption of Fruits and its Benefits
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Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Volume Unit | N |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Food Products sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as ConAgra Foods (United States), Dole Food Company (United States), H.J. Heinz (United States), Seneca Foods (United States), Del Monte Foods Inc. (United States), Kronos (Greece), Acroyali (China), CHB Group (Greece), The Global Green Co. (India) and Welch's Food Inc. (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In June , 2018 Conagra Brands, Inc. and Pinnacle Foods Inc. announced that their boards of directors have unanimously approved a definitive agreement under which Conagra Brands will acquire all outstanding shares of Pinnacle Foods in a cash and stock transaction valued at approximately USD10.9 billion, including Pinnacle Foods' outstanding net debt. Under the terms of the transaction, Pinnacle Foods shareholders will receive USD43.11 per share in cash and 0.6494 shares of Conagra Brands common stock for each share of Pinnacle Foods held
In January 2023, Conagra Brands, Inc. is debuting a collection of treats, breakfast mixes, and flavored seeds this month across brands such as Snack Pack, Duncan Hines, Mrs. Butterworth's, and DAVID Seeds.The global canned pears market is strongly competitive and having of few major players. In terms of vendors share, some of the major players are leading in the global market. These market players are highly on strategic initiatives to enhance their market share and improve their profitability.
Influencing Trend:
High Investment Cold Chain Infrastructure by Players to Build Infrastructure in Retail Stores and Strengthening the Indian Food Regulatory Ecosystem
Market Growth Drivers:
Growing Awareness Regarding the Consumption of Fruits and its Benefits, The rise in Penetration of Organized B&M Formats Such as Hypermarket, Supermarket and Other Convenience Stores in Metro and Tier 1 Cities and The Emergence of E-Commerce, the Food Retail Segment
Challenges:
The Entry of Many Local Players in the Market with Inexpensive Canned Fruit Products and Imperfect Storage Infrastructure for The Frozen Canned Food in Local Retail Stores
Restraints:
Regulatory Standards Regarding Canned Fruits
Opportunities:
Introduction of Varieties in Canned Fruits and Increasing Availability of Canned Fruits in Online Platform
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Canned Pears Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Canned Pears Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Canned Pears players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Canned Pears Study Sheds Light on
The Canned Pears Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Canned Pears industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Canned Pears industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.