Industry Background:
Canning is a preservation method that involves placing foods in jar or containers and heating them to a temperature that destroys micro-organisms that cause food to spoil. Canning provides a shelf life typically ranging from one to five years, although under specific circumstances it can be much longer. Canning preserves most of the nutrients in foods such as proteins, carbohydrates, and fats, vitamins A, C, D, and B2.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | Hormel Foods Corporation (United States), Bolton Group (Italy), Survival Cave Food, Mundella Foods (Australia), Xiamen Gulong Food (China) and Meat Maniac (United States) |
According to AMA, the market for Canned Meat is expected to register a CAGR of 20.3% during the forecast period to 2030. This growth is primarily driven by Increase in Shelf Life of Food by Stopping the Natural Process of Deterioration and Growing Trend of Organic Canned Fruits and Vegetables.
Globally, a noticeable market trend is evident Innovations in Packaging owing to Demand for Chemical-Free Canned Foods
The Food Products sector in the North America 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 Hormel Foods Corporation (United States), Bolton Group (Italy), Survival Cave Food, Mundella Foods (Australia), Xiamen Gulong Food (China) and Meat Maniac (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. The global market for canned meat is competitive, owing to the presence of large regional and domestic players in different countries. Emphasis is given on the merger, expansion, acquisition, and partnership of the companies along with new product development as strategic approaches adopted by the leading companies to boost their brand presence among consumers.
Key Developments in the Market:
In September 2021, USA, Manitowoc, WI. Lakeside Foods, Inc., a leading frozen and canned foods manufacturer, is purchasing Cher-Make Sausage Co., a 93-year-old authentic sausage maker that produces quality summer sausage, hot dogs, ring bologna and bratwurst at its Manitowoc-based plant. The deal is set to close on Monday.
In August 2022, OTS Holdings recently announced its plans to enter the global market with its plant-based protein products. One of Singapore’s biggest manufacturers of chilled, frozen, dried, and canned meat products, the food giant’s plant-based ANEW brand makes its debut with a new plant-based SPAM-style canned vegan meat.
Regulatory Insights:
Canning regulations have been established the world over to protect public health. The target organism for these HACCP-based regulations (hazard analysis, critical control points) is C. botulinum. Also, only two methods are approved by the United States Department of Agriculture (USDA) that are water-bath canning and pressure canning.
Influencing Trend:
Innovations in Packaging owing to Demand for Chemical-Free Canned Foods and Increasing Demand for Canned Seafood
Market Growth Drivers:
Increase in Shelf Life of Food by Stopping the Natural Process of Deterioration and Growing Trend of Organic Canned Fruits and Vegetables
Challenges:
Government Regulations related to Canned Preserved Foods Packaging and High Investment in Research and Development
Restraints:
Rising Awareness among Consumers about the Benefits of Fresh Food
Opportunities:
Increasing awareness of the ills of plastic packaging and the demand for a sustainable solution and increasing recycling rates globally and The rising urban population that prefers easy and convenient food, and demand for healthy food rich in protein, functional fibers, vitamins, and omega-3 fatty acids.
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 mostly 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 growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
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 in Canned Meat Market
- Analysis about New Entrants in Canned Meat Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Canned Meat Study Sheds Light on
The Canned Meat Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Canned Meat industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Canned Meat 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.