Market Snapshot:
The method in which food is packaged in the can to provide a shelf life of ranging from one to five years, while it can be a long life too is term as canned food. This packaging is mostly done in metal cans. The contents of the food are processed and sealed into an airtight container. Canned food products have been accepted worldwide as they have short cooking time, long shelf life, and easy storage. The demand for sealed and tamper-proof steel container food is increasing, as they protect food from harmful bacteria
Highlights from Canned Food Market Study
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Largest Market | United States |
Forecast Value (2030) | USD 118000.0 Million |
Unit | Value (USD Million) |
CAGR | 6.6% |
The key Vendors profiled in the report are Bolton Group (Italy), ConAgra Foods (United States), Del Monte (United States), Kraft Heinz (United States), General Mills (United States), Hormel Foods (United States), Atria Group (Finland), Ayam (Singapore), Bonduelle (France), Campbell Soup (United States) and Nestlé (Switzerland). Additionally, other players that are part of this comprehensive study are Danish Crown (Denmark), Dole Food (United States), Grupo Calvo (Spain), JBS (Brazil), Pinnacle Foods (United States), Princes Group (United Kingdom), Shanghai Maling Aquarius (China) and Zanlakol (Israel).
Geographic Breakdown and Segment Analysis
The Global Canned Food market presents a comprehensive analysis of the Canned Food market by product type (Canned Fish and Seafood, Canned Vegetables, Canned Meat Products, Canned Fruits, Canned Ready Meals and Others), by end-user/application (Military and defense, School and colleges, Personal consumption and Others), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. This section of our report presents a realistic picture of the Global Canned Food industry. Investors and Vendors can easily understand the inherent opportunities and challenges for their products in geographical region of interest. For instance, while the United States holds majority of market share of the Canned Food market, the Europe has emerged as a crucial market for several Canned Food brands.
Analyst at AMA have segmented the market study of Global Canned Food market by Type, Application and Region.
Influencing Trend:
Cheap alternatives to chilled and frozen food, Technological innovation in food packaging, Increase in the demand for sealed and tamper-proof steel container food, Growing focus on social media marketing and promotions and Growing demand for canned food for adventure activities
Market Growth Drivers:
long shelf-life and low prices attract customers, canned food addresses the problem of the convenience of getting food anywhere and Convenience of use as well as its relatively long shelf life compared to fresh food
Challenges:
Continuous changes in consumers’ tastes & preferences, Seasonal demand for various food products, Competition from another packaging technology and Adverse impact on health
Restraints:
Suffers from a poor consumer perception of its healthiness and taste quality, Stringent regulations by food associations, The high cost of metals, Introduction of polyethylene terephthalate, and high-density polyethylene materials and Canned foods are subject to the risk of BPA, which is hazardous to health
Opportunities:
Change in lifestyle expanding the market, Rapidly growing demand for branded food-products in domestic markets, Global expansion and Demand for high-protein foods
Market Developments Activities:
Del Monte, one of the nation’s largest producers, distributors, and marketers of premium quality, branded food products, announced plans for conversion to non-BPA packaging and an increase in the non-GMO product offerings, Bolton Group buys the stake in Tri Marine and Bolton snaps up a majority stake in Spain’s Garavilla
Key Target Audience
Manufacturer, Sub component manufacturer, Channel partners, Industry association, Downstream vendors, Government and investment communities and Research organisation and associations