Canned Food Market

Canned Food Market

Segments - by Types (Canned Fish/Seafood, Canned Meat Products, Canned Fruits, Canned Vegetables, and Others), Distribution Channels (Convenience Stores, Online Retail channels, Supermarkets/Hypermarkets, and Others), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

  • Report ID: FB-2488
  • Author: Growth Market Reports
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The global canned food market size was valued at USD 94.61 Billion in 2022 and is expected to reach USD 106.27 Billion by 2031, expanding at a CAGR of around 1.30% during the forecast period, 2023 – 2031. The growth of the market is attributed to the increasing preference for convenient food products.

Canned food is food which is preserved for long period by packing them in airtight containers. Three steps that are involved in production of canned food are processing, sealing, and heating. In processing, food is sliced, peeled, chopped, boned, pitted, and cooked.

Canned Food Market Outlook

In sealing, the processed food is sealed in airtight cans. In heating process, cans are heated to prevent spoilage and kill harmful bacteria. Generally vegetables, fruits, beans, meats, soups, and seafood get canned. Canning food reserves most of the nutrients.

The COVID-19 outbreak has changed consumer demand and changed purchasing patterns. Moreover, it has led to the re-routing of the supply chain and interventions of government state bodies to ensure food safety.

Canned Food Market Dynamics

Major Drivers

Increasing awareness about the negative impacts of plastic packaging and the growing recycling rate worldwide and demand for feasible solutions are estimated to propel the market growth. The rising urban population and demand for healthy foods that are rich in vitamins, proteins, functional fibers, and omega-3 fatty acids are anticipated to spur the growth of the market. Growing awareness about benefits of canned food such as preservation of protein and vitamin content, contributes to the growth of the market.

Existing Restraints

Usage of high amount of preservatives can cause severe health issues, restraining the market growth. Progressive change in behavior of the customer require continuous innovation to attract the customer can create the challenges for market growth.

Emerging Opportunities

Canned food provides good health and wellness and is cost-effective which is expected to create lucrative opportunities for the market players. Canned food offers health benefits which makes it a convenient food option moreover, it focuses on providing less expensive food options. It also provides recyclable packaging options, some key players are focusing on sustainable food packaging to reduce the risk of environmental thus creates opportunities in the forecast period.

Scope of Canned Food Market Report

The report on the global canned food market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Canned Food Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2022

Historic Data

2016–2021

Forecast Period

2023–2031

Segmentation

Product Type (Canned Fish/Seafood, Canned Meat Products, Canned Fruits, Canned Vegetables, and others), Processing Type (Organic and Conventional), and Distribution Channel (Convenience Stores, Online retail channels, Supermarket/Hypermarket, and Others)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Universal Canning Incorporated.; CAMPBELL SOUP COMPANY.; Bolton Group; Conagra Brands, Inc.; The Kraft Heinz Company.; Nestlé; Princes Foods.; chb.gr.; Del Monte Foods, Inc; JBS S.A.; Danish Crown; Ayam Sarl.; Bonduelle; Thai Union Group PCL.; StarKist Co.; Bumble Bee Foods, LLC.; and Connors Bros.

Canned Food Market Segment Insights

Product Type Segment Analysis

On the basis of product type, the market is classified as canned fish/seafood, canned meat products, canned fruits, canned vegetables, and others. The canned fish/seafood segment is anticipated to grow at a rapid pace during the forecast period due to the presence of lean protein. Moreover, the rising trend of ready-to-eat products is driving the growth of the market segment.

Processing Type Segment Analysis

Based on processing type the market is bifurcated into organic and conventional. The organic canned food segment is expected to expand with a significant growth rate during the forecast period. Organic canned food is free from preservatives and chemicals and made with completely fresh ingredients. These are preserved without any color or synthetic preservatives including baby corn, meat, coconut milk, and others. Organic canned food is better for human health than non-organic canned food which is expected to drive the segment growth.

Canned Food Market Types

Distribution Channel Segment Analysis

In terms of distribution channel, the global canned food market is segregated into convenience stores, online retail channels, supermarket/hypermarket, and others. The supermarkets/hypermarkets segment is projected to expand at a considerable CAGR during the forecast period. Supermarkets and hypermarkets shopping offer convenience owing to the presence of well-organized brands and assistance in buying. The governments worldwide are pushing the processing and production of seafood, to empower the coastal community and raise their living, stimulating the market segment growth.

Regional Analysis

Based on regions, the market is segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is expected to constitute a key share of the market during the forecast period due to the advantages of canned seafood such as high durability. Moreover, rising demand for ready-to-eat seafood and meals is anticipated to proliferate the market growth in the region.

Canned Food Market Region

Segments

 Product Type

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

Processing Type

  • Organic
  • Conventional

Distribution Channel

  • Convenience Stores
  • Online Retail Channels
  • Supermarkets/Hypermarkets
  • Others

Region

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • Universal Canning Incorporated.
  • CAMPBELL SOUP COMPANY.
  • Bolton Group
  • Conagra Brands, Inc.
  • The Kraft Heinz Company.
  • Nestlé
  • Princes Foods.
  • chb.gr.
  • Del Monte Foods, Inc
  • JBS S.A.
  • Danish Crown
  • Ayam Sarl.
  • Bonduelle
  • Thai Union Group PCL.
  • StarKist Co.
  • Bumble Bee Foods, LLC.
  • Connors Bros.

Competitive Landscape

The key players competing in the canned food market are Universal Canning Incorporated.; CAMPBELL SOUP COMPANY.; Bolton Group; Conagra Brands, Inc.; The Kraft Heinz Company.; Nestlé; Princes Foods.; chb.gr.; Del Monte Foods, Inc; JBS S.A.; Danish Crown; Ayam Sarl.; Bonduelle; Thai Union Group PCL.; StarKist Co.; Bumble Bee Foods, LLC.; and Connors Bros.

Companies are focusing on expanding their distribution channels and developing healthy products to expand their market share.

  • In April 2022, The Kraft Heinz Company, the owner of the Heinz and Quero brands in Brazil, announced the acquisition of a majority stake in Companhia Hemmer Indústria e Comércio, a Brazilian food company focused on condiments and sauces after the deal was approved without restriction by CADE (Brazil’s Administrative Council for Economic Defense), Brazil’s antitrust body. The acquisition focuses on enhancing the growth of both companies. Hemmer will get the advantage from Kraft Heinz's distribution network including its growing food service channel.

Canned Food Market Key Players

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Canned Food Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Canned Food Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Canned Food Market - Supply Chain
  4.5. Global Canned Food Market Forecast
     4.5.1. Canned Food Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Canned Food Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Canned Food Market Absolute $ Opportunity
5. Global Canned Food Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Canned Food Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Canned Food Demand Share Forecast, 2019-2026
6. North America Canned Food Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Canned Food Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Canned Food Demand Share Forecast, 2019-2026
7. Latin America Canned Food Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Canned Food Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Canned Food Demand Share Forecast, 2019-2026
8. Europe Canned Food Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Canned Food Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Canned Food Demand Share Forecast, 2019-2026
9. Asia Pacific Canned Food Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Canned Food Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Canned Food Demand Share Forecast, 2019-2026
10. Middle East & Africa Canned Food Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Canned Food Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Canned Food Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Canned Food Market: Market Share Analysis
  11.2. Canned Food Distributors and Customers
  11.3. Canned Food Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)

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