The global canned food market size is expected to register a significant CAGR during the forecast period, 2021–2028. 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. 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 nutrients.
The COVID-19 outbreak has changed consumer demand and changed purchasing pattern. Moreover, it has led to re-routing of supply chain and interventions of government state bodies to ensure food safety.
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 |
2020 |
Historic Data |
2018–2019 |
Forecast Period |
2021–2028 |
Segmentation |
Types (Canned Fish/Seafood, Canned Meat Products, Canned Fruits, Canned Vegetables, and others) and Distribution Channels (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 |
Campbell Soup Company; Bolton Group; Conagra Brands, Inc.; The Kraft Heinz Company; and Nestlé. |
On the basis of types, 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 forecast period due to presence of lean protein. Moreover, the rising trend of ready-to-eat products is driving the growth of the market segment.
In terms of distribution channels, 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 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.
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 advantages of canned seafood such as high durability. Moreover, rising demand for ready-to-eat seafood and meals are anticipated to proliferate the market growth in the region.
Types
Distribution Channels
Regions
Key Players
The key players competing in the canned food market are Campbell Soup Company, Bolton Group, Conagra Brands, Inc., The Kraft Heinz Company, and Nestlé.
Companies are focusing on expanding their distribution channels and developing healthy products to expand their market share.
Types
Distribution Channels
Regions
Key Players
The key players competing in the canned food market are Campbell Soup Company, Bolton Group, Conagra Brands, Inc., The Kraft Heinz Company, and Nestlé.
Companies are focusing on expanding their distribution channels and developing healthy products to expand their market share.
Some other reports from this category!