Canned Food Market 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 2021 – 2028

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.

Market Trends, Drivers, Restraints, and Opportunities

• 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.
• Increasing awareness about negative impacts of plastic packaging and growing recycling rate worldwide and demand of feasible solution are estimated to propel the market growth.
• 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.
• Growing awareness about benefits of canned food such as preservation of protein and vitamin content, contributes to the growth of the market.
• The COVID-19 pandemic has encouraged to eat healthy products, which in turn, has increased demand for healthy canned products. Thus, such factors can create lucrative opportunities during the forecast period.

Scope of the 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.

Canned Food Market Segment Insights

Canned Fish/Seafood segment to account a significant market share

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.

Supermarkets/hypermarkets segment to hold a major market share

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.

The market of Asia Pacific is anticipated to exhibit a high CAGR

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.

Segments

Segments Covered in the Report

Types

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

Distribution Channels

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

Regions

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

Key Players

• Campbell Soup Company
• Bolton Group
• Conagra Brands, Inc.
• The Kraft Heinz Company
• Nestlé.

Competitive Landscape

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.