New York, May 27, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Canned Food Market: Segmentation by Category: By Product Variant: By Marketing Method and Region – Global Analysis of Market Size, Share and Trend for 2019 -2020 and forecasts up to 2030” – https://www.reportlinker.com/p06191989/?utm_source=GNW
Canned foods are often considered less healthy than extra or frozen foods. Some people argue that foods stored for a long time lose their quality and contain harmful ingredients. While others say canned food is part of a healthy diet. Canning is the process of preserving foods for a long time by packing them in airtight containers. First, canning was industrialized in the late 18th century as a means of providing a stable source of food for defense forces and sailors in war. Canned food owes a long shelf life to the separation of sterilized products from the open environment, as this prevents contamination by microorganisms. Canned food with high quality closures provide long shelf life, while low quality closures result in products with a short shelf life.
The canned food market is expected to project a significant CAGR of 2.75% in 2030.
The growing number of working women, the higher costs of hiring local help are macro factors, and the need for a convenient kitchen is expected to drive demand for global canning in the coming years. In addition, different brands of canned foods are making different efforts for the changing consumer habits, and the lateral introduction of valuable and affordable canned foods will further boost the market demand for canned food worldwide in the coming years.
Latest news and events
Nestlé has invested US$220 million to build a beverage plant in Indonesia. The plant will create about 200 new jobs in Central Java province and will produce Bear Brand liquid milk and ready-to-drink beverages. This will contribute to the further development of the regional market.
PROCESS EXPO displays all factors of food, beverage and packaging production, bringing together all industries. The latest technologies and equipment represent the pinnacle of food technology, bringing together the world’s most efficient packaging professionals, equipment manufacturers and leaders in academia.
Canned food market: segments
The traditional segment will grow at the highest CAGR in 2020-30.
The canned food market is segmented into conventional and organic categories. It is believed that the traditional segment has the largest market share. Although the organic segment is also expected to gain significant growth rates due to increased consumer propensity for organic food. Lack of knowledge and awareness of the ominous health effects of synthetic chemicals among consumers tend to recognize the need for decent food consumption. This is likely to lead to a significant increase in organic canned food options on the market.
The online sales segment will grow at the highest CAGR in 2020-30.
The canned food market is segmented by marketing mode into convenience store, supermarket, online sales and offline. The online sales segment has received a major share of revenue thanks to growing awareness and increasing social distancing around the world. The digital purchasing policy offered by the online store and numerous products at promotional prices has reassured consumers. Busy schedules and high penetration rates for a comfortable lifestyle have led to active participation in purchasing canned food through online sales. This is likely to lead to the highest growth rate of the e-commerce segment during the forecast period.
Population growth around the world
The cumulative thousand-year population worldwide is expected to be the main driver that will drive the global canning market in the near future. According to UNICEF, by 2050, the underdeveloped population of Africa, i.e. the age group from 0 to 24 years old, will increase by about 50%. Africa is predicted to have the largest number of young people. Here, young people are critical to the growth of the canning market in the region. In addition, the expansion of the participation of world market players in the country with the introduction of new products, services and investments also contributes to the development of the canned food market in the coming years.
High demand for protein-rich foods
The high demand for healthy foods rich in protein, effective fibre, vitamins and omega-3 fatty acids is further encouraging people to opt for canned foods. Due to the hectic lifestyle, people are now willing to pay more for convenience foods, meat products and seafood products in order to accumulate their time, which is another important reason for the rapid development of the canning industry. Soaring demand for canned fish and seafood products as people become more aware of the many exceptional benefits offered by fish and fish products.
Emerging Issues Concerning Environmental Pollution
Canned food is packaged with non-biodegradable materials such as aluminum and cans, which are not sustainable and cause a number of environmental disruptions and hazards. Rising health concerns are hindering the growth of the global canned food market. In addition, strict government regulations associated with the use of tins and aluminum cans due to their short and long term health side effects are a major factor hindering the growth of the canned food market.
The Impact of COVID-19 on the Canned Food Market
With the current outbreak of COVID-19, packaging manufacturers are facing supply chain turmoil as well as production cuts near the site in several parts of the world. To ensure the smooth flow of the supply chain, the Global Food Safety Initiative (GFSI) certification programs provide a six-month certification renewal through remote auditing and taxation of COVID-19 risks. To their advantage, companies can maintain a new supplier location without checking on site to meet demand.
Canned Food Market: Key Players
Company Overview, Business Strategy, Key Product Offerings, Financials, Key Performance Indicators, Risk Analysis, Recent Developments, Regional Presence, SWOT Analysis
Kraft Heinz Co.
Campbell Soup Company
Conagra Brands, Inc.
Danish Crown Amba
Del Monte Foods, Inc.
JBS USA Holdings Inc.
Holyland Marketing Private Limited
Other notable players
Canned Food Market: Regions
The canned food market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, Asia Pacific, Middle East and Africa. The Asia-Pacific region leads the global canned food market. The largest market share is associated with various patterns of consumer purchases of more packaged products in emerging economies such as India and China. In addition, easy access to a large amount of raw materials and a competitive labor force is a major factor contributing to the development of the regional market. In addition, low food prices and a high trend towards long shelf life are fueling the canning market in the economy.
Europe aims to become the second largest canned food market in the world. The regional market is largely dependent on changing consumer preferences and the lack of fresh produce during the punitive winter. In addition, the United States makes the main contribution to the expansion of the regional market, influencing production volumes.
The canned food market is further segmented by region into:
North America Market Size, Share, Trends, Opportunities, YoY Growth, CAGR – US & Canada
Latin America Market Size, Share, Trends, Opportunities, YoY Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
European Market Size, Share, Trends, Opportunities, YoY Growth, CAGR – UK, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, Nordics, Russia, Turkey and Rest of Europe
Asia Pacific Market Size, Share, Trends, Opportunities, YoY Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of Asia Pacific.
Middle East & Africa Market Size, Share, Trends, Opportunities, YoY Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA
The Canned Food Market Report also contains an analysis of:
By product options
Canned fruits and vegetables
Canned meat and seafood
Ready meals in cans
Canned cooking sauces
in a marketing way
Small shop open late
Canned Food Market Dynamics
Canned food market size
Competition and companies participating in the market
Market value chain
Market Drivers and Constraints
Scope and Segmentation of Canned Food Market Report
Report Attribute Details
Market size in 2020 USD 93.97 billion
2030 revenue forecast $123.25 billion
Growth rate CAGR 2.75% from 2021 to 2030
Base year for assessment 2020
Quantity Units Revenue in US$ million and CAGR 2021 to 2030
Report Scope Revenue Forecast, Company Ranking, Competitive Landscape, Growth Drivers and Trends
Segments covered Category, product variants, marketing method and region
Regional coverage North America; Europe; Asian-Pacific area; Latin America; Middle East and Africa (MEA)
Key companies represented by Ayam Brand, The Kraft Heinz Company, Campbell Soup Company, Conagra Brands, Inc, Nestlé, Danish Crown Amba, Del Monte Foods, Inc, JBS USA Holdings, Inc., Holyland Marketing Private Limited
Frequently asked Questions
Q1. How big is the canned food market?
Q2.Which segment is projected to gain market share in the future?
Q3. Which regional market is dominant in the canned food market?
Q4. What are the factors driving the canned food market?
Read the full report: https://www.reportlinker.com/p06191989/?utm_source=GNW.
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you can get all the market research you need – instantly and in one place.