Global Canned Food Market size worth US$91.394 billion by 2026
The prime factor driving the growth of the canned food market increasing complex lifestyle and the growing hectic work culture, that gives less time for consumers to prepare food, who in turn, consume canned food for faster food preparation and time-saving.
As per the report, the market about Canned Food Market is expected to grow at a steady pace.
Canned Food is pre-paired or semi-prepared food products meant for direct consumption by consumers to save time in food preparation. With increasing complexities in lifestyle, work culture today is more hectic and demands more time. Moreover, the rise in the working population has significantly increased the demand since the population is increasingly adapting packed and canned food products. Canned food saves significant time for the working population as it removes the need for chopping, peeling, cleaning, and others. the content of the can could be directly consumed or put in a pan/ microwave for cooking. Growing disposable income enables the working class to pay for canned food products.
The market employs airtight aluminum cans that do not allow interference of atmospheric particles with the content of the can. Further, aluminum does not react with the content, giving it safer packaging and longer shelf life. However, raw material availability and requirement for special machinery hinders production and hence has the potential to constrain the market during the forecasted period.
Based on product type, the canned food market offers canned meat, canned fish and seafood, canned fruits and vegetables, canned beans and legumes, and others. Canned meat, fish, and seafood are anticipated to hold a considerable share of the market owing to shifting dietary trends and the surging consumption of protein-based food products. Canned beans and legumes are projected to grow at a notable rate during the forecasted period.
Based on distribution channels, canned food is available at supermarkets and hypermarkets, convenience stores, online retail channels, and others. Supermarkets and hypermarkets are expected to hold a large share of the canned food industry sales. However, rising internet penetration coupled with the growing demand for e-commerce services is expected to provide robust growth opportunities for the online retail channel. The coronavirus pandemic favored sales of canned food, especially through online channels, driving in significant market scope.
Based on geography segmentation, the market of canned food is segmented into North America, South America, Europe, the Middle East and Africa, and Asia Pacific regions. The North American region is expected to outstand the market while the Asia Pacific region is expected to project exponential growth prospects.
As a part of the report, the major players operating in the canned food market, that have been covered are B&G Food Inc., Bush Brothers & Company, Campell Bell Soup Company, Del Monte Food Inc., Dole Packaged Foods LLC, StarKist Co., Bumble Bee Foods LLC, Eden Foods, General Mills, and Hormel Foods LLC.
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This analytics report segments the canned food market on the following basis
- By Product Type
- Canned Meat
- Canned Fish/Seafood
- Canned vegetables and Fruits
- Canned Beans and legumes
- Others
- By Distribution Channels
- Supermarket/ Hypermarket
- Convenience Store
- Online retail channels
- Others
- By Geography
- North America
- USA
- Canada
- Mexico
- South America
- Brazil
- Argentina
- Others
- Europe
- Germany
- France
- United Kingdom
- Spain
- Others
- The Middle East and Africa
- Saudi Arabia
- South Africa
- Others
- Asia Pacific
- China
- India
- Japan
- South Korea
- Thailand
- Taiwan
- Indonesia
- Others
- North America
