Global Canned Food Market Outlook, 2026


Dublin, 17 Dec. 2021 (GLOBE NEWSWIRE) — The report “Canned Food Market – Growth, Trends, Impact of COVID-19, and Forecast (2021-2026)” has been added to from ResearchAndMarkets.com offer.

The global canned food market is growing at a CAGR of 3.86% during the forecast period (2021-2026).

The market is mainly driven by the growing urban population that prefers easy and convenient foods, and the demand for healthy foods rich in protein, functional fiber, vitamins and omega-3 fatty acids. Consumers who are willing to spend a little more for products with such properties, coupled with the demand for small, easy-to-cook meats and seafood and organic canned fruits and vegetables, are thus driving market sales. Additionally, growing awareness of the ills of plastic packaging and the demand for a sustainable solution and increasing recycling rates globally have further boosted the market.

However, few of the market restraining factors include market dependence on raw materials for packaging purposes or region-specific prohibitions or limitations. For example, shortage and rising commodity prices in Indonesia and Thailand in 2017 led to lower exports to North American, European and Asian markets, which strongly affected the market. In addition, growing consumer awareness of the benefits of fresh foods has led to increased demand for alternative packaging or techniques. For example, import demand for higher-value “pocketed tuna” increased by 19% in 2017 in the United States, according to the FAO.

Main market trends

Increase in demand for canned fish and seafood

The demand for canned fish and seafood has been growing steadily due to consumers’ awareness of the nutritional benefits of fish and seafood, the convenience of consumption it offers and the long shelf life. that he owns. According to the Food and Agriculture Organization of the United Nations, in 2017, Asia-Pacific is the largest exporter as well as the largest importer of seafood in the world. Although the consumption of canned seafood is considerably low in the region, as most of the Asia-Pacific regional population prefers to eat fresh seafood, compared to frozen seafood, the demand for seafood Canned seafood comes mainly from seafood which is not available locally. For example, pasteurized crab meat is one of the main canned seafood products sold in Asia-Pacific countries after canned fish, such as tuna.

Asia-Pacific is the fastest growing region

Asia-Pacific is the fastest growing region in the global canned food market, especially meat, fish/seafood and canned fruits. Countries like Japan, Korea and China import large quantities of canned crabmeat. According to recent FAO estimates, China and Korea were the largest importers of crabmeat, after the United States, in 2017. In fact, Japan alone imported 40% of crab from Newfoundland , in Canada (one of the largest producers and exporters of crab meat). crabmeat in the world) in 2017. Also, in countries like India, food manufacturers tend to produce the most popular local foods, such as dal, poha, upma, etc. ., in ready-to-eat cans. Since 2017, a large number of local vegetarian food products, such as sterilized pav bhaji, curry parata and dal are now available in ready-to-eat boxes, which are certified by many local and international food safety councils, such as FSSAI, BRC and APEDA. Also, the food presence of major supermarkets, such as 7-Eleven, E-mart, Big C, etc. and increasing penetration of internet, online market for purchase of canned food products is thus exploding the growth of the market.

Competitive landscape

The global canned food market is fragmented owing to the presence of large regional and national players in different countries. Emphasis is placed on business merger, expansion, acquisition and partnership as well as new product development as strategic approaches taken by leading companies to build their brand presence among consumers. For example, Bonduelle SA, a France-based company that provides canned, frozen and fresh vegetable products, completed in July 2018 its acquisition of the Del Monte processed fruit and vegetable business in Canada from Conagra Brands to expand its portfolio of businesses to canned snacks. .

Main topics covered

1. INTRODUCTION
1.1 Study deliverables
1.2 Assumptions of the study
1.3 Scope of the study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Constraints
4.3 Porter’s Five Forces Analysis

5 MARKET SEGMENTATION
5.1 By type
5.1.1 Canned meat products
5.1.2 Canned fish/seafood
5.1.3 Canned vegetables
5.1.4 Canned fruit
5.1.5 Others
5.2 By distribution channel
5.2.1 Supermarket/Hypermarket
5.2.2 Troubleshooters
5.2.3 Online retail channels
5.2.4 Others
5.3 Geography
5.3.1 North America
5.3.2 Europe
5.3.3 Asia-Pacific
5.3.4 South America
5.3.5 Middle East and Africa

6 COMPETITIVE LANDSCAPE
6.1 Most active companies
6.2 Most Adopted Strategies
6.3 Market Share Analysis
6.4 Company Profiles
6.4.1 HJ Heinz Company Brands LLC
6.4.2 Bolton Group
6.4.3 Campbell’s Soup Company
6.4.4 Conagra Trademarks
6.4.5 Nestle
6.4.6 Bonduelle SA
6.4.7 JBS SA (SAMPCO)

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

For more information about this report visit https://www.researchandmarkets.com/r/9f8ssv

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