Canned Food Market - Global Industry Growth and Trend Analysis

Canned Food Market Overview

The Global Canned Food Market Size Was Valued at USD 85.29 Billion in 2023 and is Projected to Reach USD 123.62 Billion by 2032, Growing at a CAGR of 4.21% From 2024-2032.       

• Canning is a method of preserving foods for longer period of time by packing them in different airtight containers. The canned food serves enriched nutrients to the health-conscious consumers. The market is mainly driven by the rising urban population that prefers healthy food rich in protein, fibers, vitamins, and omega-3 fatty acids. Consumers who are ready to spend a little more for the small, easy, ready-to-cook meat and seafood as well as organic canned fruits and vegetables are thus boosting the market sales. The rise in the trend of busy life and working population especially among millennials, consumer inclination toward the consumption of convenience food products has increased rapidly during the recent years. Due to retention of high amount of nutrients, color and flavor, canned foods have become one of the most preferred choices of preserved foods among consumers. The growing number of food retail outlets with increasing urbanization, R&D and marketing strategies used by the players in the canned food market is expected to have a positive effect for the Canned Food Market growth in the projected years.

Market Dynamics And Factors For Canned Food Market

Drivers:

Growing Demand for Packaged and Processed Foods by Working Population

• Growing number of working women has thereby increased the dependency of consumers on the easily available ready meals and convenience foods. This has led to the drastic growth in demand for nutritious and shelf stable packaged and processed food, which ultimately fuels growth of the canned food market. Furthermore, rapid surge in number of large retail platforms worldwide, including supermarkets or hypermarkets and e-commerce channels, cushions the demand for canned food products. Also, some of the canned food products contain more vitamins and minerals, as compared to the fresh products which thereby leads to rise in demand for processed foods. Such processed and packaged products have longer shelf lives and are also ready to eat as well as easy to use while meal preparation. The rise in the number of working populations especially in the developed urban area is increasing the dependency of the consumers on convenient and easy to use ready meals which leading to an increase in the demand for canned food market in the projected years.

Restraints:

Dependence on The Raw Material and Region-Specific Ban

• Canned food market is continuously attaining a height in the global market due to its characteristic features. Nevertheless, the dependence on the raw material for the packaging purpose, region-specific ban and various limitations on the consumption of canned food in various regions is restraining the expansion of the canned food market. For instance, the growing awareness about fitness and health among consumers is shifting the consumers' demand towards fresh food which is negatively impacting the market of the canned food. Unavailability of the raw materials required for the preparation of canned food at proper time may also restrict the market and worsen the growth in the forecasted years.

Opportunity:

Rising Environmental- Friendly Packaging Solutions

• Consumers are understanding the impact of plastic packaging on the environment and are demanding sustainable and recyclable solutions. The canned food meets all the concerns of the consumers which have been further driving the market of the canned food. Manufacturers are focusing on offering the varieties of the canned food products along with high quality, taste, and nutritional value to maintain their position in the competitive market. Thus, such rising awareness of the plastic packaging and the rising demand for a sustainable solution and increasing recycling rates globally have been further creating an opportunity and driving the market.

Challenges:

Product Recalls May Hamper the Growth

• Product recalls are very important to ensure safe supply to the consumers, so that any harm or risk can be avoided. However, the continuous rise in product recalls will further challenge the global canned food market growth during the projected period. These product recalls are a result of improper handling of raw materials or supplies during transportation and production. Over the last few years, many products have been recalled owing to the presence of allergens, use of contaminated raw materials and incorrect labelling. If such situation not resolved quickly, may cause a challenge in the global canned food market over the upcoming years.

Segmentation Analysis Of Canned Food Market

• By Product Type, the canned meat & seafood segment is expected to dominate the global canned food market in the projected years. Canned meat & seafood has been the widely preferred segment of canned food among consumers owing to the growing demand for meat and seafood products worldwide, coupled with increase in demand for high protein foods in the market. Owing to this demand for convenience food products, the market for ready meals is likely to grow at pace during the canned food market forecasted period.
• By Distribution Channel, the supermarket/hypermarket segment is estimated to dominate the canned food market, and is expected to retain its dominance throughout the forecast period. Supermarkets/hypermarkets are most preferred for purchasing canned foods in bulk volumes. Hence, owing to the remarkable presence of independent and chained supermarkets/hypermarkets in developed economic countries and growing penetration of supermarket/hypermarkets in developing countries, the growth of canned food market is substantial.
• By Type, Organic canned food product segment is anticipated to dominate over the forecasted years. Due to the increase in health concerns among the consumers, the consumers are willing to switch their preference and are demanding more organic food products. Also, due to the changing lifestyle and trends, the organic canned food segment is attaining a rapid growth. This is further motivating the manufacturers of the canned food market and is creating opportunities for organic canned food products in the upcoming years.

Regional Analysis of Canned Food Market

• The Asia Pacific region is expected to dominate the global canned food market in the projected years. Owing to growing disposable income and the busy lifestyle of consumers due to rising employment rate, the Asia Pacific region is retaining its dominance vastly. The growth in this region is derived from the rise in consumption practices of processed and packaged food products and beverages. The high consumer base as well as high population of working professionals in this region are most likely to boost the market growth over the projected time. Furthermore, the rapid urbanization as well as wide acceptance of westernized culture leads to a significant canned food market growth. In addition to this, the rise in millennial population, evolving dietary patterns and growing exposure to internet is expected to boost the rapid growth over the projected time.
• Europe is the prominent market and is accounted for the maximum share in the global canned food market in the upcoming years. This is attributed to high consumption of canned food products in majority of the European countries including the UK, Germany, France, and Italy. Consumers in this region are majorly attracted by canned food products with new textures, flavors, and higher nutritional value, which leads to the canned food market growth in this region. Also, the wide utilization of meat and meat products as well as vegetables in various cuisines have further contributed to the gradual growth of canned food market in the European region.
• North America is projected to have a substantial growth in canned food market sector over the projected time. The rapid improvement in supply chain and logistics and the improved infrastructure in this region is propelling the market growth of canned food. The rising popularity through online media and changing lifestyle trends in various regions of North America has contributed to the growth of the market. Also, the rise in ready to drink, and ready to eat food products and beverages is expected to dominate the canned food market in this region over the estimated period.

Top Key Players Covered In Canned Food Market

• Bolton Group Srl (Italy)
• Campbell Soup Co (US)
• ConAgra Brands Inc (US)
• Del Monte Pacific Ltd (California)
• General Mills Inc. (Minnesota, US)
• Nestle SA (Switzerland)
• Princes Ltd (UK)
• The Hain Celestial Group Inc (New York)
• The J.M. Smucker Co (Ohio, US)
• The Kraft Heinz Co (Chicago, US)
• Danish Crown (Denmark)
• CHB Group (Cheltenham, UK)
• AYAM SARL. (Singapore)
• JBS S.A (Greeley, US), and other major players.

Key Industry Development In The Canned Food Market

• In June 2024, Bull Brand, one of South Africa’s most beloved food brands, recently introduced three new ready-to-eat canned mince meals: Bolognaise Mince, Chilli Mince, and Savoury Mince. These additions joined the popular Curried Mince, launched last year, offering South Africans four versatile options to pair with their favorite starch. The launch aimed to meet the growing demand for affordable, nutritious, and convenient meal solutions, especially during challenging economic times.
• In January, 2022, As Growers of Good, Del Monte Foods, Inc. is to reduce the footprint of packaging by investing in new materials and redesigning existing materials. They further continued that, since 2009, they have been reducing use of plastics and metal, and today, only 4% of their packaging by weight contains any plastics; the rest is fully recyclable steel, glass or paper based.

Chapter 1: Introduction
 1.1 Research Objectives
 1.2 Research Methodology
 1.3 Research Process
 1.4 Scope and Coverage
  1.4.1 Market Definition
  1.4.2 Key Questions Answered
 1.5 Market Segmentation

Chapter 2:Executive Summary

Chapter 3:Growth Opportunities By Segment
 3.1 By Product Type
 3.2 By Distribution Channel
 3.3 By Nature

Chapter 4: Market Landscape
 4.1 Porter's Five Forces Analysis
  4.1.1 Bargaining Power of Supplier
  4.1.2 Threat of New Entrants
  4.1.3 Threat of Substitutes
  4.1.4 Competitive Rivalry
  4.1.5 Bargaining Power Among Buyers
 4.2 Industry Value Chain Analysis
 4.3 Market Dynamics
  4.3.1 Drivers
  4.3.2 Restraints
  4.3.3 Opportunities
  4.5.4 Challenges
 4.4 Pestle Analysis
 4.5 Technological Roadmap
 4.6 Regulatory Landscape
 4.7 SWOT Analysis
 4.8 Price Trend Analysis
 4.9 Patent Analysis
 4.10 Analysis of the Impact of Covid-19
  4.10.1 Impact on the Overall Market
  4.10.2 Impact on the Supply Chain
  4.10.3 Impact on the Key Manufacturers
  4.10.4 Impact on the Pricing

Chapter 5: Canned Food Market by Product Type
 5.1 Canned Food Market Overview Snapshot and Growth Engine
 5.2 Canned Food Market Overview
 5.3 Canned Meat Products
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size (2017-2032F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Canned Meat Products: Grographic Segmentation
 5.4 Canned Fish/Seafood
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size (2017-2032F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Canned Fish/Seafood: Grographic Segmentation
 5.5 Canned Vegetables
  5.5.1 Introduction and Market Overview
  5.5.2 Historic and Forecasted Market Size (2017-2032F)
  5.5.3 Key Market Trends, Growth Factors and Opportunities
  5.5.4 Canned Vegetables: Grographic Segmentation
 5.6 Canned Fruits
  5.6.1 Introduction and Market Overview
  5.6.2 Historic and Forecasted Market Size (2017-2032F)
  5.6.3 Key Market Trends, Growth Factors and Opportunities
  5.6.4 Canned Fruits: Grographic Segmentation
 5.7 Others
  5.7.1 Introduction and Market Overview
  5.7.2 Historic and Forecasted Market Size (2017-2032F)
  5.7.3 Key Market Trends, Growth Factors and Opportunities
  5.7.4 Others: Grographic Segmentation

Chapter 6: Canned Food Market by Distribution Channel
 6.1 Canned Food Market Overview Snapshot and Growth Engine
 6.2 Canned Food Market Overview
 6.3 Supermarkets/Hypermarkets
  6.3.1 Introduction and Market Overview
  6.3.2 Historic and Forecasted Market Size (2017-2032F)
  6.3.3 Key Market Trends, Growth Factors and Opportunities
  6.3.4 Supermarkets/Hypermarkets: Grographic Segmentation
 6.4 Convenience Stores
  6.4.1 Introduction and Market Overview
  6.4.2 Historic and Forecasted Market Size (2017-2032F)
  6.4.3 Key Market Trends, Growth Factors and Opportunities
  6.4.4 Convenience Stores: Grographic Segmentation
 6.5 Online Retail Channels
  6.5.1 Introduction and Market Overview
  6.5.2 Historic and Forecasted Market Size (2017-2032F)
  6.5.3 Key Market Trends, Growth Factors and Opportunities
  6.5.4 Online Retail Channels: Grographic Segmentation
 6.6 Other Distribution Channels
  6.6.1 Introduction and Market Overview
  6.6.2 Historic and Forecasted Market Size (2017-2032F)
  6.6.3 Key Market Trends, Growth Factors and Opportunities
  6.6.4 Other Distribution Channels: Grographic Segmentation

Chapter 7: Canned Food Market by Nature
 7.1 Canned Food Market Overview Snapshot and Growth Engine
 7.2 Canned Food Market Overview
 7.3 Organic
  7.3.1 Introduction and Market Overview
  7.3.2 Historic and Forecasted Market Size (2017-2032F)
  7.3.3 Key Market Trends, Growth Factors and Opportunities
  7.3.4 Organic: Grographic Segmentation
 7.4 Conventional
  7.4.1 Introduction and Market Overview
  7.4.2 Historic and Forecasted Market Size (2017-2032F)
  7.4.3 Key Market Trends, Growth Factors and Opportunities
  7.4.4 Conventional: Grographic Segmentation

Chapter 8: Company Profiles and Competitive Analysis
 8.1 Competitive Landscape
  8.1.1 Competitive Positioning
  8.1.2 Canned Food Sales and Market Share By Players
  8.1.3 Industry BCG Matrix
  8.1.4 Ansoff Matrix
  8.1.5 Canned Food Industry Concentration Ratio (CR5 and HHI)
  8.1.6 Top 5 Canned Food Players Market Share
  8.1.7 Mergers and Acquisitions
  8.1.8 Business Strategies By Top Players
 8.2 BOLTON GROUP SRL (ITALY)
  8.2.1 Company Overview
  8.2.2 Key Executives
  8.2.3 Company Snapshot
  8.2.4 Operating Business Segments
  8.2.5 Product Portfolio
  8.2.6 Business Performance
  8.2.7 Key Strategic Moves and Recent Developments
  8.2.8 SWOT Analysis
 8.3 CAMPBELL SOUP CO (US)
 8.4 CONAGRA BRANDS INC (US)
 8.5 DEL MONTE PACIFIC LTD (CALIFORNIA)
 8.6 GENERAL MILLS INC. (MINNESOTA
 8.7 US)
 8.8 NESTLE SA (SWITZERLAND)
 8.9 PRINCES LTD (UK)
 8.10 THE HAIN CELESTIAL GROUP INC (NEW YORK)
 8.11 THE J.M. SMUCKER CO (OHIO
 8.12 US)
 8.13 THE KRAFT HEINZ CO (CHICAGO
 8.14 US)
 8.15 DANISH CROWN (DENMARK)
 8.16 CHB GROUP (CHELTENHAM
 8.17 UK)
 8.18 AYAM SARL. (SINGAPORE)
 8.19 JBS S.A (GREELEY
 8.20 US)
 8.21 OTHER MAJOR PLAYERS

Chapter 9: Global Canned Food Market Analysis, Insights and Forecast, 2017-2032
 9.1 Market Overview
 9.2 Historic and Forecasted Market Size By Product Type
  9.2.1 Canned Meat Products
  9.2.2 Canned Fish/Seafood
  9.2.3 Canned Vegetables
  9.2.4 Canned Fruits
  9.2.5 Others
 9.3 Historic and Forecasted Market Size By Distribution Channel
  9.3.1 Supermarkets/Hypermarkets
  9.3.2 Convenience Stores
  9.3.3 Online Retail Channels
  9.3.4 Other Distribution Channels
 9.4 Historic and Forecasted Market Size By Nature
  9.4.1 Organic
  9.4.2 Conventional

Chapter 10: North America Canned Food Market Analysis, Insights and Forecast, 2017-2032
 10.1 Key Market Trends, Growth Factors and Opportunities
 10.2 Impact of Covid-19
 10.3 Key Players
 10.4 Key Market Trends, Growth Factors and Opportunities
 10.4 Historic and Forecasted Market Size By Product Type
  10.4.1 Canned Meat Products
  10.4.2 Canned Fish/Seafood
  10.4.3 Canned Vegetables
  10.4.4 Canned Fruits
  10.4.5 Others
 10.5 Historic and Forecasted Market Size By Distribution Channel
  10.5.1 Supermarkets/Hypermarkets
  10.5.2 Convenience Stores
  10.5.3 Online Retail Channels
  10.5.4 Other Distribution Channels
 10.6 Historic and Forecasted Market Size By Nature
  10.6.1 Organic
  10.6.2 Conventional
 10.7 Historic and Forecast Market Size by Country
  10.7.1 U.S.
  10.7.2 Canada
  10.7.3 Mexico

Chapter 11: Europe Canned Food Market Analysis, Insights and Forecast, 2017-2032
 11.1 Key Market Trends, Growth Factors and Opportunities
 11.2 Impact of Covid-19
 11.3 Key Players
 11.4 Key Market Trends, Growth Factors and Opportunities
 11.4 Historic and Forecasted Market Size By Product Type
  11.4.1 Canned Meat Products
  11.4.2 Canned Fish/Seafood
  11.4.3 Canned Vegetables
  11.4.4 Canned Fruits
  11.4.5 Others
 11.5 Historic and Forecasted Market Size By Distribution Channel
  11.5.1 Supermarkets/Hypermarkets
  11.5.2 Convenience Stores
  11.5.3 Online Retail Channels
  11.5.4 Other Distribution Channels
 11.6 Historic and Forecasted Market Size By Nature
  11.6.1 Organic
  11.6.2 Conventional
 11.7 Historic and Forecast Market Size by Country
  11.7.1 Germany
  11.7.2 U.K.
  11.7.3 France
  11.7.4 Italy
  11.7.5 Russia
  11.7.6 Spain
  11.7.7 Rest of Europe

Chapter 12: Asia-Pacific Canned Food Market Analysis, Insights and Forecast, 2017-2032
 12.1 Key Market Trends, Growth Factors and Opportunities
 12.2 Impact of Covid-19
 12.3 Key Players
 12.4 Key Market Trends, Growth Factors and Opportunities
 12.4 Historic and Forecasted Market Size By Product Type
  12.4.1 Canned Meat Products
  12.4.2 Canned Fish/Seafood
  12.4.3 Canned Vegetables
  12.4.4 Canned Fruits
  12.4.5 Others
 12.5 Historic and Forecasted Market Size By Distribution Channel
  12.5.1 Supermarkets/Hypermarkets
  12.5.2 Convenience Stores
  12.5.3 Online Retail Channels
  12.5.4 Other Distribution Channels
 12.6 Historic and Forecasted Market Size By Nature
  12.6.1 Organic
  12.6.2 Conventional
 12.7 Historic and Forecast Market Size by Country
  12.7.1 China
  12.7.2 India
  12.7.3 Japan
  12.7.4 Singapore
  12.7.5 Australia
  12.7.6 New Zealand
  12.7.7 Rest of APAC

Chapter 13: Middle East & Africa Canned Food Market Analysis, Insights and Forecast, 2017-2032
 13.1 Key Market Trends, Growth Factors and Opportunities
 13.2 Impact of Covid-19
 13.3 Key Players
 13.4 Key Market Trends, Growth Factors and Opportunities
 13.4 Historic and Forecasted Market Size By Product Type
  13.4.1 Canned Meat Products
  13.4.2 Canned Fish/Seafood
  13.4.3 Canned Vegetables
  13.4.4 Canned Fruits
  13.4.5 Others
 13.5 Historic and Forecasted Market Size By Distribution Channel
  13.5.1 Supermarkets/Hypermarkets
  13.5.2 Convenience Stores
  13.5.3 Online Retail Channels
  13.5.4 Other Distribution Channels
 13.6 Historic and Forecasted Market Size By Nature
  13.6.1 Organic
  13.6.2 Conventional
 13.7 Historic and Forecast Market Size by Country
  13.7.1 Turkey
  13.7.2 Saudi Arabia
  13.7.3 Iran
  13.7.4 UAE
  13.7.5 Africa
  13.7.6 Rest of MEA

Chapter 14: South America Canned Food Market Analysis, Insights and Forecast, 2017-2032
 14.1 Key Market Trends, Growth Factors and Opportunities
 14.2 Impact of Covid-19
 14.3 Key Players
 14.4 Key Market Trends, Growth Factors and Opportunities
 14.4 Historic and Forecasted Market Size By Product Type
  14.4.1 Canned Meat Products
  14.4.2 Canned Fish/Seafood
  14.4.3 Canned Vegetables
  14.4.4 Canned Fruits
  14.4.5 Others
 14.5 Historic and Forecasted Market Size By Distribution Channel
  14.5.1 Supermarkets/Hypermarkets
  14.5.2 Convenience Stores
  14.5.3 Online Retail Channels
  14.5.4 Other Distribution Channels
 14.6 Historic and Forecasted Market Size By Nature
  14.6.1 Organic
  14.6.2 Conventional
 14.7 Historic and Forecast Market Size by Country
  14.7.1 Brazil
  14.7.2 Argentina
  14.7.3 Rest of SA

Chapter 15 Investment Analysis

Chapter 16 Analyst Viewpoint and Conclusion