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 Africaās 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.
Canned Food Market |
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Base Year: |
2023 |
Forecast Period: |
2024-2032 |
Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 85.29 Bn. |
Forecast Period 2024-32 CAGR: |
4.21% |
Market Size in 2032: |
USD 123.62 Bn. |
Segments Covered: |
By Product Type |
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By Distribution Channel |
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By Nature |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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Chapter 1: Introduction
ā1.1 Research Objectives
ā1.2 Research Methodology
ā1.3 Research Process
ā1.4 Scope and Coverage
āā1.4.1 Market Definition
āā1.4.2 Key Questions Answered
ā1.5 Market Segmentation
Chapter 2:Executive Summary
Chapter 3:Growth Opportunities By Segment
ā3.1 By Product Type
ā3.2 By Distribution Channel
ā3.3 By Nature
Chapter 4: Market Landscape
ā4.1 Porter's Five Forces Analysis
āā4.1.1 Bargaining Power of Supplier
āā4.1.2 Threat of New Entrants
āā4.1.3 Threat of Substitutes
āā4.1.4 Competitive Rivalry
āā4.1.5 Bargaining Power Among Buyers
ā4.2 Industry Value Chain Analysis
ā4.3 Market Dynamics
āā4.3.1 Drivers
āā4.3.2 Restraints
āā4.3.3 Opportunities
āā4.5.4 Challenges
ā4.4 Pestle Analysis
ā4.5 Technological Roadmap
ā4.6 Regulatory Landscape
ā4.7 SWOT Analysis
ā4.8 Price Trend Analysis
ā4.9 Patent Analysis
ā4.10 Analysis of the Impact of Covid-19
āā4.10.1 Impact on the Overall Market
āā4.10.2 Impact on the Supply Chain
āā4.10.3 Impact on the Key Manufacturers
āā4.10.4 Impact on the Pricing
Chapter 5: Canned Food Market by Product Type
ā5.1 Canned Food Market Overview Snapshot and Growth Engine
ā5.2 Canned Food Market Overview
ā5.3 Canned Meat Products
āā5.3.1 Introduction and Market Overview
āā5.3.2 Historic and Forecasted Market Size (2017-2032F)
āā5.3.3 Key Market Trends, Growth Factors and Opportunities
āā5.3.4 Canned Meat Products: Grographic Segmentation
ā5.4 Canned Fish/Seafood
āā5.4.1 Introduction and Market Overview
āā5.4.2 Historic and Forecasted Market Size (2017-2032F)
āā5.4.3 Key Market Trends, Growth Factors and Opportunities
āā5.4.4 Canned Fish/Seafood: Grographic Segmentation
ā5.5 Canned Vegetables
āā5.5.1 Introduction and Market Overview
āā5.5.2 Historic and Forecasted Market Size (2017-2032F)
āā5.5.3 Key Market Trends, Growth Factors and Opportunities
āā5.5.4 Canned Vegetables: Grographic Segmentation
ā5.6 Canned Fruits
āā5.6.1 Introduction and Market Overview
āā5.6.2 Historic and Forecasted Market Size (2017-2032F)
āā5.6.3 Key Market Trends, Growth Factors and Opportunities
āā5.6.4 Canned Fruits: Grographic Segmentation
ā5.7 Others
āā5.7.1 Introduction and Market Overview
āā5.7.2 Historic and Forecasted Market Size (2017-2032F)
āā5.7.3 Key Market Trends, Growth Factors and Opportunities
āā5.7.4 Others: Grographic Segmentation
Chapter 6: Canned Food Market by Distribution Channel
ā6.1 Canned Food Market Overview Snapshot and Growth Engine
ā6.2 Canned Food Market Overview
ā6.3 Supermarkets/Hypermarkets
āā6.3.1 Introduction and Market Overview
āā6.3.2 Historic and Forecasted Market Size (2017-2032F)
āā6.3.3 Key Market Trends, Growth Factors and Opportunities
āā6.3.4 Supermarkets/Hypermarkets: Grographic Segmentation
ā6.4 Convenience Stores
āā6.4.1 Introduction and Market Overview
āā6.4.2 Historic and Forecasted Market Size (2017-2032F)
āā6.4.3 Key Market Trends, Growth Factors and Opportunities
āā6.4.4 Convenience Stores: Grographic Segmentation
ā6.5 Online Retail Channels
āā6.5.1 Introduction and Market Overview
āā6.5.2 Historic and Forecasted Market Size (2017-2032F)
āā6.5.3 Key Market Trends, Growth Factors and Opportunities
āā6.5.4 Online Retail Channels: Grographic Segmentation
ā6.6 Other Distribution Channels
āā6.6.1 Introduction and Market Overview
āā6.6.2 Historic and Forecasted Market Size (2017-2032F)
āā6.6.3 Key Market Trends, Growth Factors and Opportunities
āā6.6.4 Other Distribution Channels: Grographic Segmentation
Chapter 7: Canned Food Market by Nature
ā7.1 Canned Food Market Overview Snapshot and Growth Engine
ā7.2 Canned Food Market Overview
ā7.3 Organic
āā7.3.1 Introduction and Market Overview
āā7.3.2 Historic and Forecasted Market Size (2017-2032F)
āā7.3.3 Key Market Trends, Growth Factors and Opportunities
āā7.3.4 Organic: Grographic Segmentation
ā7.4 Conventional
āā7.4.1 Introduction and Market Overview
āā7.4.2 Historic and Forecasted Market Size (2017-2032F)
āā7.4.3 Key Market Trends, Growth Factors and Opportunities
āā7.4.4 Conventional: Grographic Segmentation
Chapter 8: Company Profiles and Competitive Analysis
ā8.1 Competitive Landscape
āā8.1.1 Competitive Positioning
āā8.1.2 Canned Food Sales and Market Share By Players
āā8.1.3 Industry BCG Matrix
āā8.1.4 Ansoff Matrix
āā8.1.5 Canned Food Industry Concentration Ratio (CR5 and HHI)
āā8.1.6 Top 5 Canned Food Players Market Share
āā8.1.7 Mergers and Acquisitions
āā8.1.8 Business Strategies By Top Players
ā8.2 BOLTON GROUP SRL (ITALY)
āā8.2.1 Company Overview
āā8.2.2 Key Executives
āā8.2.3 Company Snapshot
āā8.2.4 Operating Business Segments
āā8.2.5 Product Portfolio
āā8.2.6 Business Performance
āā8.2.7 Key Strategic Moves and Recent Developments
āā8.2.8 SWOT Analysis
ā8.3 CAMPBELL SOUP CO (US)
ā8.4 CONAGRA BRANDS INC (US)
ā8.5 DEL MONTE PACIFIC LTD (CALIFORNIA)
ā8.6 GENERAL MILLS INC. (MINNESOTA
ā8.7 US)
ā8.8 NESTLE SA (SWITZERLAND)
ā8.9 PRINCES LTD (UK)
ā8.10 THE HAIN CELESTIAL GROUP INC (NEW YORK)
ā8.11 THE J.M. SMUCKER CO (OHIO
ā8.12 US)
ā8.13 THE KRAFT HEINZ CO (CHICAGO
ā8.14 US)
ā8.15 DANISH CROWN (DENMARK)
ā8.16 CHB GROUP (CHELTENHAM
ā8.17 UK)
ā8.18 AYAM SARL. (SINGAPORE)
ā8.19 JBS S.A (GREELEY
ā8.20 US)
ā8.21 OTHER MAJOR PLAYERS
Chapter 9: Global Canned Food Market Analysis, Insights and Forecast, 2017-2032
ā9.1 Market Overview
ā9.2 Historic and Forecasted Market Size By Product Type
āā9.2.1 Canned Meat Products
āā9.2.2 Canned Fish/Seafood
āā9.2.3 Canned Vegetables
āā9.2.4 Canned Fruits
āā9.2.5 Others
ā9.3 Historic and Forecasted Market Size By Distribution Channel
āā9.3.1 Supermarkets/Hypermarkets
āā9.3.2 Convenience Stores
āā9.3.3 Online Retail Channels
āā9.3.4 Other Distribution Channels
ā9.4 Historic and Forecasted Market Size By Nature
āā9.4.1 Organic
āā9.4.2 Conventional
Chapter 10: North America Canned Food Market Analysis, Insights and Forecast, 2017-2032
ā10.1 Key Market Trends, Growth Factors and Opportunities
ā10.2 Impact of Covid-19
ā10.3 Key Players
ā10.4 Key Market Trends, Growth Factors and Opportunities
ā10.4 Historic and Forecasted Market Size By Product Type
āā10.4.1 Canned Meat Products
āā10.4.2 Canned Fish/Seafood
āā10.4.3 Canned Vegetables
āā10.4.4 Canned Fruits
āā10.4.5 Others
ā10.5 Historic and Forecasted Market Size By Distribution Channel
āā10.5.1 Supermarkets/Hypermarkets
āā10.5.2 Convenience Stores
āā10.5.3 Online Retail Channels
āā10.5.4 Other Distribution Channels
ā10.6 Historic and Forecasted Market Size By Nature
āā10.6.1 Organic
āā10.6.2 Conventional
ā10.7 Historic and Forecast Market Size by Country
āā10.7.1 U.S.
āā10.7.2 Canada
āā10.7.3 Mexico
Chapter 11: Europe Canned Food Market Analysis, Insights and Forecast, 2017-2032
ā11.1 Key Market Trends, Growth Factors and Opportunities
ā11.2 Impact of Covid-19
ā11.3 Key Players
ā11.4 Key Market Trends, Growth Factors and Opportunities
ā11.4 Historic and Forecasted Market Size By Product Type
āā11.4.1 Canned Meat Products
āā11.4.2 Canned Fish/Seafood
āā11.4.3 Canned Vegetables
āā11.4.4 Canned Fruits
āā11.4.5 Others
ā11.5 Historic and Forecasted Market Size By Distribution Channel
āā11.5.1 Supermarkets/Hypermarkets
āā11.5.2 Convenience Stores
āā11.5.3 Online Retail Channels
āā11.5.4 Other Distribution Channels
ā11.6 Historic and Forecasted Market Size By Nature
āā11.6.1 Organic
āā11.6.2 Conventional
ā11.7 Historic and Forecast Market Size by Country
āā11.7.1 Germany
āā11.7.2 U.K.
āā11.7.3 France
āā11.7.4 Italy
āā11.7.5 Russia
āā11.7.6 Spain
āā11.7.7 Rest of Europe
Chapter 12: Asia-Pacific Canned Food Market Analysis, Insights and Forecast, 2017-2032
ā12.1 Key Market Trends, Growth Factors and Opportunities
ā12.2 Impact of Covid-19
ā12.3 Key Players
ā12.4 Key Market Trends, Growth Factors and Opportunities
ā12.4 Historic and Forecasted Market Size By Product Type
āā12.4.1 Canned Meat Products
āā12.4.2 Canned Fish/Seafood
āā12.4.3 Canned Vegetables
āā12.4.4 Canned Fruits
āā12.4.5 Others
ā12.5 Historic and Forecasted Market Size By Distribution Channel
āā12.5.1 Supermarkets/Hypermarkets
āā12.5.2 Convenience Stores
āā12.5.3 Online Retail Channels
āā12.5.4 Other Distribution Channels
ā12.6 Historic and Forecasted Market Size By Nature
āā12.6.1 Organic
āā12.6.2 Conventional
ā12.7 Historic and Forecast Market Size by Country
āā12.7.1 China
āā12.7.2 India
āā12.7.3 Japan
āā12.7.4 Singapore
āā12.7.5 Australia
āā12.7.6 New Zealand
āā12.7.7 Rest of APAC
Chapter 13: Middle East & Africa Canned Food Market Analysis, Insights and Forecast, 2017-2032
ā13.1 Key Market Trends, Growth Factors and Opportunities
ā13.2 Impact of Covid-19
ā13.3 Key Players
ā13.4 Key Market Trends, Growth Factors and Opportunities
ā13.4 Historic and Forecasted Market Size By Product Type
āā13.4.1 Canned Meat Products
āā13.4.2 Canned Fish/Seafood
āā13.4.3 Canned Vegetables
āā13.4.4 Canned Fruits
āā13.4.5 Others
ā13.5 Historic and Forecasted Market Size By Distribution Channel
āā13.5.1 Supermarkets/Hypermarkets
āā13.5.2 Convenience Stores
āā13.5.3 Online Retail Channels
āā13.5.4 Other Distribution Channels
ā13.6 Historic and Forecasted Market Size By Nature
āā13.6.1 Organic
āā13.6.2 Conventional
ā13.7 Historic and Forecast Market Size by Country
āā13.7.1 Turkey
āā13.7.2 Saudi Arabia
āā13.7.3 Iran
āā13.7.4 UAE
āā13.7.5 Africa
āā13.7.6 Rest of MEA
Chapter 14: South America Canned Food Market Analysis, Insights and Forecast, 2017-2032
ā14.1 Key Market Trends, Growth Factors and Opportunities
ā14.2 Impact of Covid-19
ā14.3 Key Players
ā14.4 Key Market Trends, Growth Factors and Opportunities
ā14.4 Historic and Forecasted Market Size By Product Type
āā14.4.1 Canned Meat Products
āā14.4.2 Canned Fish/Seafood
āā14.4.3 Canned Vegetables
āā14.4.4 Canned Fruits
āā14.4.5 Others
ā14.5 Historic and Forecasted Market Size By Distribution Channel
āā14.5.1 Supermarkets/Hypermarkets
āā14.5.2 Convenience Stores
āā14.5.3 Online Retail Channels
āā14.5.4 Other Distribution Channels
ā14.6 Historic and Forecasted Market Size By Nature
āā14.6.1 Organic
āā14.6.2 Conventional
ā14.7 Historic and Forecast Market Size by Country
āā14.7.1 Brazil
āā14.7.2 Argentina
āā14.7.3 Rest of SA
Chapter 15 Investment Analysis
Chapter 16 Analyst Viewpoint and Conclusion
Canned Food Market |
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Base Year: |
2023 |
Forecast Period: |
2024-2032 |
Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 85.29 Bn. |
Forecast Period 2024-32 CAGR: |
4.21% |
Market Size in 2032: |
USD 123.62 Bn. |
Segments Covered: |
By Product Type |
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By Distribution Channel |
|
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By Nature |
|
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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Frequently Asked Questions :
The forecast period in the Canned Food Market research report is 2023-2032.
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.
The Canned Food Market is segmented into Product type, Distribution Channel, Type and region. By Product Type, the market is categorized into Meat Products, Fish/Sea Food, Vegetables, Fruits. By Distribution Channel, the market is categorized into Supermarkets/Hypermarkets, Convenience stores and Online Retail Channels. By Type, the market is categorized into Organic and Conventional. By region, it is analyzed across North America (U.S.; Canada; Mexico), Europe (Germany; U.K.; France; Italy; Russia; Spain, etc.), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).
Canning is a method of preserving foods for longer period of time by packing them in different airtight containers. The market is mainly driven by the rising urban population that prefers healthy food rich in protein, fibers, vitamins, and omega-3 fatty acids.
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.