The worldwide for canned foods market reached a value of USD 96.6 billion in the year 2022. It is projected to ascend to USD 149.86 billion by the year 2032, experiencing a notable compound annual growth rate (CAGR) of 5% over the forecast period.
A significant driver of the market's revenue growth is the increasing awareness among consumers regarding the benefits of canned products. These benefits include an extended shelf life, the ability to retain nutritional value, and the capacity to reduce food wastage. Canning, as a food preservation technique, involves the sealing and sterilization of food items in airtight containers.
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Top Companies:
· Conagra Brands, Inc.
· Del Monte Pacific Limited
· Campbell Soup Company
· Hormel Foods Corporation
· General Mills, Inc.
· Heinz Company
· Nestle S.A.
· Princes Limited
· Thai Union Group PCL
· B&G Foods, Inc.
· AYAM
Key Trends of Canned Foods Market
Health and Wellness:
· Consumers are increasingly looking for healthier canned food options. This has led to a rise in demand for canned foods with lower sodium, reduced sugar, and fewer preservatives. Canned fruits and vegetables marketed as "no added sugar" or "low sodium" have gained popularity.
Premium and Gourmet Canned Foods:
· Consumers are willing to pay more for high-quality, gourmet, or premium canned foods. This trend has given rise to premium canned seafood, exotic fruit preserves, and other specialty products that cater to discerning palates.
Ethnic and International Flavors:
· The canned foods market has seen an increase in the availability of ethnic and international flavors. Canned foods featuring Asian, Mexican, Mediterranean, and other global cuisines are becoming more prevalent.
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To assist readers in making profitable business decisions, the report is written with the help of industry analysts, market segmentation, and data collection. In addition to providing a comprehensive database of technological and product advances, the report provides detailed information on growth rates, market values, as well as niche market segments.
This report analyzes the Canned Foods market in terms of growth rate, market share, current and emerging trends, production and consumption ratios, industrial chains, demand and supply, imports, exports, revenue contribution, and key player presences in key regions. As a part of the report, a country-by-country analysis of the Canned Foods market is provided to gain a deeper understanding of its growth and progress.
The global Canned Foods market is segmented into:
· North America (U.S.A., Canada, Mexico)
· Europe (Italy, U.K., Germany, France, Rest of Europe)
· Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
· Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
· Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Further market segmentation
Type Outlook:
- Fruits & Vegetables
- Meat & Seafood
- Ready Meals
- Soups & Broths
- Others
Distribution Channel Outlook:
- Supermarkets/Hypermarkets
- Convenience Stores
- Online Retail
- Others
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