The global canned food market size reached US$ 99.3 Billion in 2023. Looking forward, the publisher expects the market to reach US$ 122.8 Billion by 2032, exhibiting a growth rate (CAGR) of 2.39% during 2023-2032. The market is experiencing steady growth driven by the growing demand for canned food among consumers, the rise in the number of working individuals, the increasing consumption of ready-to-eat (RTE) and convenient food items, and the inflating disposable incomes.
The canned meat and seafood segment is a significant and diverse component of the market. Offering convenience without compromising on taste and nutrition, canned meat and seafood products cater to a wide range of consumer preferences. This category includes canned tuna, salmon, chicken, beef, and various processed meats. The popularity of canned meat and seafood is attributed to its long shelf life, making it an ideal choice for both regular consumption and emergency stockpiling. Additionally, these products are valued for their versatility in creating quick and savory meals, contributing to the segment's sustained growth. The convenience factor and the ability to maintain the nutritional value of meat and seafood make this segment a staple in households and an essential part of the overall market.
The canned fruit and vegetables segment represents a vital and flourishing category within the market. These products, ranging from canned peaches and tomatoes to beans and corn, offer consumers a convenient and reliable source of nutrition. Canning preserves the freshness and flavor of fruits and vegetables, providing year-round accessibility to seasonal produce.
The popularity of this segment is further fueled by the time-saving aspect of ready-to-use canned fruits and vegetables in cooking and snacking. Canned options are particularly appealing to consumers seeking a balance between nutrition, convenience, and extended shelf life. With a diverse array of choices, including organic and low-sodium varieties, canned fruit and vegetables continue to be a go-to solution for health-conscious and time-pressed consumers.
The canned ready meals segment is a rapidly evolving and innovative category that caters to the growing demand for quick, convenient, and flavorful meal solutions. This segment encompasses a broad spectrum of canned products, including soups, stews, pasta dishes, and international cuisines. Canned ready meals provide consumers with a hassle-free dining experience, requiring minimal preparation while offering diverse and appealing flavor profiles.
The convenience factor, coupled with advancements in food processing technology, has led to the creation of healthier and gourmet options within this segment. Canned ready meals align with changing consumer lifestyles, where time constraints often drive the preference for convenient yet satisfying meal choices. As manufacturers continue to introduce new recipes and packaging formats, the canned ready meals segment remains dynamic, offering consumers a diverse and delectable range of dining options.
The conventional segment holds the largest share of the industry, encompassing a wide range of products that are produced using traditional farming methods, including the use of synthetic pesticides and fertilizers. This segment dominates the market due to its accessibility, affordability, and extensive product variety. Conventional canned foods include staples like vegetables, fruits, meats, and ready meals, catering to a broad consumer base with diverse preferences and budget considerations.
While conventional options may not adhere to the same strict standards as organic products, they remain a staple in households worldwide, appealing to consumers who prioritize affordability and availability. The conventional segment's dominance is reflective of its longstanding presence in the market, meeting the demands of a vast and diverse consumer demographic.
On the other hand, the organic segment within the industry represents a growing and increasingly influential category. Organic canned foods are produced without the use of synthetic pesticides, fertilizers, or genetically modified organisms (GMOs). This segment caters to consumers who prioritize environmental sustainability, health-conscious choices, and a preference for products that adhere to organic farming practices.
Organic canned options include fruits, vegetables, meats, and ready meals. The demand for organic canned foods is driven by the rising awareness of the health and environmental benefits associated with organic farming. While this segment may currently hold a smaller market share compared to conventional canned foods, it is experiencing steady growth as consumers seek healthier and ethically produced alternatives.
Supermarkets and hypermarkets stand as the dominant distribution channels for canned products. These large-scale retail outlets offer consumers a comprehensive selection of canned goods, ranging from canned fruits and vegetables to ready meals and meats. The convenience of one-stop shopping, coupled with the extensive shelf space allocated to canned foods, makes supermarkets and hypermarkets a preferred choice for consumers. These outlets often provide promotional displays, discounts, and bulk purchase options, further contributing to the widespread availability and accessibility of canned foods. The supermarket and hypermarket distribution channel serves a broad consumer base, offering a diverse range of brands and product categories.
Convenience stores play a crucial role in the distribution of canned products, providing accessibility and immediate availability to consumers in urban and residential areas. These smaller retail outlets offer a curated selection of canned goods, catering to on-the-go consumers seeking quick and easy meal solutions. The convenience store channel is characterized by its strategic locations, extended operating hours, and a focus on impulse purchases.
Canned snacks, ready-to-eat meals, and single-serving options are often prominently displayed in these stores, targeting consumers looking for immediate and convenient consumption. The convenience store distribution channel complements larger retail outlets by addressing the needs of consumers with specific preferences for quick and effortless shopping experiences.
E-commerce has emerged as a rapidly growing distribution channel for canned products, offering consumers the convenience of online shopping and doorstep delivery. Online platforms provide a wide array of canned options, including specialty and organic products that may not be as readily available in physical stores. The e-commerce channel caters to consumers who prefer the convenience of browsing and purchasing canned goods from the comfort of their homes. Additionally, it allows for easy comparison of prices, product reviews, and the exploration of niche or international brands. The increasing trend towards online grocery shopping, especially after the global pandemic, has significantly contributed to the growth of the e-commerce distribution channel for canned foods.
North America stands as a pivotal region in the market, leading in market share. The region's dominance is attributed to factors such as a high adoption rate of canned products, busy lifestyles, and a strong preference for on-the-go meal solutions. Robust distribution networks, advanced canning technologies, and a diverse range of product offerings contribute to the sustained growth of the market in North America. Consumer demand for convenient, long-lasting food options further propels the market, making it a significant contributor to the overall industry dynamics.
The Asia-Pacific region plays a crucial role in the market, driven by a combination of factors such as changing dietary habits, urbanization, and a growing population. Rapid economic development and an increasing middle-class population contribute to the rising demand for convenient and shelf-stable food products. The canned food market in Asia-Pacific reflects diverse preferences and is characterized by the popularity of canned fruits, vegetables, and ready-to-eat meals. As urbanization continues, the convenience and accessibility of canned foods contribute to the region's substantial market share.
Europe is a key player in the global market, marked by a strong presence and a significant market share. The region's consumers appreciate the convenience and nutritional benefits of canned goods, leading to a consistent demand for a variety of products. Canned vegetables, meats, and ready meals find widespread acceptance, and the market is characterized by a balance between traditional and innovative product offerings. Sustainable packaging practices, coupled with a focus on organic and premium canned products, contribute to the evolving dynamics of the market in Europe.
Latin America contributes significantly to the market, driven by factors such as changing consumer lifestyles, urbanization, and the convenience offered by canned products. Canned beans, fruits, and ready meals are among the popular choices, catering to a diverse consumer base. The region's market is characterized by a mix of traditional preferences and a growing inclination towards modern, time-saving food options. The market in Latin America reflects the region's rich culinary heritage while adapting to evolving consumer demands.
The Middle East and Africa region play a notable role in the global market, exhibiting a steady growth trajectory. Factors such as an increasing population, urbanization, and a rising awareness of convenient food options contribute to the market dynamics. Canned products, including fruits, vegetables, and meats, resonate with consumers seeking longer shelf life and easy storage. As the region experiences economic development and evolving consumer preferences, the canned food market in the Middle East and Africa continues to expand, contributing to the overall diversity and growth of the global industry.
Moreover, key players prioritize sustainability by adopting eco-friendly packaging and engaging in responsible sourcing practices. Marketing efforts emphasize the convenience, nutritional value, and extended shelf life of canned foods, aligning with changing consumer lifestyles. By actively participating in industry events, and conferences, and leveraging digital platforms, these players stay attuned to market dynamics, enabling them to adapt swiftly to emerging trends.
The market research report has provided a comprehensive analysis of the competitive landscape. Detailed profiles of all major companies have also been provided. Some of the key players in the market include:
2. What is the expected growth rate of the global canned food market during 2024-2032?
3. What has been the impact of COVID-19 on the global canned food market?
4. What are the key factors driving the global canned food market?
5. What is the breakup of the global canned food market based on the product type?
6. What is the breakup of the global canned food market based on the type?
7. What is the breakup of the global canned food market based on the distribution channel?
8. What are the key regions in the global canned food market?
9. Who are the key players/companies in the global canned food market?
Canned Food Market Analysis:
- Market Growth and Size: The global market is experiencing robust growth, driven by the increasing demand for convenient and long-shelf-life food products.
- Major Market Drivers: Key drivers include the rising consumer preference for ready-to-eat meals, busy lifestyles, and the convenience offered by canned food products. Additionally, the growing awareness of food preservation techniques contributes to market expansion.
- Technological Advancements: Technological advancements, such as innovative packaging solutions, improved canning techniques, and enhanced food processing methods, play a pivotal role in shaping the market landscape.
- Industry Applications: They find applications across various sectors, including retail, hospitality, and emergency food supplies. Their extended shelf life and easy storage make them a reliable choice for consumers and businesses alike.
- Key Market Trends: Key trends include the growing popularity of organic and premium canned products, an emphasis on sustainable packaging, and the introduction of new flavor variants and product innovations.
- Geographical Trends: Geographically, North America is witnessing substantial market growth, driven by the high adoption rate of canned products, busy lifestyles, and a preference for on-the-go meal solutions. Europe and Asia-Pacific regions are also significant contributors to the global market, influenced by changing consumer preferences and urbanization.
- Competitive Landscape: The competitive landscape is characterized by the presence of major players. These companies focus on strategic partnerships, product launches, and mergers to maintain a competitive edge.
- Challenges and Opportunities: Challenges include addressing concerns related to the nutritional value of canned foods and overcoming competition from alternative packaging methods. However, opportunities lie in expanding product portfolios, catering to niche markets, and leveraging e-commerce platforms for increased market reach.
- Future Outlook: The future outlook for the market remains optimistic, with sustained growth expected. Continued consumer demand for convenient and long-lasting food options, coupled with ongoing technological advancements, is projected to drive further market expansion. As the industry adapts to changing consumer preferences and addresses sustainability concerns, it is poised for a dynamic and evolving future.
Canned Food Market Trends:
Convenience and shelf life
One of the primary factors driving the canned food market is the inherent convenience and extended shelf life offered by these products. Canned foods provide consumers with quick and easy meal solutions, requiring minimal preparation time. The sealed, airtight packaging ensures a longer shelf life, preserving the nutritional content of the food and reducing food waste. This convenience aligns with the busy lifestyles of modern consumers, making canned foods a popular choice for those seeking efficient and time-saving meal options. The ability to stock up on non-perishable canned goods also appeals to consumers for emergency preparedness and long-term storage.Changing consumer lifestyles
Evolving consumer lifestyles, characterized by busier schedules, increased urbanization, and a growing emphasis on on-the-go eating, significantly contribute to the growth of the canned food market. The demand for ready-to-eat meals has surged as consumers seek convenient alternatives that require minimal cooking or preparation. Canned foods cater to this need, providing a diverse range of products, including soups, vegetables, fruits, and proteins, that align with the changing dietary habits and preferences of a fast-paced society.Innovation in product offerings
Ongoing innovation in canned food products plays a pivotal role in driving market growth. Manufacturers are continually introducing new flavors, formulations, and packaging options to cater to diverse consumer preferences. The development of organic and premium canned goods addresses the increasing demand for healthier and high-quality food options. Moreover, technological advancements in canning processes, such as improved preservation techniques and sustainable packaging solutions, contribute to the market's dynamism. As consumer tastes evolve and awareness of sustainability increases, the industry's commitment to innovation ensures that canned food remains a relevant and adaptable choice for a broad spectrum of consumers.Canned Food Industry Segmentation:
The publisher provides an analysis of the key trends in each segment of the market, along with forecasts at the global, regional, and country levels for 2024-2032. Our report has categorized the market based on product type, type, and distribution channel.Breakup by Product Type:
- Canned Meat and Seafood
- Canned Fruit and Vegetables
- Canned Ready Meals
- Others
Canned meat and seafood accounts for the majority of the market share
The canned meat and seafood segment is a significant and diverse component of the market. Offering convenience without compromising on taste and nutrition, canned meat and seafood products cater to a wide range of consumer preferences. This category includes canned tuna, salmon, chicken, beef, and various processed meats. The popularity of canned meat and seafood is attributed to its long shelf life, making it an ideal choice for both regular consumption and emergency stockpiling. Additionally, these products are valued for their versatility in creating quick and savory meals, contributing to the segment's sustained growth. The convenience factor and the ability to maintain the nutritional value of meat and seafood make this segment a staple in households and an essential part of the overall market.
The canned fruit and vegetables segment represents a vital and flourishing category within the market. These products, ranging from canned peaches and tomatoes to beans and corn, offer consumers a convenient and reliable source of nutrition. Canning preserves the freshness and flavor of fruits and vegetables, providing year-round accessibility to seasonal produce.
The popularity of this segment is further fueled by the time-saving aspect of ready-to-use canned fruits and vegetables in cooking and snacking. Canned options are particularly appealing to consumers seeking a balance between nutrition, convenience, and extended shelf life. With a diverse array of choices, including organic and low-sodium varieties, canned fruit and vegetables continue to be a go-to solution for health-conscious and time-pressed consumers.
The canned ready meals segment is a rapidly evolving and innovative category that caters to the growing demand for quick, convenient, and flavorful meal solutions. This segment encompasses a broad spectrum of canned products, including soups, stews, pasta dishes, and international cuisines. Canned ready meals provide consumers with a hassle-free dining experience, requiring minimal preparation while offering diverse and appealing flavor profiles.
The convenience factor, coupled with advancements in food processing technology, has led to the creation of healthier and gourmet options within this segment. Canned ready meals align with changing consumer lifestyles, where time constraints often drive the preference for convenient yet satisfying meal choices. As manufacturers continue to introduce new recipes and packaging formats, the canned ready meals segment remains dynamic, offering consumers a diverse and delectable range of dining options.
Breakup by Type:
- Organic
- Conventional
Conventional holds the largest share of the industry
The conventional segment holds the largest share of the industry, encompassing a wide range of products that are produced using traditional farming methods, including the use of synthetic pesticides and fertilizers. This segment dominates the market due to its accessibility, affordability, and extensive product variety. Conventional canned foods include staples like vegetables, fruits, meats, and ready meals, catering to a broad consumer base with diverse preferences and budget considerations.
While conventional options may not adhere to the same strict standards as organic products, they remain a staple in households worldwide, appealing to consumers who prioritize affordability and availability. The conventional segment's dominance is reflective of its longstanding presence in the market, meeting the demands of a vast and diverse consumer demographic.
On the other hand, the organic segment within the industry represents a growing and increasingly influential category. Organic canned foods are produced without the use of synthetic pesticides, fertilizers, or genetically modified organisms (GMOs). This segment caters to consumers who prioritize environmental sustainability, health-conscious choices, and a preference for products that adhere to organic farming practices.
Organic canned options include fruits, vegetables, meats, and ready meals. The demand for organic canned foods is driven by the rising awareness of the health and environmental benefits associated with organic farming. While this segment may currently hold a smaller market share compared to conventional canned foods, it is experiencing steady growth as consumers seek healthier and ethically produced alternatives.
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Convenience Stores
- E-commerce
- Others
Supermarkets and hypermarkets represent the leading market segment
Supermarkets and hypermarkets stand as the dominant distribution channels for canned products. These large-scale retail outlets offer consumers a comprehensive selection of canned goods, ranging from canned fruits and vegetables to ready meals and meats. The convenience of one-stop shopping, coupled with the extensive shelf space allocated to canned foods, makes supermarkets and hypermarkets a preferred choice for consumers. These outlets often provide promotional displays, discounts, and bulk purchase options, further contributing to the widespread availability and accessibility of canned foods. The supermarket and hypermarket distribution channel serves a broad consumer base, offering a diverse range of brands and product categories.
Convenience stores play a crucial role in the distribution of canned products, providing accessibility and immediate availability to consumers in urban and residential areas. These smaller retail outlets offer a curated selection of canned goods, catering to on-the-go consumers seeking quick and easy meal solutions. The convenience store channel is characterized by its strategic locations, extended operating hours, and a focus on impulse purchases.
Canned snacks, ready-to-eat meals, and single-serving options are often prominently displayed in these stores, targeting consumers looking for immediate and convenient consumption. The convenience store distribution channel complements larger retail outlets by addressing the needs of consumers with specific preferences for quick and effortless shopping experiences.
E-commerce has emerged as a rapidly growing distribution channel for canned products, offering consumers the convenience of online shopping and doorstep delivery. Online platforms provide a wide array of canned options, including specialty and organic products that may not be as readily available in physical stores. The e-commerce channel caters to consumers who prefer the convenience of browsing and purchasing canned goods from the comfort of their homes. Additionally, it allows for easy comparison of prices, product reviews, and the exploration of niche or international brands. The increasing trend towards online grocery shopping, especially after the global pandemic, has significantly contributed to the growth of the e-commerce distribution channel for canned foods.
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
North America leads the market, accounting for the largest canned food market share
North America stands as a pivotal region in the market, leading in market share. The region's dominance is attributed to factors such as a high adoption rate of canned products, busy lifestyles, and a strong preference for on-the-go meal solutions. Robust distribution networks, advanced canning technologies, and a diverse range of product offerings contribute to the sustained growth of the market in North America. Consumer demand for convenient, long-lasting food options further propels the market, making it a significant contributor to the overall industry dynamics.
The Asia-Pacific region plays a crucial role in the market, driven by a combination of factors such as changing dietary habits, urbanization, and a growing population. Rapid economic development and an increasing middle-class population contribute to the rising demand for convenient and shelf-stable food products. The canned food market in Asia-Pacific reflects diverse preferences and is characterized by the popularity of canned fruits, vegetables, and ready-to-eat meals. As urbanization continues, the convenience and accessibility of canned foods contribute to the region's substantial market share.
Europe is a key player in the global market, marked by a strong presence and a significant market share. The region's consumers appreciate the convenience and nutritional benefits of canned goods, leading to a consistent demand for a variety of products. Canned vegetables, meats, and ready meals find widespread acceptance, and the market is characterized by a balance between traditional and innovative product offerings. Sustainable packaging practices, coupled with a focus on organic and premium canned products, contribute to the evolving dynamics of the market in Europe.
Latin America contributes significantly to the market, driven by factors such as changing consumer lifestyles, urbanization, and the convenience offered by canned products. Canned beans, fruits, and ready meals are among the popular choices, catering to a diverse consumer base. The region's market is characterized by a mix of traditional preferences and a growing inclination towards modern, time-saving food options. The market in Latin America reflects the region's rich culinary heritage while adapting to evolving consumer demands.
The Middle East and Africa region play a notable role in the global market, exhibiting a steady growth trajectory. Factors such as an increasing population, urbanization, and a rising awareness of convenient food options contribute to the market dynamics. Canned products, including fruits, vegetables, and meats, resonate with consumers seeking longer shelf life and easy storage. As the region experiences economic development and evolving consumer preferences, the canned food market in the Middle East and Africa continues to expand, contributing to the overall diversity and growth of the global industry.
Leading Key Players in the Canned Food Industry:
The key players in the market are driving growth through strategic initiatives that leverage market trends and consumer preferences. These industry leaders, including major companies, focus on product innovation, expanding their product portfolios to meet evolving consumer demands. Investments in research and development lead to technological advancements, improving canning processes and packaging solutions. Strategic partnerships and mergers enhance market presence and distribution networks, ensuring broader product accessibility.Moreover, key players prioritize sustainability by adopting eco-friendly packaging and engaging in responsible sourcing practices. Marketing efforts emphasize the convenience, nutritional value, and extended shelf life of canned foods, aligning with changing consumer lifestyles. By actively participating in industry events, and conferences, and leveraging digital platforms, these players stay attuned to market dynamics, enabling them to adapt swiftly to emerging trends.
The market research report has provided a comprehensive analysis of the competitive landscape. Detailed profiles of all major companies have also been provided. Some of the key players in the market include:
- Ayam Sarl
- Bonduelle
- Campbell Soup Company
- CHB Group
- Danish Crown AmbA
- Del Monte Foods Inc.
- JBS S.A.
- Nestlé S.A
- Princes Foods (Mitsubishi Corporation)
- Thai Union Group PCL
- The Bolton Group
- The Kraft Heinz Company
Latest News:
- June 30, 2022: Bonduelle announced the sale of 65% of Bonduelle Americas Long Life to the Fonds de solidarité FTQ and CDPQ.
- February 22, 2024: Campbell Soup Company and Parks Project unveiled the exclusive ‘Winter Warmth’ capsule collection.
- January 11, 2023: CHB Group hosted its long and fruitful partner doTerra to its premises in Nafplio.
Key Questions Answered in This Report
1. What was the size of the global canned food market in 2023?2. What is the expected growth rate of the global canned food market during 2024-2032?
3. What has been the impact of COVID-19 on the global canned food market?
4. What are the key factors driving the global canned food market?
5. What is the breakup of the global canned food market based on the product type?
6. What is the breakup of the global canned food market based on the type?
7. What is the breakup of the global canned food market based on the distribution channel?
8. What are the key regions in the global canned food market?
9. Who are the key players/companies in the global canned food market?
Table of Contents
1 Preface3 Executive Summary11 Value Chain Analysis13 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Canned Food Market
6 Market Breakup by Product Type
7 Market Breakup by Type
8 Market Breakup by Distribution Channel
9 Market Breakup by Region
10 SWOT Analysis
12 Porters Five Forces Analysis
14 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Ayam Sarl
- Bonduelle
- Campbell Soup Company
- CHB Group
- Danish Crown AmbA
- Del Monte Foods Inc.
- JBS S.A.
- Nestlé S.A
- Princes Foods (Mitsubishi Corporation)
- Thai Union Group PCL
- The Bolton Group
- The Kraft Heinz Company
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 141 |
| Published | August 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 99.3 Billion |
| Forecasted Market Value ( USD | $ 122.8 Billion |
| Compound Annual Growth Rate | 2.4% |
| Regions Covered | Global |
| No. of Companies Mentioned | 12 |
