Australia Canned Food Market - Forecasts from 2022 to 2027

Australia canned food market was valued at US$648.020 million in 2020.

Canned food products such as fruits and vegetables undergo a process that increases their shelf life. These cans can be stored for months or years, and along with it, they are easily available throughout the year, in all seasons, and therefore people find them very convenient to use. In Australia, cans are made of tin-coated steel. Canned fruits and vegetables are also as nutritious and healthy as fresh and frozen ones. The number of minerals, fat-soluble vitamins, protein, fat, and carbohydrate remains relatively unchanged by the process of canning.

Increasing health concerns and hectic lifestyles would fuel the market for expansion

Due to hectic lifestyles, people look for alternatives that are less time-consuming but also beneficial at the same time. Due to growing health concerns, an inclination towards healthy eating can be witnessed, therefore affordable and convenient food options such as canned fruits solve their dilemma.

Market Developments:

• In March 2022, Australia’s oldest provider of preserved fruit, SPC announced the launch of the country’s first Baked Beans with VEGEMITE. The Australian-made SPC and VEGEMITE baked bean cans has rich protein source along with fiber. The product is 99% fat-free, and it doesn’t contain artificial flavors. Additionally, the product is easy to use as they only have to heat it before consuming it.
• In December 2021, Spur Tree Spices, a Jamaica-owned sauce manufacturer, entered the Australian market as an exporter. However, it announced the launch of a variety of frozen food, and canned beans, following its initial public offering as it goes into expansion mode. The manufacturer plans to use the money raised from the initial public offering (IPO) for innovation, expansion, funding capacity building and repaying the existing debt.
• In April 2019, Coles signed a partnership agreement with one of Australia’s oldest providers of preserved fruit, SPC. Through this partnership, Cole has introduced a new range in the category of canned fruits. The partnership has formed a brand, under which the products will be launched, and the products were available at Coles supermarkets nationally. The canned fruits include 100% Australian peaches, apricots, and pears. The partnership is undertaken to provide a boost for Australian home-grown fruits. Along with peaches, apricots, and pears the food range also offers canned fruit salad as one of its options. The agreement will allow farmers to sell fruit from more than 36,000 trees.

COVID-19 Scenario

When the pandemic hit the globe, it changed the consumer’s eating habits as well as their preferences. As there were food shortages due to the lockdown, it caused huge difficulty in the transit of food items from the production unit to the stores. As canned food has a longer shelf life, they were widely used. In the early days of the pandemic, many people stockpiled food items such as peas, soups, and other canned food products. Therefore, this market had a positive COVID impact.

Market Segmentation:

By Type

• Organic
• Inorganic

By Product Type

• Canned Meat
• Canned Fish/Seafood
• Canned Fruits and Vegetables
• Canned Beans and Legumes
• Others

By Distribution Channel

• Offline
• Online