Canned Lamb Market Report 2024

The canned lamb market size has grown strongly in recent years. It will grow from $1.48 billion in 2023 to $1.55 billion in 2024 at a compound annual growth rate (CAGR) of 5%. During the historic period, growth in the canned lamb market can be attributed to several factors including increased demand for convenience foods, rapid urbanization, heightened stockpiling and demand for non-perishable foods during events such as COVID-19, rising consumer awareness of the nutritional benefits of lamb, and improved economic conditions in developing countries.

The canned lamb market size is expected to see strong growth in the next few years. It will grow to $1.89 billion in 2028 at a compound annual growth rate (CAGR) of 5.1%. In the forecast period, growth in the canned lamb market can be attributed to several factors including a growing emphasis on protein-rich diets, ongoing advancements in canning processes and preservation techniques, aggressive marketing and promotional efforts, increased popularity of paleo and keto diets driving demand, and global concerns about food security favoring long-shelf-life products. Major trends expected in this period include innovations in canning technology to enhance product quality and shelf life, expanding sales through online platforms to reach a broader consumer base, introduction of new flavors to cater to diverse tastes, and the development of grass-fed options to meet evolving consumer preferences for high-quality and sustainable food choices.

The canned lamb market is expected to grow due to increasing meat consumption driven by rising incomes, urbanization, and shifting global dietary preferences. Canned lamb offers a convenient and durable option for consumers, enhancing accessibility and availability of meat products. For example, according to the Food and Agriculture Organization's data in July 2023, global meat production reached 365 million metric tons (carcass weight equivalent) in 2022, marking a 0.8% increase from 2021. This trend underscores how the growing consumption of meat will propel the canned lamb market forward.

Leading companies in the canned lamb market are focusing on innovation to meet the rising demand for healthier and more sustainable food choices, such as organic canned lamb. Organic canned lamb refers to lamb meat raised without synthetic pesticides, hormones, or antibiotics, adhering to organic farming standards during processing and preservation. For instance, Future Meat Technologies, an Israel-based biotechnology company specializing in cultured meat, introduced lab-cultivated lamb meat in October 2022 using non-GMO technology. This meat can be utilized as an alternative for applications such as burgers and kababs.

In October 2022, Saudi Agricultural and Livestock Investment Company (SALIC) and Minerva S.A., a Brazil-based food company, jointly acquired Australian Lamb Company Pty Ltd. for $258 million. This acquisition expands Minerva Foods Australia's lamb processing capabilities, complementing its existing portfolio with two processing plants in Western Australia. Australian Lamb Company Pty Ltd. is a prominent lamb processing firm based in Australia.

Major companies operating in the canned lamb market are Tyson Foods Inc., Hormel Foods Corp., Perdue Farms Inc., Alliance Group Limited, AFFCO Holdings Limited, Stahly Quality Foods Ltd., Treats Unleashed Inc., Evanger's Dog And Cat Food Co., Tuffy's Pet Foods Inc., Muhubrands.com, New Zealand Lamb Company, AlexMeat & Provision Inc., Calibra Inc., Hound & Gatos Company, Wellness Pet Company Inc., Perfect Companion Group (PCG), Fortan GmbH & Co. KG., SmartHeart Pro, Caledonian Kitchen Limited, Leos Pet Her Hakk Sakldr.

North America was the largest region in the canned lamb market in 2023. Asia-Pacificis expected to be the fastest-growing region in the forecast period. The regions covered in the canned lamb market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the canned lamb market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Canned lamb is lamb meat that undergoes cooking, processing, and sealing in cans to extend its shelf life and preserve its flavor and nutrients. This product is widely used in various culinary preparations such as stews and soups, offering convenience and long-term storage benefits.

The primary types of canned lamb include fresh and frozen varieties. Fresh canned lamb involves cooking and canning lamb meat shortly after slaughter to maintain its freshness and quality. It finds applications in ready meals, restaurants, catering services, and emergency food supplies, and is distributed through supermarkets, hypermarkets, convenience stores, independent retailers, and online platforms. End users include both humans and animals.

The canned lamb research report is one of a series of new reports that provides canned lamb market statistics, including the canned lamb industry's global market size, regional shares, competitors with a canned lamb market share, detailed canned lamb market segments, market trends and opportunities, and any further data you may need to thrive in the canned lamb industry. This canned lamb market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The canned lamb market consists of sales of chunks, slices, shredded lamb, and stew. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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