The U.S. canned food market size is expected to reach USD 41.0 billion by 2030, registering a CAGR of 5.5%. owing to the rise in demand for convenience food products which in turn is expected to have a positive impact on industry growth.
The market is subjected to regulations on food quality and processing, for safe consumption. The regulations are spread over to processing, harvesting and canning of food products according to the regional presence. Large number of imports are noted for the U.S. from Asia Pacific region and thus the companies need to abide to the rules mentioned by the U.S.
The industry in U.S. is subjected to regulations concerning the ingredients and their composition, safety, packaging, and labeling of canned foods by the U.S. FDA. The FDA regulations specifies the standards to maintain the quality of canned foods sold by various companies, and also prescribes the format of information displayed on the product labels.
The industry exhibits the presence of a significant number of substitutes in frozen and dried products category. The players are involved in drying of products that provide similar benefits of convenience and extended storage lifetimes. The price of substitutes is found to be in similar range as canned food and thus switching cost is less leading to a lower threat of substitutes.
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The market is subjected to regulations on food quality and processing, for safe consumption. The regulations are spread over to processing, harvesting and canning of food products according to the regional presence. Large number of imports are noted for the U.S. from Asia Pacific region and thus the companies need to abide to the rules mentioned by the U.S.
The industry in U.S. is subjected to regulations concerning the ingredients and their composition, safety, packaging, and labeling of canned foods by the U.S. FDA. The FDA regulations specifies the standards to maintain the quality of canned foods sold by various companies, and also prescribes the format of information displayed on the product labels.
The industry exhibits the presence of a significant number of substitutes in frozen and dried products category. The players are involved in drying of products that provide similar benefits of convenience and extended storage lifetimes. The price of substitutes is found to be in similar range as canned food and thus switching cost is less leading to a lower threat of substitutes.
U.S. Canned Food Market Report Highlights
- The ready meals market is expected to witness significant growth at a CAGR of 6.5% over the forecast period owing to the widespread demand from the working class population.
- Conventional food secured the dominant market share with 87.7% in 2023. These foods are produced by using traditional farming methods and are more accessible and cost-effective compared to their organic counterparts.
- The retail segment registered the dominant market share with 68.7% in 2023. Large-scale retail channels such as supermarkets & hypermarkets, and convenience stores offer convenient and one-stop shopping experiences for consumers.
The leading players in the U.S. Canned Food market include:
- Bumble Bee Seafoods
- StarKist Co
- ICICLE SEAFOODS, INC.
- LDH (La Doria) Ltd
- Thai Union Frozen Products
- American Tuna, Inc.
- Tri Marine Group
- NIPPON SUISAN KAISHA, LTD
- Conagra Brands, Inc.
- Connors Bros. Ltd.
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- Comprehensive Market Analysis: Gain detailed insights into the global market across major regions and segments.
- Competitive Landscape: Explore the market presence of key players worldwide.
- Future Trends: Discover the pivotal trends and drivers shaping the future of the global market.
- Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions.
This report addresses:
- Market intelligence to enable effective decision-making
- Market estimates and forecasts from 2018 to 2030
- Growth opportunities and trend analyses
- Segment and regional revenue forecasts for market assessment
- Competition strategy and market share analysis
- Product innovation listing for you to stay ahead of the curve
- COVID-19's impact and how to sustain in these fast-evolving markets
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Table of Contents
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. U.S. Canned Foods Market Variables, Trends, & Scope
Chapter 4. U.S. Canned Foods Market: Type Estimates & Trend Analysis
Chapter 5. U.S. Canned Foods Market: Product Estimates & Trend Analysis
Chapter 6. U.S. Canned Foods Market: Distribution Channel Estimates & Trend Analysis
Chapter 7. Competitive Landscape
Companies Mentioned
The leading players in the U.S. Canned Food market include:- Bumble Bee Seafoods
- StarKist Co
- ICICLE SEAFOODS, INC.
- LDH (La Doria) Ltd
- Thai Union Frozen Products
- American Tuna, Inc.
- Tri Marine Group
- NIPPON SUISAN KAISHA, LTD
- Conagra Brands, Inc.
- Connors Bros. Ltd.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 100 |
| Published | September 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 28.4 Billion |
| Forecasted Market Value ( USD | $ 41 Billion |
| Compound Annual Growth Rate | 5.5% |
| Regions Covered | United States |
| No. of Companies Mentioned | 11 |
