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Canned Food Market Size to Reach USD 100.92 Billion by 2027; Increasing Adoption of Fast-paced Lifestyle Habits Will Lead to a Wider Consumption

July 09, 2020 | Food & Beverages

The global canned food market size is projected to reach USD 100.92 billion by the end of 2027. Recent advances in the material associated with the manufacturing of cans will bode well for market growth. According to a report published by Fortune Business Insights, titled “Canned Food Market Size, Share & COVID-19 Impact Analysis, By Type (Canned Seafood, Canned Fruits and Vegetables, Canned Meat, and Others), Distribution Channel (Supermarkets/ Hypermarkets, Specialty Stores, and Online Retail), and Regional Forecast, 2020 – 2027,” the market was worth USD 91.90 in 2019 and will exhibit a CAGR of 1.30% during the forecast period, 2020-2027.


Canned foods have witnessed massive popularity in the past few decades, accounting to factors such as fast-paced and on-the-go lifestyles. The availability of healthy canned food has led to a wider consumption across the world. The increasing demand for clean-labelled foods has in turn, created a demand for canned foods. The presence of several large scale vendors across the world will contribute to the growth of the overall market in the coming years. Recent advances in manufacturing techniques as well as material used in packaging will cater to the growing demand for health-friendly and sustainable products. The availability of organic and long-lasting canned foods has contributed to the growing consumption across the world. Additionally, factors such as variations in product offerings as well as low-cost will have a positive impact on the growth of the overall market in the coming years.


Baxter Announces New Range of Vegan Canned Soups


The report highlights a few of the major industry developments of recent times that have made a huge impact on the growth of the overall market. Accounting to the increasing demand across the world, manufacturers are looking to adopt newer strategies that will help them establish a stronghold in the competitive market. In April 2020l, Baxter announced the launch of a new range of vegan tin-canned soups. The step was taken with a view to capitalizing on the coronavirus outbreak. As people have been forced to stay indoors, the consumption of packed foods has increased dramatically and this will help the company generate massive sales in the coming months. The company introduced three new flavors in the market, with a view to acquiring a wider consumer base. Baxter’s latest range of canned soups will not just help the company grow, but will also have a direct impact on the growth of the overall market in the coming years.


To get a detailed report summary and research scope of this market, click here:


https://www.fortunebusinessinsights.com/canned-food-market-103258


Major Companies are Shifting their Focus on Innovative Products


The increasing demand for canned foods has created a massive platform for the growth of the companies operating in the market. Due to the heavy product demand, there are several companies in the market that are operating across the globe. As a result, several companies are looking to adopt strategies that will help them establish a formidable stand in the market. It is observed that several companies are looking to introduce newer products with a view to acquiring a wider consumer base.


List of companies profiled in the report:



  • The Kraft Heinz Company (United States)

  • Bolton Group S.r.l. (Italy)

  • Campbell Soup Company (United States)

  • Conagra Brands, Inc (United States)

  • Nestlé (Switzerland)

  • Danish Crown AmbA (Denmark)

  • Del Monte Foods, Inc (United States)

  • JBS USA Holdings, Inc. (United States)

  • Ayam Brand (Singapore)

  • Holyland Marketing Private Limited (India)


Industry Developments:



  • February 2020: B&G Foods, a US-based, global producer of canned vegetables announced that it has completed the acquisition of Farmwise LLC; a step that is taken to expand its plant-based product portfolio.


This global market is segmented on the basis of:








































 ATTRIBUTE



  DETAILS



Study Period



  2016-2027



Base Year



  2019



Forecast Period



  2020-2027



Historical Period



  2016-2018



Unit



  Value (USD Billion)



Segmentation



By Type



  • Canned Seafood

  • Canned Vegetables and Fruits

  • Canned Meat

  • Others



By Distribution Channel



  • Supermarkets/Hypermarkets

  • Specialty Stores

  • Online Retail



By Region



  • North America (U.S., Canada, and Mexico)

  • Europe (U.K., France, Italy, Spain, Germany, Russia, and the Rest of Europe)

  • Asia-Pacific (China, India, Japan, Australia, and the Rest of Asia- Pacific)

  • South America (Brazil, Argentina, and the Rest of South America)

  • Middle East & Africa (South Africa, UAE, and the Rest of the MEA)


Canned Food Market
  • PDF
  • 2019
  • 2016-2018
  • 150

    CHOOSE LICENSE TYPE

  • 4850
    6850
    8850

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