Canned Preserved Food Market - Forecast(2023 - 2028)
Canned Preserved Food Market Overview
The Canned Preserved Food Market is estimated to reach $136.1
billion by 2030, growing at a CAGR of 4.3% over the forecast period 2023-2030.
A method of preserving a wide variety of food items is called canning, which
involves packing food items into jars or cans and heating them correctly to a set
temperature. Picked at their ripest, fruits and vegetables for canning are
packed as soon as they are ready. The majority of people in developed countries
consume a sizable portion of their diet from canned goods since they provide
year-round access to food in a convenient manner. To maintain the food's safety
and quality, high heat inactivates enzymes and eliminates germs. Some examples
of canned preserved food products sold in specialty stores, supermarkets/hypermarkets
and online retail are canned fruits and vegetables, canned seafood and canned meat. The rise in the consumption of canned food
products across the globe due to the busy lifestyle of individuals is poised
to boost the growth of the Canned Preserved Food industry.
Canned Preserved Food Market Report Coverage
The report: “Canned Preserved Food Market – Forecast (2023-2030)” by IndustryARC, covers an in-depth
analysis of the following segments in the Canned Preserved Food Market.
Key Takeaways
- North America held the largest share of the Canned Preserved Food Market in 2022, owing to the rising popularity of ready-to-cook and ready-to-eat food products due to busy lifestyles.
- Canned food was favored by consumers who chose to work from home or stay at home since it is quick and simple to prepare.
- Additionally, restaurants curtailed service to prevent a rise in coronavirus cases, encouraging people to cook at home and boosting demand for canned, preserved food items.
- A detailed
analysis of strengths, weaknesses, opportunities and threats would be provided
in the Canned Preserved Food Market Report.
Canned Preserved Food Market: Market Share (%) by Region, 2022
Canned Preserved Food Market Segment Analysis – by Product:
Based on Product, the Canned Preserved Food Market is further segmented into Canned Meat, Canned Fruits and
Vegetables, Canned Seafood, Canned Beans and Legumes, Canned Ready Meals and Others. The Canned Seafood segment held the largest revenue share of the Canned Preserved Food Market in 2022. Due to increased consumer knowledge of the health advantages of fish
and seafood as well as better distribution infrastructure, the demand for
canned seafood has been steadily increasing. According to the Food and
Agriculture Organization of the United Nations, in 2020, the United States
imported 15% more canned tuna.
However, owing to the increased demand for convenient food products, the canned ready meals segment is anticipated to grow at the quickest rate of 6.0% over the forecast period 2023-2030. This is due to the busy lives of working people and college students, as well as the evolving food tastes of customers toward ready-to-eat food products.
Canned Preserved Food Market Segment Analysis – by Distribution Channel:
Based on Distribution Channel, the Canned Preserved Food Market is further segmented into Supermarkets/Hypermarkets, Specialty Stores, Online Retail and Others. The Supermarkets/Hypermarkets segment held the largest revenue share of the Canned Preserved Food Market in 2022. In industrialized nations like the U.K. and the U.S., canned preserved food products are becoming more popular. Also, most supermarkets, hypermarkets and convenience stores carry their range of Canned Preserved Food items. However, the online distribution channel is anticipated to have the highest CAGR of 5.5% over the forecast period 2023-2030. The overall demand for Canned Preserved Food products has been increasing via internet channels. The segment is growing since major supermarkets and hypermarkets like Walmart, Target and Aldi all provide online delivery.
Canned Preserved Food Market Segment Analysis – by Geography:
Based on Geography, North America Canned Preserved Food Market accounted for 35% of the revenue share in 2022. This is due to the increased working population and evolving lifestyles. The region's product demand is being driven by customers' changing food tastes as a result of rising health consciousness and worries about food safety. Food products that are ready to eat are growing more and more common because of their convenience and accessibility to new products. According to USA Today, in 2020, the most popular canned food items in America were soups, tuna and tomatoes. Canned food is so ubiquitous that the majority of Americans use it even when they cook at home. However, the Asia-Pacific region is poised to grow with the fastest CAGR over the forecast period 2023-2030. The adoption of canned fish products is rising as a result of the region's abundance of canneries and significant supply of raw materials for aquaculture.
Canned Preserved Food Market - Drivers
The Extensive Use of Canned Food Items around the World due to the Availability of Canneries:
The widespread use of canned fish products is
a result of the abundance of canneries and a substantial supply of raw materials
for aquaculture. The Marine Products Export Development Authority (MPEDA)
estimates that India exported 13.6 lakh metric tons of seafood valued at US$7.76
billion in 2022 and predicts a 12.6% increase by the end of 2032. Additionally,
the market is primarily driven by the rising demand for canned fish that is
ready to cook in emerging nations. Europe is one of the key markets for
Canned Preserved Food owing to the region's strong consumption of canned food.
Improved Distribution Infrastructure:
The expansion of the Canned Preserved Food Industry
is driven by the rising popularity of canned food products that are ready to
cook and eat. This can be attributed to improvements in the distribution
infrastructure. The distribution of canned preserved food has increased
dramatically due to the growing number of supermarkets, hypermarkets,
convenience stores, grocery stores and small shops across numerous locations.
Supermarket News said that in February 2021, convenience stores were the
primary consumers of canned fish, while the retail industry controlled about
48% of the distribution market. Additionally, the increase in food services is
a sign of the expansion of canned seafood sales through the food service distribution channel. As of 2022, there were 107,541 chain restaurants in the
US, up by 1.6% from 2021, according to the U.S. Census Bureau. This enhanced
channel of distribution is accelerating market expansion.
Canned Preserved Food Market - Challenge
Risk of Hypertension due to High Sodium Concentration Present in Canned Food:
Most canned food products have sodium added by the manufacturer
to aid in the preservation process. Additionally, it is added to improve
flavor. Some of the natural flavors vanish when commercial canned soups are
heated at a high temperature for an extended period of time to eliminate
possibly hazardous bacteria. According to the Centers for Disease Control
(CDC), over 47% of adults in the U.S. or 116 million people have high blood
pressure, also referred to as hypertension. Hypertension was the main factor in
more than 670,000 fatalities in the United States in 2020. Only about
one-quarter (24%) of people with hypertension have their condition under
control. Therefore, the sodium content in canned food is hindering the market
growth.
Key Market Players
Product launches, mergers and acquisitions,
joint ventures and geographical expansions are key strategies adopted by
players in the Canned Preserved Food Market. The top 10 companies in the
Canned Preserved Food Market are:
- Campbell Soup Company
- Ayam Sarl
- Danish Crown
- CHB Group
- JBS
- Conagra Brands, Inc.
- The Kraft Heinz Company
- Del Monte Foods, Inc
- Princes Foods, Nestle S.A.
- Bumble Bee Seafoods, LLC
Recent Developments
- In December 2021, the canned fish manufacturer Karavela created a line of yellow pea-based canned seafood items.
- In May 2021, for sustainable sourcing, Bumble Bee Seafoods, LLC acquired the Marine Stewardship Council (MSC) and other certification programs recognized by the Global Sustainable Seafood Initiative (GSSI).
- In September 2020, the Indonesian government-owned meat processing business Dharma introduced canned beef, sardine and chicken meat under the "DJ Food" brand.
Related Reports
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Report Code: FBR 0030
For more Food and Beverage Market reports, please click here
LIST OF TABLES
1.Global Market Segmentation by Type Market 2019-2024 ($M)1.1 Canned Meat Market, Market 2019-2024 ($M) - Global Industry Research
1.2 Canned Fish Market, Market 2019-2024 ($M) - Global Industry Research
1.3 Canned Fruits Market, Market 2019-2024 ($M) - Global Industry Research
1.4 Canned Vegetable Market, Market 2019-2024 ($M) - Global Industry Research
2.Global Major Vendors Market 2019-2024 ($M)
2.1 BRF S.A. Market 2019-2024 ($M) - Global Industry Research
2.2 Maple Leaf Foods Inc. Market 2019-2024 ($M) - Global Industry Research
2.3 Dole Food Company Inc. Market 2019-2024 ($M) - Global Industry Research
2.4 Campbell Soup Co. Market 2019-2024 ($M) - Global Industry Research
2.5 Pinnacle Foods Inc. Market 2019-2024 ($M) - Global Industry Research
2.6 BG Food Holdings Corp. Market 2019-2024 ($M) - Global Industry Research
2.7 MTR Foods Pvt. Ltd. Market 2019-2024 ($M) - Global Industry Research
2.8 H.J. Heinz Co. Market 2019-2024 ($M) - Global Industry Research
2.9 DelMonte Pacific Ltd. Market 2019-2024 ($M) - Global Industry Research
2.10 ConAgra Foods Inc. Market 2019-2024 ($M) - Global Industry Research
3.Global Market Segmentation by Type Market 2019-2024 (Volume/Units)
3.1 Canned Meat Market, Market 2019-2024 (Volume/Units) - Global Industry Research
3.2 Canned Fish Market, Market 2019-2024 (Volume/Units) - Global Industry Research
3.3 Canned Fruits Market, Market 2019-2024 (Volume/Units) - Global Industry Research
3.4 Canned Vegetable Market, Market 2019-2024 (Volume/Units) - Global Industry Research
4.Global Major Vendors Market 2019-2024 (Volume/Units)
4.1 BRF S.A. Market 2019-2024 (Volume/Units) - Global Industry Research
4.2 Maple Leaf Foods Inc. Market 2019-2024 (Volume/Units) - Global Industry Research
4.3 Dole Food Company Inc. Market 2019-2024 (Volume/Units) - Global Industry Research
4.4 Campbell Soup Co. Market 2019-2024 (Volume/Units) - Global Industry Research
4.5 Pinnacle Foods Inc. Market 2019-2024 (Volume/Units) - Global Industry Research
4.6 BG Food Holdings Corp. Market 2019-2024 (Volume/Units) - Global Industry Research
4.7 MTR Foods Pvt. Ltd. Market 2019-2024 (Volume/Units) - Global Industry Research
4.8 H.J. Heinz Co. Market 2019-2024 (Volume/Units) - Global Industry Research
4.9 DelMonte Pacific Ltd. Market 2019-2024 (Volume/Units) - Global Industry Research
4.10 ConAgra Foods Inc. Market 2019-2024 (Volume/Units) - Global Industry Research
5.North America Market Segmentation by Type Market 2019-2024 ($M)
5.1 Canned Meat Market, Market 2019-2024 ($M) - Regional Industry Research
5.2 Canned Fish Market, Market 2019-2024 ($M) - Regional Industry Research
5.3 Canned Fruits Market, Market 2019-2024 ($M) - Regional Industry Research
5.4 Canned Vegetable Market, Market 2019-2024 ($M) - Regional Industry Research
6.North America Major Vendors Market 2019-2024 ($M)
6.1 BRF S.A. Market 2019-2024 ($M) - Regional Industry Research
6.2 Maple Leaf Foods Inc. Market 2019-2024 ($M) - Regional Industry Research
6.3 Dole Food Company Inc. Market 2019-2024 ($M) - Regional Industry Research
6.4 Campbell Soup Co. Market 2019-2024 ($M) - Regional Industry Research
6.5 Pinnacle Foods Inc. Market 2019-2024 ($M) - Regional Industry Research
6.6 BG Food Holdings Corp. Market 2019-2024 ($M) - Regional Industry Research
6.7 MTR Foods Pvt. Ltd. Market 2019-2024 ($M) - Regional Industry Research
6.8 H.J. Heinz Co. Market 2019-2024 ($M) - Regional Industry Research
6.9 DelMonte Pacific Ltd. Market 2019-2024 ($M) - Regional Industry Research
6.10 ConAgra Foods Inc. Market 2019-2024 ($M) - Regional Industry Research
7.South America Market Segmentation by Type Market 2019-2024 ($M)
7.1 Canned Meat Market, Market 2019-2024 ($M) - Regional Industry Research
7.2 Canned Fish Market, Market 2019-2024 ($M) - Regional Industry Research
7.3 Canned Fruits Market, Market 2019-2024 ($M) - Regional Industry Research
7.4 Canned Vegetable Market, Market 2019-2024 ($M) - Regional Industry Research
8.South America Major Vendors Market 2019-2024 ($M)
8.1 BRF S.A. Market 2019-2024 ($M) - Regional Industry Research
8.2 Maple Leaf Foods Inc. Market 2019-2024 ($M) - Regional Industry Research
8.3 Dole Food Company Inc. Market 2019-2024 ($M) - Regional Industry Research
8.4 Campbell Soup Co. Market 2019-2024 ($M) - Regional Industry Research
8.5 Pinnacle Foods Inc. Market 2019-2024 ($M) - Regional Industry Research
8.6 BG Food Holdings Corp. Market 2019-2024 ($M) - Regional Industry Research
8.7 MTR Foods Pvt. Ltd. Market 2019-2024 ($M) - Regional Industry Research
8.8 H.J. Heinz Co. Market 2019-2024 ($M) - Regional Industry Research
8.9 DelMonte Pacific Ltd. Market 2019-2024 ($M) - Regional Industry Research
8.10 ConAgra Foods Inc. Market 2019-2024 ($M) - Regional Industry Research
9.Europe Market Segmentation by Type Market 2019-2024 ($M)
9.1 Canned Meat Market, Market 2019-2024 ($M) - Regional Industry Research
9.2 Canned Fish Market, Market 2019-2024 ($M) - Regional Industry Research
9.3 Canned Fruits Market, Market 2019-2024 ($M) - Regional Industry Research
9.4 Canned Vegetable Market, Market 2019-2024 ($M) - Regional Industry Research
10.Europe Major Vendors Market 2019-2024 ($M)
10.1 BRF S.A. Market 2019-2024 ($M) - Regional Industry Research
10.2 Maple Leaf Foods Inc. Market 2019-2024 ($M) - Regional Industry Research
10.3 Dole Food Company Inc. Market 2019-2024 ($M) - Regional Industry Research
10.4 Campbell Soup Co. Market 2019-2024 ($M) - Regional Industry Research
10.5 Pinnacle Foods Inc. Market 2019-2024 ($M) - Regional Industry Research
10.6 BG Food Holdings Corp. Market 2019-2024 ($M) - Regional Industry Research
10.7 MTR Foods Pvt. Ltd. Market 2019-2024 ($M) - Regional Industry Research
10.8 H.J. Heinz Co. Market 2019-2024 ($M) - Regional Industry Research
10.9 DelMonte Pacific Ltd. Market 2019-2024 ($M) - Regional Industry Research
10.10 ConAgra Foods Inc. Market 2019-2024 ($M) - Regional Industry Research
11.APAC Market Segmentation by Type Market 2019-2024 ($M)
11.1 Canned Meat Market, Market 2019-2024 ($M) - Regional Industry Research
11.2 Canned Fish Market, Market 2019-2024 ($M) - Regional Industry Research
11.3 Canned Fruits Market, Market 2019-2024 ($M) - Regional Industry Research
11.4 Canned Vegetable Market, Market 2019-2024 ($M) - Regional Industry Research
12.APAC Major Vendors Market 2019-2024 ($M)
12.1 BRF S.A. Market 2019-2024 ($M) - Regional Industry Research
12.2 Maple Leaf Foods Inc. Market 2019-2024 ($M) - Regional Industry Research
12.3 Dole Food Company Inc. Market 2019-2024 ($M) - Regional Industry Research
12.4 Campbell Soup Co. Market 2019-2024 ($M) - Regional Industry Research
12.5 Pinnacle Foods Inc. Market 2019-2024 ($M) - Regional Industry Research
12.6 BG Food Holdings Corp. Market 2019-2024 ($M) - Regional Industry Research
12.7 MTR Foods Pvt. Ltd. Market 2019-2024 ($M) - Regional Industry Research
12.8 H.J. Heinz Co. Market 2019-2024 ($M) - Regional Industry Research
12.9 DelMonte Pacific Ltd. Market 2019-2024 ($M) - Regional Industry Research
12.10 ConAgra Foods Inc. Market 2019-2024 ($M) - Regional Industry Research
13.MENA Market Segmentation by Type Market 2019-2024 ($M)
13.1 Canned Meat Market, Market 2019-2024 ($M) - Regional Industry Research
13.2 Canned Fish Market, Market 2019-2024 ($M) - Regional Industry Research
13.3 Canned Fruits Market, Market 2019-2024 ($M) - Regional Industry Research
13.4 Canned Vegetable Market, Market 2019-2024 ($M) - Regional Industry Research
14.MENA Major Vendors Market 2019-2024 ($M)
14.1 BRF S.A. Market 2019-2024 ($M) - Regional Industry Research
14.2 Maple Leaf Foods Inc. Market 2019-2024 ($M) - Regional Industry Research
14.3 Dole Food Company Inc. Market 2019-2024 ($M) - Regional Industry Research
14.4 Campbell Soup Co. Market 2019-2024 ($M) - Regional Industry Research
14.5 Pinnacle Foods Inc. Market 2019-2024 ($M) - Regional Industry Research
14.6 BG Food Holdings Corp. Market 2019-2024 ($M) - Regional Industry Research
14.7 MTR Foods Pvt. Ltd. Market 2019-2024 ($M) - Regional Industry Research
14.8 H.J. Heinz Co. Market 2019-2024 ($M) - Regional Industry Research
14.9 DelMonte Pacific Ltd. Market 2019-2024 ($M) - Regional Industry Research
14.10 ConAgra Foods Inc. Market 2019-2024 ($M) - Regional Industry Research
LIST OF FIGURES
1.US Global Canned Preserved Foods Market Revenue, 2019-2024 ($M)2.Canada Global Canned Preserved Foods Market Revenue, 2019-2024 ($M)
3.Mexico Global Canned Preserved Foods Market Revenue, 2019-2024 ($M)
4.Brazil Global Canned Preserved Foods Market Revenue, 2019-2024 ($M)
5.Argentina Global Canned Preserved Foods Market Revenue, 2019-2024 ($M)
6.Peru Global Canned Preserved Foods Market Revenue, 2019-2024 ($M)
7.Colombia Global Canned Preserved Foods Market Revenue, 2019-2024 ($M)
8.Chile Global Canned Preserved Foods Market Revenue, 2019-2024 ($M)
9.Rest of South America Global Canned Preserved Foods Market Revenue, 2019-2024 ($M)
10.UK Global Canned Preserved Foods Market Revenue, 2019-2024 ($M)
11.Germany Global Canned Preserved Foods Market Revenue, 2019-2024 ($M)
12.France Global Canned Preserved Foods Market Revenue, 2019-2024 ($M)
13.Italy Global Canned Preserved Foods Market Revenue, 2019-2024 ($M)
14.Spain Global Canned Preserved Foods Market Revenue, 2019-2024 ($M)
15.Rest of Europe Global Canned Preserved Foods Market Revenue, 2019-2024 ($M)
16.China Global Canned Preserved Foods Market Revenue, 2019-2024 ($M)
17.India Global Canned Preserved Foods Market Revenue, 2019-2024 ($M)
18.Japan Global Canned Preserved Foods Market Revenue, 2019-2024 ($M)
19.South Korea Global Canned Preserved Foods Market Revenue, 2019-2024 ($M)
20.South Africa Global Canned Preserved Foods Market Revenue, 2019-2024 ($M)
21.North America Global Canned Preserved Foods By Application
22.South America Global Canned Preserved Foods By Application
23.Europe Global Canned Preserved Foods By Application
24.APAC Global Canned Preserved Foods By Application
25.MENA Global Canned Preserved Foods By Application