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Canned Food Market

Canned Food Market Size, Share & Growth Forecast by Type (Canned Vegetables and Fruits, Canned Seafood, Canned Meat, and Others), Product (Canned Meat and Seafood, Canned fruits and Vegetables, Canned Ready Meals, and Others), Distribution Channel (Supermarkets/Hypermarkets, Specialty Stores, and Online Retail), and Region for 2024 - 2031

Canned Food Market Size & Share Analysis

The global canned food market is expected to rise from US$91.2 Bn in 2024 to US$120.8 Bn by the end of 2031. The market is anticipated to secure a CAGR of 4.1% during the projection period between 2024 and 2031.

Attributes

Key Insights

Canned Food Market Size (2024E)

US$91.2 Bn

Projected Market Value (2031F)

US$120.8 Bn

Global Market Growth Rate (CAGR 2024 to 2031)

4.1%

 

Historical Market Growth Rate (CAGR 2019 to 2023)

3.5%

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Market Introduction and Key Trends

Canned foods provided unparalleled convenience, offering easy storage, extended shelf life, and minimal preparation requirements, catering perfectly to the fast-paced lifestyles of modern consumers seeking quick meal solutions. Moreover, amidst growing concerns about food waste, the long shelf life of canned goods appeals to more aware consumers looking to reduce wastage.

Heightened awareness of environmental sustainability has placed canned foods favorably, as they frequently need less packaging and transportation compared to fresh produce, aligning with the eco-conscious choices of many shoppers.

Innovation within the industry, including the introduction of healthy options such as low-sodium and organic varieties, is attracting health-conscious consumers seeking nutritious alternatives. This synergy of convenience, sustainability, and innovation, alongside affordability and the globalization of food supply chains, underpins the robust growth and continued expansion of the canned food market.

Manufacturers are in continuous effort to innovate and fulfill consumer demand for healthy and more diverse options. This includes introducing organic, low-sodium, and preservative-free canned foods to cater to health-conscious consumers.

Key Trends in the Market

  • Growing popularity of convenient meal solutions
  • Increasing emphasis on clean-label products
  • Sustainability-driven packaging innovations
  • Expanding online retail channels
  • Personalized offerings catering to diverse dietary needs

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Key Drivers Shaping the Market

Increasing Preference for Healthy and Organic Option

The increasing preference for healthy and organic options is significantly impacting the canned food market in several ways. It is propelling product innovation, with manufacturers developing and introducing a wide range of canned foods that meet the demands of health-conscious consumers. This includes offering low-sodium and reduced-sugar options to address concerns about excessive salt and sugar intake, as well as organic varieties made from high-quality, sustainably sourced ingredients.

The increasing shift toward healthy and organic options is further driving positive change within the canned food market, encouraging innovation, expanding product offerings. Consequently, it makes easy for consumers to make healthy choices without sacrificing convenience or taste.

The emphasis on healthy and organic options is reshaping consumer perceptions of canned foods, challenging the notion that they are inherently less nutritious than fresh alternatives. As a result, consumers are increasingly turning to canned goods as a convenient and accessible way to incorporate more fruits, vegetables, legumes, and other nutritious ingredients into their diets.

Convenience is a Key Driving Factor

Convenience is a key driving force behind the growth of the canned food market due to several key factors. Canned foods offer unparalleled ease of storage and preparation, requiring minimal effort and time to incorporate into meals. This convenience is particularly appealing to busy individuals and families seeking quick and hassle-free meal solutions amidst their hectic lifestyles.

The long shelf life of canned goods allows consumers to stock up on pantry staples without worrying about spoilage, reducing the need for frequent trips to the grocery store. Moreover, the portability of canned foods makes them ideal for on-the-go consumption, whether it is for work lunches, picnics, or camping trips. The convenience offered by canned foods aligns with the needs and preferences of modern consumers, driving sustained demand for these products in the market.

Shifts in Lifestyle Patterns

Shifts in lifestyle patterns are significantly driving the canned food market by reshaping consumer behavior and preferences in several ways. The rise of small households, dual-income families, and urbanization has led to a great demand for convenient food options that require minimal preparation and storage space. Canned foods fit this requirement perfectly, offering a hassle-free solution for individuals and families with busy schedules and limited cooking time.

As many people prioritize convenience and time-saving solutions in their daily lives, canned foods provide a convenient alternative to cooking from scratch, allowing consumers to enjoy nutritious meals without the need for extensive meal preparation

Changes in lifestyle patterns have also influenced eating habits and consumption patterns. With the prevalence of snacking and grazing becoming more common, canned foods offer convenient, portion-controlled options that can be enjoyed as standalone snacks or incorporated into quick, satisfying meals. This versatility appeals to consumers seeking convenient and flexible food options that can adapt to their changing needs and schedules.

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Factors Impeding the Market

Environmental Effect of Packaging Materials

Concerns about the environmental impact of packaging materials, such as cans and liners, may deter environmentally-conscious consumers while canned foods are generally considered more sustainable than fresh produce in terms of shelf life and reduced food waste.

The production and disposal of metal cans contribute to environmental waste and pollution despite being recyclable. Concerns about the environmental impact of packaging materials may deter environmentally conscious consumers from purchasing canned foods.

The manufacturing process of metal cans requires significant energy input, contributing to carbon emissions and environmental degradation. Consumers who prioritize sustainability may opt for alternatives with lower carbon footprints, such as fresh produce or bulk items.

The transportation of canned foods from production facilities to distribution centers and retail stores contributes to carbon emissions and environmental pollution. Consumers concerned about the environmental impact of transportation may favor locally sourced or minimally processed alternatives.

Perception of Freshness Remains a Barrier to Market

The perception of freshness as a barrier to market growth for canned foods stems from consumers associating freshness primarily with products that are minimally processed or unprocessed, such as fresh fruits, vegetables, and meats. Canned foods, on the other hand, undergo a preservation process involving heat treatment and sealing in airtight containers, which can lead some consumers to perceive them as less fresh

Some consumers perceive canned foods as less fresh compared to fresh produce. Overcoming this perception and educating consumers about the quality and nutritional value of canned foods may be a challenge for the industry.

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Future Opportunities for the Canned Food Market Players

Rising Popularity of Plant-Based Diets and Global Cuisines

The rising popularity of plant-based diets and global cuisines presents an opportunity for canned food manufacturers to expand their product portfolios with a wider range of plant-based and ethnic varieties. This includes canned plant-based proteins, international sauces and condiments, and ready-to-eat meals inspired by diverse culinary traditions.

Canned foods have a long shelf life, making them ideal for stocking up on pantry essentials. This is especially advantageous for people following plant-based diets, as canned goods provide a reliable source of nutritious ingredients that can be stored for extended periods without spoiling. This is particularly useful for those who may not have access to fresh produce year-round or who prefer to minimize food waste.

There is a growing demand for authentic international flavors and ingredients as consumers become more adventurous with their culinary preferences. Canned food manufacturers can capitalize on this trend by offering a wide range of globally inspired products, such as canned Thai curry sauces, Mexican salsa verde, or Indian dal. By tapping into different cuisines, they can appeal to a broader audience and potentially expand their market reach beyond their traditional customer base.

Plant-based diets are often associated with health and sustainability benefits. Canned foods can align with these values by offering options that are low in preservatives, additives, and sodium. Additionally, canned foods can contribute to reducing food waste by providing a long shelf life for perishable items. By promoting the health and environmental benefits of their products, canned food manufacturers can attract consumers who prioritize these factors in their purchasing decisions

Diversification of Product Offerings

Expanding product lines to include a diverse range of canned goods beyond traditional staples like fruits and vegetables. This could involve introducing innovative products such as ready-to-eat meals, plant-based protein alternatives, and gourmet or ethnic-inspired recipes.

Consumer preferences are continually evolving, with growing interest in diverse dietary choices such as vegetarian, vegan, gluten-free, and low-carb diets. By diversifying their product offerings, canned food manufacturers can cater to a broader range of consumer needs and preferences, ensuring that they remain relevant in a competitive market landscape.

Introducing new product lines allows canned food companies to tap into new market segments and reach previously untapped consumer demographics. For example, offering plant-based protein alternatives can attract vegetarian and vegan consumers, while introducing gourmet or premium canned foods can appeal to more upscale or adventurous consumers.

Keeping abreast of emerging food trends and consumer preferences allows canned food manufacturers to capitalize on new opportunities as they arise. For example, with the rising popularity of global cuisines, companies can introduce canned foods featuring authentic ethnic flavors and ingredients to meet the demand for diverse culinary experiences.

Category-wise Analysis

Canned Seafood Exhibits the Notable Market Share

Canned seafood offers convenience as it can be easily stored, transported, and prepared. It provides a quick and easy way to incorporate seafood into meals without the need for extensive preparation or cooking time.

Canned seafood comes in a variety of options, including tuna, salmon, sardines, anchovies, and shellfish. This versatility allows consumers to choose from a wide range of products to suit their tastes and dietary preferences.

Canned seafood is readily available in supermarkets, grocery stores, and online retailers, making it accessible to consumers in both urban and rural areas. This widespread availability contributes to the popularity and market dominance of the canned seafood segment. Many canned seafood brands focus on sustainable fishing practices and responsible sourcing, which appeals to environmentally conscious consumers concerned about overfishing and marine conservation.

Many canned seafood brands focus on sustainable fishing practices and responsible sourcing, which appeals to environmentally-conscious consumers concerned about overfishing and marine conservation.

The consumption of canned foods such as vegetables, fruits, and meat are also witnessing significant growth in the market. The availability and procurement of fruits and vegetables is comparatively easy and affordable. The canned fruits and vegetables helps in fulfilling the nutritional requirements in the body as they are a rich source of vitamins, minerals, and essential amino acids

The Supermarkets and Hypermarkets Remain the Most Favoured Distribution Channel

The supermarkets and hypermarkets are the most preferred distribution channel by the consumers as they offer a wide range of essential and non-essential products other than just household products. The supermarkets/hypermarkets enhance the consumers purchasing experience due to the broad availability of canned food in different brands and price range.

The presence of product distinct aisles, numerous bundling schemes, and convenience offered by the mass merchandisers have drawn consumers attention. The marketers are intensively focussing on the development of modern trades and convenient retail points to offer ease of shopping at affordable prices to the consumers.

The online retail sector is also gaining popularity among the consumers as they nowadays prefer the products being delivered to them at their doorstep. Online retail offers a digitalized purchasing platform along with availability of numerous products at a discounted price.

Region-wise Analysis

Innovation and Sustainability Efforts Contribute Significantly to North America Market Growth

The canned food industry continues to innovate with new product offerings, such as healthier options, organic varieties, and international flavors, to cater to changing consumer preferences and dietary trends. The versatility of canned foods, combined with ongoing innovation and sustainability efforts, contribute to the growth of the canned food market in North America.

The global market is likely to derive growth from the rise in consumption of processed food products and beverages. North America is a developed economy which consists of a large consumer base and equally high population of working professionals.

The improvement in the supply chain infrastructure and increasing popularity of convenience foods have driven the regional market. Investments from various multinationals, especially from leading markets in the region such as the United States, Canada, and Mexico are expected to create opportunities to various local players.

Europe to Record Significant Market Share

Canned food has been a staple in households of Europe for decades, with a long history of preserving fruits, vegetables, and other food items. This cultural preference for canned goods contributes to sustained demand in the European market. Similar to North America, people in Europe are adopting busier lifestyles, with more people working full-time and juggling various responsibilities. This shift has led to a great reliance on convenience foods, including canned options, for quick and easy meal solutions.

Consumers in Europe are increasingly interested in high-quality, nutritious, and sustainably sourced foods. Many canned food manufacturers in Europe are responding to this demand by offering organic, GMO-free, and environment-friendly options, as well as innovative product lines to cater to changing consumer preferences.

Europe experiences distinct seasons, with limited availability of certain fresh produce during the winter months. Canned foods offer a way to enjoy fruits and vegetables year-round, regardless of seasonal constraints, which is particularly appealing to European consumers.

Growing Population to Influence Market Growth in Economies of Asia Pacific

Asia Pacific is home to some of the world's most populous countries, including China, India, and Indonesia. The large and growing population in this region drives demand for convenient and affordable food options, including canned foods and expected to drive the market growth in the future.

Asia Pacific is a culturally diverse region with a wide range of culinary traditions and preferences. Canned foods offer versatility and the ability to preserve a variety of ingredients, making them suitable for different cuisines and tastes across the region

Competitive Landscape for the Canned Food Market

The canned food market is highly fragmented, with numerous players ranging from multinational corporations to small and medium-sized enterprises (SMEs). This fragmentation contributes to intense competition as companies vie for market share and consumer attention.

Product differentiation is crucial for standing out in a crowded market. Canned food manufacturers differentiate their products through factors such as quality, taste, variety, packaging innovation, nutritional value, and sustainability initiatives. Companies that offer unique and innovative products are better positioned to attract and retain customers.

Canned food companies are expanding their presence in global markets to capitalize on growing demand for convenience foods and international flavors. This trend has intensified competition as companies compete for market share in both domestic and international markets.

Top Industry Players Profiled in the Global Market for Canned Food

  • Del Monte Foods, Inc
  • JBS USA Holdings, Inc.
  • Campbell Soup Company
  • Danish Crown AmbA
  • AYAM SARL
  • Bumble Bee Foods, LLC
  • Nestlé S.A
  • Bolton Group S.r.l.
  • General Mills, Inc

Canned Food Market Report Scope

Attributes

Details

Forecast Period

2024 to 2031

Historical Data Available for

2019 to 2023

Market Analysis

US$ Billion for Value

Key Regions Covered

  • North America
  • Europe
  • Asia Pacific
  • East Asia
  • South America
  • The Middle East & Africa

Key Market Segments Covered

  • By Type
  • By Product
  • By Distribution Channel
  • By Region

Key Companies Profiled

Report Coverage

  • Market Forecast
  • Company Share Analysis
  • Competition Intelligence
  • DROT Analysis
  • Market Dynamics and Challenges
  • Strategic Growth Initiatives  

Customization & Pricing

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Canned Food Market Segmentation

By Type

  • Canned Seafood
  • Canned Vegetables and Fruits
  • Canned Meat
  • Others

By Product

  • Canned Meat and Seafood
  • Canned fruits and Vegetables
  • Canned Ready Meals
  • Others

By Distribution Channel

  • Supermarkets/Hypermarkets
  • Specialty Stores
  • Online Retail

By Region

  • North America
  • Europe
  • Asia Pacific
  • East Asia
  • South America
  • The Middle East & Africa

- Companies Covered in This Report -

- Frequently Asked Questions -

Shifts in lifestyle patterns is surging the demand for canned food.

Some of the leading manufacturers operating in the market are Del Monte Foods, Inc, JBS USA Holdings, Inc., and Campbell Soup Company.

Perception of freshness remains a barrier to market.

The market is expected to record a CAGR of 4.1% from 2024 to 2031.

The rising popularity of plant-based diets and global cuisines is a key opportunity in the market.

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