Canned Food Market Trends, Share, Size, Growth, Report 2023-2028

Canned Food Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Report Format: PDF+Excel | Report ID: SR112023A5900

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Market Overview:

The global canned food market size reached US$ 96.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 117.8 Billion by 2028, exhibiting a growth rate (CAGR) of 2.87% during 2023-2028.

Canning is a process of preserving food products, such as seafood, meats, fruits, vegetables, sweets and desserts, soups and sauces, beans, lentils, and pasta, by increasing their overall shelf life. It relies on processing food, sealing processed food into cans, and heating cans to kill harmful bacteria. It preserves nutrients of food products and prevents decomposition due to external factors like sunlight and air. At present, there is a rise in the consumption of canned food products across the globe due to the busy lifestyle of individuals.

Canned Food Market Trends:

The growing demand for canned food among consumers represents one of the key factors driving the market. Moreover, there is a rise in the number of working individuals, which is increasing the consumption of ready-to-eat (RTE) and convenient food items. This, along with the escalating demand for healthy food that is rich in proteins, functional fibers, vitamins, and omega-3 fatty acids, is propelling the growth of the market across the globe. In addition, there is a surge in the number of large retail formats, such as hypermarkets and supermarkets around the world. This, coupled with the wide availability of canned food through online stores, is offering lucrative growth opportunities to end-users and industry investors. Besides this, key market players are focusing on offering organic canned food products due to rising health concerns among people. In line with this, they are providing product variants with high quality, taste, and nutritional value, which is positively influencing the market. Additionally, the increasing demand for canned fish products among fitness-conscious individuals due to several health benefits of fish and seafood is strengthening the market growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global canned food market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product type, type and distribution channel.

Breakup by Product Type:

Canned Meat and Seafood
Canned Fruit and Vegetables
Canned Ready Meals
Others

Breakup by Type:

Organic
Conventional

Breakup by Distribution Channel:

Supermarkets and Hypermarkets
Convenience Stores
E-commerce
Others

Breakup by Region:

North America
- United States
- Canada
Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
Latin America
- Brazil
- Mexico
- Others
Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Ayam Sarl, Bonduelle, Campbell Soup Company, CHB Group, Danish Crown AmbA, Del Monte Foods Inc., JBS S.A., Nestlé S.A, Princes Foods (Mitsubishi Corporation), Thai Union Group PCL, The Bolton Group and The Kraft Heinz Company.

Report Coverage:

Report Features	Details
Base Year of the Analysis	2022
Historical Period	2017-2022
Forecast Period	2023-2028
Units	US$ Billion
Segment Coverage	Product Type, Type, Distribution Channel, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	Ayam Sarl, Bonduelle, Campbell Soup Company, CHB Group, Danish Crown AmbA, Del Monte Foods Inc., JBS S.A., Nestlé S.A, Princes Foods (Mitsubishi Corporation), Thai Union Group PCL, The Bolton Group and The Kraft Heinz Company
Customization Scope	10% Free Customization
Report Price and Purchase Option	Single User License: US$ 2499 Five User License: US$ 3499 Corporate License: US$ 4499
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report

The global canned food market was valued at US$ 96.5 Billion in 2022.

We expect the global canned food market to exhibit a CAGR of 2.87% during 2023-2028.

The sudden outbreak of the COVID-19 pandemic has led to the changing consumer inclination from conventional brick-and-mortar distribution channels towards online retail platforms for the purchase of canned food.

The rising consumption of Ready-to-Eat (RTE) and convenient food items, along with the introduction of organic canned food products to meet the high quality, taste, and nutritional value for health-conscious individuals, is primarily driving the global canned food market.

Based on the product type, the global canned food market can be segmented into canned meat and seafood, canned fruit and vegetables, canned ready meals, and others. Currently, canned meat and seafood holds the majority of the total market share.

Based on the type, the global canned food market has been divided into organic and conventional, where, conventional currently exhibits a clear dominance in the market.

Based on the distribution channel, the global canned food market can be categorized into supermarkets and hypermarkets, convenience stores, e-commerce, and others. Among these, supermarkets and hypermarkets hold the largest market share.

On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.

Some of the major players in the global canned food market include Ayam Sarl, Bonduelle, Campbell Soup Company, CHB Group, Danish Crown AmbA, Del Monte Foods Inc., JBS S.A., Nestlé S.A, Princes Foods (Mitsubishi Corporation), Thai Union Group PCL, The Bolton Group, and The Kraft Heinz Company.

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