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The global canned food market was valued at US$ 93.37 Billion in 2021.
We expect the global canned food market to exhibit a CAGR of 3.30% during 2022-2027.
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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