The “Canned Food Manufacturing Market” 2023-2031 Research Report affords qualitative and quantitative insights into the principal drivers, constraints, opportunities, and challenges influencing world markets growth. The find out about offers complete statistical market records on the leading players, as nicely as income predictions. This market lookup additionally presents statistics on the income boom of numerous regional and country-level markets, as properly as the opposition panorama and unique organization analyses for the projected period. The Canned Food Manufacturing Market Report covers potential improvement drivers as properly as the modern-day kingdom of market share, penetration of a number of kinds, technologies, applications, and areas thru 2031.
The global canned food manufacturing market size was US$ 94.1 billion in 2021. The global canned food manufacturing market is forecast to grow to US$ 121.2 billion by 2030 by registering a compound annual growth rate (CAGR) of 3.1% during the forecast period from 2022 to 2030.
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Canning is the process of preserving foods in airtight vessels for long periods of time. Canned food has a long shelf life because it is disinfected and kept away from the open environment, which inhibits microbial contamination. Food that has been canned with high-quality sealing has a long shelf life, whereas food that has been canned with low-quality sealing has a short shelf life.
Factors Influencing the Market
The global canned food manufacturing market is primarily driven by the rising global population across the globe. According to data by UNICEF, the rate of undeveloped people in Africa, those between the age of 1-24 years, is expected to increase by nearly 50% by 2050. In addition, growing product launches and consumer demand to try new products will fuel the growth of the canned food manufacturing market during the analysis period.
Strong demand for protein-rich food will also contribute to the growth of the canned food manufacturing market during the analysis period. In addition, the strong demand for wholesome protein-rich food products, efficient fibers, vitamins, etc., will benefit the canned food manufacturing market during the study period.
The market for canned food manufacturing is also driven by the hectic lifestyle of people, which is leading to growth in the demand for ready-to-cook meals. As a result, it will offer lucrative growth opportunities for the canned food manufacturing market. On the flip side, rising concerns related to environmental pollution may restrict the canned food manufacturing market growth.
Industry players, such as Nestle, and Process Expo, are investing highly in canned food manufacturing. For instance, Nestle invested nearly US$ 220 million in the construction of its beverage factory in Indonesia in 2021. Thus, it will offer significant growth opportunities for the canned food manufacturing market.
COVID-19 Impact Analysis
The packaging industry is dealing with supply chain disruptions as a result of the COVID-19 epidemic. Thus, the manufacturing facilities are declining at a significant pace. The canned food manufacturing industry also witnessed a decline in product demand due to changes in consumer purchasing power. As a result, it hampered the growth of the canned food manufacturing market.
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Regional Analysis
The Asia-Pacific canned food manufacturing market is forecast to hold the highest market share. The growth of the canned food manufacturing market is attributable to the presence of rapidly growing economies, such as India and China. In addition to that, the high availability of adequate raw resources and cost-competitive workforces will unveil significant potential for the industry in the region.
Competitors in the Market
? Ayam Brand
? The Kraft Heinz Company
? Campbell Soup Company
? Conagra Brands, Inc
? Nestle
? Danish Crown Amba
? Del Monte Foods, Inc
? JBS USA Holdings, Inc.
? Holyland Marketing Private Limited
? Other Prominent Players
Market Segmentation
The global canned food manufacturing segmentation focuses on Category, Product Variants, Marketing Mode, and Region.
By Category
? Organic
? Conventional
By Product Variants
? Canned Fruits & Vegetables
? Canned Meat & Seafood
? Canned Ready Meals
? Canned Desserts
? Canned Soups
? Canned Cooking Sauces
By Marketing Mode
? Convenience Store
? Supermarket
? Internet Sales
? Offline
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By Region
�?� North America
o The U.S.
o Canada
o Mexico
�?� Europe
Western Europe
o The UK
o Germany
o France
o Italy
o Spain
o Rest of Western Europe
Eastern Europe
o Poland
o Russia
o Rest of Eastern Europe
�?� Asia Pacific
o China
o India
o Japan
o Australia & New Zealand
o ASEAN
o Rest of Asia Pacific
�?� Middle East & Africa (MEA)
o UAE
o Saudi Arabia
o South Africa
o Rest of MEA
�?� South America
o Brazil
o Argentina
o Rest of South America
What is the goal of the report?
? The market report presents the estimated size of the market at the end of the forecast period. The report also examines historical and current market sizes.
? During the forecast period, the report analyzes the growth rate, market size, and market valuation.
? The report presents current trends in the industry and the future potential of the North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa markets.
? The report offers a comprehensive view of the market based on geographic scope, market segmentation, and key player financial performance
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