Canned Food Market 2023: Top Players, Emerging Demand, Business Profit Analysis, Revenue and Expansion Strategies by 2031

Report Ocean has recently published the “Canned Food Market Research Report 2023-2031, offering a comprehensive analysis of the market. This report delves deep into the market dynamics, including key trends, upcoming technologies, drivers, challenges, and regulatory policies. It also features company profiles and strategies of prominent players in the industry. With over 100+ market data tables, pie charts, graphs, and figures, this global market study provides a thorough understanding of the market landscape. It presents a complete assessment, encompassing future trends, current growth factors, informed opinions, factual insights, and industry-validated market data, enabling accurate forecasts until 2031.

The global canned food market was valued at $91.4 billion in 2018 and is anticipated to reach $124.8 billion by 2026, with a CAGR of 3.9% during the forecast period. Canned foods are the food products that are preserved by sterilizing and sealing them in airtight containers. Canning of food products is done to extend their shelf life, coupled with high quality and high nutritional value. Canned food is available in the market in a range of product types such as seafood, meat, meals, beans, lentils, fruits, vegetables, soups & sauces, sweets & desserts, and pastas.

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Additives such as spices, flavors, and seasonings are used to enhance the aroma, taste, and consistency of the canned food products. Food & beverages manufacturers have invested a lot in R&D to enhance characteristics, taste, or nutritional value of canned food. Consumer demand for convenient canned food products that are healthy, ethical, and comforting, and fit for fast-paced life is a major trend in developed economies. Moreover, rise in disposable income in emerging economies such as China, India, and Brazil has led to increased expenditure on time-saving and labor-saving canned food products.

Consumers are not willing to spend much time on food preparation; thus, they prefer convenience over price. Redefinition of gender roles in households, with more working women in the industry, further supplements the demand for microwavable foods. The retail expansion is supported by the rapidly expanding economy, coupled with rising consumption rates, urbanizing population, and growing middle-class population, particularly in emerging economies.

Rise in disposable income, innovative packaging, and types of canned products offered by key players; and increase in demand for convenience among consumers are expected to provide numerous opportunities for the expansion of the global canned food market. The canned food market is segmented on the basis of product type, distribution channel, type, and region. By product type, it is categorized into canned meat and seafood, canned fruit and vegetables, canned ready meals, and others. By distribution channel, it is divided into supermarket/hypermarket, convenience stores, e-commerce, and others.

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By type, it is bifurcated into organic and conventional. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, Australia, South Korea, and Rest of Asia-Pacific), and LAMEA ( Latin America, the Middle East, and Africa).


KEY BENEFITS FOR STAKEHOLDERS
– The study provides an in-depth analysis of the global canned food market, with current and future trends to elucidate the imminent investment pockets in the market.
– Current and future trends are outlined in the report to determine the overall market attractiveness and single out profitable trends to gain a stronger foothold in the market.
– The report provides information regarding drivers, restraints, and opportunities with impact analysis.
– A quantitative analysis of the current market and estimation for the same from 2018 to 2026 is provided to showcase the financial competency of the market.
– Porter’s five forces model of the industry illustrates competitiveness of the market by analyzing various parameters such as, threat of new entrants, threat of substitutes, bargaining power of the buyers, and bargaining power of the suppliers operating in the market.
– Value chain analysis in the report provides a clear understanding of the roles of stakeholders involved in the value chain.
– Competitive intelligence highlights the business practices followed by the leading market players across various regions.

The key players profiled in this reportinclude Del Monte Foods, Conagra Brands, Kraft Heinz, Nestle, Campbell Soup Company, JBS, CHB Group, AYAM, Danish Crown, and Bolton Group.

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KEY MARKET SEGMENTATION
– By Product
o Canned meat & seafood
o Canned fruit & vegetables
o Canned ready meals
o Others

– By Distribution channel
o Supermarket/Hypermarket
o Convenience stores
o E-commerce
o Others


– By Type
o Organic
o Conventional


– By Region
o North America
? U.S.
? Canada
? Mexico
o Europe
? Germany
? France
? UK
? Spain
? Italy
? Rest of Europe
o Asia-Pacific
? China
? Japan
? Australia
? South Korea
? Rest of Asia-Pacific
o LAMEA
? Latin America
? Middle East
? Africa

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Table of Contents:

  1. Introduction and Scope
    1. Definition and Forecast Parameters
    2. Methodology and Forecast Parameters
    3. Information Sources
  2. Latest Trends Summary
    1. Regional Trends
    2. Product Trends
    3. End-Use Trends
    4. Business Trends
  3. Industry Insights
    1. Industry Fragmentation
    2. Industry Landscape
    3. Vendor Matrix
    4. Technological and Innovative Landscape
  4. Market by Region
    1. North America
    2. Latin America
    3. Europe
    4. Asia Pacific
    5. Middle East and Africa
  5. Company Profiles
    1. Company Overview
    2. Financial Elements
    3. Product Landscape
    4. SWOT Analysis
    5. Systematic Outlook

Key target audience are:

Business Owners and Executives:

  • Market research reports provide valuable insights and data to business owners and executives who are responsible for strategic decision-making.
  • They use the information to assess market opportunities, develop business strategies, and make informed choices regarding market entry, expansion, product development, and investments.

Marketing and Sales Professionals:

  • Market research reports help marketing and sales professionals understand customer preferences, market trends, and competitive landscape.
  • This information assists in developing effective marketing strategies, identifying target audiences, positioning products, and gaining a competitive advantage.

Product Development and Innovation Teams:

  • Market research reports provide valuable information on emerging trends, consumer needs, and gaps in the market.
  • Product development and innovation teams rely on these insights to develop new products or improve existing offerings that align with customer demands and market trends.

Investors and Financial Analysts: –

  • Investors and financial analysts use market research reports to assess the potential returns and risks associated with investments in a particular industry or market.
  • The reports provide insights into market growth, competitive landscape, key players, and investment opportunities.

Market Researchers and Consultants: –

  • Market research reports serve as a valuable resource for market researchers and consultants who require comprehensive and up-to-date information on specific industries or markets.
  • They rely on these reports to gather data, analyze market trends, and provide strategic recommendations to clients.

Government and Regulatory Authorities:

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  • These reports help in formulating policies, assessing market competitiveness, and monitoring market conditions.

Academics and Researchers:

  • Market research reports provide a rich source of data and analysis for academic researchers studying market dynamics, industry trends, and consumer behavior.
  • They use these reports to support their research, validate hypotheses, and gain a broader understanding of specific markets.

Key Questions Market Research and Analysis Report

  • What is the current market size, both in terms of value and volume?
  • What is the historical growth rate of the market, and what are the projected growth rates for the future?
  • Who are the major players in the market, and what is their market share?
  • What are the market trends and dynamics influencing the industry?
  • What are the key drivers of market growth?
  • What are the challenges and barriers faced by market participants?
  • What are the emerging opportunities in the market?
  • What is the competitive landscape of the market?
  • What are the consumer preferences, behaviors, and buying patterns within the market?
  • What is the market segmentation, and how are different market segments performing?
  • What are the pricing trends and strategies in the market?
  • What are the distribution channels and their effectiveness in reaching the target audience?
  • What are the regulatory and legal factors impacting the market?

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