Report Ocean introduces a fresh report examining the Global Canned Meat Market, encompassing its size, share, growth, industry trends, and forecast up to 2032. This comprehensive analysis delves into various industry components and growth patterns that offer valuable insights for anticipating the market’s future trajectory.
Obtain a comprehensive report on the Global Canned Meat Market, which includes a full table of contents, over 200 tables and figures, and charts. The report provides precise information on the market before and after the COVID-19 outbreak, segmented by region.
Global Canned Meat Market is valued at approximately USD $$ billion in 2022 and is anticipated to grow with a healthy growth rate of more than $% over the forecast period 2023-2032.
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Canned Meat refers to meat preserved in an airtight can or tin. Moreover, the meat is either cooked or raw and is usually chopped and processed into cans for long-term storage. Canned meat contains large amounts of essential nutrients such as proteins, omega-3 fatty acids, fibre. Canned Meat includes a variety of meat-based products such as whole muscles, meat stews, luncheon meat, sausages, sauces with meat pieces, and paste among others. The increasing preference towards packaged & processed foods and growing demand for seafood worldwide as well as rising expansion of quick service restaurants are key factors accelerating the market growth.
The increasing demand for processed and packaged food products is contributing towards the growth of the Global Canned Meat Market. For instance, according to Statista – as of 2022, the revenue in the worldwide processed meat segment is valued at USD 317.70 billion, and the market is expected to grow annually by 3.00% (CAGR 2022-2027) to reach USD 368.30 billion by end of 2027. Moreover, another factor driving the market space is increasing consumption of seafood. For instance, as per Statista – in 2021, the global seafood market was valued at USD 253 billion, and the market is projected to grow to USD 336 billion by 2025. Also, growing expansion of e-commerce platforms and increasing growth of working-class population would create a lucrative growth prospectus for the market over the forecast period. However, the high cost of Canned Meat and health concerns associated with canned food products such as heart disease and diabetes, and other chronic diseases stifle the market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Canned Meat Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to the presence of leading market players and increasing consumption of packaged food items in the region. Whereas Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as rising consumption of seafood, and increasing number of working individuals coupled with rising expansion of online distribution channels in the region.
Major market players included in this report are:
- JBS Foods
- Hormel Foods Corp.
- Tyson Foods, Inc.
- Wild Planet Foods
- Bolton Group
- Vion Food Group
- Mundella Foods
- Campbell Soup Company
- Smithfield Foods
- Valleyfresh Global
Recent Developments in the Market:
In August 2022, Arkansas, USA based Tyson Foods Inc. acquired Pennsylvania, USA based Keystone Foods business from Marfrig Global Foods for a transaction value of USD 2.16 billion. This acquisition includes six processing plants and an innovation center based in the U.S. with locations in Alabama, Georgia, Kentucky, North Carolina, Pennsylvania, and Wisconsin.
In August 2022, Singapore based OTC Holdings launched new plant-based SPAM-style canned vegan meat in Singapore. Moreover, in first quarter of 2023, the company would launch its new products in Malaysia and the Philippines
Global Canned Meat Market Report Scope:
Historical Data: 2019-2020-2021
Base Year for Estimation: 2021
Forecast period: 2022-2029
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Meat Type, Distribution Channel, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope: Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Meat Type
Seafood
Pork
Poultry
Others
By Distribution Channel
Supermarket & Hypermarket
Online
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World
Reasons to Consider Purchasing the Canned Meat Market Report:
Comprehensive Market Insights: Delve into the depths of the Canned Meat Market Report to gain an all-encompassing and meticulous analysis of the market landscape. Uncover details such as market size, share, trends, and growth catalysts, which provide invaluable perspectives on both the present market scenario and its promising future prospects.
Reliable Projections: Rely on the report’s dependable forecasts and projections, which are underpinned by rigorous research methodologies, insights into industry expenditures, and assessments of market expansion rates. These foresights empower businesses to make well-informed decisions and chart out effective strategies for the times ahead.
In-depth Competition Analysis: Equip yourself with an extensive evaluation of key market players, their array of products, and the strategies they employ. This comprehensive understanding arms businesses with the knowledge needed to not only comprehend their rivals but also to craft strategies that position them ahead in the dynamic market arena.
Clear Market Scope and Segmentation: Gain clarity on the broad expanse of the market through the report’s clear delineation of market scope. With detailed insights into diverse market segments and their growth potential, businesses can discern and capitalize on opportunities that align with their objectives.
Insightful Regional Examination: Assess the market’s performance across different regions, enabling enterprises to pinpoint lucrative markets and tailor their approaches accordingly. With region-specific insights, businesses can adapt strategies that resonate with the unique dynamics of each area.
Evaluation of Industry Technology: Grasp the pulse of technological progress within the Canned Meat market. The report dissects cutting-edge advancements and trends, providing businesses with a window into emerging technologies that have the potential to reshape the industry.
Dynamics of Supply and Demand: Acquire a profound comprehension of supply-demand dynamics. This understanding empowers businesses to optimize production, distribution, and inventory management processes, resulting in enhanced operational efficiency.
Informed Investment Decision Making: Leverage the report’s critical information and data-driven insights to facilitate informed investment choices within the Canned Meat market. Equipped with this knowledge, businesses can confidently allocate resources to avenues with the greatest potential for returns.
Unveiling Long-Term Growth Avenues: Through the scrutiny of trends and growth stimulants, the report illuminates the enduring opportunities the Canned Meat market holds. By identifying these sustainable growth prospects, businesses are poised to set a course for lasting success.
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