The global canned food market is expected to reach USD 118 billion by 2023, at a CAGR of 3.8%, during the forecast period (2018-2023). The growing trend in the canned food market is innovations in packaging. With increase in demand for chemical-free canned foods, manufacturers are focusing on innovations in packaging. Many brands of canned food products have started offering food in BPA-free containers.
The growing trend for organic canned fruits and vegetables and focus on social media marketing and promotions further adds to the revenue generating factors in the global canned food market.
Canned food requires less preparation time and are considered convenient to use, which has led to its popularity in the global market. The demand for sealed and tamper-proof steel container food is high, as they protect food from harmful bacteria. Also, due to hectic and busy lifestyles of consumers, canned food is expected to gain more importance. The process of canning helps in preserving the quality of food products and preventing food spoilage, which subsequently increases their shelf life.
However, major restraining factors affecting the global canned food packaging market are availability of alternative packaging solutions, high cost of metals, introduction of polyethylene terephthalate, and high-density polyethylene materials. Also, canned foods are subject to the risk of BPA, which is hazardous to health.
Factors, such as, innovations in packaging, high investment in R&D, and increasing demand in the Asia-Pacific region, reflect the growth opportunities for the global canned food market.
The global canned food market is segmented by type, distribution channel, and region. The fish & seafood segment is reported to be the fastest growing segment, given the high demand and sustainably sourced products. During 2015, the sale of canned food through supermarkets and hypermarkets was the most significant, due to the availability of a vast array of products, at a discounted price. Supermarkets and hypermarkets are also the ideal venues for vendors to launch their products.
The market is currently dominated by Europe, followed by North America. The evolving and changing food habits, along with increasing urbanization is driving the growth of the canned fruit products in countries, like India and China.
March 2016 - Del Monte, one of the largest producers in the region, distributors, and marketers of premium quality, branded food products, announced plans for conversion to non-BPA packaging and an increase in the non-GMO product offerings.
Major players - ATRIA GROUP, CAMPBELL SOUP, CONAGRA FOODS INC., DANISH CROWN, DELMONTE PACIFIC LTD., H.J. HEINZ COMPANY, HORMEL FOODS, JBS, LA DORIA, NESTLE, PINNACLE FOODS INC., among others.
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Table of Contents
- 1.1 Key Deliverables of the Study
- 1.2 Study Assumptions
- 1.3 Market Definition
2. Research Approach & Methodology
- 2.1 Introduction
- 2.2 Research Designs
- 2.3 Study Timelines
- 2.4 Study Phases
- 2.4.1 Secondary Research
- 2.4.2 Discussion Guide
- 2.4.3 Market Engineering and Econometric Modeling
- 2.4.4 Expert Validation
3. Market Overview
- 3.1 Drivers
- 3.1.1 Increased Preference for Convenience Food Products
- 3.1.2 Longer Shelf Life of Canned Food Products
- 3.1.3 Demand for Canned Food Due to the Benefits Offered
- 3.2 Constraints
- 3.2.1 Increasing Health Issues
- 3.2.2 Increasing Substitutes for Canned Food Products
- 3.3 Opportunities
- 3.3.1 Increased Demand in the Developing Regions
- 3.3.2 Increased Focus on Product Development
- 3.4 Porters Five Forces Analysis
- 3.4.1 Bargaining Power of Suppliers
- 3.4.2 Bargaining Power of Buyers
- 3.4.3 Threat of New Entrants
- 3.4.4 Threat of Substitute Products and Services
- 3.4.5 Degree of Competition
- 3.5 Consumer Behavior Analysis
- 3.5.1 Consumer Demand Analysis
- 3.5.2 Target Market Identification
4. Market Segmentation
- 4.1 By Type
- 4.1.1 Canned Meat Products
- 4.1.2 Canned Fish/Seafood
- 4.1.3 Canned Vegetables
- 4.1.4 Canned Fruit
- 4.1.5 Canned Ready to Eat Meals
- 4.1.6 Others
- 4.2 By Distribution Channel
- 4.2.1 Specialist Retailers
- 4.2.2 Internet Sales
- 4.2.3 Super Markets/ Hyper Markets
- 4.2.4 Convenience Stores
- 4.2.5 Others
- 4.3 By Geography
- 4.3.1 North America
- 188.8.131.52 US
- 184.108.40.206 Canada
- 220.127.116.11 Mexico
- 18.104.22.168 Rest of North America
- 4.3.2 Europe
- 22.214.171.124 Germany
- 126.96.36.199 UK
- 188.8.131.52 France
- 184.108.40.206 Spain
- 220.127.116.11 Italy
- 18.104.22.168 Russia
- 22.214.171.124 Rest of Europe
- 4.3.3 Asia-Pacific
- 126.96.36.199 China
- 188.8.131.52 Japan
- 184.108.40.206 India
- 220.127.116.11 Australia
- 18.104.22.168 Rest of Asia-Pacific
- 4.3.4 South America
- 22.214.171.124 Brazil
- 126.96.36.199 Argentina
- 188.8.131.52 Rest of South America
- 4.3.5 Africa
- 184.108.40.206 South Africa
- 220.127.116.11 Rest of Africa
5. Competitive Landscape
6. Company Profiles
- 6.1 Atria Group
- 6.2 Campbell Soup
- 6.3 ConAgra Foods Inc.
- 6.4 Danish Crown
- 6.5 DelMonte Pacific Ltd.
- 6.6 H.J. Heinz Company
- 6.7 Hormel Foods
- 6.8 JBS
- 6.9 La Doria
- 6.10 Nestle
- 6.11 Pinnacle Foods Inc.