2017-2022 Canned Food Industry Global Growth, Production, Revenue, Demand & Applications
March 9, 2017 in Business
The global canned food industry is expected to reach USD 105 billion by 2021, growing at a CAGR growth of 3.8%. Brand image and customer loyalty are considered important for the continuous growth of the global canned food industry. Innovative product offerings with a focus on convenience, quality and eco-friendliness are expected to drive the market growth.
The long shelf-life of canned food products and the convenience offered by them act as the major growth drivers for the industry. The changing consumer patterns in terms of food habits due to the influence of western culture have also fueled the demand for canned food in the Asia-Pacific and South American regions. The excess sugar and salt content in food items may lead to significant health issues that can create hurdles for market growth. New product development, high investment in R&D and growing demand in the developing world are growth opportunities for the canned food industry.
The global canned food market is segmented on the basis of product type into meat products, fish/seafood, vegetables, fruit, ready to eat meals, desserts, pasta/noodles, cooking sauces and soups. The fish and seafood segment is reported to be the fastest growing, given the high demand, sustainably sourced products and proper value additions within the sector. The report discusses the market revenue in terms of distribution channels such as specialty stores, independent stores, online sales, convenience stores, supermarkets and hypermarkets, etc.
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The canned food market has been geographically segmented into North America, Europe, Asia-Pacific, South America and Africa. The market is currently dominated by Europe, followed by North America. The market in the Asia-Pacific region is also expected to experience a boom in the coming years. The slowly evolving and changing food habits along with growing urbanization play a vital role in driving the growth of the canned fruits industry in countries like India and China.
The major factors driving the growth of the canned food market are increasing preference for convenience foods, food safety concerns, and busy lifestyles. While companies are investing heavily in product development by strengthening their R&D initiatives for the long-term, strategic alliances and agreements with regional players are adopted heavily for better market penetration in regions like South America and Asia-Pacific.
Some of the major players in the market include:
· Atria Group
· Bolton Group International
· ConAgra Foods Inc.
· Del Monte Foods
· H.J. Heinz Company
· Pinnacle Foods
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Key Deliverables in the Study
Market analysis for the canned food market, with region-specific assessments and competition analysis on the global and regional scale.
Market definition along with the identification of key drivers and restraints.
Identification of factors instrumental in changing the market scenario, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale.
Extensively researched competitive landscape section with profiles of major companies along with their market share.
Identification and analysis of the macro and micro factors that affect the canned food market on both global and regional scale.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market.
Insights on the major countries/regions where this industry is growing and to also identify the regions that are still untapped.
Major Points from Table of Content:
2. Research Approach & Methodology
3. Market Overview
4. Market Segmentation
5. Competitive Landscape
6. Company Profiles
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