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Canned Food - A Global Market Overview
Industry Experts, Sep 2009, Pages: 191
The study reviews, analyzes and projects the global market for Canned Food for the period 2006-2015.
During the tough times of economic downturn, canned food sector is in high demand as the super markets are introducing their own brands particularly for pulses, tomatoes and tuna to attract the consumers looking for low and discounted prices. Canned products such as meats and baked beans are still heavily dominated by the big brands.
The worldwide market for canned food is projected to reach about US$82.5 billion by 2015 from an estimated US$28.6 billion in 2006, growing at a CAGR of 12.5% during the analysis period, 2006-2015.
Major Market Players
The report covers the profiles of 62 key market players out of which 30 are the major global players. The region wise break-up of major players: Europe – 22; North America – 18; Asia-Pacific – 20; and Rest of World – 2. The report also provides the listing of the companies engaged in technology development, manufacturing and the supply of engineering plastics. The global list covers addresses, contact numbers and the website addresses of 363 companies.
Key Trends…
- Latest research clearly shows that canned food -due to the cooking procedures involved have higher concentration of nutrients particularly beta carotene in easily absorbable form. Half-cup of canned tomatoes has 11.8 mg of lycopene (useful to prevent heart-disease and fight cancer) compared to 3.7 mg in fresh, uncooked tomato. Mild heating of spinach and carrots allows easier and increased absorption of carotene –essentially Vitamin A by the body, heat treatment of corn during canning
- The use of canned and frozen food is accompanied with hesitancy as they raise questions about the use of preservatives and retention of nutrients in the food. The application of technology puts these to rest and leaves the restaurants operators better equipped to answer the queries of the customers. Canned food has more utility as it has a long shelf life and is cheaper. Perishable food can be frozen to be used later. The economic down-turn has forced consumers to look for options like
- Heinz Company has acquired Golden Circle and the corporate headquarters will be moved from Brisbane to Melbourne. It will create some positions for the staff while some others would become redundant. The affected staff will be adequately supported with redundancy provisions and assisted in new job search. The company is keen on continuing cordial relations with suppliers and customers
PRODUCT SEGMENTS
- CANNED SOUP
- CANNED COOKING SAUCES
- CANNED MEAT
- CANNED FISH
- CANNED PASTA
- CANNED VEGETABLES
- CANNED FRUITS
- CANNED DESSERTS
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