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Canned Fruits - Global Market Trajectory & Analytics

  • ID: 4845873
  • Report
  • May 2021
  • Region: Global
  • 397 pages
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • CHB Group
  • Del Monte Food, Inc.
  • Dole Packaged Foods LLC
  • Golden Circle
  • Princes Limited
  • Seneca Foods Corporation
  • MORE

Global Canned Fruits Market to Reach $12.7 Billion by 2026


Food canning is defined as a technique to store food at standard temperatures by keeping food in tightly closed vacuum-sealed containers and heat processing properly. Canning process involves washing, sorting/grading, preparation, container filling, exhausting, container sealing, heat sterilization, cooling, labeling/casing and shipment storage. The canning of fruits and vegetables has witnessed a shift in equipment usage from batch units to continuous units, where cans are passed through an air lock and are then subjected to rotation in a pressurized heat compartment, followed by cooling in a cold-water cooler compartment. Amid the COVID-19 crisis, the global market for Canned Fruits estimated at US$10.5 Billion in the year 2020, is projected to reach a revised size of US$12.7 Billion by 2026, growing at a CAGR of 3.4% over the analysis period. Canned Peaches, one of the segments analyzed in the report, is projected to grow at a 4.4% CAGR to reach US$3.8 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Canned Mixed Fruit segment is readjusted to a revised 3.6% CAGR for the next 7-year period. This segment currently accounts for a 20.9% share of the global Canned Fruits market.

The U.S. Market is Estimated at $2.8 Billion in 2021, While China is Forecast to Reach $2.4 Billion by 2026


The Canned Fruits market in the U.S. is estimated at US$2.8 Billion in the year 2021. The country currently accounts for a 27.05% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$2.4 Billion in the year 2026 trailing a CAGR of 5.5% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2% and 2.7% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 2.5% CAGR while Rest of European market (as defined in the study) will reach US$2.6 Billion by the end of the analysis period.

Growth in the market is driven by factors such as increased shelf life of the fruits due to use of better food preservation methods, rapid urbanization rates, busy lifestyles, and rising demand for convenience foods among other factors. Increase in nuclear households and rising disposable incomes of households have led to changes in food consumption habits of consumers, with convenience foods finding favor among consumers. Increase in working women across the world, easier availability of a wider variety of fruits which can be canned are other factors promoting market growth. Canned fruits are available regardless of the seasons and also do not have the stalks, peels and pits that need to be removed, which adds on to the convenience factor.

Canned Pineapples Segment to Reach $2.2 Billion by 2026


Canned pineapple is packed in unique flat cans that have a capacity of 4-5 slices. A can of twenty ounces usually can hold ten cored slices, while a thirty-ounce can holds 8 slices. Canned pineapple is available as spears, cored cylinders or as a whole and also comes in chunks, big cubes, small pieces or crushed. In the global Canned Pineapples segment, USA, Canada, Japan, China and Europe will drive the 2.7% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.4 Billion in the year 2020 will reach a projected size of US$1.7 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$282.6 Million by the year 2026, while Latin America will expand at a 3% CAGR through the analysis period.

Select Competitors (Total 77 Featured) -

  • A. CLOUET & CO (KL) SDN. BHD
  • CHB Group
  • Del Monte Food, Inc.
  • Delicia Foods India Pvt. Ltd.
  • Dole Packaged Foods LLC
  • Golden Circle
  • Princes Limited
  • Rhodes Food Group Holdings Ltd
  • Seneca Foods Corporation
  • Tiger Brands Limited
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • CHB Group
  • Del Monte Food, Inc.
  • Dole Packaged Foods LLC
  • Golden Circle
  • Princes Limited
  • Seneca Foods Corporation
  • MORE
I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Food Canning: An Introduction
  • Canned Fruits
  • Canned Fruits Market: Current Scenario and Outlook
  • Exhibit 1: Global Fruit Production (In Million Tons) for 2007, 2012, 2017, 2019 and 2022
  • Exhibit 2: Global Fruit Production by Country (In Million Tons) for 2017 and 2019
  • Europe and North America Lead the Global Canned Fruits Market
  • Supermarkets: The Major Distribution Channel for Canned Fruits
  • Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
  • A. CLOUET & CO (KL) SDN. BHD (Malaysia)
  • CHB Group (Greece)
  • Del Monte Food, Inc. (USA)
  • Delicia Foods India Pvt. Ltd. (India)
  • Dole Packaged Foods LLC (USA)
  • Golden Circle (Australia)
  • Princes Limited (UK)
  • Rhodes Food Group Holdings Ltd (South Africa)
  • Seneca Foods Corporation (USA)
  • Tiger Brands Limited (South Africa)
3. MARKET TRENDS & DRIVERS
  • Numerous Benefits of Canned Fruits Consumption Fuels Market Growth
  • Rapidly Expanding Market for Fruits and Vegetables Processing Market Reflects High Potential for Canned Fruits Market
  • Exhibit 3: Global Processed Fruits and Vegetables Market Size in US$ Billion for the Years 2019, 2021, 2023 and 2025
  • Evolving and Changing Food Habits Influence Demand Dynamics of Canned Fruits Market
  • Growing Demand for Convenience Foods with High Nutritional Value Drives Consumption of Canned Fruits
  • Organic Canned Fruits: A Growth Opportunity
  • Exhibit 4: Increase in Organic Farming Presents Opportunity for Organic Canned Fruits Market: Global Organic Agricultural Land in Million Hectares for the Years 2010, 2012, 2014, 2016 and 2018
  • Canned Pineapple Market Exhibits Stable Growth
  • Exhibit 5: Canned Pineapple Exports in Asia: Percentage Volume Breakdown by Country for 2018
  • Promise of High Nutrient Content and Freshness of Frozen Fruits Presents a Challenge for Canned Fruits Market
  • Exhibit 6: World Market for Processed Fruits and Vegetables: Breakdown of Revenue by Segment (in %) for 2019
  • Strict Testing and Monitoring Regulations for Canned Fruits Hamper Growth Prospects
  • Rising Demand for Fresh Produce and Minimally Processed Foods Impacts Market Outlook
  • Impact of Climate Change on Fruit Production and Processing: A Major Challenge
  • Significant Role of Canned Fruits in Reducing Food Wastage
  • Industry Participants Opt for Innovative Strategies to Boost Demand for Canned Fruits
  • Megatrends Impact Canned Fruits Market Prospects
  • Expanding Global Population
  • Exhibit 7: World Population (in Thousands) by Geographic Region for the Years 2019, 2030, 2050, 2100
  • Exhibit 8: Top Countries Worldwide in Terms of Population in Millions for the Years 1990, 2019 and 2050
  • Urbanization Trend
  • Exhibit 9: World Urban Population in Millions: 1950-2050P
  • Exhibit 10: Degree of Urbanization Worldwide: Urban Population as a % of Total Population by Geographic Region for the Years 1950, 1970, 1990, 2018, 2030 and 2050
  • Exhibit 11: Percentage of Urban Population in Select Countries for 2018, 2020, 2030, 2040 and 2050
  • Burgeoning Middle Class Population and Improving Standards of Living
  • Exhibit 12: Global Middle Class Population (In Million) by Region for the Years 2020, 2025 and 2030
  • Exhibit 13: Global Middle Class Spending (US$ Trillion) by Region for the Years 2020, 2025, 2030
4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

UNITED STATES
  • US Canned Fruits Market: An Overview
  • Exhibit 14: US Canned Foods Market Share Breakdown (in %) by Product for 2019
  • Exhibit 15: Per Capita Consumption of Canned Fruits in the US for the Period 2000 through 2019
  • Amidst Falling Demand, Food Service and Institutional Sectors Present Growth Opportunities for Canned Pears Market
  • Testing Times for the Domestic Canned Peaches Market
  • Import Export Statistics
  • Exhibit 16: Imports of Canned Pineapple in the US: Percentage Breakdown of Value Imports by Country for 2018
  • Exhibit 17: Imports of Canned Peaches in the US: Percentage Breakdown of Value Imports by Country for 2018
  • Exhibit 18: Imports of Canned Pears in the US: Percentage Breakdown Value Imports by Country for 2018
CANADA

JAPAN

CHINA
  • China: A Major Canned Fruits Market
EUROPE
  • An Overview of Canned Fruits and Vegetables Market in Europe
FRANCE

GERMANY

ITALY

UNITED KINGDOM

SPAIN

RUSSIA

REST OF EUROPE

ASIA-PACIFIC

AUSTRALIA

INDIA

SOUTH KOREA

REST OF ASIA-PACIFIC

LATIN AMERICA

ARGENTINA

BRAZIL

MEXICO

REST OF LATIN AMERICA

MIDDLE EAST

IRAN

ISRAEL

SAUDI ARABIA

UNITED ARAB EMIRATES

REST OF MIDDLE EAST

AFRICA

IV. COMPETITION
  • Total Companies Profiled: 67
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • A. CLOUET & CO (KL) SDN. BHD
  • CHB Group
  • Del Monte Food, Inc.
  • Delicia Foods India Pvt. Ltd.
  • Dole Packaged Foods LLC
  • Golden Circle
  • Princes Limited
  • Rhodes Food Group Holdings Ltd
  • Seneca Foods Corporation
  • Tiger Brands Limited
Note: Product cover images may vary from those shown
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