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Canned Foods - Global Market Trajectory & Analytics

  • ID: 5029800
  • Report
  • February 2022
  • Region: Global
  • 518 Pages
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • Ayam Sarl
  • Bumble Bee Foods, LLC
  • Dole Food Company, Inc.
  • JBS Global Ltd.
  • Seneca Foods Corporation
  • The Calvo Group

Global Canned Foods Market to Reach $148.8 Billion by 2026


Canning refers to the long-term preservation of food by packing it into airtight containers like steel and tin cans and mason jars. 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 first step in canning is processing where the food undergoes cooking, peeling, pitting, shelling, boning or slicing. The processed food is then sealed in cans and then heated to destroy toxic bacteria and avoid spoilage. These processes make food stable for the shelf and safe for consumption from one to five years. Boiling, exertion of high temperature over sustained periods, pasteurization, freezing, vacuum treatment, refrigeration, food compatible antimicrobial agent infusions are some common procedures used for the prevention of food spoilage before containment. Other processes used are ionizing radiation, immersion in highly saline solution, osmotically tough microbial combating environments and solutions that are highly acidic or basic.

Amid the COVID-19 crisis, the global market for Canned Foods estimated at US$110.9 Billion in the year 2020, is projected to reach a revised size of US$148.8 Billion by 2026, growing at a CAGR of 4.8% over the analysis period. Canned Fish & Seafood, one of the segments analyzed in the report, is projected to grow at a 5% CAGR to reach US$49.5 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 Ready Meals segment is readjusted to a revised 5.3% CAGR for the next 7-year period. This segment currently accounts for a 25.6% share of the global Canned Foods market.



The U.S. Market is Estimated at $34.3 Billion in 2021, While China is Forecast to Reach $17.9 Billion by 2026

The Canned Foods market in the U.S. is estimated at US$34.3 Billion in the year 2021. The country currently accounts for a 29.04% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$17.9 Billion in the year 2026 trailing a CAGR of 5.9% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.9% and 4.5% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.2% CAGR while Rest of European market (as defined in the study) will reach US$18.8 Billion by the close of the analysis period.
The global market is set to continue its growth trajectory driven primarily by growing consumer perception about metal being a superior material compared to plastic and cartons in terms of retaining the flavor of the food as well as maintaining the safety of the packaged product. Additionally, canned food requires less energy for storage as this packaging often allows food to be stored without refrigeration. In addition to retaining the safety and quality of packaged food, cans are also economical and environment-friendly, making them an ideal material for food packaging. Canning is also known to retain the freshness of food; making cans the ideal choice of packaging for food products such as fruits and vegetables, which are often transported to long distances. As a truly sustainable and economical source of food packaging, metal cans are set to continue their dominance in the food packaging sector. An increase in the number of working women increased the consumer dependency on convenience foods and ready meals, which in turn led to the rise in demand for nutritious and shelf-stable food and consequentially propels the market growth of canned food.

The increasing urban population which is preferring convenience foods instead of home-cooked food is the key factor driving the market growth of canned food. Because of the hectic lifestyle, consumers are ready to pay more to purchase ready-to-cook seafood, meat, and meals, to save time. The increasing awareness among the consumers regarding the plastic packaging hazards, increasing recycling rates, and the requirement of sustainable solutions are propelling the canned food products market. Additionally, the growing awareness of the consumers regarding the benefits of consuming fresh food is driving the demand for alternative techniques or packaging. Consumers are also increasingly spending on organic foods, due to increased health concerns, which in turn provides an opportunity for the manufacturers to concentrate on canned organic food products. The manufacturers are focusing on offering canned organic food with high nutritional value, taste, and quality, with a variety of options to attain a competitive edge in the market of canned food. The high demand of the consumers for health food rich in functional fibers, protein, omega-3 fatty acids, and vitamins, is driving the consumers to prefer canned food products.

Canned Vegetables Segment to Reach $24 Billion by 2026


In the global Canned Vegetables segment, USA, Canada, Japan, China and Europe will drive the 4.2% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$15.1 Billion in the year 2020 will reach a projected size of US$20.1 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$2.5 Billion by the year 2026, while Latin America will expand at a 4.9% CAGR through the analysis period.

Select Competitors (Total 167 Featured) -

  • Ayam Sarl
  • Bolton Group S.r.l.
  • Bösch Boden Spies GmbH & Co. KG
  • Brunswick Seafood
  • Bumble Bee Foods, LLC
  • Campbell Soup Company
  • Del Monte Food, Inc.
  • Delicia Foods India Pvt. Ltd.
  • Dole Food Company, Inc.
  • Dongwon Industries Co.
  • Hanover Foods Corporation
  • JBS Global Ltd.
  • Maruha Nichiro Corporation
  • Nestlé S.A.
  • Rhodes Food Group
  • Seneca Foods Corporation
  • StarKist Co.
  • Thai Union Group
  • The Calvo Group
  • The Kraft Heinz Company
  • Trident Seafoods Corporation
  • Tropicana Products, Inc.
  • Visy Industries
  • Welch Foods Inc.
  • Wild Planet Foods Inc
Frequently Asked Questions about the Global Market for Canned Foods

What is the estimated value of the Global Market for Canned Foods?

The Global Market for Canned Foods was estimated to be valued at $110.9 Billion in 2020.

What is the growth rate of the Global Market for Canned Foods?

The growth rate of the Global Market for Canned Foods is 5.0%, with an estimated value of $148.8 Billion by 2026.

What is the forecasted size of the Global Market for Canned Foods?

The Global Market for Canned Foods is estimated to be worth $148.8 Billion by 2026.

Who are the key companies in the Global Market for Canned Foods?

Key companies in the Global Market for Canned Foods include Ayam Sarl, Bolton Group S.r.l., Bösch Boden Spies GmbH & Co. KG, Brunswick Seafood, Bumble Bee Foods, LLC, Campbell Soup Company, Del Monte Food, Inc., Delicia Foods India Pvt. Ltd. and Dongwon Industries Co..
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Ayam Sarl
  • Bumble Bee Foods, LLC
  • Dole Food Company, Inc.
  • JBS Global Ltd.
  • Seneca Foods Corporation
  • The Calvo Group

I. METHODOLOGY


II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Canned Foods - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Impact of COVID-19 Pandemic and Looming Global Recession
  • 2020 Marked as a Year of Disruption & Transformation
  • World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
  • Pandemic Spurs Demand for Canned Foods
  • An Introduction to Canned Foods
  • Technical Process of Sealing and Canning
  • Advantages of Canning
  • Disadvantages of Canning
  • Global Market Prospects & Outlook
  • Canned Seafood & Fish Products Lead Canned Foods Market
  • Supermarkets/Hypermarkets: Leading Distribution Channel for Canned Foods
  • Developing Regions to Spearhead Long-term Growth
  • Competition
  • World Brands
  • Recent Market Activity

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Increasing Demand for Convenience Fuels Sales of Packaged & Processed Foods, Presenting Opportunities for Canned Foods
  • Global Processed Foods Market Revenues (in $ Billion) for the Years 2019, 2022 and 2025
  • Growing Popularity of Ready-to-Eat & Ready-to-Prepare Foods Holds Promise for Canned Foods
  • Global Ready Meals Market Breakdown by Frozen & Chilled, Canned and Dried Meals (in %) for 2020
  • Consumers Show Inclination Towards Organic and Clean Label Canned Foods
  • Global Organic Foods & Beverages Market Size (in US$ Million) by Region/Country for the Years 2020 & 2027
  • Organic Canned Fruits: A Growth Opportunity
  • Canned/Tinned Foods Hold Prominence Amidst Rising Concerns over Plastic Packaging for Food Products
  • COVID-19 Impacts Demand for Canned Foods from Restaurants & Food Service Industry
  • Pandemic Severely Dents Prospects in Foodservice Industry, Affecting Demand for Canned Foods
  • Food Service Industry Hit Hard by the COVID-19 Pandemic: YoY Change (in %) in Number of Daily Seated Diners at Restaurant due to Outbreak during February-July 2020
  • Popularity of Online Food Delivery Provides Growth for Canned Foods in Restaurant Sector
  • Global Online Food Delivery Services Market Size (in US$ Billion) for 2019, 2021, 2023 & 2025
  • Canned Fruits Market: Promising Growth Ahead
  • Global Fruit Production (In Million Tons) for 2007, 2012, 2017, 2019 and 2022
  • Global Fruit Production by Country (In Million Tons) for 2017 and 2019
  • Numerous Benefits of Canned Fruits Consumption Fuels Market Growth
  • Canned Pineapple Market Exhibits Stable Growth
  • Promise of High Nutrient Content and Freshness of Frozen Fruits Presents a Challenge for Canned Fruits Market
  • World Market for Processed Fruits and Vegetables: Breakdown of Revenue by Segment (in %) for 2020
  • Industry Participants Adopt Innovative Strategies to Boost Demand for Canned Fruits
  • Challenges Facing Canned Fruits Market
  • Canned Meat Sales Benefit from Growing Consumer Demand for Protein-Rich Foods
  • % YoY Change in Sales of Select Canned Foods in Canada for Week Ending March 2020 Vs 2019
  • Changing Consumer Lifestyles and Resultant Demand for Processed Meat Bodes Well for Canned Meat & Seafood Market
  • Global Meat Consumption in Thousand Metric Tons for Beef & Veal, Pork and Chicken Meat: 2017-2021
  • Stable Demand for Safe and Convenient Seafood Sustains Market for Canned Fish & Seafood
  • US Per Capita Consumption Select Seafood Species (In Pounds/person/year) for 2019
  • Global Canned Seafood Market by Product (in %) for 2020
  • Canned Tuna Demand amid COVID-19 Pandemic
  • Superiority of Metal over Other Packaging Materials Drive Widespread Adoption in Food Packaging
  • Key Advantages of Metal Packaging
  • Complete Recyclability Provides a Critical Advantage
  • Steel: A Sustainable Packaging Metal for Food Items
  • Innovations, Sustainability and Environmental Impact Add to the Importance of Metal Cans in Food Packaging
  • Resealability of Food & Beverage Cans: An Important Innovation
  • CanSeal Pro for Cans Offers Superior Barrier Protection
  • MaXQ for Tracking and Traceability
  • Advancements in Food Canning Materials
  • Expanding Distribution Channels: Potential for Wider Reach of Canned Foods
  • Global e-Commerce Market Growth Outlook (In %) For Years 2019 Through 2025
  • Favorable Demographic Trends Strengthen Market Prospects
  • Ballooning Global Population
  • World Population (in Thousands) by Geographic Region for the Years 2019, 2030, 2050, 2100
  • Urbanization Trend
  • World Urban Population in Thousands: 1950-2050P
  • Burgeoning Middle Class Population
  • Global Middle Class Population (In Million) by Region for the Years 2020, 2025 and 2030
  • Global Middle Class Spending (US$ Trillion) by Region for the Years 2020, 2025, 2030
  • Key Challenges Facing Canned Food Market

4. GLOBAL MARKET PERSPECTIVE


III. MARKET ANALYSIS

UNITED STATES

  • Canned Foods Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)
  • An Insight into Canned Foods Market in the US
  • US Canned Fruits Market: An Overview
  • Per Capita Consumption of Canned Fruits in the US for the Period 2000 through 2019
  • Food Service and Institutional Sectors Present Growth Opportunities for Canned Pears Market
  • Testing Times for the Domestic Canned Peaches Market
  • Innovations in Food Can Packages to Augment Demand
  • Competition
  • US Canned Fruits Market Share (in %) by Company: 2020E

CANADA

JAPAN

  • Canned Foods Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)

CHINA

  • Canned Foods Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)
  • Canned Food Market in China: An Overview
  • China: A Major Canned Fruits Market

EUROPE

  • Canned Foods Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)
  • An Overview of Canned Fruits and Vegetables Market in Europe

FRANCE

  • Canned Foods Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)

GERMANY

  • Canned Foods Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)

ITALY

UNITED KINGDOM

  • Canned Foods Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)

SPAIN


RUSSIA


REST OF EUROPE

ASIA-PACIFIC

  • Canned Foods Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)

AUSTRALIA

  • Canned Foods Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2022 (E)

INDIA

  • Canned Foods Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2022 (E)

SOUTH KOREA


REST OF ASIA-PACIFIC

LATIN AMERICA

  • Canned Foods Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2022 (E)

ARGENTINA


BRAZIL


MEXICO


REST OF LATIN AMERICA

MIDDLE EAST

  • Canned Foods Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2022 (E)

IRAN


ISRAEL


SAUDI ARABIA


UNITED ARAB EMIRATES


REST OF MIDDLE EAST

AFRICA

  • Canned Foods Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2022 (E)

IV. COMPETITION

  • Total Companies Profiled: 167
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • Ayam Sarl
  • Bolton Group S.r.l.
  • Bösch Boden Spies GmbH & Co. KG
  • Brunswick Seafood
  • Bumble Bee Foods, LLC
  • Campbell Soup Company
  • Del Monte Food, Inc.
  • Delicia Foods India Pvt. Ltd.
  • Dole Food Company, Inc.
  • Dongwon Industries Co.
  • Hanover Foods Corporation
  • JBS Global Ltd.
  • Maruha Nichiro Corporation
  • Nestlé S.A.
  • Rhodes Food Group
  • Seneca Foods Corporation
  • StarKist Co.
  • Thai Union Group
  • The Calvo Group
  • The Kraft Heinz Company
  • Trident Seafoods Corporation
  • Tropicana Products, Inc.
  • Visy Industries
  • Welch Foods Inc.
  • Wild Planet Foods Inc
Note: Product cover images may vary from those shown