The canned goods market research report studies the market for the forecast period that provides a detailed outlook of the market related to the drivers, opportunities, challenges, and trends and the vital aspects that could influence the market result of the targeted years.
Seafood, fruits and vegetables, chocolates and desserts, soups and sauces, lentils, and pasta are just a few examples of commercially available canned goods. As the number of working women has grown, so has customer reliance on ready-to-eat meals and convenience foods. As a result of time restrictions and the simplicity of preparation, demand for healthy and shelf-stable food products has increased, boosting the growth of the canned goods market. It also includes data on comprehensive and distinct evaluations of the worldwide canned goods market drivers and restraints, a detailed analysis of market segmentation, and important market developments. The global canned goods market in COVID-19 was valued USD 20,820.5 million in 2021 and is projected to grow at a CAGR of 3.8% during 2021-2030.
The market research report covered the key market player of the global canned goods market and the market position held by them along with the functionality through the recent years. It contains a thorough insight into the most recent business approaches like partnerships, mergers, acquisitions, product launching, collaboration as well as the growth of production components. Within this period, the report explains the important investment in research and development actions from key market players that helps in enlarging their current business operations and geographic reach. Apart from this, the report examines the reach of expansion as well as the market chances of new market players.
The global canned goods market research report provides a succinct summary of the segment as well as sub-segments like application, players, areas and areas to extend the important facets of the market. The market research report aims to focus on the COVID 19 outbreak as well as its influence on the present market and provides a detailed explanation related to the market position in the upcoming several years. The analysis analyzes the information in a detailed way related to the market dynamics and the stream of the worldwide supply chain of the market that is affected by the rising pandemic. All this important information of this market research report intends to present a strong principle for those readers to take needful business decisions related to the investment on the market as it analyzes the things that are going to influence the current and future market scenario.
The canned goods market market research report offers a comprehensive analysis of the segments of the global canned goods market. But it also provides a wide outlook related to the functionality, expansions, opportunities and the market evaluation of every segment together with the anticipated CAGR including the different types of a sub segment of every segment throughout the forecast period. Apart from this the segmentation part contains controlling and driving factors to describe the possible growth of the market. The study is important for businesses that broadly use the product due to the respective applications. A detailed explanation and provided related to the regions of application that explain what the item is used by the businesses to leverage their company portfolio.
The market research report conducts detailed research about the possible expansion, revenue share, opportunities, and important challenges of the leading regions like Europe, North America, South America, Asia Pacific, Middle East & Africa of the global canned goods market.
From both a qualitative and quantitative standpoint, this study provides a full insight of global demand for global canned goods market during the predicted period. The analysis also includes competitive market effect measures for the forecast period, as well as an in-depth look at the main global canned goods businesses.
Seafood, fruits and vegetables, chocolates and desserts, soups and sauces, lentils, and pasta are just a few examples of commercially available canned goods. As the number of working women has grown, so has customer reliance on ready-to-eat meals and convenience foods. As a result of time restrictions and the simplicity of preparation, demand for healthy and shelf-stable food products has increased, boosting the growth of the canned goods market. It also includes data on comprehensive and distinct evaluations of the worldwide canned goods market drivers and restraints, a detailed analysis of market segmentation, and important market developments. The global canned goods market in COVID-19 was valued USD 20,820.5 million in 2021 and is projected to grow at a CAGR of 3.8% during 2021-2030.
The market research report covered the key market player of the global canned goods market and the market position held by them along with the functionality through the recent years. It contains a thorough insight into the most recent business approaches like partnerships, mergers, acquisitions, product launching, collaboration as well as the growth of production components. Within this period, the report explains the important investment in research and development actions from key market players that helps in enlarging their current business operations and geographic reach. Apart from this, the report examines the reach of expansion as well as the market chances of new market players.
The global canned goods market research report provides a succinct summary of the segment as well as sub-segments like application, players, areas and areas to extend the important facets of the market. The market research report aims to focus on the COVID 19 outbreak as well as its influence on the present market and provides a detailed explanation related to the market position in the upcoming several years. The analysis analyzes the information in a detailed way related to the market dynamics and the stream of the worldwide supply chain of the market that is affected by the rising pandemic. All this important information of this market research report intends to present a strong principle for those readers to take needful business decisions related to the investment on the market as it analyzes the things that are going to influence the current and future market scenario.
The canned goods market market research report offers a comprehensive analysis of the segments of the global canned goods market. But it also provides a wide outlook related to the functionality, expansions, opportunities and the market evaluation of every segment together with the anticipated CAGR including the different types of a sub segment of every segment throughout the forecast period. Apart from this the segmentation part contains controlling and driving factors to describe the possible growth of the market. The study is important for businesses that broadly use the product due to the respective applications. A detailed explanation and provided related to the regions of application that explain what the item is used by the businesses to leverage their company portfolio.
Regional Markets
The market research report conducts detailed research about the possible expansion, revenue share, opportunities, and important challenges of the leading regions like Europe, North America, South America, Asia Pacific, Middle East & Africa of the global canned goods market.
Key Questions Answered In The Report:
- Which segment is estimated to generate the highest market revenue over the forecast period?
- What is the name of the dominant market there and what are the market share held by them?
- Which region is expected to hold the highest market size?
- What are the opportunities and challenges faced by the leading market players?
Reasons to buy this report:
- Estimation of market size for global canned goods market on a regional and worldwide scale.
- The one-of-a-kind research design for estimating and forecasting global canned goods market size.
- Profiles of important players in the global canned goods market, including recent developments.
- Broad scope to support all stakeholders in the global canned goods market by covering all conceivable segments.
- Detailed Segmentation to help each stakeholder in market
- 2500+ data points in 60+ tables with focus on historic demand, estimated demand, and demand forecast
- Impact of COVID-19 on demand estimation & forecasts (2020 onward)
- Separate analysis of each segment to understand market deviation due to Covid-19 from 2020 onwards
- Coverage across 5 major regions: North America, Europe, Asia Pacific, Middle East & Africa, and South America
- Country level demand of the 25+ major markets with key trends & factors influencing the same
What is the report about?
From both a qualitative and quantitative standpoint, this study provides a full insight of global demand for global canned goods market during the predicted period. The analysis also includes competitive market effect measures for the forecast period, as well as an in-depth look at the main global canned goods businesses.
Table of Contents
1 Market Abstract
2 Market Introduction
3. Research Practice
4 Key Related Data
5 Market Development Analysis
6 Canned Goods Market, by Type
7 Canned Goods Market, by Packaging Material
8 Canned Goods Market, by Packaging Size
9 Canned Goods Market, by Application
10 Canned Goods Market, Regional Analysis
11 Company Profile
12 Appendix
List of Tables
List of Figures
Executive Summary
The global canned goods market under COVID-19 has been estimated a value ofe USD 20,820.5 million in 2021 and is projected to reach USD 29,174.3 million by 2030 with a CAGR of 3.8% during 2021–2030. However, without the COVID-19 impact, the canned goods market was estimated to be USD 20,900.0 million in 2021 and USD 28,332.9 million in 2030 with a CAGR of 3.4% during the forecast period.Canned goods are food products that are preserved by the process of canning in an airtight container. The market is primarily driven by the increasing urban population’s preference for easy and quick eating and the demand for healthy foods high in protein, vitamins, and omega-3 fatty acids. The utilization of convenience food products has increased in recent years due to consumer’s hectic lifestyles. Canned foods have become one of the most popular choices of preserved foods among consumers because of their ability to retain a high number of nutrients, flavor, and color. However, there are few disadvantages associated with canned foods, such as high sugar and sodium content and fewer nutrients.
Commercially available canned foods include seafood, fruits and vegetables, candies and desserts, soups and sauces, lentils, and pasta. Customer's dependance on ready-to-eat meals and convenience foods has grown as the number of working women has increased. Hence, due to time constraints and ease in cooking, there has been a rise in demand for nutritious and shelf-stable food products, which has fueled the canned goods market. However, the industry’s dependency on raw materials such as steel and aluminum for packaging purposes along with region-specific constraints such as low awareness and high cost, are a few factors restraining the market growth. For instance, in most developed countries, steel is used to preserve canned foods, whereas aluminum is used for making beverage-related cans.
Key inputs for producing canned food are raw materials such as grains, fruits and vegetables, meat and fish. There two main ways to obtain these raw materials — by procuring them from open markets or directly connecting with the farmers and growers. This mitigates the need for third-party and is often beneficial for the canned food manufacturing company and growers or farmers.
The global canned goods market has been segmented into type, packaging material, packaging size, application, and region.
Based on type, the market has been segmented into canned meat and poultry, canned fruits, canned vegetables, canned aquatic products, and others. Other types of food products include sauces, candies and desserts, and other minimally used canned foods. Meat and poultry segment is expected to dominate the market in terms of market share with a revenue of USD 7,219.4 million in 2021 and is expected to reach USD 9,586.9 million by 2030 with a CAGR of 3.2% during the forecast period. However, without the COVID-19 pandemic, the market was estimated to be USD 7,247.0 million in 2021 and USD 9,310.4 million in 2030 with a CAGR of 2.8% during the forecast period.
Canned meat and poultry products adoption differs based on the country and depends on various factors such as price, brands, and types of meat and poultry products available. For instance, in Asia Pacific countries, the demand for the canned seafood such as canned tuna, canned mackerel, and canned shrimps has doubled in recent years in China, Japan, Thailand, and Taiwan. Also, Thailand is among the world leaders in terms of canned fish production, specifically fish varieties such as tuna and skipjack. Also, the prices have increased in recent years from USD 1,160 to USD 1,355 per ton.
Based on packaging material, the market is segmented into tin, steel, and aluminum. Steel is further segmented into tin-free steel and tinplate steel. Tin segment is expected to dominate the global canned goods market in 2021 with USD 7,561.9 million and is expected to reach USD 10,678.3 million by 2030 with a CAGR of 3.9% during the forecast period. However, without the COVID-19 impact, the market is estimated to be USD 7,590.7 million in 2021 and is expected to reach USD 10,370.4 million by 2030 with a CAGR of 3.5% during the forecast period.
Additionally, the aluminum cans segment is expected to be the fastest-growing segment with a CAGR of 4.1% during the forecast period due to various benefits offered in the canned foods industry. Few of the benefits include increased shelf-life with quality preservation benefits, protection from oxygen, moisture, light, and other contaminants. Aluminum cans do not rust and are resistant to corrosion, and hence can preserve foods for a long period.
Based on packaging size, the market is segmented into medium, large, and small. Medium packaging dominates the market and is expected to be the fastest-growing segment during the forecast period. Medium packaging is estimated to be USD 10,295.6 million in 2021 and is expected to reach USD 15,010.1 million by 2030, with a CAGR of 4.3% during the forecast period. However, without the COVID-19, the market was estimated to be at USD 10,334.9 million in 2021 and was expected to reach USD 14,577.2 million by 2030 with a CAGR of 3.9% during the forecast period. Medium size cans are the most widely used cans due to consumer preference owing to the expiration of food products once opened. Also, other factors such as prices, minimal availability of preservatives impact the adoption of canned foods in medium-sized packaging cans.
Based on application, the market is segmented into department stores, supermarkets, restaurants, online sales, and others. Department stores dominate the market in 2021 and are estimated to reach USD 7,960.0 million by 2030, with a CAGR of 3.3% during the forecast period. However, without the COVID-19 impact, the market was estimated to be USD 5,990.3 million in 2021 and expected to reach USD 7,730.5 million by 2030 with a CAGR of 2.9% during the forecast period. The dominance of department stores can be due to the benefits offered, such as a bulk purchase at lower prices, located centrally, and availability of top-selling brands under one roof.
Based on region, the market is segmented into Europe, North America, Asia Pacific, South America, and Middle East and Africa. Europe is estimated to dominate the market in 2021 due to the increased spending on canned food products such as canned tomatoes, canned meat products, and canned vegetables in the region. European market is estimated to be at USD 6,173.3 million in 2021 and is expected to reach USD 8,492.6 million by 2030 with a CAGR of 3.6% during the forecast period. However, without the COVID-19 impact, European canned goods market was estimated to be USD 6,196.9 million in 2021 and was expected to reach USD 8,247.7 million by 2030, with a moderate growth rate of 3.2% during the forecast period. However, Asia Pacific is expected to register the highest CAGR of 4.5% during the forecast period due to the changing lifestyle and disposable income in Asia Pacific countries such as India and China.
The leading market players are opting for modern attractive strategies like the introduction of new products and expansion of manufacturing capacity to serve the consumer base. The increasing utilization of clean labels and organic products, mostly in the developed nations, is motivating individuals to opt for canned organic products. People are shifting towards consuming chemical-free natural food products owing to increasing awareness about the damaging health effect of chemicals added in the food products. Companies profiled in the report include Conagra Brands, Del Monte, General Mills, Bolton Group, Grupo Calvo, Rhodes Food Group, Bonduelle, Shanghai Maling, Aquarius Co., Ltd, Cansi Joo Hin Pte Ltd, Hormel Foods, Dongwon F&B Ltd, and Danish Crown.
Companies Mentioned
A selection of companies mentioned in this report includes:
- Conagra Brands Inc.
- Del Monte Foods Inc.
- General Mills Inc.
- Rhodes Food Group
- Bonduelle
- Hormel Foods Corporation
- Danish Crown
- Campbell Soup Company
- Dongwon F&B Co. Ltd.
- Bolton Group
- Grupo Calvo
- Goh Joo Hin Pte Ltd
- Cansi Food Group
- Shanghai Maling Aquarius Co. Ltd.
