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Canned Fruits Market - Forecasts from 2022 to 2027

  • ID: 5576427
  • Report
  • February 2022
  • Region: Global
  • 130 Pages
  • Knowledge Sourcing Intelligence LLP

FEATURED COMPANIES

  • CHB Group
  • Del Monte Food Inc.
  • Dole Packaged Foods LLC
  • Jutai Foods Group Ltd.
  • Langeberg & Ashton Foods
  • Princes Limited
The canned fruits market was valued at US$10.377 billion in 2020 and is expected to grow at a CAGR of 4.70% over the forecast period to reach a total market size of US$14.312 billion by 2027.



Food canning is a technique for storing food at a standard temperature by preserving it in a firmly closed vacuum-sealed containers after processing. Washing, sorting/grading, preparation, container filling, exhausting, container sealing, heat sterilization, chilling, labeling/casing, and shipping storage are all part of the canning process. Fruit canning has seen a transition in equipment utilization from batch units to continuous units, where cans are passed through an airlock and then rotated in a pressurized heat compartment before being chilled in a cold-water cooler compartment.

According to an article published by The Academy of Nutrition and Dietetics: Eat right on April 8, 2020, canned foods can play an important role in an overall balanced diet. Since canning retains many nutrients, it can be just as healthy and fresh as frozen foods. Individuals consuming more canned foods have a greater intake of fruits and vegetables as well as a higher intake of nutrients than individuals consuming fewer canned fruits and vegetables. Canned foods are a handy and cost-effective method to increase the intake of fruits and vegetables. The canning method provides a long shelf life of at least one to five years. This might be useful for people who frequently toss away fresh fruit due to spoilage.

While canned foods are convenient and easy to prepare, many varieties of fruit are packaged in light or heavy syrup, which equals additional sugars. As diabetes cases are increasing globally, canned food have become an unpopular source of nutrition. Diabetes was directly responsible for an estimated 1.5 million deaths in 2019, according to the WHO. Similarly, International Diabetes Federation (IDF) reported that in 2020, 463 million people worldwide suffered from diabetes. Furthermore, any damage to the can may enable air to enter, producing an ideal environment for Clostridium botulinum to thrive. 

The Asia Pacific canned fruits market is expanding rapidly. The demand for processed meals is increasing as society continues to transform in this region. The fast-paced lifestyle and ever-increasing population are some of the major drivers of the growing demand for ready-to-eat food. Furthermore, with the growing demand for processed meals, there is a need to find healthier alternatives with a longer shelf life. Due to their ease of handling and ready-to-use capability, canned fruits prove to be the ideal solution for different purposes. With the development of China's food sector, the demand for canned fruits for a variety of uses is increasing exponentially.

Growth Factors:


Convenience:


Factors such as the extended shelf life of fruits due to better food preservation technologies, rapid urbanization rates, busy lifestyles, and rising demand for convenience meals, among others, are driving the market growth. The surge in nuclear families and growing disposable income of households have resulted in a shift in the consumer food consumption patterns, with convenient meals gaining popularity. Other factors boosting the market expansion include an increase in the number of working women throughout the world and the easier availability of a wide range of canned fruits. These fruits are available throughout the year and do not require the removal of stalks, peels, or pits, which adds to their convenience.

Restraints:


Increase in demand for fresh food:


The persistent increase in demand for fresh and minimally processed foods is expected to have a detrimental influence on the canned food sector. Furthermore, the market is gradually shrinking due to an increase in outside food consumption and a decrease in home cooking practices.

Impact of COVID-19 on the Canned Fruits Market:


the Covid-19 pandemic had a positive influence on the Canned fruits market. Canned fruits and vegetables had a bad reputation, but the pandemic may have changed that. No one in the industry was spared in the short run. Taking time for “contingency planning” was the most significant adjustment to their daily routines among the numerous difficulties affecting day-to-day operations due to nationwide lockdowns. Supply chains were disrupted. During COVID19, however, canned fruits witnessed a surge in demand as individuals stockpiled them due to a lack of fresh foods. Despite the outbreak, Del Monte Foods witnessed a 200% year-over-year increase in sales in March 2020.

Key Developments:

  • Bonduelle USA, Inc., a French family-run company specializing in the processing and selling of canned and frozen vegetables in the United States, announced an investment of at least $5 million to expand its operations at its Lebanon, PA. plant in August 2021. 35 additional full-time positions will be created due to this expansion.
  • Pioneer Foods Wellingtons' frozen foods business was acquired by RFG Holdings Ltd, a subsidiary of South Africa's food producer in July 2021.

Market Segmentation


By Type

  • Canned peaches
  • Canned cherries
  • Canned pineapples
  • Canned Mandarin Oranges
  • Others

By Distribution Channel

  • Grocery Stores
  • Supermarkets
  • Online

By Geography

  • Introduction
  • North America
  • USA
  • Canada
  • Mexico
  • South America
  • Brazil
  • Argentina
  • Others
  • Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Others
  • Middle East and Africa
  • Saudi Arabia
  • UAE
  • South Africa
  • Others
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Taiwan
  • Thailand
  • Indonesia
  • Others
Frequently Asked Questions about the Global Canned Fruits Market

What is the estimated value of the Global Canned Fruits Market?

The Global Canned Fruits Market was estimated to be valued at $10.4 billion in 2020.

What is the growth rate of the Global Canned Fruits Market?

The growth rate of the Global Canned Fruits Market is 4.7%, with an estimated value of $14.3 billion by 2027.

What is the forecasted size of the Global Canned Fruits Market?

The Global Canned Fruits Market is estimated to be worth $14.3 billion by 2027.

Who are the key companies in the Global Canned Fruits Market?

Key companies in the Global Canned Fruits Market include CHB Group, Del Monte Food Inc., Princes Limited, Rhodes Food Group, Tropical Food Industries Co., Ltd., Delicia Foods India Pvt. Ltd., Langeberg & Ashton Foods, Dole Packaged Foods LLC and Jutai Foods Group Ltd..
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • CHB Group
  • Del Monte Food Inc.
  • Dole Packaged Foods LLC
  • Jutai Foods Group Ltd.
  • Langeberg & Ashton Foods
  • Princes Limited

1. Introduction

1.1. Market Definition
1.2. Market Segmentation

2. Research Methodology

2.1. Research Data
2.2. Assumptions

3. Executive Summary

3.1. Research Highlights

4. Market Dynamics

4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. The threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis

5. Canned Fruits Market Analysis, By Product Type

5.1. Introduction
5.2. Canned peaches
5.3. Canned cherries
5.4. Canned pineapples
5.5. Canned Mandarin Oranges
5.6. Others

6. Canned Fruits Market Analysis, By Distribution Channel

6.1. Introduction
6.2. Grocery Stores
6.3. Supermarkets
6.4. Online

7. Canned Fruits Market Analysis, By Geography

7.1.  Introduction
7.2.  North America
7.2.1. United States
7.2.2. Canada
7.2.3. Mexico
7.3. South America
7.3.1. Brazil
7.3.2. Argentina
7.3.3. Others
7.4. Europe
7.4.1. UK
7.4.2. France
7.4.3. Germany
7.4.4. Italy
7.4.5. Others
7.5. Middle East and Africa
7.5.1. Saudi Arabia
7.5.2. UAE
7.5.3. Others
7.6. Asia Pacific
7.6.1. Japan
7.6.2. China
7.6.3. India
7.6.4. Thailand
7.6.5. Taiwan
7.6.6. Indonesia
7.6.7. Others

8.  Competitive Environment and Analysis

8.1. Major Players and Strategy Analysis
8.2.  Emerging Players and Market Lucrativeness
8.3.  Mergers, Acquisitions, Agreements, and Collaborations
8.4.  Vendor Competitiveness Matrix

9. Company Profiles

9.1. CHB Group
9.2. Del Monte Food Inc.
9.3. Princes Limited
9.4. Rhodes Food Group
9.5. Tropical Food Industries Co., Ltd.
9.6. Delicia Foods India Pvt. Ltd.
9.7. Langeberg & Ashton Foods
9.8. Dole Packaged Foods LLC
9.9. Vidya Sagar Food Pvt Ltd.
9.10. Jutai Foods Group Ltd.
Note: Product cover images may vary from those shown
  • CHB Group
  • Del Monte Food Inc.
  • Princes Limited
  • Rhodes Food Group
  • Tropical Food Industries Co., Ltd.
  • Delicia Foods India Pvt. Ltd.
  • Langeberg & Ashton Foods
  • Dole Packaged Foods LLC
  • Vidya Sagar Food Pvt Ltd.
  • Jutai Foods Group Ltd.
Note: Product cover images may vary from those shown