What is Global Canned Goods Market?
The Global Canned Goods Market is a vast and dynamic sector that encompasses a wide range of products. These products are primarily food items that have been processed, sealed in an airtight container, and then subjected to high heat to kill or weaken any bacteria, viruses, or other micro-organisms that can cause food spoilage. This process extends the shelf life of the food items, making them a convenient option for consumers worldwide. The global market for these goods is substantial and continues to grow, driven by factors such as increasing consumer demand for convenience foods, advancements in food processing technologies, and the growing awareness about the benefits of canned foods, such as their nutritional value and longer shelf life. The market is also influenced by various trends, such as the increasing demand for organic and natural food products, and the growing popularity of ethnic and exotic flavors in food items. However, the market also faces certain challenges, such as the health concerns associated with the consumption of processed foods, and the environmental impact of can production and disposal. Despite these challenges, the Global Canned Goods Market continues to offer significant opportunities for manufacturers, retailers, and other stakeholders in the food industry.
Canned Fruit, Canned Vegetables, Canned Meat and Poultry, Canned Aquatic Products, Others in the Global Canned Goods Market:
The Global Canned Goods Market is segmented into various categories based on the type of product. These categories include Canned Fruit, Canned Vegetables, Canned Meat and Poultry, Canned Aquatic Products, and Others. Each of these categories represents a significant portion of the overall market, and they each have their unique characteristics and trends. Canned Fruit, for example, is a popular choice among consumers due to its convenience and long shelf life. It includes a variety of fruits, such as peaches, pears, pineapples, and others, which are canned in their own juice or in a syrup. Canned Vegetables, on the other hand, include a wide range of vegetables, such as beans, corn, peas, and others, which are canned in water, brine, or a sauce. Canned Meat and Poultry include products like chicken, turkey, beef, and others, which are canned in their own juices or in a broth. Canned Aquatic Products include a variety of seafood items, such as tuna, salmon, sardines, and others, which are canned in oil, water, or a sauce. The Others category includes a variety of other canned food items, such as soups, sauces, and ready-to-eat meals. Each of these categories offers a wide range of products to cater to the diverse tastes and preferences of consumers worldwide.
Restaurant, Supermarkets, Department Stores, Online Sales, Others in the Global Canned Goods Market:
The Global Canned Goods Market finds its application in various areas such as Restaurants, Supermarkets, Department Stores, Online Sales, and Others. In Restaurants, canned goods are used as ingredients in various dishes, as they offer convenience and consistency in taste and quality. In Supermarkets and Department Stores, canned goods are sold as retail items, offering consumers a wide range of choices for their grocery shopping. Online Sales of canned goods have also been increasing, driven by the growing trend of online shopping and the convenience it offers to consumers. The Others category includes various other areas where canned goods are used, such as in catering services, institutional food services, and others. Each of these areas represents a significant portion of the overall market, and they each offer unique opportunities for the growth and expansion of the Global Canned Goods Market.
Global Canned Goods Market Outlook:
The Global Canned Goods Market is a dynamic and growing industry. In 2022, the market was valued at a whopping US$ 682030 million. It is projected to reach an impressive US$ 818030 million by 2029, growing at a steady Compound Annual Growth Rate (CAGR) of 2.6% during the forecast period from 2023 to 2029. This growth is driven by various factors, such as the increasing consumer demand for convenience foods, advancements in food processing technologies, and the growing awareness about the benefits of canned foods. The market is dominated by some key players, including Conagra Brands, Del Monte Pacific, and Campbell Soup. These companies held significant revenue shares in 2019, with Conagra Brands holding 0.884%, Del Monte Pacific holding 0.640%, and Campbell Soup holding 3.467%. These companies, along with others in the market, continue to drive the growth and development of the Global Canned Goods Market through their innovative products and strategies.
| Report Metric | Details |
| Report Name | Canned Goods Market |
| Accounted market size in 2022 | US$ 682030 in million |
| Forecasted market size in 2029 | US$ 818030 million |
| CAGR | 2.6% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Consumption by Region |
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| By Company | Conagra Brands, Del Monte Pacific, Hormel Foods, B&G Food, Campbell Soup, Ayam Brand, General Mills, Grupo Calvo, Kraft Heinz, Danish Crown, JBS, Dongwon Industries, Rhodes Food Group, Bolton Group, Bonduelle, Thai Union Frozen Products, Shanghai Maling, Gulong Food, Zi Shan, Linjiapuzi, Huanlejia, Cansi, Guangdong Ganzhu |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
