Canned Food Manufacturing Market: Segmented By Category (Organic and Conventional): By Product Variants (Canned Fruits & Vegetables, Canned Meat & Seafood, Canned Ready Meals, Canned Desserts, Canned Soups, Canned Cooking Sauce): By Marketing Mode (Convenience Store, Supermarket, Internet Sales and Offline), and Region - Global Analysis of Market Size, Share & Trends for 2019-2020 and Forecasts to 2030
[170+ Pages Research Report] Canned Food Manufacturing Market to surpass USD 123.25 billion by 2030 from USD 93.97 billion in 2020 at a CAGR of 2.75% in the coming years, i.e., 2020-30.
Canned foods are frequently thought to be less beneficial than additional or frozen foods. Some people prorogate that food stored for a longer period drop its quality and contains harmful ingredients. While others say that canned foods are a part of a healthy diet. Canning is the process of preserving foods for extended periods by packing them in airtight containers. Firstly, Canning was industrialized in the late 18th century as a means to offer a stable food source for the defense force and sailors at war. Canned food owes a long shelf-life due to the separation sterilized from the open environment, as it prevents contamination of microorganisms. Canned foods with high-quality sealing cause food to have a long shelf life, although low-quality sealing causes the food to have a short shelf life.
Canned Food Manufacturing Market is expected to project a notable CAGR of 2.75% in 2030.
The escalating number of working women, and higher costs of hiring native help are the macro factors, and the requirement for convenient cuisine is further expected to generate the demand for global Canned Food Manufacturing in the coming years. Further, various canned food brands are introducing various exertions for consumers’ fluctuating habits laterally introducing nutritiously treasured and affordable canned food products will further boost the market demand for canned food globally in the upcoming years.
Recent News & Developments
On May 2021, Nestlé has invested USD 220 million in the construction of a recent beverage factory in Indonesia. This factory will generate approximately 200 new careers in the Central Java province and will manufacture Bear Brand liquid milk and ready-to-drink beverages. This will further aid in to develop the regional market.
In 2021, PROCESS EXPO displays all the factors of the processed food and beverages and packaging industry, merging all industry sectors. The latest technologies and equipment will represent the pinnacle of food technology uniting the world’s most efficacious packaging professionals, equipment manufacturers, and leaders in the arena of academia.
Conventional segment to grow with the highest CAGR during 2020-30
The Canned Food Manufacturing Market is segmented by Category into Conventional and Organic. The Conventional Segment is accounted to held the highest share in the market. Although, the Organic segment is also anticipated to acquire a sizeable growth rate due to a rise in the consumer proclivity toward organic food products. Lack of knowledge and awareness regarding the ominous effects of synthetic chemicals on health among consumers tend to become conscious about the decent consumption of food. This is likely to lead to the significant growth of organic variants of canned foods in the market.
Internet Sales segment to grow with the highest CAGR during 2020-30
Canned Food Manufacturing Market is segmented by Marketing Mode into Convenience stores, Supermarket, Internet Sales, and Offline. The Internet Sales segment registered for the major revenue share due to mounting awareness and an increasing social distancing across the world. The digitalized purchasing policy offered by Online retail ad numerous products at promotional prices has comforted consumers. Demanding schedule and high penetration for a convenient lifestyle have driven a dynamic involvement in acquiring canned food products via internet sales. This is likely to lead to the highest growth rate in the e-commerce segment during the forecast period.
Rising population across the Globe
The cumulative millennial population around the world is the expected prime factor to drive the Global Canned Food Manufacturing Market in the coming future. As per UNICEF, Africa's undeveloped people, i.e., those in age group 0-24 years, will increase by approximately 50% by 2050. Africa is projected to have the most considerable number of young people. Here the youth is critical to the growth of the Canned Food Manufacturing Market in the region. Furthermore, increasing participation by worldwide market players in the country by introducing new products, services, and investments is also exalted to boost the Canned Food Manufacturing Market in the coming years.
Strong demand for protein-rich food
The robust demand for wholesome protein-rich food products, efficient fibers, vitamins, and omega-3 fatty acids, is further inspiring individuals to elect canned food products. Owing to hectic lifestyle people are now ready to pay more for ready-to-cook meals, meat products, and seafood food products to accumulate their time is another major reason to surge the development of the canned food industry. The a drastic increase in the demand for canned fish and seafood products as people are becoming extra aware of the numerous exceptional benefits offered by fish and fish food products.
Rising issues concerning environmental pollution
The canned food products are packaged from non-biodegradable materials such as aluminum and tins, which are not eco-friendly and cause several disorders and environmental hazards. Increasing health concerns have obstructed the growth of the Global Canned Food Manufacturing Market. In addition, stern government regulations allied to the usage of tins and aluminum cans owing to their short-term and long-term side effects on health is a prime factor challenging the growth of the Canned Food Manufacturing Market.
COVID-19 Impact on Canned Food Manufacturing Market
With the topical COVID-19 Outbreak, the packaging producers are fronting supply chain commotion along with the diminishing manufacturing next to the site in several parts of the world. To ensure an even flow of supply chain, six-month certificate extensions are provided by Global Food Safety Initiative (GFSI) certification programs by conducting a remote audit and risk taxation concerning COVID-19. Beneficially companies can support a new supplier location without on-site scrutiny to meet the demand.
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
The Canned Food Manufacturing market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The Asia Pacific leads the Global Canned Food Manufacturing Market. The largest market share traits to varying consumer purchasing patterns of more packaged foods in emerging economies like India and China. Besides, the easy accessibility of ample raw materials and cost-competitive workforces is a chief factors to benefit the regional market. Moreover, low product prices and a high tendency for long shelf life have fueled the Canned Food Manufacturing Market in the economy.
Europe tends to become the second-largest Global Canned Food Manufacturing Market. The regional market is majorly compelled by shifting consumer preferences and the unavailability of fresh produces during the punitive winter. Moreover, the US is a foremost growth contributor to the expansion of the regional market, influencing voluminous production.
Canned Food Manufacturing Market is further segmented by region into:
|Market size value in 2020
|USD 93.97 billion
|Revenue forecast in 2030
|USD 123.25 billion
|CAGR of 2.75% from 2021 to 2030
|Base year for estimation
|Revenue in USD million and CAGR from 2021 to 2030
|Revenue forecast, company ranking, competitive landscape, growth factors, and trends
|Category, Product Variants, Marketing Mode and Region
|North America; Europe; Asia Pacific; Latin America; Middle East & Africa (MEA)
|Key companies profiled
|Ayam Brand, The Kraft Heinz Company, Campbell Soup Company, Conagra Brands, Inc, Nestlé, Danish Crown Amba , Del Monte Foods, Inc, JBS USA Holdings, Inc., Holyland Marketing Private Limited
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