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NEW YORK , June 10, 2022 /PRNewswire/ -- Canned foods refer to processed food products that are stored in containers. The canning process involves heat and steam pressure, which prevents the spoilage of food products.

According to the report "Canned Food Market by Product, Distribution Channel, and Geography - Forecast and Analysis 2021-2025", the market witnessed a YOY growth of 3.29% in 2021 and a CAGR of 4.08% during the forecast period. The report is segmented by product (canned fish and seafood, canned vegetables, canned meat, canned ready meals, and others), distribution channel (offline and online), and geography (Europe , North America , APAC, MEA, South America , Europe , North America , APAC, MEA, and South America ).

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The canned food market is fragmented, and the vendors are deploying growth strategies such as organic and inorganic growth strategies to compete in the market. The report analyzes the market's competitive landscape and offers information on several market vendors, including Bolton Group Srl, Campbell Soup Co., Conagra Brands Inc., Del Monte Pacific Ltd., General Mills Inc ., Nestle SA, Princes Ltd., The Hain Celestial Group Inc., The J.M. Smucker Co., and The Kraft Heinz Co.

The report also covers the following areas:

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North America will provide maximum growth opportunities in the canned food market during the forecast period. According to our research, the region will contribute to 32% of the global market growth during the forecast period. The US is a key market for canned food in North America . The growth of the market in the region will be driven by the growing need for convenience foods owing to hectic lifestyles.

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The canned fish and seafood segment will have significant market share growth during the forecast period. The demand for canned fish and seafood products has increased in countries such as China , India , and Brazil , owing to the growth of the population and rising awareness about the health benefits of consuming seafood. Countries in the Middle East are also experiencing significant demand.

View a Sample: to know additional highlights and key points on various market segments and their impact in coming years. 

Key Market Drivers & Challenges: 

The growing need for convenience foods owing to hectic lifestyles is driving the growth of the global canned food market. The demand for canned food is increasing, especially among the working population, owing to factors such as short cooking time, easy preparation, and long shelf life. Canned fruits and vegetables are less likely to get spoiled and have lower handling and transportation costs than fresher variants.

The rise in product recalls will challenge the global canned food market growth during the forecast period. These recalls are a result of improper handling of raw materials or supplies. Over the last few years, various products have been recalled over the last few years due to the use of contaminated raw materials, presence of allergens, and incorrect labeling.

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Meat Packaging Market by Material and Geography - Forecast and Analysis 2022-2026

Packaged Dehydrated Food Market by Technology and Geography - Forecast and Analysis 2022-2026

Accelerate at a CAGR of 4.08%

Europe, North America, APAC, MEA, South America, Europe, North America, APAC, MEA, and South America

US, China, Spain, UK, and Japan

Leading companies, Competitive strategies, Consumer engagement scope

Bolton Group Srl, Campbell Soup Co., Conagra Brands Inc., Del Monte Pacific Ltd., General Mills Inc., Nestle SA, Princes Ltd., The Hain Celestial Group Inc., The J.M. Smucker Co., and The Kraft Heinz Co.

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

6 Market Segmentation by Distribution channel

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. 

Contact  Technavio Research  Jesse Maida  Media & Marketing Executive  US: +1 844 364 1100  UK: +44 203 893 3200  Email: [email protected]   Website: www.technavio.com/ 

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