Canned Food Market Size, Development, Insight Growth and Industry Overview by 2026

Growing awareness among consumers regarding the health hazards and ill effects of the food produced/grown using synthetic chemicals is likely to drive the growth of the organic canned food market in the future.

The global canned food market size was at $91.4 billion in 2018 and is anticipated to reach $124.8 billion by 2026, with a CAGR of 3.9% during the forecast period. The market is expected to exhibit an incremental revenue opportunity of $33.2 billion from 2018 to 2026.

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Fruits, vegetables, meals, seafood, meat, soups & sauces, beans, sweets & desserts, lentils, and pastas are the most popular canned foods preferred by consumers due to their taste, nutrition and/or convenience. Canned foods are the popular choice for breakfast, snack, and dessert among health-conscious consumers. Due to busy lifestyle, consumers have been shifting their preference toward the consumption of convenience food products. Owing to the high nutritional content in the canned food products and wide range of product types available, they have become one of the most preferred convenience food choices among consumers.

The canned food market growth is propelled by the rise in demand for convenience foods in the market. Busy lifestyle and increasing women workforce have contributed to consumer shift toward nutritional food products along with convenience, both offered by canned food products. Canning of food products retain high nutritional value such as proteins, fibers, minerals, and antioxidants. Furthermore, with the growing retail industry and rise in penetration of e-commerce, the reach of canned food products in emerging markets is likely to grow in the future.

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According to the canned food market Analysis, the market is segmented on the basis of product type, distribution channel, type, and region. By product type, it is categorized into canned meat & seafood, canned fruit & vegetables, canned ready meals, and others. By distribution channel, it is divided into supermarket/hypermarket, convenience stores, e-commerce, and others. By type, it is bifurcated into organic and conventional. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, Australia, South Korea, and Rest of Asia-Pacific), and LAMEA ( Latin America, the Middle East, and Africa).

On the basis of region, Europe was the prominent market in 2018 and accounted for the maximum share in the global canned food market. This is attributed to high consumption of canned food products in majority of the European countries including Germany, France, Italy, and the UK. Consumers in this region are attracted by canned food products with new flavors, textures, and higher nutritional value, which leads to the canned food market growth of the market in the region. Furthermore, Asia-Pacific is expected to witness the highest CAGR, owing to the rise in disposable income and busy lifestyle of consumers as a result of higher employment and rising working women population in the region.

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The key players profiled in this report include Del Monte Foods, Conagra Brands, Kraft Heinz, Nestlé, Campbell Soup Company, JBS, CHB Group, AYAM, Danish Crown, and Bolton Group.

Key findings of the Study:
The canned food market was valued at $ 91.4 billion in 2018 and is estimated to reach $124.8 billion by 2026, growing at a CAGR of 3.9% during the forecast period.
By type, the organic segment is estimated to witness the fastest growth, registering a CAGR of 6.4% during the forecast period.
In 2018, by distribution channel, the supermarket/hypermarket segment held the highest share, accounting for one third of the global canned food market share.
In 2018, Germany was the most prominent market in the Europe region and is expected to grow at a significant CAGR throughout the forecast period.

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