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Canned Food Market was Valued USD 1,084 million in 2019 and is expected to expand at a CAGR of at 3.9% till 2027 | Size, Share & Industry Forecast

09-19-2022 09:25 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: GMI Research

Canned Food Market

Canned Food Market

Canned Food Market

The Canned Food Market was estimated around USD 1,084 million in 2019 and is expected to expand at a CAGR of at 3.9% over the forecast period (2020-2027).

For Additional Insights, Click to Access Complete Report - https://www.gmiresearch.com/report/canned-food-market-analysis-industry-research/

The factors driving growth of the Canned Food Market includes growing demand for convenient food products around the world, rising preference for organic and clean-labeled food items, improvements in the living standards and increasing consumers inclination towards adopting healthy lifestyles. According to the report published by Statista, the Organic Food Market in India has increased from USD 0.36 billion in 2014 to USD 1.36 billion in 2020, which will accelerate the Global Canned Food Market in the approaching years. Moreover, increasing availability of canned food items at online platforms, rise in the launch of innovative food products, hectic lifestyles, and growing popularity of ready-to-eat food products, are some of the additional factors supplementing the market growth. In addition, increasing investments by major corporations on promotion and marketing activities, rise in the number of fast-food chains and quick service restaurants across the globe and growing disposable incomes, are further contributing to the market growth.

However, growth of the Canned Food Market is hindered attributed to growing concerns related to environmental pollution.

The leading players operating in the market are NESTLE, Danish Crown Amba, Del Monte Foods, Inc., The Kraft Heinz Company, Bolton Group, CSC Brands, L.P., JBS, Holyland Marketing Private Limited, AYAM and Conagra Brands, Inc., among others.

Based on Type, the Canned Fish/Seafood segment is predicted to capture the largest market share during the forecast period

Rising awareness amongst consumers about the nutritional benefits of eating seafood, rise in the launch of innovative canned seafood products, are some of the key factors responsible for the segment's growth.

Based on Distribution Channel, the Supermarket/Hypermarket segment is projected to grow at a remarkable CAGR over the forecast period

Supermarkets and Hypermarkets offer wide range of canned food products at supermarket and hypermarkets, at attractive discount options, is propelling growth of the segment.

Based on Region, the North American region is anticipated to hold the highest market share during the forecast period

Easy availability of canned food products at the online stores, presence of the leading players such as Conagra Brands, Inc., JBS and The Kraft Heinz Company, increasing population growth rates, improved living standards and high per capita incomes, are some of the important factors augmenting the market growth in North American region.

Market Segmentation

Segmentation by Type

Canned Meat Products
Canned Fish/ Seafood
Canned Vegetables
Canned Fruits
Others

Segmentation by Distribution Channel

Supermarket/Hypermarket
Convenience Stores
Online Retail Sales
Others

Segmentation by Region

Asia Pacific
China
Japan
India
Rest of APAC

North America
United States of America
Canada

Europe
United Kingdom
Germany
France
Spain
Rest of Europe

RoW
Brazil
South Africa
Saudi Arabia
UAE

About GMI Research

GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe - +353 1 442 8820; US - +1 860 881 2270
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Website: https://www.gmiresearch.com/

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GMI Research's leadership team with extensive experience in research and consulting together with our research and domain expertise creates a strong value proposition to create solutions that addresses our clients business problems and add significant value to long lasting relationship.

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