Canned Meat Market is Projected to Grow from US$ 12.8 Billion in 2022 to US$ 24.2 Billion by 2032

The global canned meat market is projected to grow from US$ 12.8 Bn in 2022 to US$ 24.2 Bn by 2032, accelerating at a CAGR of 6.6% throughout the forecast period.

Rising popularity of canned meat products due to their easy storage, less cost, and increased shelf life along with increasing consumer spending on convenient and processed food products is providing a major impetus to the market growth.

Canned meat is making a comeback as a trendy, convenient, and affordable source of protein. Its popularity is being driven by a number of factors including the growing interest in healthy eating, increasing number of people who are interested in cooking from scratch, and rising cost of fresh meat.

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Canned meat is a great option for those who want to cook from scratch but don't have a lot of time or cooking experience. It's also a good choice for people who are on a budget. Canned meats are typically less expensive than fresh meat, and they last for a long time in the pantry.

There are a variety of canned meats to choose from, including tuna, salmon, chicken, beef, and pork. Most canned meats are low in fat and calories, and they're an excellent source of protein.

Canned chicken is becoming a popular trend for those looking for an easy and affordable way to cook a healthy meal. It can be found in most grocery stores, and the price is often comparable to that of other packaged meats.

Canned beef is the latest trend in the food industry. It is a convenient way to have a meal without having to prepare it yourself. Canned beef can be used in a variety of dishes, including stews, tacos, and burgers. It is also a healthy option, as it is high in protein and low in fat.

Key Takeaways from Market Study

By meat type, poultry category accounted for more than 41% of worldwide revenue in 2020.
Based on distribution channel, the supermarket & hypermarket segment accounted for more than 40% of total sales in 2021.
North America will continue to dominate the global canned meat market during the forecast period.

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With a market valuation of US$ 3.9 Bn, Europe is predicted to have the second-largest market share, accounting for 31% of the total market value.
Demand for canned meat is poised to grow at a healthy pace across the U.S. during the assessment period.

"Leading brands of canned meat are integrating advanced technologies for manufacturing a variety of canned products and increasing their overall productivity," says a Future Market Insights analyst.

Who is Winning?

Some of the important players operating in the canned meat market are JBS, Hormel Foods Corp., Tyson Foods, Inc., Wild Planet Foods, Bolton Group, Vion Food Group, Mundella Foods, Campbell Soup Company, Smithfield Foods, Valleyfresh Global.

These leading players are constantly focusing on introducing new canned meat products into the market at affordable prices to improve their customer base. Besides this, they are integrating advanced manufacturing technologies to produce better quality products at faster speeds. For instance,

In February 2020, Bordon launched two different varieties of corned meat.

Explore More Valuable Insights

Future Market Insights, in its new report, offers an impartial analysis of the global canned meat market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.

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Canned Meat Market By Category

By Meat Type:

Beef
Seafood
Poultry
Pork
Others

By Distribution Channel:

Supermarket & Hypermarket
Specialty Store
Online
Others

By Region:

North America
Latin America
Europe
Middle east and Africa
East Asia
South Asia
Oceania

Read Other Reports:

Protein Ingredients Market : https://www.globenewswire.com/en/news-release/2022/02/03/2378052/0/en/Protein-Ingredients-Market-expected-to-reach-a-valuation-of-USD-47-4-Bn-by-2032-Comprehensive-Research-Report-by-FMI.html

Xylooligosaccharide Market : https://www.globenewswire.com/en/news-release/2022/02/03/2378295/0/en/Xylooligosaccharide-Market-to-reach-a-valuation-of-US-66-7-Mn-in-2032-Comprehensive-Research-Report-by-FMI.html

Specialty Carbohydrates Market : https://www.globenewswire.com/en/news-release/2022/02/07/2379880/0/en/Specialty-Carbohydrates-Market-to-reach-a-valuation-of-US-11-6-Bn-by-2026-Comprehensive-Research-Report-by-FMI.html

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market.

This release was published on openPR.