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Global Canned Meat Market 2023 Production Analysis, Future Demand, Industry Share And Forecast To 2032 | Major Players Are Xiamen Gulong Canned Food Co. Ltd., Tyson Foods Inc., Wild Planet Foods Inc., Radiant Farms Inc., Survival Cave Food
Canned Meat Market
The Business Research Company's Canned Meat Global Market Report 2023 identifies increasing demand for canned seafood as the major driver for the Canned Meat Market's growth in the forecast period. Seafood refers to any type of sea life considered edible by humans, most notably fish and shellfish. People prefer canned food because it is preserved at precise temperatures and is regarded as a high-protein, convenient food, as a result, the increasing demand for canned seafood increases the demand for the canned meat market
The global canned meat market size grew from $15.47 billion in 2022 to $16.42 billion in 2023 at a compound annual growth rate (CAGR) of 6.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size of the canned meat is expected to grow to $20.14 billion in 2027 at a CAGR of 5.2%.
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Major competitors in the canned meat market are Xiamen Gulong Canned Food Co. Ltd., Tyson Foods Inc., Wild Planet Foods Inc., Radiant Farms Inc., Survival Cave Food, JBS S.A., Key Food Stores Co-op Inc., Crown PrInc., Bar Harbor Foods, Zishan Group, Libby's Brand Holding, Radiant Farms, Dalian Lixiang Food, Hormel Foods Corporation, American Tuna Inc., Bumble Bee Seafoods, Maruha Nichiro Corporation, and Vion Food Group.
A key trend in the Canned Meat Market includes Strategic partnerships. Major companies operating in the canned meat sector are focused on partnerships to strengthen their position. For instance, in October 2021, Hormel Foods Corporation, a US-based manufacturer of canned meat, partnered with The Better Meat Co, a US-based food processing company. Through this partnership, the two companies will work together to develop the next generation of great-tasting, wholesome, and sustainable alternative protein products with The Better Meat Co.'s innovative Rhiza mycoprotein ingredient. Further, in May 2021, Dada Group, a China-based on-demand delivery, and retail platform, partnered with Tyson Foods, a US-based processor and marketer of canned meat. Through this partnership, Data Group will lead the trend of the fresh meat category in the field of on-demand retail in China.
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The Canned Meat Market is segmented -
By Product Type: Seafood Meats, Poultry Meats, Red Meat, Other Products
By Application: Private Use, Commercial and Industrial Use
By Distribution Channel: Supermarket and Hypermarket, Specialty Store, Online, Other Distribution Channels
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Canned Meat Market.
The Business Research Company's "Global Canned Meat Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Canned Meat Market Include:
1. Executive Summary
2. Canned Meat Market Characteristics
3. Canned Meat Market Trends And Strategies
4. Canned Meat Market - Macro Economic Scenario
5. Canned Meat Market Size And Growth
……
26. Africa Canned Meat Market
27. Canned Meat Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Canned Meat Market
29. Canned Meat Market Future Outlook and Potential Analysis
30. Appendix
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