Canned And Ambient Food Market Trends, Surging Demand, Detailed Analysis, And Forecast To 2033

The canned and ambient food market size has grown strongly in recent years. It will grow from $230.72 billion in 2023 to $245.87 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. The growth in the historic period can be attributed to long shelf life, food preservation technology, convenience and portability, military and emergency supplies, global food distribution.

The canned and ambient food market size is expected to see strong growth in the next few years. It will grow to $311.03 billion in 2028 at a compound annual growth rate (CAGR) of 6.1%. The growth in the forecast period can be attributed to health and nutritional benefits, sustainability and eco-friendly packaging, diverse food options, digital marketing and e-commerce, functional and convenience foods. Major trends in the forecast period include plant-based and vegan options, global and ethnic flavors, clean label products, single-serve and portion control, ready-to-eat and microwaveable meals.

Market Overview -
Canned foods are defined as foods that are processed and sealed in airtight containers for a longer shelf life by a food preservation method.

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Potential Boon For Food And Beverage Companies As They Seek Increased Profit Margins Through Productivity Gains
Many countries across the globe are experiencing falling prices of crops due to overcapacity. This is expected to result in low raw material costs for food and beverage companies. For instance, in November 2022, according to the report Frontline, an India-based national magazine on agriculture, the Cabinet Committee on Economic Affairs announced a bailout package of Rs 7000 crore for farmers involved in the sugar production sectors to fix the minimum selling price of refined sugar at Rs 29 per kilogram (prices dropped to Rs 23-24 recently due to overproduction) and to create a buffer stock of 3 million tonnes of sugar for one year. Thus, the overproduction of certain crops is likely to result in higher profit margins for food and beverage companies. Higher profit margins will be possible if ambient food manufacturing companies increase their productivity and drive the market going forward.

Competitive Landscape -
Major companies operating in the canned and ambient food market include Nestle S.A., Abbott Laboratories, The Campbell Soup Company, Unilever plc, The Kraft Heinz Company, Del Monte Pacific Limited, Bonduelle Group, Seneca Foods Corporation, La Doria S.p.A., Associated British Foods plc., The Agropur diary Co-operative, Ayam Brand, B&G Foods Inc., Baxters Food Group Limited, Blair's Sauces and Snacks, Casa Sanchez Foods, Century Pacific Food Inc., Charles Chips, Conagra Brands Inc., Cott Corporation, Dole Food Company, Elmer's Fine Foods Inc., General Mills Inc., Golden Flake, The Calvo Group, Hain Celestial Group, J & J Snack Foods Corporation, JBS S.A., Kellogg's Co., Mike-sell's potato chip company, Premier Foods Group Limited, Thai Union Group PCL.

Shift Towards Pesticide-Free And Health-Conscious Choices
Some canned and ambient food manufacturers are using organic fruits and vegetables to keep pace with the changing consumer preferences for pesticide-free organic fruits and vegetables. Organic canned fruits and vegetables have negligible pesticide and fertiliser content and are comparatively safer and healthier than conventionally grown food. Some of the companies specialising in organic canned food products include Simpletruth, Native Forest, and Naturz Organics.

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Key Segments -

The canned and ambient food market covered in this report is segmented -

1) By Type: Fruit And Vegetable Canning, Specialty Canning, Dried And Dehydrated Food
2) By Application: Food, Snacks, Intermediate Products, Condiments, Other Applications
3) By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Other Distribution Channels

Subsegments Covered: Fruit Canning, Vegetable Canning, Canned Baby Food, Canned Soups, Other Canned Specialty Foods, Dehydrated Fruits, Dehydrated Meat Products, Dehydrated Vegetables, Other Dried And Dehydrated Food

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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