Canned Preserved Food Market - Asia Pacific and Latin America Industry Analysis, Size, Share, Growth, Trends and Forecast, 2015 - 2021

Canned preserved food market in Asia Pacific and Latin America has significant potential for growth. This is attributed to the low market penetration rate for canned preserved food due to which, the manufacturers operating in the canned preserved food market are looking to penetrate Asia Pacific and Latin America.

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The long shelf life of canned preserved food items compared to their fresh counterparts is one of the major factors fuelling the demand for canned preserved food market in Asia Pacific and Latin America. In addition, changing consumer pattern in terms of feeding habits due to the influence of the Western culture is also driving the demand for canned preserved food market in Asia Pacific and Latin America. Due to the increasing number of the working population in the developing countries such as India, China ,Brazil, Argentina and others, the consumers are shifting towards the consumption of canned preserved food as they are time efficient and they can be stored for a longer period of time.

Excess salt and sugar content in canned preserved food items is restraining the canned preserved food market. The canning process involves dissolution of salt in water due to which canned food is a rich source of salt in diet. Excessive consumption of salt is known to have adverse effect on human health such as high blood pressure which leads to water retention and increased loss of calcium content in a human body. According to the Centers for Disease Control and Prevention, excess consumption of sodium chloride (salt) can lead to heart diseases and stroke. In addition to the dissolved salt contained in canned food, a fair amount of sugar content is also present. For example, canned fruits contain syrups to make them more dessert-like and palatable. Excessive addition of syrup in others and similar food items leads to increased amount of carbohydrates and high calorie count in the end product.

Due to the low market penetration, the manufacturers operating in the canned preserved food market are looking to explore the untapped regions for significant expansion opportunities. This factor is expected to serve as a suitable opportunity for the canned preserved food market.
Canned fish dominated the canned preserved food market in Asia Pacific and Latin America followed by canned meat. Asia Pacific dominated the Asia Pacific and Latin America Canned preserved food market and is expected to dominate the market throughout the forecast period. India and China are the major contributors for canned preserved food market in Asia Pacific capturing majority of the market share. The high market share is attributed to the influence of the western culture on the consumers in terms of feeding habits. This has been further fuelled by the increasing busy lifestyle, where the consumers are looking toward consuming canned food in order to save time that is consumed while preparing food. Argentina and Brazil are the major contributors to the canned preserved food market in Latin America.

The canned preserved food market in Asia Pacific and Latin America is marked by some intense competition from the major players operating in this market. Product innovations through extensive research and development, joint ventures, partnerships, mergers and acquisitions are some of the major strategies undertaken by these players to sustain and increase their presence in the canned preserved food market in Asia Pacific and Latin America. ConAgra Foods Inc., MTR Foods Pvt Ltd., B&G Food Holdings Corporation, DelMonte Pacific Ltd., H.J. Heinz Company are some of the major players operating in the Asia Pacific and Latin America canned preserved food market.

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