Global Canned Fruits Market Will Reach USD 10,827.7 million by 2019

The global canned fruits market is likely to reach USD 10,827.7 million by 2019, says Transparency Market Research, a U.S.-based market intelligence firm. The report titled, “Canned Fruits Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019”, is available for sale on the company’s website.

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Canning essentially enables preserving and shipping food to distant markets all around the year. Using this process on fruits has opened great number of markets for different types of fruits, across several borders. The factors contributing to the growth are rising demand for convenient food, abundant produce, and environmentally friendly raw materials. However, these market drivers are being tugged in the opposite direction by certain unavoidable restraints such as strict government regulatory framework, and competition from substitute products.

Europe held about 40% of canned fruits market share in 2012. This figure was followed closely by North America at 30%. However, in the coming years the dynamics are likely to change with demand on the rise from Asia Pacific region. This market will be promising in the next five years and is forecasted to grow at a CAGR of 3.8% from 2013 to 2019. The reasons backing this rapid demand are increasing amount of disposable income, changing quality of life, and changing trends in terms of ethnicity.

Until 2012, about 54% of the global market for canned fruits was held by the top three market players. The small players, medium players, and private retailers accounted for 30% of the market share. Producers get the canned fruits either from industry participants via distribution of their own brands, or via integrated producers. However, in maximum operations wholesalers are involved. These wholesalers buy the products from several manufacturers and deliver it to retailers.

The study mentioned below strategically analyzes the market for canned fruits, marks every market driver, indentifies the restraints, and suggests possible methods to increase the sales and revenues. This report, written by industry analysts, is a tool for making key business decisions, and developing important strategies. In addition to figures, the report also provides an in-depth profiling of key market players, their financial revenues, strategies so far, a complete SWOT analysis, and their recent plans for development to give the reader a thorough understanding of the competitive landscape to provide a competitive advantage. Some of the key players included in the global canned fruits market report are Del Monte, Dole, Seneca, and Rhodes Food Group.

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