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Key Trends Influencing the Growth of the Canned Lamb Market in 2025: Lab-Cultivated Options Enhanced Canned Lamb Market
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.What Is the Expected CAGR for the Canned Lamb Market Through 2025?
Over the past few years, there has been significant growth in the canned lamb market size. It is projected to expand from $1.55 billion in 2024 to $1.63 billion in 2025, following a compound annual growth rate (CAGR) of 5.3%. Factors contributing to this growth during the historic period include the heightened need for convenience, urbanization, a surge in stockpiling and the demand for non-perishable food amid the COVID-19 pandemic, greater consumer knowledge regarding the nutritional benefits of lamb, and improved economic conditions in emerging nations.
What's the Projected Size of the Global Canned Lamb Market by 2029?
The market for canned lamb is anticipated to exhibit robust growth in the coming years, potentially reaching a total worth of $1.98 billion by 2029, with a 5.0% compound annual growth rate. This optimistic forecast is primarily due to an increased emphasis on protein-rich nutrition, ongoing advancements in canning methods and preservation tactics, vigorous marketing and advertising schemes, and the rising trend in diets such as paleo and ket*o, thus augmenting demand. Global unease regarding food security which favors products with extended shelf-life also contributes to the market growth. Key trends for the forecast period encompass advancements in canning technology, a rise in online sales, the launch of novel flavors and products, and the development of grass-fed options.
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Top Growth Drivers in the Canned Lamb Industry: What's Accelerating the Market?
The canned lamb market is projected to expand due to the increasing meat consumption globally. This rising meat consumption is attributed to growing incomes, urbanization, and shifting dietary habits throughout the world. The accessibility and availability of canned lamb make it an appealing and practical option, thereby contributing to higher meat consumption rates. The Food and Agriculture Organization, a specialized Italy-based agency focusing on nutrition and food security, noted that global meat production increased by approximately 0.8% to 365 million metric tons (equivalent to carcass weight) in 2022 in comparison to 2021, as per data from July 2023. Consequently, the thriving meat consumption establishes a favourable environment for the growth of the canned lamb market.
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What Trends Will Shape the Canned Lamb Market Through 2029 and Beyond?
Leading businesses in the canned lamb market are concentrating on creating unique products, such as organic canned lamb, in response to the growing consumer demand for healthier and more eco-friendly food choices. Organic canned lamb denotes lamb meat raised devoid of synthetic pesticides, hormones, or antibiotics and is canned while maintaining organic farming criteria. For example, Future Meat Technologies, an Israel-based biotech company that produces cultured meat, engineered lab-grown lamb meat using non-GMO technology in October 2022. These lamb meats cultivated using their unique proprietary technology can be utilized as a substitute in dishes like burgers and kababs.
What Are the Main Segments in the Canned Lamb Market?
The canned lamb market covered in this report is segmented -
1) By Type: Fresh, Frozen
2) By Application: Ready Meals, Restaurants, Catering, Emergency Food Supply
3) By Distribution Channel: Supermarkets And Hypermarkets, Convenience Stores, Independent Retailers, Online
4) By End-User: Human, Animal
Subsegments:
1) By Fresh: Freshly Canned Lamb Chunks, Freshly Canned Lamb Stew, Freshly Canned Lamb Mince
2) By Frozen: Frozen Canned Lamb Chunks, Frozen Canned Lamb Stew, Frozen Canned Lamb Mince
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Which Top Companies are Driving Growth in the Canned Lamb Market?
Major companies operating in the canned lamb market are Tyson Foods Inc., Hormel Foods Corp., Perdue Farms Inc., Alliance Group Limited, AFFCO Holdings Limited, Stahly Quality Foods Ltd., Treats Unleashed Inc., Evanger's Dog And Cat Food Co., Tuffy's Pet Foods Inc., Muhubrands.com, New Zealand Lamb Company, AlexMeat & Provision Inc., Calibra Inc., Hound & Gatos Company, Wellness Pet Company Inc., Perfect Companion Group (PCG), Fortan GmbH & Co. KG., SmartHeart Pro, Caledonian Kitchen Limited, Leos Pet Her Hakk Sakldr
Which Regions Will Dominate the Canned Lamb Market Through 2029?
North America was the largest region in the canned lamb market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the canned lamb market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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