The global canned foods market size is projected to reach USD 100.92 billion by the end of 2027. Increasing product demand availability at low costs will emerge in favor of market growth. According to a report published by Fortune Business Insights, titled “Canned Food Market Size, Share & Industry Analysis, By Type (Canned Seafood, Canned Fruits and Vegetables, Canned Meat, and Others), Distribution Channel (Supermarkets/ Hypermarkets, Specialty Stores, and Online Retail), and Regional Forecast, 2020 – 2027,” the market was worth USD 91.90 in 2019 and will exhibit a CAGR of 1.30% during the forecast period, 2020-2027.
Canned foods are widely consumed across the world, accounting to the adoption of fast paced lifestyles. These foods have gained massive popularity in the past few decades. The increasing demand for clean-labelled products has led to an increase in the demand for canned foods across the world. The use of environment-friendly material for manufacturing of cans and can materials will aid the growth of the overall market in the coming years. The availability of canned foods at retail chains, stores, grocery shops, and other chains will lead to a wider consumption across the world. The availability of preserved foods and variations in these foods will emerge in favor of the companies operating in the market. The high investment in development of long-lasting canned foods will aid the growth of the overall market in the forthcoming years.
North America to Exhibit the Highest CAGR; Adoption of Fast-paced Lifestyle to Aid Growth
The report analyses the ongoing market trends across five major regions, including North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among all regions, the market in North America is expected to emerge dominant in the coming years. The adoption of a fast-paced lifestyle and increasing trends of canned food consumption, especially in the United States will contribute to market growth. The presence of several large scale retailers, coupled with the growing popularity of convenience foods will emerge in favor of market growth. As of 2019, the market in North America was worth USD 35.93 billion and this value is projected to increase further in the coming years. The market in Europe is projected to emerge as the second largest market, owing to the increasing consumption of canned foods especially by the millennial population in several countries across this region.
Information source: https://www.fortunebusinessinsights.com/canned-food-market-103258
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Get Free Exclusive PDF Sample Copy of This Report https://www.upmarketresearch.com/home/requested_sample/7548 Canned Food Industry research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period.
Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
The numerical data is backed up by statistical tools such as SWOT analysis, BCG matrix, SCOT analysis, PESTLE analysis and so on.
The statistics are represented in graphical format for a clear understanding on facts and figures.
The generated report is firmly based on primary research, interviews with top executives, news sources and information insiders.
The Global Canned Food Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 gives an evaluation of the market developments based on historical studies and comprehensive research respectively.
The market segments are also provided with an in-depth outlook of the competitive landscape and a listing of the profiled key players.Canned food is stated as processed food item which is packed airtight with added preservatives.
Canned food products have found acceptance worldwide as they have short cooking time, long shelf life, and easy storage.
These favorable attributes of canned food products are proving to be a major driver for the canned food market.
The variety of products that are sold as canned food is increasing day by day because canned food addresses the problem of convenience of getting food anywhere.
The products available in the canned food category are Beans, Fish/Seafood, Fruit, Meat and Meat Product, Pasta, Ready Meals, Soup, Tomatoes and vegetables.
The global canned foods market size is projected to reach USD 100.92 billion by the end of 2027.
According to a report published by Fortune Business Insights, titled “Canned Food Market Size, Share & Industry Analysis, By Type (Canned Seafood, Canned Fruits and Vegetables, Canned Meat, and Others), Distribution Channel (Supermarkets/ Hypermarkets, Specialty Stores, and Online Retail), and Regional Forecast, 2020 – 2027,” the market was worth USD 91.90 in 2019 and will exhibit a CAGR of 1.30% during the forecast period, 2020-2027.Canned foods are widely consumed across the world, accounting to the adoption of fast paced lifestyles.
The use of environment-friendly material for manufacturing of cans and can materials will aid the growth of the overall market in the coming years.
Among all factors, the increasing number of number of company mergers and acquisitions as well as collaborations has made the highest impact on market growth.
The company acquired Farmwise LLC., a global manufacturer of canned vegetables.
This acquisition will help the company improve its global business in the coming years.
