Technavio estimates the global canned food market to grow by USD 19.52 billion, progressing at a CAGR of almost 4% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Global Canned Food Market 2020-2024 (Graphic: Business Wire)
The market is driven by new product launches. However, product recalls might challenge growth.
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Canned Food Market: Product Landscape
Based on the product, the market saw maximum growth in the canned fish and seafood segment. The segment is driven by the growing population and rising awareness about the health benefits of consuming seafood in countries such as Brazil, China, and India. The market growth in the segment will be significant over the forecast period.
Canned Food Market: Geography Landscape
32% of the market's growth originated from North America in 2019. Factors such as the increasing demand for convenience foods and the increased availability of canned food are driving the growth of the canned food market in North America.
The US is the key market for canned food in North America. Market growth in this region will be slower than the growth of the market in APAC and MEA.
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Major Three Canned Food Market Vendors:
Bolton Group Srl
Bolton Group Srl operates its business through the Unified segment. The company offers canned food products through brands such as RIOmare, Palmera, and Isabel.
Campbell Soup Co.
Campbell Soup Co. operates its business through the Snacks segment. The company offers cookies, crackers, fresh bakery, and frozen products under the brands Milano, Goldfish, Lance, and Kettle.
Conagra Brands Inc.
Conagra Brands Inc. operates its business through segments such as Grocery and Snacks, Refrigerated and Frozen, International, Foodservice, and Pinnacle Foods. The company offers canned food products through brands such as Hunts, Chef Boyardee, and Healthy Choice.
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Related Reports on Consumer Staples Include:
Global Canned Seafood Market Global canned seafood market is segmented by product (canned tuna, canned salmon, and other canned seafood) and geography (Europe, North America, APAC, MEA, and South America). Click Here to Get an Exclusive Free Sample Report
Global Canned Tuna Market Global canned tuna market is segmented by product (canned skipjack tuna, canned yellowfin tuna, canned albacore tuna, and other canned tuna) and geographic landscape (APAC, Europe, MEA, North America, and South America). Click Here to Get an Exclusive Free Sample Report
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio's in-depth research has direct and indirect COVID-19 impacted market research reports.
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What our reports offer:
- Market share assessments for the regional and country-level segments
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