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Written by Elena Anderson » Updated on: November 29th, 2024
Canned Food Industry Summary:
IMARC Group’s latest report, titled “Canned Food Market Report by Product Type (Canned Meat and Seafood, Canned Fruit and Vegetables, Canned Ready Meals, and Others), Type (Organic, Conventional), Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, E-commerce, and Others), and Region 2025-2033”, the global canned food market size reached USD 101.7 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 126.3 Billion by 2033, exhibiting a growth rate (CAGR) of 2.2%during 2025-2033.
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Industry Trends and Drivers:
With busy lifestyles, consumers increasingly prioritize convenience, leading to a growing demand for ready-to-eat products like canned foods. The market benefits from products that require minimal preparation time, addressing the needs of individuals with limited time for meal preparation. In addition, canned food is shelf-stable, reducing the need for frequent shopping trips, which appeals to consumers aiming for efficient pantry stocking. The expansion of single-portion options and diverse product types like canned vegetables, fruits, and meats further propels this demand. The canned food market share continues to rise as consumers increasingly rely on these practical meal solutions.
Health-conscious consumers are driving demand for canned foods with high nutritional content, such as canned fish rich in omega-3 fatty acids, and legumes packed with protein and fiber. Manufacturers are responding by developing products free from preservatives and artificial additives to appeal to health-focused buyers. Additionally, there’s increased transparency in labeling, allowing consumers to make informed choices about nutrient-rich options. This trend positively influences the canned food market size, as consumers find canned food a viable, nutritious alternative to fresh options, enhancing its appeal across diverse demographics.
The proliferation of supermarkets, hypermarkets, and online grocery platforms has significantly broadened canned food availability, making it more accessible to a wider audience. Retailers are also offering competitive pricing and bundling deals, encouraging consumers to purchase canned goods in bulk. Moreover, the growth of e-commerce has facilitated convenient access to a diverse range of canned foods, with online channels providing detailed information and reviews. This trend reflects the changing canned food market trends, with distribution channels playing a pivotal role in reaching consumers and ensuring product visibility across various retail and digital platforms.
Top Canned Food Market Leaders:
The canned food market research report outlines a detailed analysis of the competitive landscape, offering in-depth profiles of major companies. Some of the key players in the market are:
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Key Market Segmentation:
Breakup by Product Type:
Canned meat and seafood accounts for the majority of the market share due to their high protein content and consumer preference for long-lasting, protein-rich food. This segment benefits from innovations in preservation that maintain taste and nutritional value over extended periods.
Breakup by Type:
Conventional products hold the largest share of the industry due to established consumer familiarity and competitive pricing. They remain accessible to a broad demographic, contributing significantly to the overall market demand.
Breakup by Distribution Channel:
Supermarkets and hypermarkets represent the leading market segment due to the wide range of products available and the convenience these stores offer. Their bulk-purchasing and promotional strategies appeal to cost-conscious consumers and families.
Breakup by Region:
North America holds the leading position due to high consumer acceptance of canned foods and well-established retail networks. The region's demand is further supported by advanced distribution systems ensuring product accessibility.
Key Highlights of the Report:
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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