The Canned Foods Market is Projected to Grow From 17 Bn in 2023 to 25.6 Bn by 2033, at a CAGR of 4.2% in Forecast Period, 2023-2033 | Data by Future Market Insights Inc.

December 30, 2022

NEWARK, Del, Dec. 30, 2022 (GLOBE NEWSWIRE) -- The global canned foods market net worth is estimated to be around US$ 17 Bn in 2023 and is anticipated to register a CAGR of 4.2% from 2023 to 2033. The research report on the global canned foods market reveals that the valuation of the market would reach up to US$ 25.6 Bn by 2033. During the course of the forecast years, advancement in the canned foods industry is anticipated to be fuelled by changes in lifestyles, improved distribution networks, and rising demand for ready-to-eat food items. The world's expanding cross-cultural cuisine trend has had a favourable effect on the market expansion. Exotic dishes offered by local retailers and eateries, such as Sushi and other seafood products, have increased the demand for canned food in the last few years. To Get Sample Copy of Report Visit @ Due to the ease of cooking using canned food ingredients, which also last longer without being contaminated or spoiling, many restaurant and hotel businesses and restaurants use them extensively. Moreover, as N the fruits in cans are clean and yet maintain all of their nutritious value the demand for canned foods is projected to grow more in tandem with the growth of the hotel and hospitality industry. Key Takeaways from the Canned Foods Market Study Supermarkets or hypermarkets are the major distribution channels for all types of canned food items and contribute more than 40% of the revenue generated globally.In contrast, canned foods available over online retail channels are getting popular more rapidly and are penetrating new markets at a faster rate.Only in the United States, the market for canned foods is anticipated to reach US$ 16 Bn by 2025 while growing at a rate of 3.8% during the forecast years.China is predicted to be the fastest-growing nation in terms of production and consumption of canned food items and would register an impressive CAGR of 6% through 2033. Competitive Landscape for the Canned Foods Market Some of the major canned food market participants are Campbell Soup Company, Danish Crown AmbA, Del Monte Foods, Inc., JBS USA Holdings, Inc., Ayam Brand, Holyland Marketing Private Limited, The Kraft Heinz Company, Bolton Group S.r.l., Inc., Nestlé, Danish Crown Amba., Conagra Brands, Inc., Universal Canning Inc., StarKist Co., Bumble Bee Seafoods, Wild Planet Foods, Inc., Connors Bros Ltd., and LDH (La Doria) Ltd. Among others. Festive Offer! Get Customized Report at 40% Discount: Renowned canned foods market key players are constantly implementing innovative tactics like launching new products and increasing their production capacity in order to better serve the market and retain their growing consumer base. In this way, it aids in boosting their market position and increasing their manufacturing capacity to penetrate new markets. Providing consumers with high-quality goods is another benefit. Recent Developments in the Canned Foods Industry The Campbell Soup Company introduced a new tinned container for its spicy chicken noodle soup with a new flavor in July 2021.A minimal supply version of popular canned tuna with wrapping inspired by the popular Japanese manga series Doraemon was introduced by Thai Union's canned tuna-related brand SEALECT in March 2021.To diversify its business into canned snacks, the possession of the Del Monte processed fruit and vegetable packaging business in Canada of Conagra Brands was finalized in July 2018 by Bonduelle SA, which is a French company that offers different types of frozen, and fresh vegetables in cans. Market Segments Covered in Canned Foods Market Analysis Key Segments By Product: Canned fruits and VegetablesCanned Meat and SeafoodCanned Ready MealsOthers By Type: OrganicConventional By Distribution Channels: Supermarket or HypermarketConvenience StoresE-commerce or Online Retail ChannelsOthers By Region: North AmericaLatin AmericaEuropeEast AsiaSouth Asia and PacificMiddle East and Africa (MEA) Ask An Analyst @ Table of Content 1. Executive Summary1.1. Global Market Outlook1.2. Demand-side Trends1.3. Supply-side Trends1.4. Technology Roadmap Analysis1.5. Analysis and Recommendations 2. Market Overview2.1. Market Coverage / Taxonomy2.2. Market Definition / Scope / Limitations 3. Market Background3.1. Market Dynamics3.1.1. Drivers3.1.2. Restraints3.1.3. Opportunity3.1.4. Trends Read Full Report @ Explore FMI’s Extensive Coverage On Food and Beverage Domain: Natural Food Preservatives Market Size: The market for natural food preservatives is anticipated to be worth USD 435.2 million in 2022 and USD 856.1 million by 2032, increasing at a CAGR of 7% over that time. Food Grade Lubricants Market Analysis : The food grade lubricants market is likely to secure a CAGR of 6% through 2032. By 2032, the market's estimated value is expected to rise from its present level of US$ 258.43 Mn in 2022 to US$ 462.81 Mn. Bread Preservatives Market Growth : global market for bread preservatives. In the bakery sector, bread preservatives are used to slow the pace of mould development, as a stabiliser and emulsifier, and to increase bread volume with additional proofing time. Ammonium Chloride Food Grade Market Share : An inorganic substance with no colour, ammonium chloride (NH4Cl), is very soluble in water. As soon as it is combined with water, an acidic solution easily formed. Ammonium chloride, also known as sal ammoniac or salmiak, is used in the food business under the designation E510. Food Grade Ammonium Carbonate Market Demand : In 2022, the market for food-grade ammonium carbonate is projected to be worth US$289.5 Million. The market is projected to be driven by rising processed food consumption in both developed and emerging nations. About Future Market Insights (FMI) Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years. 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