Market Size of Canned Food Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 88.86 Billion |
| Market Size (2029) | USD 109.12 Billion |
| CAGR (2024 - 2029) | 4.19 % |
| Fastest Growing Market | South America |
| Largest Market | Europe |
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*Disclaimer: Major Players sorted in no particular order |
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Canned Food Market Analysis
The Canned Food Market size is estimated at USD 88.86 billion in 2024, and is expected to reach USD 109.12 billion by 2029, growing at a CAGR of 4.19% during the forecast period (2024-2029).
Canning is a widely adopted method for extending the shelf life of food products. It effectively reduces the risks of food decomposition from environmental factors like light, air, and pests while also ensuring the preservation of essential nutrients. The global canned food market is primarily bolstered by the increasing consumption of easily consumable packaged foods and beverages. Key drivers include a rising demand for nutritious options, such as foods high in protein, fiber, vitamins, and omega-3 fatty acids, and a growing preference for quick, convenient meals. This surge in demand has led to a notable uptick in global production to meet consumer needs. For example, data from the Japan Canners Association highlights the production of approximately 26.5 thousand metric tons of canned fruits in Japan in 2022. Consumers are displaying a clear preference for natural, chemical-free food products, with a growing emphasis on understanding product labels. This trend extends to a heightened interest in organic vegetables, fruits, and meats, as they are perceived as healthier alternatives to conventionally grown options, prompting an increase in their market offerings.
Canned Food Industry Segmentation
Canned food is defined as commercially sterile, shelf-stable products that are sealed hermetically in containers. This process guarantees their safety for consumption over extended periods, even without refrigeration.
The global canned food market is segmented by type into canned meat products, canned fish/seafood, canned vegetables, canned fruits, and others. Based on distribution channels, the market is segmented into supermarkets/hypermarkets, convenience/grocery stores, online retail stores, and other distribution channels. Based on geography, the market is segmented into North America, Europe, Asia-Pacific, South America, and Middle East & Africa.
The report offers the market size and forecast of the market in value (USD) for all the above segments.
| Type | |
| Canned Meat Products | |
| Canned Fish/Seafood | |
| Canned Vegetables | |
| Canned Fruits | |
| Other Types |
| Distribution Channel | |
| Supermarkets/Hypermarkets | |
| Convenience/Grocery Stores | |
| Online Retail Stores | |
| Other Distribution Channels |
| Geography | |||||||||
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Canned Food Market Size Summary
The canned food market is experiencing a steady expansion, driven by the growing consumer preference for convenient and nutritious food options. Canning, a method that extends the shelf life of food by protecting it from environmental factors, is increasingly popular as it preserves essential nutrients. The market's growth is fueled by the rising demand for packaged foods and beverages that are high in protein, fiber, vitamins, and omega-3 fatty acids. Consumers are increasingly seeking natural and chemical-free products, with a particular interest in organic options, which has led to a broader market offering. Canned seafood, such as tuna, salmon, and sardines, is gaining traction due to its health benefits, including high omega-3 content and low fat, appealing to health-conscious individuals. Manufacturers are responding by introducing new, flavorful, and preservative-free canned seafood options to meet this demand.
In Europe, countries like Spain, the UK, and Germany are significant players in the canned food market. Spain's preference for canned fish, particularly tuna, underscores its position as a leading global importer of canned food. The UK sees a growing demand for canned fruits and vegetables, with tomato-based products being particularly popular. German consumers favor canned foods to reduce trips for perishable items, making Germany a key importer of processed vegetables and fruits in Europe. The global canned food market is competitive, with major players like Del Monte Foods, Conagra Brands, Kraft Heinz, Campbell Soup, and Nestlé intensifying their R&D efforts and focusing on sustainable practices to attract eco-conscious consumers. Recent product launches and expansions, such as Kraft Heinz's new canned mince meals and Conagra's enhanced tomato processing capabilities, highlight the industry's commitment to innovation and meeting evolving consumer preferences.
Canned Food Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.1.1 Consumer Preference For Convenience Food
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1.1.2 Marketing And Promotion Activities Supporting Market Demand
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1.2 Market Restraints
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1.2.1 Rising Concerns Over Food Quality And Safety Standards
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1.3 Porter's Five Forces Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Type
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2.1.1 Canned Meat Products
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2.1.2 Canned Fish/Seafood
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2.1.3 Canned Vegetables
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2.1.4 Canned Fruits
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2.1.5 Other Types
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2.2 Distribution Channel
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2.2.1 Supermarkets/Hypermarkets
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2.2.2 Convenience/Grocery Stores
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2.2.3 Online Retail Stores
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2.2.4 Other Distribution Channels
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2.3 Geography
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2.3.1 North America
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2.3.1.1 United States
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2.3.1.2 Canada
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2.3.1.3 Mexico
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2.3.1.4 Rest of North America
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2.3.2 Europe
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2.3.2.1 Spain
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2.3.2.2 United Kingdom
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2.3.2.3 Germany
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2.3.2.4 France
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2.3.2.5 Italy
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2.3.2.6 Netherlands
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2.3.2.7 Rest of Europe
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2.3.3 Asia Pacific
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2.3.3.1 China
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2.3.3.2 Japan
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2.3.3.3 India
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2.3.3.4 Australia
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2.3.3.5 Rest of Asia-Pacific
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2.3.4 South America
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2.3.4.1 Brazil
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2.3.4.2 Argentina
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2.3.4.3 Rest of South America
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2.3.5 Middle East and Africa
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2.3.5.1 South Africa
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2.3.5.2 Saudi Arabia
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2.3.5.3 Rest of Middle East and Africa
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Canned Food Market Size FAQs
How big is the Canned Food Market?
The Canned Food Market size is expected to reach USD 88.86 billion in 2024 and grow at a CAGR of 4.19% to reach USD 109.12 billion by 2029.
What is the current Canned Food Market size?
In 2024, the Canned Food Market size is expected to reach USD 88.86 billion.
