SHERIDAN, WYOMING, USA, August 16, 2022 /EINPresswire.com/ — The latest research report from the IMARC group, titled “canned food market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027”, offers detailed analysis of market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the market scenarios current and future.
The global canned food market reached a value of US$93.37 billion in 2021. Looking ahead, IMARC Group expects the market to reach a value of US$114.38 billion. 2027, posting a CAGR of 3.30% in 2022-2027. Canned foods refer to food products that are processed and packaged in airtight containers. It includes seafood, meat, fruits, vegetables, meals, sweets, desserts, soups, sauces, beans, lentils, and pastas. These food products are processed through various techniques, such as peeling, chopping, or cooking, and then sealed in an airtight tin or foil can. Food canning is a technique of storing food at standard temperatures by storing food in tightly sealed containers under vacuum and treating it properly with heat. It helps keep food stable and safe for consumption for an extended period of time.
The COVID-19 pandemic has severely affected the canned food market. Many countries around the world have faced mandatory shutdowns, amid which the availability of food has gradually diminished. This led to an increase in product prices and negatively affected consumer purchasing power. Strict rules and regulations imposed by governments across countries for the purchase of essential items have led to a drop in sales of various foods and beverages. The closure of manufacturing facilities and dwindling manpower available at operating production houses also led to lower overall production. Due to the pandemic, the food and beverage industry has been significantly impacted due to supply chain disruption, thus affecting the global canned food market.
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Important Attribute and Report Highlights:
Detailed Global Market Share Analysis
Market segmentation by product type, type and distribution channel.
Historical, current and projected market size in terms of volume and value
Latest industry trends and developments
Competitive landscape for the canned food market
Strategies of key players and product offerings
The global market is mainly driven by the growing demand for ready-to-eat food products. In this light, the growing consumption of packaged food products and beverages that are convenient to use and consume is positively influencing the market. Additionally, the changing inclination of consumers towards organic and clean label products creates a positive outlook for the market. Additionally, the widespread availability of organic canned goods and growing consumer awareness of hygienic food products is bolstering the market. Additionally, the expansion of the millennial population and their wide acceptance of ready-to-eat foods has led them to opt for canned foods as they are easier to cook and save preparation time. Moreover, the rapid growth of various organized distribution channels is driving the demand for canned food.
Key Players Included in the Global Canned Food Market Research Report:
Campbell Soup Company
Danish Krone AmbA
Del Monte Foods Inc.
Prince Foods (Mitsubishi Corporation)
Thai Union Group PCL
The Bolton Group and the Kraft Heinz Company
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Overview of the impact of COVID-19:
We regularly monitor the direct effect of COVID-19 on the market, as well as the indirect influence of associated industries. These observations will be incorporated into the report.
Key Market Segmentation:
Breakdown by product type:
Canned meat and seafood
Canned fruits and vegetables
Canned ready meals
Breakdown by type:
Breakdown by distribution channel:
Supermarkets and Hypermarkets
Breakdown by region:
North America (USA, Canada)
Asia-Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Others)
Latin America (Brazil, Mexico, others)
Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)
Table of Content of Canned Food Market Research Report:
Scope and methodology
Global canned food market
Value chain analysis
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Who we are:
The IMARC Group is a leading market research firm providing management strategies and market research worldwide. We partner with clients across all industries and geographies to identify their most important opportunities, address their most critical challenges and transform their businesses.
IMARC’s information products include major business, scientific, economic and technological developments for business leaders in pharmaceutical, industrial and high-tech organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverages, travel and tourism, nanotechnology and new processing methods are at the top of the list. company expertise.
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