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Jan 22, 2021 (The Expresswire) —
The global ”canned food industry” size is projected to reach USD 100.92 billion by the end of 2027. Increasing product demand availability at low costs will emerge in favor of market growth. According to a report published by Fortune Business Insights, titled “Canned Food Market Size, Share and COVID-19 Impact Analysis, By Type (Canned Seafood, Canned Fruits and Vegetables, Canned Meat, and Others), Distribution Channel (Supermarkets/ Hypermarkets, Specialty Stores, and Online Retail), and Regional Forecast, 2020 2027,” the market was worth USD 91.90 in 2019 and will exhibit a CAGR of 1.30% during the forecast period, 2020-2027.
- The Kraft Heinz Company (United States)
- Bolton Group S.r.l. (Italy)
- Campbell Soup Company (United States)
- Conagra Brands, Inc (United States)
- Nestlé (Switzerland)
- Danish Crown AmbA (Denmark)
- Del Monte Foods, Inc (United States)
- JBS USA Holdings, Inc. (United States)
- Ayam Brand (Singapore)
- Holyland Marketing Private Limited (India)
Canned foods are widely consumed across the world, accounting to the adoption of fast paced lifestyles. These foods have gained massive popularity in the past few decades. The increasing demand for clean-labelled products has led to an increase in the demand across the world. The use of environment-friendly material for manufacturing of cans and can materials will aid the growth of the overall market in the coming years. The availability of canned foods at retail chains, stores, grocery shops, and other chains will lead to a wider consumption across the world. The availability of preserved foods and variations in these foods will emerge in favor of the companies operating in the market. The high investment in development of long-lasting canned foods will aid the growth of the overall market in the forthcoming years.
Global COVID-19 Impact Analysis:
The novel coronavirus, COVID-19, has cast an unprecedented effect on several businesses across industries. While some industries are experiencing significant loss owing to the lockdown announced by the federal governments globally, collective efforts from the government and the industries will ensure that the testing times may soon pass away.
We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
Get Sample PDF Brochure with “Short-Term and Long-Term Impact of COVID-19” onCanned Food Market,
Study Period: 2016-2027
Base Year: 2019
Forecast Period: 2020-2027
Historical Period: 2016-2018
Increasing Number of Company Mergers will Have a Direct Impact on Market Growth
The report encompasses several factors that have contributed to the growth of the overall market in recent years. Among all factors, the increasing number of number of company mergers and acquisitions as well as collaborations has made the highest impact on market growth. Major companies are looking to collaborate with each other with a view to maximizing the use of resources and subsequently acquire a wider consumer base. In February 2020, BandG Foods announced that it has completed the acquisition of a renowned canned food manufacturer. The company acquired Farmwise LLC., a global manufacturer of canned vegetables. Through the acquisition of US-based Farmwise, BandG Foods will look to improve its range of plant-based protein foods. This acquisition will help the company improve its global business in the coming years. BandG’s acquisition of Farmwise LLC will also influence the growth of the overall canned food market in the coming years.
Canned Food MarketFocus on:
- Extensive product offerings
- Customer research services
- Robust research methodology
- Comprehensive reports
- Latest technological developments
- Value chain analysis
- Potential Market opportunities
- Growth dynamics
- Quality assurance
- Post-sales support
- Regular report updates
Reasons to Purchase this Report:
- Comprehensive analysis of the market growth drivers, obstacles, opportunities, and other related challenges.
- Tracks the developments, such as new product launches, agreements, mergers and acquisitions, geographical expansions, and joint ventures.
- Identifies market restraints and boosters.
- Identifies all the possible segments present in the market to aid organizations in strategic business planning.
- Canned Seafood
- Canned Vegetables and Fruits
- Canned Meat
By Distribution Channel
- Specialty Stores
- Online Retail
- North America (U.S., Canada, and Mexico)
- Europe (U.K., France, Italy, Spain, Germany, Russia, and the Rest of Europe)
- Asia-Pacific (China, India, Japan, Australia, and the Rest of Asia- Pacific)
- South America (Brazil, Argentina, and the Rest of South America)
- Middle East and Africa (South Africa, UAE, and the Rest of the MEA)
Quick Buy Canned Food MarketResearch Report:https://www.fortunebusinessinsights.com/checkout-page/103258
North America to Exhibit the Highest CAGR; Adoption of Fast-paced Lifestyle to Aid Growth
The report analyses the ongoing market trends across five major regions, including North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among all regions, the market in North America is expected to emerge dominant in the coming years. The adoption of a fast-paced lifestyle and increasing trends of canned food consumption, especially in the United States will contribute to market growth. The presence of several large scale retailers, coupled with the growing popularity of convenience foods will emerge in favor of market growth. As of 2019, the market in North America was worth USD 35.93 billion and this value is projected to increase further in the coming years. The market in Europe is projected to emerge as the second largest market, owing to the increasing consumption of canned foods especially by the millennial population in several countries across this region.
Key Questions Answered:
- Why Choose Fortune Business Insights?
- What are the key demands and trends shaping the market?
- What are the key opportunities in the market?
- What are the key companies operating in the market?
- Which company accounted for the highest market share?
- What is the market size and growth rate of the global and regional market by various segments?
- What is the market size and growth rate of the market for selective countries?
- Which region or sub-segment is expected to drive the market in the forecast period?
- What Factors are estimated to drive and restrain the market growth?
Browse Summary of this Research Report with Detailed Table of Content:https://www.fortunebusinessinsights.com/canned-food-market-103258
April 2020:Baxters Food Group Limited announced the launch of a new range of vegan tin-canned soups in three flavours-Jackfruit, Three Bean and Chipotle; Sri Lankan Sweet Potato; and Butternut Squash and Lentil Dhansak.
Table of Content
- Executive Summary
- Market Dynamics
- Key Insights
- Global Canned Food Market Analysis, Insights and Forecast, 2016-2027
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Press Release Distributed by The Express Wire
To view the original version on The Express Wire visit Canned Food Market Demand Analysis in 2020, Global Revenue, Top Companies Growth Forecast to 2027
The MarketWatch News Department was not involved in the creation of this content.