“Global Canned Fruits Market to reach a market value of 15 Billion by 2031 growing at a CAGR of 3.5%”
The Global Canned Fruits Market size is expected to reach $15 billion by 2031, rising at a market growth of 3.5% CAGR during the forecast period.
Rapid urbanization in the Asia-Pacific region has led to busier lifestyles, with many consumers seeking convenient food options. These fruits offer a quick and easy solution for those with hectic schedules. Consequently, the Asia Pacific region would acquire nearly, 26% of the total market share by 2031.
Modern lifestyles are increasingly fast paced, with many consumers juggling busy work schedules, family responsibilities, and other commitments. As a result, there is a growing demand for convenient food options that require minimal preparation time. In addition, due to the preservation techniques used in canning, these fruits have a significantly longer shelf life than fresh fruits. Thus, rising consumer demand for convenient and ready-to-eat food products drives the market's growth.
Additionally, expanding distribution channels and retail networks enables these fruits to reach a broader audience. Expanding retail networks allows for strategically placing canned fruits in high-traffic areas within stores. Therefore, the expansion of distribution channels and retail networks is propelling the market's growth.
However, these fruits are often perceived as less fresh compared to their fresh counterparts. This perception arises because fresh fruits are associated with immediate consumption and peak ripeness, while these fruits undergo a preservation process that can alter their texture and taste. Thus, the perception of lower freshness and nutritional value hamper the market's growth.
On the basis of form, the market is segmented into whole fruits and cut fruits. In 2023, the whole fruits segment attained 31% revenue share in the market. Whole fruits maintain their natural shape and appearance, which appeals to consumers looking for more authentic and visually appealing fruit options.
Based on type, the market is divided into canned peaches, canned pears, canned pineapples, canned oranges, and others. The canned pineapples segment attained 27% revenue share in the market in 2023. Pineapples are a favored ingredient in various culinary applications, such as salads, desserts, and savory dishes, due to their unique tangy, sweet flavor, which is highly alluring and adaptable.
By distribution channel, the market is divided into supermarkets/hypermarkets, specialty stores, online retail, and others. The online retail segment procured 18% revenue share in the market in 2023. Online retail offers the convenience of home delivery, allowing consumers to purchase these fruits without visiting physical stores.
Free Valuable Insights: Global Canned Fruits Market size to reach USD 15 Billion by 2031
Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The Europe region witnessed 38% revenue share in the market in 2023. European consumers often lead busy lifestyles, making the convenience of these fruits highly appealing. The ready-to-eat nature of these fruits saves time on food preparation and provides an easy option for quick snacks and meals.
| Report Attribute | Details |
|---|---|
| Market size value in 2023 | USD 11.6 Billion |
| Market size forecast in 2031 | USD 15 Billion |
| Base Year | 2023 |
| Historical Period | 2020 to 2022 |
| Forecast Period | 2024 to 2031 |
| Revenue Growth Rate | CAGR of 3.5% from 2024 to 2031 |
| Number of Pages | 214 |
| Number of Tables | 370 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives |
| Segments covered | Form, Type, Distribution Channel, Region |
| Country scope |
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| Companies Included | Del Monte Pacific Limited, Dole Packaged Foods, LLC (Dole International Holdings, Inc.), The Kraft Heinz Company, CHB Group, RFG Holdings Limited, Roland Foods LLC (Vestar Capital Partners), Delicia Foods India Pvt. Ltd., Greenyard NV, Oregon Fruit Products LLC and The Kroger Co. |
By Form
By Type
By Distribution Channel
By Geography
The Market size is projected to reach USD15 billion by 2031.
Expansion of distribution channels and retail networks are driving the Market in coming years, however, Perception of lower freshness and nutritional value restraints the growth of the Market.
Del Monte Pacific Limited, Dole Packaged Foods, LLC (Dole International Holdings, Inc.), The Kraft Heinz Company, CHB Group, RFG Holdings Limited, Roland Foods LLC (Vestar Capital Partners), Delicia Foods India Pvt. Ltd., Greenyard NV, Oregon Fruit Products LLC and The Kroger Co.
The expected CAGR of this Market is 3.5% from 2024 to 2031.
The Canned Peaches segment led the Market by Type in 2023; thereby, achieving a market value of $4.7 billion by 2031.
The Europe region dominated the Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $5.6 Billion by 2031.
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