The Global Canned Meat Market size is expected to reach $16.7 billion by 2027, rising at a market growth of 3.2% CAGR during the forecast period.
Canned meat is basically a form of processed meat item which is preserved through canning and packaging. There are various types of meat that come in the packaged can such as chicken, pork, fish, rabbit, and beef, etc. Canned meat consists of diverse seasoned and cooked meats, minced meat, grounded meat, and pureed meat.
The canned meat products are processed through heat which eliminates all the microorganisms along with the bacteria that exist on the meat before processing and then seal packed into cans or other containers. The size of the container totally depends on the amount of meat it is supposed to carry.
Canned meat items are majorly processed through retort cooking. Retort cooking is a process in which the low acid food items, which are fragile toward microbial organisms, are heated hermetically or completely airtight, intending to increase the expiry duration of the product. The retort cookers are utilized at a pressure ranging from 12 psi to 15 psi.
In addition, the release of retort pouches for packaging the canned meat food items is a new trend that is becoming an alternate of the metal cans which are traditionally used containers for preserving the food items. Retort pouches are flexible containers that are laminated with multiple layers which comprises endurance toward high temperature and pressure processing. These pouches prevent moisture and harmful gases to come in contact with the meat kept inside. These pouches are witnessing high demand due to their cost-efficiency and low weight.
The outbreak of the COVID-19 pandemic had impacted the businesses, governments, and lives of the common people in a brutal way wherein nobody could predict what comes next. In addition, the pandemic brought the world to a state where the administration of all the countries had to impose lockdown. Due to the government protocols, various industries had to shut down complete or some business operations. COVID-19 turned the tables for various industries across the world and even impacted a few robust companies of the market.
Due to the global lockdown, the import and export activities of all the goods including the canned meat items were completely paused. It caused a significant downfall to companies and vendors that were operating in the market. All the means of distribution of the canned meat products were closed which caused a great reduction in the supply of canned meat.
The canned meat during the preservation is processed under a complex procedure to offer the best possible quality to the consumer when they open the seal of the container. Containers that are used for carrying the canned meat are packed air-tight with the purpose to restrict the moisture to enter the container and damaging the food. The complicated procedure of packaging and sealing the meat into containers provides an extended store life to the product within the container. In some cases, such as canning of processed raw beef, the life of the preserved product can be extended for 2-5 years.
A huge number of restaurants and meat food franchises are entering the market nowadays. Also, a lot of the current market players such as KFC, chick-fil-a, Wendy’s, and Louisiana kitchen are catering to the needs of a large number of consumers of canned meat products. The restaurants and outlets of numerous franchises witness a significant demand for processed preserved meat products. This high demand is a result of their requirements of the bulk of meat to immediately serve or deliver it to their customers on orders. These brands and restaurants buy huge stocks of canned meat and store them in their pantries with the purpose to store it for a long duration.
Canned meat is a good source of healthy vitamins, minerals, and other essentials for the mental and physical development of a person. On the other hand, canned meat plays a major role in promoting animal cruelty. A huge number of animals get slaughtered and packed to be served on the plates of the customers. The awareness toward animal cruelty is constantly increasing which is instigating the emergence of a new trend named veganism. In veganism, a person boycotts all the products that are attained through animal abuse.
Based on Distribution channel, Canned meat market is segregated into Supermarket & Hypermarket, Specialty Store, Online, and Others. In 2020, the supermarket and hypermarket segment held the maximum revenue share of the canned meat market and is expected to showcase the similar trend during the forecast years. Supermarkets and hypermarkets are the major distributors of canned meat. Hypermarkets and supermarkets offer a broad range of canned meat products to their customers at a single stop.
Based on the Type, Canned meat market is segmented in Beef, Seafood, Poultry, Pork, and Others. The poultry meat segment held the highest revenue share of the canned meat market in 2020 and would continue to show the similar trend even during the forecasting period. The poultry food refers to the meat items that are achieved by poultry farms such as chicken. Poultry meat items are high in protein as well as they are highly demanded meat items due to the variety they offer in terms of recipes.
| Report Attribute | Details |
|---|---|
| Market size value in 2020 | USD 13.6 Billion |
| Market size forecast in 2027 | USD 16.7 Billion |
| Base Year | 2020 |
| Historical Period | 2017 to 2019 |
| Forecast Period | 2021 to 2027 |
| Revenue Growth Rate | CAGR of 3.2% from 2021 to 2027 |
| Number of Pages | 163 |
| Number of Tables | 290 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Companies Strategic Developments, Company Profiling |
| Segments covered | Distribution Channel, Meat Type, Region |
| Country scope | US, Canada, Mexico, Germany, UK, France, Russia, Spain, Italy, China, Japan, India, South Korea, Singapore, Malaysia, Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria |
| Growth Drivers |
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| Restraints |
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Based on the Region, Canned meat market is analyzed across North America, Europe, APAC, and LAMEA. In 2020, North America emerged as the leading region of the overall canned meat market and would display the same kind of trend over the forecasting period. This is attributed to the significant scale of developments across the region toward the food processing and preservation sector. Moreover, the increasing number of people with poultry farms as a medium of their livelihood would further expedite the supply of canned meat food across the region.
Free Valuable Insights: Global Canned Meat Market size to reach USD 16.7 Billion by 2027
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Hormel Foods Corporation, Bolton Group S.r.l, Survivalcave, Inc., Fujian Zishan Group Co., Ltd., Meat Maniac, Bright Food (Group) Co., Ltd., Key Food Stores Co-Operative, Inc., Conagra Brands, Inc. (Libby’s Canned Meat), Campbell Soup Company, and Vion Holding N.V.
By Distribution Channel
By Meat Type
By Geography
The global canned meat market size is expected to reach $16.7 billion by 2027.
Rising number of commercial meat food-based chains and restaurants are driving the market in coming years, however, frequently increasing vegan population have limited the growth of the market.
Hormel Foods Corporation, Bolton Group S.r.l, Survivalcave, Inc., Fujian Zishan Group Co., Ltd., Meat Maniac, Bright Food (Group) Co., Ltd., Key Food Stores Co-Operative, Inc., Conagra Brands, Inc. (Libby’s Canned Meat), Campbell Soup Company, and Vion Holding N.V.
The expected CAGR of the canned meat market is 3.2% from 2021 to 2027.
Due to the global lockdown, the import and export activities of all the goods including the canned meat items were completely paused. It caused a significant downfall to companies and vendors that were operating in the market.
The North America market dominated the Global Canned Meat Market by Region 2020, and would continue to be a dominant market till 2027.
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