According to a new report, published by KBV research, The Global Canned Food Market size is expected to reach $151.3 billion by 2031, rising at a market growth of 3.7% CAGR during the forecast period. In the year 2023, the market attained a volume of 8,654.2 Kilo Tonnes Quintal experiencing a growth of 14.1% (2020-2023).
Canned food refers to food products that have been processed, packaged, and sealed in airtight containers (typically metal cans) to extend their shelf life and preserve their freshness. Canning is a method of food preservation that involves heating food to high temperatures to kill bacteria, enzymes, and other microorganisms that can cause spoilage, then sealing the food in airtight containers to prevent contamination.
The Conventional segment is registering a CAGR of 3.2 % during the forecast period. Conventional canned foods have been a staple in households for decades. Their long-standing presence in the market has built consumer trust and familiarity, leading to consistent demand. Conventional canned foods are typically more affordable than organic or specialty canned products.
The Hypermarkets & Supermarkets segment led the Global Canned Food Market by Distribution Channel in 2023; thereby, achieving a market value of $60.9 billion by 2031. Retail outlets, including supermarkets, hypermarkets, convenience stores, and grocery stores, have extensive networks that reach a broad consumer base. This wide accessibility makes it easy for consumers to purchase canned foods during regular shopping trips.
The Canned Fruits & Vegetables segment is growing at a CAGR of 2.8 % during the forecast period. Canned fruits and vegetables are available year-round, regardless of the season. This consistent availability makes them a reliable option for consumers, especially in regions where certain fresh produce is inaccessible all year.
Full Report: https://www.kbvresearch.com/canned-food-market/
The Europe region dominated the Global Canned Food Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $52.3 billion by 2031. The North America region is anticipated to grow at a CAGR of 3.5% during (2024 - 2031). Additionally, The Asia Pacific region would witness a CAGR of 4.3% during (2024 - 2031).
By Type (Volume, Kilo Tonnes, USD Billion, 2020-31)
By Distribution Channel (Volume, Kilo Tonnes, USD Billion, 2020-31)
By Product (Volume, Kilo Tonnes, USD Billion, 2020-31)
Unique Offerings 
