The Canned Food Market is Predict to reach USD 151.3 Billion by 2031, at a CAGR of 3.7%

24-Jun-2024 | Report Format: Electronic (PDF)

Canned Food Market Growth, Trends and Report Highlights

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.

Canned Food Market Size - By Region

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).

List of Key Companies Profiled

  • F.C.F. Fishery Co., Ltd. (Bumble Bee Foods, LLC)
  • Conagra Brands, Inc.
  • The Kraft Heinz Company
  • Hormel Foods Corporation (MegaMex Foods, LLC)
  • Campbell Soup Company
  • Del Monte Pacific Limited
  • Thai Union Group PLC
  • Dole Food Company, Inc.
  • Bonduelle S.A.
  • McCormick & Company, Inc.

Canned Food Market Report Segmentation

By Type (Volume, Kilo Tonnes, USD Billion, 2020-31)

  • Conventional
  • Organic

By Distribution Channel (Volume, Kilo Tonnes, USD Billion, 2020-31)

  • Hypermarkets & Supermarkets
  • Food Service
  • Convenience Stores
  • Online
  • Others

By Product (Volume, Kilo Tonnes, USD Billion, 2020-31)

  • Canned Fruits & Vegetables
  • Canned Fish & Seafoods
  • Canned Meat Products
  • Canned Ready Meals
  • Canned Condiments
  • Others

By Geography (Volume, Kilo Tonnes, USD Billion, 2020-31)

  • North America
    • US
    • Canada
    • Mexico
    • Rest of North America
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Malaysia
    • Rest of Asia Pacific
  • LAMEA
    • Brazil
    • Argentina
    • UAE
    • Saudi Arabia
    • South Africa
    • Nigeria
    • Rest of LAMEA

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