Canned Food Market by Product, Distribution Channel, and Geography - Forecast and Analysis 2023-2027
- Published: Dec 2022
- Pages: 161
- SKU: IRTNTR44324
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The Canned Food Market is projected to increase by USD 29,442.6 million from 2022 to 2027. The market is estimated to grow at a CAGR of 4.3% between 2022 and 2027. In 2017 the market size was valued at USD 104,165.23 million.
New product launches are a major factor driving market growth. Players in the market are launching new products to stay competitive in the market and meet the changing consumer demands. This is an important driver contributing to the growth of the market. New product launches help vendors increase their sales and market share. Vendors try to attract customers by introducing new canned food variants. For instance, in July 2021, Campbell Soup company launched the new canned Spicy Chicken Noodle soup flavour, and in March 2021, Thai Union canned tuna products brand SEALECT launched a limited-edition series of Canned Tuna with a special Doraemon packaging design from the famous Japanese Manga series, etc.
This market is segmented by product into canned fish and seafood, canned vegetables, canned meat, canned ready meals, and others. The canned fish and seafood segment will contribute 40% to the growth of the market. The demand for canned fish and seafood products continues to increase in countries such as China, India, and Brazil, owing to the growth of the population and rising awareness about the health benefits of consuming seafood. In addition, the Middle East is also witnessing a significant demand for canned seafood products.
Canned Food Market: Overview
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Key Trend and Challenge
The packaging-related innovations are notably driving the market growth, although factors such as product recalls may impede the market growth. Our researchers analyzed the data with 2022 as the base year and the key drivers, trends, and challenges. A holistic analysis of drivers, trends, and challenges will help stakeholders in the value chain refine their marketing strategies to gain a competitive advantage.
Trend
Packaging-related innovation is a primary trend that will support market growth. Manufacturers are focusing on innovations in packaging with an increase in the demand for chemical-free canned foods. Brands like Conagra Brands and The Hain Celestial Group Inc. (Hain Celestial) have started offering products in BPA-free containers. These brands offer either a few or all their canned food products in BPA-free cans, which usually have polyester-based substances coated on the inside of the cans.
The search for alternatives for BPA-containing cans has led to new technologies replacing such toxic chemicals. For instance, Soy-PK Reactive Oligomer Cross-Linker, which is a new can coating technology developed by researchers and the Ohio Soybean Council, can replace BPA. The new technology makes use of a soy-based resin that protects food products, especially those that are highly acidic, against corrosion in aluminium and steel cans. These innovations could help manufacturers in adapting to the regulations set by the authorities. With the rise in stringent regulations and increasing concerns over consumer health, such innovations are expected to be a major trend in the coming years
Challenge
Product recalls will be a major challenge for the market share growth. Food regulatory and compliance authorities in any country have the right to shut down a business and recall its products from the market if the products pose a threat to the well-being of consumers. The food and beverage industry has witnessed frequent product recalls as a result of the improper handling of raw materials or supplies. Product recalls severely impact the brand image and the operations and sales of a company.
The market has witnessed various product recalls over the last few years due to the use of contaminated raw materials, the presence of allergens, and incorrect labelling. Consumers are very conscious about the brand image of products that they purchase, as any negligence will affect their health and well-being. These factors can negatively impact the growth of the market and lead to distrust among consumers.
Customer Landscape
The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Canned Food Market Customer Landscape
Vendor Overview
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
- Key Offering - Ayam offers canned foods such as sardines, baked beans, fruits and vegetables.
- Key Offering - Boltongroup offers canned foods such as meat under its brand Simmenthal.
- Key Offering - Bonduelle offers canned foods such as vegetables under its brand Cassegrain.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:
- A. Clouet Australia Pty Ltd.
- Atria Plc
- Bolton Group Srl
- BONDUELLE SA
- Campbell Soup Co.
- CHB Group
- Conagra Brands Inc.
- Danish Crown AS
- Del Monte Pacific Ltd.
- Eureden Co operative Group
- General Mills Inc.
- The Hain Celestial Group Inc.
- Hormel Foods Corp.
- The J.M Smucker Co.
- JBS SA
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
Canned Food Market Segmentation by Distribution Channel
The canned food market segmentation by distribution channel consists of offline and online. The offline distribution channel segment generates revenue from the sales of products through hypermarkets, supermarkets, and clubhouse stores; department stores; and independent retailers. The revenue generated by this segment has been declining gradually because of the shift to online shopping by consumers. Retailers are introducing new business and retail strategies, for example, better pricing strategies and wider assortments, owing to the declining preference for offline shopping and the need to survive in a competitive market. As a part of the marketing and offline sales strategy, resellers place attractive displays that generate strong sales.
Canned Food Market Segmentation by Product
The canned food market segmentation by product consists of canned fish and seafood, canned vegetables, canned meat, canned ready meals, and others. The market share growth of the canned fish and seafood segment will be significant during the forecast period. The canned fish and seafood segment will see steady growth during the forecast period. Canned fish products offer the same health benefits as fresh fish products. The American Heart Association recommends the consumption of fish at least two times per week as it offers a variety of health benefits. One of the easiest means to meet the recommended fish intake is through the consumption of canned tuna, which is low in fat and rich in several vitamins, minerals, healthy oils, and protein. This will positively influence the market during the forecast period.
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The canned fish and seafood segment was valued at USD 35,322.43 million in 2017 and continued to grow until 2021. The demand for canned fish and seafood products continues to increase in countries such as China, India, and Brazil, owing to the growth of the population and rising awareness about the health benefits of consuming seafood. The trend of sustainable fishing is shaping canned fish consumption, which is also supported by retailers. Additionally, the development of modern distribution channels and technological improvements in the processing, packaging, and storage of seafood products support the growth of the segment.
Key Regions for the Canned Food Market
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North America is estimated to contribute 33% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
Canned foods, being cheaper than fresh foods, might be more attractive to consumers during times of economic changes. Younger consumers prefer canned food owing to convenience. The rising household expenditure on food and beverages in the region, coupled with product launches, will propel the growth of the market in Europe. Supermarkets and hypermarkets are the primary distribution channels for canned food and are highly preferred in the urban areas of Europe. These factors are expected to drive the growth of the market in the region during the forecast period.
The regional market witnessed certain challenges due to the outbreak of the COVID-19 pandemic. However, rising awareness about the health benefits of canned food products, such as the preservation of protein and vitamin content, will contribute to the growth of the market in Europe during the forecast period.
Segment Overview
The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
- Product Outlook (USD Million, 2017 - 2027)
- Canned fish and seafood
- Canned vegetables
- Canned meat
- Canned ready meals
- Others
- Distribution Channel Outlook (USD Million, 2017 - 2027)
- Offline
- Online
- Region Outlook (USD Million, 2017 - 2027)
- Europe
- The U.K.
- Germany
- France
- Rest of Europe
- North America
- The U.S.
- Canada
- APAC
- China
- India
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- South America
- Brazil
- Argentina
- Europe
Canned Food Market Scope |
|
Report Coverage |
Details |
Page number |
161 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.3% |
Market growth 2023-2027 |
USD 29,442.6 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
4.1 |
Regional analysis |
Europe, North America, APAC, Middle East and Africa, and South America |
Performing market contribution |
North America at 33% |
Key countries |
US, China, Japan, Spain, and UK |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
A. Clouet Australia Pty Ltd., Atria Plc, Bolton Group Srl, BONDUELLE SA, Campbell Soup Co., CHB Group, Conagra Brands Inc., Danish Crown AS, Del Monte Pacific Ltd., Eureden Co operative Group, General Mills Inc., The Hain Celestial Group Inc., Hormel Foods Corp., The J.M Smucker Co., and JBS SA |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
What are the Key Data Covered in this Canned Food Market Report?
- CAGR of the market during the forecast period
- Detailed information on factors that will drive the growth of the canned food market between 2023 and 2027
- Precise estimation of the size of the canned food market size and its contribution of the market in focus on the parent market
- Accurate predictions about upcoming trends and changes in consumer behaviour
- Growth of the market industry across Europe, North America, APAC, Middle East and Africa, and South America
- Thorough analysis of the market’s competitive landscape and detailed information about vendors
- Comprehensive analysis of factors that will challenge the growth of canned food market vendors
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1 Drivers, Challenges, and Trends
- 1.1 Market drivers
- 1.1.1 Technological innovations in COB LEDs
- 1.1.2 Growing adoption of COB LEDs in smart lighting
- 1.1.3 Growing demand from the automotive sector
- 1.2 Market challenges
- 1.2.1 Development of CSP LEDs
- 1.2.2 Emergence of quantum boards
- 1.2.3 High import duties
- 1.3 Impact of drivers and challenges
- 1.4 Market trends
- 1.4.1 Adoption of COB LEDs in horticulture
- 1.4.2 Development of high-color rendering index (CRI) COB LEDs
- 1.4.3 Growing interest in human-centric lighting
- 01: Impact of drivers and challenges
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases

DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts

REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
Frequently Asked Questions?
- US
- China
- Japan
- Spain
- UK
- New product launches
- Packaging-related innovations
Key Questions Answered
- What are the key global market and the regional market share?
- What are the revenue-generating key market segments?
- What are the key factors driving and challenging this market’s growth?
- Who are the key market vendors and their growth strategies?
- What are the latest trends influencing the growth of this market?
- What are the variables influencing the market growth in the primary regions?
- What are the factors influencing the growth of the parent market?
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