Canned Food Market Analysis Europe, North America, APAC, Middle East and Africa, South America - US, China, Japan, Spain, UK - Size and Forecast 2023-2027

Canned Food Market by Product, Distribution Channel, and Geography - Forecast 2023-2027

The canned food market size is forecast to increase by USD 29.44 billion between 2022 and 2027, accelerating at a CAGR of 4.3%. In 2017, the US held the largest market share, projecting an annual revenue of USD 23.41 billion. The research report on the Canned Food Market offers indfustry forecasts and segmentation based on Product including Canned fish and seafood, Canned vegetables, Canned meat, Canned ready meals, and Others. It also segments the market by Distribution Channel, which comprises Offline and Online. Geographically, the report covers Europe, North America, APAC, the Middle East and Africa, and South America. The market size, historical data (2017-2021), and future forecasts are presented in terms of value (in USD billion) for all these mentioned segments.

What will be the Size of the Canned Food Market During the Forecast Period?

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Canned Food Market Analysis 

The introduction of new products is clearly propelling market advancement.In order to remain competitive and satisfy evolving consumer needs, market players are introducing new products. This is a significant factor influencing the market's expansion. Vendors benefit from increased sales and market share through new product introductions. New canned food varieties are introduced by vendors in an attempt to draw in customers.

For example, in March 2021, Thai Union canned tuna products brand SEALECT introduced a limited-edition line of canned tuna with a unique Doraemon packaging design from the well-known Japanese Manga series; in July 2021, Campbell Soup Company introduced a new canned Spicy Chicken Noodle Soup flavour. The market is being driven by new and innovative goods that meet the increasing demand from consumers.

Canned Food Market Segment Trends

Canned Fish and Sea Food is the Leading Segment to Dominate the Market

The Canned Fish and Sea Food segment was the largest segment and was valued at USD 35.32 billion in 2017. There will be consistent expansion in the canned fish and seafood market. The health advantages of canned seafood are equivalent to those of fresh seafood. Eating fish at least twice a week is advised by the American Heart Association due to its many health benefits. In addition, the expansion of the industry is supported by the creation of contemporary distribution channels and technological advancements in the processing, packaging, and storage of seafood goods. 

Canned Food Market  - Revenue Share by Canned Fish and Sea Food Segment, 2017 - 2027.   

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North America Holds a Prominent Position in the Canned Food Market

North America is estimated to contribute 33% to the growth of the global market during the forecast period followed by growth opportunities in  Europe. 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.

Canned Food Market Size, By Region, Global, 2017 - 2027.   

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 Canned Food Market Companies Overview

The Canned Food Market is fragmented in nature. Some significant players include A. Clouet Australia Pty Ltd., Atria Plc, Bolton Group Srl, BONDUELLE SA, Campbell Soup Co., CHB Group, Conagra Brands Inc., Danish Crown AS,

The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:

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, Jutai Foods Group Ltd., LA DORIA S.P.A., Nestle SA, Princes Ltd., and Thai Union Group PCL

Segment Overview

The canned food market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 - 2027.   

• Product Outlook 
  • Canned fish and seafood
  • Canned vegetables
  • Canned meat
  • Canned ready meals
  • Others
• Distribution Channel Outlook
  • Offline
  • Online
• Region Outlook 
  • 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

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What are the Key Data Covered in this Canned Food Market Research Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the market between 2023 and 2027
• Precise estimation of the size of the market  size and its contribution of the market in focus to 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 companies
• Comprehensive analysis of factors that will challenge the growth of market companies

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