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The canned fruits market size is forecast to increase by USD 2.11 billion between 2022 and 2027, accelerating at a CAGR of 3.7%. In 2017, China held the largest market share, projecting an annual revenue of USD 1.25 billion. The research report on the Canned Fruits Market offers industry forecasts and segmentation based on Type including Cut fruit and Whole fruit. It also segments the market by Distribution Channel, which comprises Offline and Online. Geographically, the report covers APAC, Europe, North America, 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.
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Growth in online retailing is notably driving the canned fruits market growth. Rising internet penetration globally is leading to the growth of e-commerce businesses. E-commerce has provided new opportunities for companies in the canned fruits industry to boost their sales, extend their geographical presence, and enhance customer relations and profitability. Moreover, a rise in demand for convenient shopping, ease in searching for products, attractive deals, and tailored offers on products are expanding the demand for online shopping worldwide. In addition, the rising interest and choice for online shopping among consumers, due to shopping convenience, have led many manufacturers and distributors to emphasis more on sales through these online channels and e-commerce platforms. Further, such platforms help business-to-business (B2B) and business-to-consumer (B2C) operations. To support the hassle-free delivery of canned fruits to consumers, new businesses are improving supply chains and logistics. Such a trend is boosting companies to focus on the internet-savvy consumer segment and explore new online retail formats, which may drive the growth of the canned fruits market during the forecast period.
The Cut Fruit segment was the largest segment and valued at USD 7.57 billion in 2017. The primary stimulating aspects for the growth of the cut fruit segment of the canned fruits market are rapid urbanization, changing food habits, rising income levels, and the rising significance of convenience food. Cans are specially made of aluminum and steel as they are non-toxic and can be recycled. Also, growing health concerns and the need to consume fruits as a part of a low-calorie diet are anticipated to drive segment growth.
Europe 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. Another region offering significant growth opportunities to vendors is APAC. In APAC, the huge popularity of canned fruits among youngsters has expanded the consumption of canned fruits. Companies are expanding their market in the developing countries in APAC. New companies operating in the region are growing and strengthening their presence by establishing new varieties of canned fruit products.
In addition, the increased economic development in the region has created job opportunities, which, in turn, has resulted in an affluent population base that is hard-pressed for time. Consumers majorly look for convenience in the region, even if it comes at an extra expense. There has been an increase in demand for canned fruits not only in Japan and South Korea but also in developing nations such as India and China which in turn drive the market growth in the region during the forecast period.
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The Canned Fruits Market is fragmented in nature. Some significant players include Ayam Sarl, Bikaner Polymers Pvt. Ltd, Campbell Soup Co., CHB Group, Del Monte Foods Inc., Delicia Foods India Pvt. Ltd., Dole plc,
The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Knouse Foods Inc., Kwality Foods, Mitsubishi Corp., Revant Foods Pvt. Ltd., RFG Holdings Ltd., Seneca Foods Corp., Shandong Lixing Tin Food Co. Ltd., SunOpta Inc., The Kraft Heinz Co., Tiger Brands Ltd., Tropical Food Machinery srl, World Finer Foods LLC, and Conagra Brands Inc.
The canned fruits 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.
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Canned Fruits Market Scope |
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Report Coverage |
Details |
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Page number |
153 |
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Base year |
2022 |
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Historic period |
2017 - 2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 3.7% |
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Market growth 2023-2027 |
USD 2.11 billion |
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Market structure |
Fragmented |
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YoY growth 2022-2023(%) |
3.33 |
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Regional analysis |
APAC, Europe, North America, Middle East and Africa, and South America |
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Performing market contribution |
Europe at 33% |
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Key countries |
US, China, Japan, Germany, and UK |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Ayam Sarl, Bikaner Polymers Pvt. Ltd, Campbell Soup Co., CHB Group, Del Monte Foods Inc., Delicia Foods India Pvt. Ltd., Dole plc, Knouse Foods Inc., Kwality Foods, Mitsubishi Corp., Revant Foods Pvt. Ltd., RFG Holdings Ltd., Seneca Foods Corp., Shandong Lixing Tin Food Co. Ltd., SunOpta Inc., The Kraft Heinz Co., Tiger Brands Ltd., Tropical Food Machinery srl, World Finer Foods LLC, and Conagra Brands Inc. |
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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 forecast period |
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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. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Distribution Channel
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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