Canned Meat Market Analysis North America, Europe, APAC, South America, Middle East and Africa - US, Canada, China, Germany, UK, Japan, France, Italy, Australia, Spain - Size and Forecast 2024-2028

Canned Meat Market Size 2024-2028 

The canned meat market size is forecast to increase by USD 4.23 billion at a CAGR of 4.4% between 2023 and 2028. The market is experiencing significant growth due to the increasing demand for convenient and ready-to-eat (RTE) food options. Canned seafood and processed luncheon meat are popular choices in this category. Health awareness is a key trend driving market growth, with consumers seeking nutritious and convenient alternatives to fresh meat. Additionally, the Frozen food sector is expanding, driven by advancements in cold chain logistics, which ensure the freshness and safety of frozen products, including seafood like lobster. However, concerns over food stabilizers and additives in canned meat may hinder market growth. Meanwhile, the rising demand for high-quality frozen seafood, including lobster, presents new opportunities for growth in the frozen food segment, as consumers seek convenient and premium options. Balancing these trends will be crucial for the industry's future development. Dietary patterns shifting towards plant-based options pose another challenge, as poultry and other canned meats compete for market share. Food processing technologies are advancing, enabling the production of high-quality canned meat products. Online distribution channels are also gaining traction, making it easier for consumers to access these products from anywhere. However, product recalls have posed challenges to market growth, highlighting the importance of maintaining stringent quality control measures. Overall, the market is expected to continue its expansion, fueled by consumer preferences for convenient, nutritious, and affordable options.

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

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The market has witnessed significant growth in recent years, driven by the increasing demand for convenient, affordable, and nutritious food options. This market caters to various consumer segments, including those seeking animal protein sources, plant-based alternatives, and health-conscious individuals. An essential component of the packaged food sector, canned meat encompasses a wide range of products, including poultry, pork, beef, and various types of fish. These foods offer extended shelf life, making them a popular choice for consumers seeking to minimize food waste. The supply chain for canned meat is a complex network involving raw material sourcing, processing, sustainable packaging, food labeling, and distribution channels.

Moreover, processing techniques have evolved to include advanced methods, ensuring the highest quality and safety standards. Sustainable packaging and food labeling are crucial factors influencing the market. Consumers are increasingly conscious of the environmental impact of their food choices and prefer packaging that minimizes waste and is recyclable. Clear and accurate labeling is essential for consumers to make informed decisions about their food choices, particularly regarding nutritional information and sourcing. Canned meat offers numerous health benefits, making it a popular choice for individuals with busy lifestyles or specific dietary requirements. These foods are rich in protein, essential minerals, and vitamins, making them an ideal option for those seeking to maintain a balanced diet.

Also, the rise of vegetarianism and plant-based diets has led to the development of alternative canned meat options, such as plant-based luncheon meat and vegetarian canned fish. These products cater to the growing demand for protein-rich, nutritious, and sustainable food options. The cold storage and online distribution channels have significantly impacted the market, enabling consumers to access a wider variety of products and ensuring their availability year-round. These channels have become increasingly popular, particularly during the COVID-19 pandemic, as consumers seek to minimize their exposure to public spaces. Despite the numerous benefits of canned meat, there are concerns regarding the potential health risks associated with obesity and the consumption of red meat and processed foods.

However, the market continues to grow, driven by consumer preferences and the ongoing development of healthier, more sustainable options. In conclusion, the market in the United States is a dynamic and evolving industry, driven by consumer preferences, technological advancements, and changing dietary trends. The market offers a diverse range of products catering to various consumer segments, ensuring its continued growth and relevance in the packaged food sector.

Market Segmentation

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

• Distribution Channel
  • Offline
  • Online
• Product
  • Canned beef
  • Canned poultry
  • Canned pork
  • Canned seafood
• Geography
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
  • APAC
    • China
    • Japan
  • South America
  • Middle East and Africa

By Distribution Channel Insights

The offline segment is estimated to witness significant growth during the forecast period. The market encompasses a wide range of protein-rich products, including poultry meat, fish meats, and red meat. These items are valued for their nutritional benefits, particularly their high content of omega-3 unsaturated fats, which contribute to a healthy diet. Canned meats are conveniently stored in cold conditions, ensuring their freshness and preserving their nutritional value. Offline distribution channels, such as supermarkets, hypermarkets, and grocery stores, continue to dominate the market landscape. Consumers appreciate the convenience and accessibility of these traditional retail outlets for their everyday shopping needs. The preference for offline channels is especially strong among those who value the tactile shopping experience and the ability to inspect products before purchase.

Moreover, offline channels offer opportunities for impulse buying, which can significantly boost sales of canned meat products. In summary, the offline distribution channel plays a pivotal role in the market by catering to consumers' preferences for immediate availability, product inspection, and impulse buying. This segment continues to be a significant contributor to the market's growth.

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The offline segment accounted for USD 13.74 billion in 2018 and showed a gradual increase during the forecast period.

Regional Insights

Europe is estimated to contribute 31% 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.

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The North American market is witnessing notable expansion due to shifting consumer preferences and innovative product introductions. This market, comprised of the US and Canadian markets, caters to a diverse consumer base that prioritizes convenience, health, and sustainability in their food selections. In response to consumers' growing demand for quick meal solutions, canned meat products have gained popularity. These offerings boast a lengthy shelf life and hassle-free preparation, making them an attractive choice for busy individuals. Furthermore, there is a burgeoning trend towards health-conscious and eco-friendly food options, which is shaping the types of canned meat products that are being offered. Notable advancements in the North American market reflect broader trends within the food industry, with a focus on sustainable packaging, food labeling transparency, and improved animal protein sourcing.

Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Market Driver

The growing demand for RTE products is the key driver of the market. The demand for convenient and shelf-stable food options is on the rise in the US, as consumers lead increasingly busy lives. Canned meats, such as Bacon, Sausage, and Ham, cater to this need by providing a quick and dependable source of protein with a long shelf life. This trend is fueling the expansion of the market within the ready-to-eat (RTE) food sector.

Further, with the appeal of ready-to-eat products growing, canned meats, which can be consumed directly or with minimal heating, offer a practical solution for individuals seeking nutritious meals without the burden of extensive cooking. The convenience factor is a significant motivator, as it aligns with the fast-paced lifestyles of contemporary Americans. Specialty stores and online retailers are stocking up on canned meat options to meet the rising demand. Consumers, including those following vegetarianism or veganism, are also turning to plant-based alternatives in canned form for their convenience and protein content.

Market Trends

The Plant-based meat gaining popularity is the upcoming trend in the market. The market in the United States is experiencing a notable transition towards plant-based alternatives due to growing health and environmental consciousness among consumers. This shift is influencing market trends, as traditional food processing companies and emerging startups introduce plant-based canned meats to cater to the changing preferences of modern consumers. Consumers are increasingly seeking sustainable protein sources that align with their health and environmental values. Plant-based canned meats offer a convenient and long-lasting alternative to traditional animal products, making them an attractive option for those adopting plant-based diets.

Moreover, these products maintain the familiar canned meat format, making them a popular choice for individuals seeking quick and easy meal solutions. The canned meat industry in the US is undergoing a transformation as consumers prioritize health and environmental considerations. This trend is leading to the introduction of plant-based canned meats by established food companies and innovative startups. These products cater to the evolving preferences of consumers seeking sustainable protein sources. The convenience and long shelf life of plant-based canned meats make them an attractive option for those transitioning to plant-based diets. The familiar canned meat format adds to their appeal as a quick and easy meal solution.

Market Challenge

Product recalls is a key challenge affecting the market growth. Canned meat consumption continues to be a significant market trend, with processed meat products remaining popular choices due to their convenience and nutritional benefits. However, health-conscious consumers are increasingly seeking out meat options with minimal additives and natural ingredients, leading to a shift in dietary patterns. This demand has resulted in an increased focus on protein-rich foods and the nutritional benefits they provide. Product recalls in the market can pose a major challenge, affecting consumer trust, brand reputation, and financial performance. These recalls can stem from various issues, including food safety concerns, regulatory compliance, and packaging defects. In response, companies must act swiftly and effectively to minimize the negative impact. Companies must prioritize transparency and communication with consumers to mitigate the fallout from such incidents and maintain customer loyalty.

Exclusive Customer Landscape

The market forecasting 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 market growth analysis strategies.

 Customer Landscape

Key Companies & Market Insights

Companies 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.

Ayam Sarl - The company offers a variety of high-quality canned meat products such as canned sardines, canned tuna, and canned chicken.

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

• American Tuna Inc.
• Bolton Group Srl
• Bumble Bee Foods LLC
• Campbell Soup Co.
• Century Pacific Food Inc.
• Crown Prince Inc.
• Dongwon Group
• Goya Foods Inc.
• Hormel Foods Corp.
• JBS SA
• Keystone Meats
• KING OSCAR INC.
• Oceans
• Oscar Mayer
• Smithfield Foods Inc
• Thai Union Group PCL
• Trident Seafoods Corp
• Tyson Foods Inc.
• Werling & Sons, Inc

Qualitative and quantitative analysis of companies 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 companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Research Analyst Overview

The market is witnessing significant growth due to the increasing demand for convenient and affordable animal protein sources. Packaged food, including canned meat, has gained popularity among consumers as it offers longer shelf life and ease of use. The supply chain for canned meat is undergoing transformations with a focus on sustainable packaging and food labeling to cater to health-conscious consumers. Plant-based meat alternatives, such as tofu and soy-based products, are also gaining traction in the market as vegetarianism and veganism become more mainstream. However, traditional canned meat products like bacon, sausage, ham, and luncheon meat continue to dominate the market.

Further, food processing technologies have advanced significantly, enabling the production of high-protein, low-fat canned meat products. Consumers are increasingly seeking out protein-rich foods as part of their healthy diet, driving demand for canned poultry meat, canned fish, and other canned seafood. Food stabilizers and additives are used to enhance the nutritional benefits of canned meat, including omega-3 unsaturated fats and essential nutrients. The market is also witnessing growth in online distribution channels, including specialty stores and online retail, to cater to urban demand and convenience. Meat consumption patterns are shifting, with a focus on Processed Red meat and prepared-to-eat options.

However, health awareness and dietary patterns are influencing consumer preferences, leading to the growth of plant-based meat alternatives and the demand for more sustainable and ethical meat production. Cold storage and fish meats are also gaining popularity as consumers seek out high-quality, fresh products. In conclusion, the market is poised for growth as consumers seek out convenient, affordable, and healthy animal protein sources. The market is undergoing significant transformations, with advancements in food processing, sustainable packaging, and online distribution driving innovation and growth.

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What are the Key Data Covered in this Market Research and Growth Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the market growth and forecasting between 2024 and 2028
• Precise estimation of the size of the market  and its contribution of the market in focus to the parent market
• Accurate predictions about upcoming market growth and trends and changes in consumer behaviour
• Growth of the market across North America, Europe, APAC, South America, and Middle East and Africa
• 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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