Daten aus dem Cache geladen. Growth Strategies: Harnessing the Potential of the 4.2% CAGR in the...

Growth Strategies: Harnessing the Potential of the 4.2% CAGR in the Canned Foods Market by 2033

0
517

The global canned foods market net worth is estimated to be around USD 17 Billion in 2023 and is anticipated to register a CAGR of 4.2% from 2023 to 2033. The research report on the global canned foods market reveals that the valuation of the market would reach up to USD 25.6 Billion by 2033.

During the course of the forecast years, advancement in the canned foods industry is anticipated to be fuelled by changes in lifestyles, improved distribution networks, and rising demand for ready-to-eat food items. The world’s expanding cross-cultural cuisine trend has had a favourable effect on the market expansion. Exotic dishes offered by local retailers and eateries, such as Sushi and other seafood products, have increased the demand for canned food in the last few years.

Due to the ease of cooking using canned food ingredients, which also last longer without being contaminated or spoiling, many restaurant and hotel businesses and restaurants use them extensively. Moreover, as N the fruits in cans are clean and yet maintain all of their nutritious value the demand for canned foods is projected to grow more in tandem with the growth of the hotel and hospitality industry.

Get Sample Copy:
https://www.futuremarketinsights.com/reports/sample/rep-gb-15971

Key Takeaways from the Canned Foods Market Study

  • Supermarkets or hypermarkets are the major distribution channels for all types of canned food items and contribute more than 40% of the revenue generated globally.
  • In contrast, canned foods available over online retail channels are getting popular more rapidly and are penetrating new markets at a faster rate.
  • Only in the United States, the market for canned foods is anticipated to reach US$ 16 Bn by 2025 while growing at a rate of 3.8% during the forecast years.
  • China is predicted to be the fastest-growing nation in terms of production and consumption of canned food items and would register an impressive CAGR of 6% through 2033.

Competitive Landscape for the Canned Foods Market

Some of the major canned food market participants are Campbell Soup Company, Danish Crown AmbA, Del Monte Foods, Inc., JBS USA Holdings, Inc., Ayam Brand, Holyland Marketing Private Limited, The Kraft Heinz Company, Bolton Group S.r.l., Inc., Nestlé, Danish Crown Amba., Conagra Brands, Inc., Universal Canning Inc., StarKist Co., Bumble Bee Seafoods, Wild Planet Foods, Inc., Connors Bros Ltd., and LDH (La Doria) Ltd. Among others.

Renowned canned foods market key players are constantly implementing innovative tactics like launching new products and increasing their production capacity in order to better serve the market and retain their growing consumer base. In this way, it aids in boosting their market position and increasing their manufacturing capacity to penetrate new markets. Providing consumers with high-quality goods is another benefit.

Recent Developments in the Canned Foods Industry

  • The Campbell Soup Company introduced a new tinned container for its spicy chicken noodle soup with a new flavor in July 2021.
  • A minimal supply version of popular canned tuna with wrapping inspired by the popular Japanese manga series Doraemon was introduced by Thai Union’s canned tuna-related brand SEALECT in March 2021.
  • To diversify its business into canned snacks, the possession of the Del Monte processed fruit and vegetable packaging business in Canada of Conagra Brands was finalized in July 2018 by Bonduelle SA, which is a French company that offers different types of frozen, and fresh vegetables in cans.

Key Segments

By Product:

  • Canned fruits and Vegetables
  • Canned Meat and Seafood
  • Canned Ready Meals
  • Others

By Type:

  • Organic
  • Conventional

By Distribution Channels:

  • Supermarket or Hypermarket
  • Convenience Stores
  • E-commerce or Online Retail Channels
  • Others
Search
Categories
Read More
Health
Slimberine (FESTIVAL SALE) Fast And Safe Way To Reduce Weight And Melting Body Fat
Slimberine Official Website: Slimberine™ | ORDER HERE Health Benefits: Enhanced Cognitive...
By Slimberine Order 2024-12-07 07:04:34 0 62
Other
Steps to Correct a Name on Delta Airline Ticket Hassle-Free
Understanding how to change name on Delta airline ticket helps travelers avoid issues at the...
By Tours N Travel Pro 2024-11-22 04:40:38 0 128
Other
Explore a Wide Range of Children's Books Online in Sri Lanka
  In Sri Lanka, the availability of children's books online has transformed how parents...
By BooxWorm BooxWorm 2025-01-09 10:39:21 0 2
Film
White Sox Brian Shaw requirements toward perform far more seasons
This tale was excerpted in opposition to Scott Merkin's White Sox Battle publication. Toward...
By Daken Wkfr 2024-03-28 08:45:17 0 890
Other
Model Call Girls In Dubai +971526312337
Dubai, known for its luxurious lifestyle and vibrant social scene, offers a unique experience for...
By Mahi Verma 2024-12-07 11:48:52 0 51