The Canned Food Market Is Predicted To Reach USD 108 Billion With A CAGR Of 3.8% According To Market Data Forecast Report.

The Canned Food Market Is Predicted To Reach USD 108 Billion With A CAGR Of 3.8% According To Market Data Forecast Report.

ID: 6306 | October 2018 | Region: Global


The Canned Food Market report published by Market Data Forecast provides a detailed account of the Market Trends via Customized Research presented as Strategic Analyses, Company Profiles, Competitive Landscape, etc. According to the report the Canned Food Market is estimated to be USD 89.7 billion in 2016 and predicted to rise to USD 108 billion by 2021with a CAGR of 3.8%. The market is segmented by type ( canned meat products, canned sea food, canned vegetables, canned fruit, canned ready to eat meals, canned desserts, canned pasta/noodles, canned soups and canned cooking sauces) , by distribution channel ( specialist retailers, internet sales, supermarkets, convenience stores and others) . Further the market is also geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa.

One of the major drivers of the canned food products market is the convenience and long shelf life they posses. There has been a change in the eating habits of people due to the influence of the western culture which in turn drives the market. However, the extra sugar and salt content may pose as a restraint for the growth of the market.

The market for Canned Food is broadly categorized into type and distribution channel. By type the market is segmented into canned meat products, canned sea food, canned vegetables, canned fruit, canned ready to eat meals, canned desserts, canned pasta/noodles, canned soups and canned cooking sauces. The fish and sea food segment is expected to grow at a fast pace. By distribution channel the market is divided into specialist retailers, internet sales, supermarkets, convenience stores and others.

On the basis of geography, the global market is analyzed under various regions namely North America, Europe, Asia-Pacific and Rest of the World. The Canned Food market was dominated by Europe followed by North America. Asia Pacific is a lucrative market and is expected to grow at a high CAGR.

Some of the major companies dominating the market, by their products and services include Dole Food Company Inc. , DelMonte Pacific Ltd. , ConAgra Foods Inc. , H.J. Heinz Company , Pinnacle Foods Inc. , B&G Food Holdings Corporation , Bolton Group International , La Doria , Campbell Soup , Nestle , Zanlakol ,  CECAB Group , Princes Limited and Bonduelle.

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