CRI Report has released a report titled “Canned Food Manufacturing System Market–Global Analysis of Market Size, Share & Trends for 2019 – 2020 and Forecasts to 2030” which is anticipated to reach USD 123.25 billion by 2030. According to a study by CRI Report, the market is anticipated to portray a CAGR of 2.75% between 2020 and 2030. According to the report, the escalating number of working women, higher costs of hiring native help are the macro factors, and the requirement for convenient cuisine is further expected to generate the Global Canned Food Manufacturing Market growth in the coming years. Further, various canned food brands are introducing exertions to cater to fluctuating consumer habits along with the introducing nutritiously treasured and affordable canned food products will further boost the market demand for canned food Globally in the upcoming years.
The market report on Canned Food Manufacturing Market includes in-depth insights as:
- The estimated value of the market was USD 93.97 billion in the year 2020.
- Canned Food Manufacturing in Asia Pacific held the largest market share in the year 2020.
- Based on Category, Conventional emerged as a key segment in the Canned Food Manufacturing market.
- Based on Marketing Mode, Internet Sales emerged as a key segment in the Canned Food Manufacturing market.
- Key players are likely to focus on product innovations and expansion through mergers to retain their positions in developed markets.
“The cumulative millennial population around the world is the expected prime factor to drive the Global Canned Food Manufacturing Market in the coming future. As per UNICEF, Africa’s undeveloped people, i.e., those of age group 0-24 years, will increase by approximately 50% by 2050. Africa is projected to have the most considerable number of young people. Here the youth is critical to the growth of the Canned Food Manufacturing Market in the region. Furthermore, increasing participation by worldwide market players in the country with introducing new products, services, and investments is also exalted to boost the Canned Food Manufacturing Market in the coming years”
Canned foods are frequently thought to be less beneficial than additional or frozen foods. Some people prorogate that food stored for a longer period drop their quality and are contains harmful ingredients. While others say that canned foods are a part of a healthy diet. Canning is the process of preserving foods for extended periods by packing them in airtight containers. Firstly, Canning was industrialized in the late 18th century as a means to offer a stable food source for the defense force and sailors at war. Canned food owes a long shelf-life due to the separation sterilized from the open environment, as it prevents contamination of microorganisms. Canned foods with high-quality sealing cause food to have a long shelf life, although low-quality sealing causes the food to have a short shelf life.
The Canned Food Manufacturing Market is segmented by Category into Conventional and Organic. The Conventional Segment has accounted to held the highest share in the emerging market. Although, the Organic segment is also anticipated to acquire a sizeable growth rate due to a rise in the consumer proclivity towards organic food products. Lack of knowledge and awareness regarding the ominous effects of synthetic chemicals on health among consumers tend to become conscious about the decent consumption of food. This is likely to lead to the significant growth of organic variants of canned foods in the market.
Key Players in the Market
- Some of the key players operating in the Canned Food Manufacturing Market are Ayam Brand, The Kraft Heinz Company, Campbell Soup Company, Conagra Brands, Inc, Nestlé, Danish Crown AmbA, Del Monte Foods, Inc, JBS USA Holdings, Inc., Holyland Marketing Private Limited.
Get Valuable Insights into Canned Food Manufacturing Market.
In the new report, CRI Report thrives to present an unbiased analysis of the Canned Food Manufacturing Market that covers the historical demand data as well as the forecast figures for the period, i.e., 2021-2030. The study includes compelling insights into growth that is witnessed in the market. The canned Food Manufacturing market is segmented by Category into Organic and Conventional; By Product Variants into Canned Fruits & Vegetables, Canned Meat & Seafood, Canned Ready Meals, Canned Desserts, Canned Soups, Canned Cooking Sauce; By Marketing Mode into Convenience Store, Supermarket, Internet Sales and Offline. Geographically, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East, and Africa.