| Forecast Period | 2024-2028 |
| Market Size (2022) | USD76.43 Billion |
| CAGR (2023-2028) | 4.01% |
| Fastest Growing Segment | Online |
| Largest Market | North America |
The term "canned food" refers to any canned product that has been encapsulated and processed for human consumption. This may include canned or preserved food, fruits and vegetables, and other food items. For the purpose of this section, canned goods that have deteriorated are leaking, swollen, defective, or cannot be sold to the general public and are specifically excluded.
Canned food typically have a shelf life of between 1 and 5 years after processing. This is significantly longer than the typical shelf life of fresh produce, which is typically 3-7 days. This extended shelf life can help to reduce food waste, which is a major contributor to environmental sustainability.
Canned food products are environment-friendly, as they require less energy to transport from the field to the can. Furthermore, they do not require refrigeration during transportation or storage. This helps to reduce greenhouse gas emissions from landfills, which are caused by the disposal of food waste. Additionally, these cans are recyclable, as they are made of metal and can be recycled indefinitely without compromising their quality.
A ready-to-eat option of canned food that is found at year-round is an easy way to meet the recommended daily intake of 5 to 9 servings.
The process of canning involves the preservation of food products and the extension of their shelf life. Due to the advantages of canning, it is widely used in many countries. Canning helps to reduce the risk of food spoilage caused by external factors such as sunlight, air, or insects. Furthermore, canning preserves the nutritional content of the food. Numerous fast-food establishments and restaurants utilize canned food, such as corn and tomato purees, among others, due to their convenience and extended shelf life. Major food companies such as Campbell's and Del Monte, as well as Nestle, frequently reintroduce their older products with fresh packaging or logos to capture the attention of consumers.
The global canned food market is experiencing a surge in demand due to the increasing urban population's preference for convenient and easy-to-eat meals. Additionally, consumers are increasingly looking for healthy food that are packed with protein, functional fiber, vitamins, omega-3s, and other beneficial nutrients. As a result, they are willing to pay a higher price for products that offer these qualities, in addition to the need for small, easily prepared meat and seafood, organic canned fruits, and vegetables. Additionally, the public's growing awareness of the environmental impact of plastic packaging, the need for a more sustainable solution, and the global recycling rate are further contributing to the growth of the market. The development of more food retail outlets in urban areas, the increasing investment in research and development, and the marketing strategies employed by the canned food industry are expected to positively impact the global canned food market during the forecast period.
The market for canned food is driven by a variety of factors. Firstly, the growing number of working people is leading to an increase in the consumption of ready-to-eat and convenience food items. The convenience food category encompasses a range of pre-packaged foods, such as ready-to-eat, frozen, and shelf-stable items, as well as prepared mixes, such as cake mixes. These convenience food products are found at in a range of forms, including pre-cut fruits and vegetables, pre-packaged bottled and canned items, frozen meals and snacks, pre-cooked ready-to-heat, ready-to-serve, and pre-packed ready-to-serve foods, as well as various pudding mixes. As consumer habits and food technology evolve, the market for ready-to-cook and ready-to-sell (RTE) food is undergoing a period of rapid growth. Leading food companies are increasingly investing in their infrastructure and creating new convenience food categories, including soups, gravies, cereals, and other breakfast options.
Secondly, the demand for healthy food products that are high in protein, functional fiber, vitamins, omega 3, and fatty acids is increasing globally. Consumers continue to demand greater nutritional and health outcomes from the food they consume and have grown disenchanted with empty calories that lack nutritional value. Having gained a greater understanding of functional food products, consumers now want to be empowered by the multiple pathways they can take to enhance their health through the food they purchase.
A major trend in the global canned food market is the rising popularity of organic canned food among consumers, which will drive the growth of the canned food industry during the forecast period. The increasing health concerns of people are driving key market players to offer organic canned food. This, in turn, is driving the demand for high-quality, high-taste, and high-nutritional-value canned fish products. Organic food products have been strongly linked to improve food quality and health outcomes due to a decrease in the presence of pesticides and heavy metals in comparison to traditional food products. The increasing preference for organic food products in recent years can be attributed to a combination of risk perception and health beliefs, as consumers purchase organic products for both personal and environmental reasons.
Additionally, the growing demand for fish and seafood among fitness-oriented individuals is contributing to the growth of the global canned food market. The global seafood industry is experiencing unprecedented growth in all areas of consumption. The demand for fish and other seafood-based products is rapidly increasing due to the increasing importance of seafood-based products and evolving lifestyle habits.
Furthermore, the increasing demand for ready-to-eat seafood among the younger generation fuels the growth of the global canned food market during the forecast period. The rise in health awareness coupled with the growing popularity of ready-to-eat seafood is having a positive impact on the market. In recent years, there has been a surge in consumer demand for food products that are safe, nutritious, and convenient to consume. This has led to an increase in the demand for fishing products, which has negatively impacted global fishing resources and posed a threat to the stocks of a variety of fish species. To meet this demand, byproducts of commercial fish or fish species that are technologically advanced and transformed into goods with high nutritional value will not only meet consumer demands but also contribute to the conservation of marine resources, thereby contributing to the growth of the global canned food market.
The global canned food market is subject to a number of constraints, including compliance with stringent regulations and international standards, increasing competition, projected inflation above the upper band in key countries in the short term, and volatile raw material prices.
Canned food products are typically produced from cans of tin and aluminum, which are not biodegradable. After use, these cans are disposed of in landfills and remain in the environment for more than ten years, resulting in serious environmental risks. The cans, when exposed to various abiotic and biotic factors, emit hazardous gases and toxic substances. Furthermore, governments across the world are advising against the use of tin and aluminum packaging, which has negatively impacted the growth of the market.
- In 2023, Vgarden, a food technology startup, has expanded its portfolio of private-label meats and dairy products to include fish-free canned tuna. This tuna, which is composed of pea proteins, was created to provide a sustainable and vegan alternative to canned tuna, which is one of the most widely consumed fish species in the world.
- In 2023, Yumeat has launched plant-based canned meat. These products can be consumed hot or chilled. Additionally, their adaptability to a wide range of culinary applications is a major advantage. They are suitable for steaming, grilling, baking, sauteing, stewing, or frying.
- In 2022, OTS Holdings announced its intention to enter the international market for its plant-derived protein products. As one of Singapore's largest producers of refrigerated, frozen, dried, and canned meat, the food giant's plant-derived ANEW brand is making its debut with a novel plant-derived canned vegan meat, SPAM-style.
The proliferation of large retail outlets, including hypermarkets and supermarkets, across the world is leading to an increase in the demand for canned food. This, in combination with the vast array of canned food found at through online retailers, is providing lucrative growth opportunities for end-consumers and industry investors.
The global canned food market is segmented into product, type, distribution channel, and region. Based on product, the market is segmented into canned meat, canned fish/seafood, canned vegetables, canned fruits, and others (canned ready meals). Based on type, the market is segmented into organic and conventional. Based on distribution channel, the market is segmented into supermarkets/hypermarkets, convenience/grocery retailers, online, and others (departmental retailers, etc.). The market analysis also studies regional segmentation to devise regional market segmentation.
Del Monte Foods, Inc., Conagra Brands, Inc., The Kraft Heinz Company, Nestlé S.A., Princes Limited, Campbell Soup Company, JBS S.A., Thai Union Group Public Company Limited, CHB Group, and Bolton Group are some of the market players in the global canned food market.
| Attribute | Details |
| Base Year | 2022 |
| Historical Years | 2018 – 2021 |
| Estimated Year | 2023 |
| Forecast Period | 2024 – 2028 |
| Quantitative Units | Revenue in USD Billion and CAGR for 2018-2022 and 2023-2028 |
| Report Coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends |
| Segments Covered | ProductTypeDistribution ChannelRegion |
| Regional Scope | North America, Asia-Pacific, Europe, Middle East & Africa, and South America |
| Country Scope | United States, Canada, Mexico, China, India, Japan, South Korea, Australia, Germany, France, United Kingdom, Italy, Spain, Saudi Arabia, UAE, South Africa, Turkey, Brazil, Argentina, Colombia |
| Key Companies Profiled | Del Monte Foods, Inc., Conagra Brands, Inc., The Kraft Heinz Company, Nestlé S.A., Princes Limited, Campbell Soup Company, JBS S.A., Thai Union Group Public Company Limited, CHB Group, and Bolton Group, etc. |
| Customization Scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and Purchase Options | Avail of customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request) |
Report Scope
In this report, the global canned food market has been segmented into the following categories, in addition to the industry trends which have also been detailed below
- Canned Food Market, By Product
- Canned Meat
- Canned Fish/Seafood
- Canned Vegetables
- Canned Fruits
- Others
- Canned Food Market, By Type
- Canned Food Market, By Distribution Channel
- Supermarkets/Hypermarkets
- Convenience/Grocery Stores
- Online
- Others
- Canned Food Market, By Region
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