| 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.
Canning is basically about keeping food fresh for longer – think of it as giving your food a super long shelf life! Because it's so handy, you'll find canning being used all over the world. It's great at stopping food from going bad because of things like sunlight, air, or even pesky insects. Plus, it helps keep all the good nutrients inside the food too. Lots of fast-food places and restaurants use canned stuff like corn and tomato purees because it's just so easy and lasts ages. Big names like Campbell's, Del Monte, and even Nestle, often bring back their old favorites with a fresh look – new packaging or logos – just to grab your attention.
Think about itmore and more people are living in cities these days, and they want food that's quick and simple, which is giving the canned food market a real boost. Plus, people are really paying attention to their health, searching for things packed with protein, fiber, vitamins, omega-3s – the whole shebang! They're happy to shell out a bit more for that kind of goodness, especially when it comes to smaller, easier portions of meat and seafood, or organic canned fruits and veggies. What's also helping is that we're all becoming more aware of the damage plastic packaging does, so we're looking for greener options, and thankfully, recycling is on the rise globally. Looking ahead, with more food shops popping up in cities, more investment in new and improved canned foods, and smart marketing, the future looks bright for the global canned food market.
So, what's fueling the canned food market? Well, a big part of it is the growing number of folks who are working. They just don't have as much time to cook! That's why we're seeing a rise in ready-to-eat and convenience foods. I'm talking about everything pre-packaged – ready-to-eat meals, frozen dinners, and things that can sit on the shelf for ages. You can find this in everything from pre-cut veggies to bottled and canned goods, frozen snacks, and those ready-to-heat meals. Even pudding mixes! And because we're all changing the way we eat and food tech keeps getting better, the market for ready-to-cook and ready-to-sell (RTE) food is really booming. The big food companies? They're putting money into their systems and creating all sorts of new convenience foods, like soups, gravies, cereals, and other breakfast goodies.
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.
Hey, did you notice how more and more people are grabbing organic canned foods these days? It's a big deal, and it's actually helping the whole canned food industry grow! Seems like everyone's thinking more about their health, and that's pushing companies to offer more organic options. And because of that, we're seeing a bigger demand for canned fish that's not just tasty, but also packed with nutrients and made with higher quality ingredients. People are starting to realize that organic foods can be better for you, mainly because they often have fewer pesticides and heavy metals compared to what we're used to. Really, it's all about feeling good and doing good – people are buying organic because they want to take care of themselves and the planet.
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.
Hey, you know how the younger crowd is all about those easy, ready-to-eat meals? Well, that's actually boosting the whole canned food market! People are getting more health-conscious, and ready-to-eat seafood is becoming super popular. It's all about finding food that's safe, nutritious, and, most importantly, convenient. But here's the thingeveryone wanting more fishing products is putting a strain on our oceans and threatening fish populations. So, what if we could take leftovers from commercial fishing, or even use some fancy tech to turn less popular fish into yummy, healthy food? That would not only satisfy our cravings but also help protect our oceans! And guess what? That also contributes 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
