Market Size –
The canned lamb market size has grown strongly in recent years. It will grow from $1.48 billion in 2023 to $1.55 billion in 2024 at a compound annual growth rate (CAGR) of 5.0%. The growth in the historic period can be attributed to increased convenience demand, growth in urbanization, increased stockpiling and demand for non-perishable food during COVID-19, increasing consumer awareness of the nutritional benefits of lamb, and rising economic levels in developing countries.
The canned lamb market size is expected to see strong growth in the next few years. It will grow to $1.89 billion in 2028 at a compound annual growth rate (CAGR) of 5.1%. The growth in the forecast period can be attributed to a growing focus on protein-rich diets, continued improvements in canning processes and preservation techniques, aggressive marketing and promotional strategies, the popularity of paleo and keto diets increasing demand, ongoing global concerns about food security favoring long-shelf-life products. Major trends in the forecast period include innovations in canning technology, increasing sales through online platforms, the introduction of new flavors, new product launches and develop grass-fed options.
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Scope Of Canned Lamb Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Canned Lamb Market Overview
Market Drivers –
The rising consumption of meat is expected to propel the growth of the canned lamb market going forward. The increasing consumption of meat is linked to rising incomes, urbanization, and changing dietary preferences globally. Canned lamb is contributing to the rising consumption of meat by offering a convenient, long-lasting option for consumers, thereby increasing accessibility and availability. For instance, in July 2023, according to the Food and Agriculture Organization, an Italy-based specialized agency for nutrition and food security, global meat production reached up to 365 million metric tons (carcass weight equivalent) in 2022, showing around 0.8% growth in global meat production compared to 2021. Therefore, the rising consumption of meat will drive the growth of the canned lamb market.ÂÂ
Market Trends –
Major companies operating in the canned lamb market are focused on developing innovative canned lamb products, such as organic canned lamb, to meet rising consumer demand for healthier and more sustainable food options. Organic canned lamb refers to lamb meat that is raised without synthetic pesticides, hormones, or antibiotics and is processed and preserved in a can while adhering to organic farming standards. For instance, in October 2022, Future Meat Technologies, an Israel-based biotechnology company that manufactures cultured meat, developed lab-cultivated lamb meat by using non-GMO technology. The tapping proprietary technology was used to cultivate these meat lambs that can be used as an alternative for application in burgers and kababs.
The canned lamb market covered in this report is segmented –
1) By Type: Fresh, Frozen
2) By Application: Ready Meals, Restaurants, Catering, Emergency Food Supply
3) By Distribution Channel: Supermarkets And Hypermarkets, Convenience Stores, Independent Retailers, Online
4) By End-User: Human, Animal
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Regional Insights –
North America was the largest region in the canned lamb market in 2023. Asia-Pacifc is expected to be the fastest-growing region in the forecast period. The regions covered in the canned lamb market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the canned lamb market are Tyson Foods Inc., Hormel Foods Corp., Perdue Farms Inc., Alliance Group Limited, AFFCO Holdings Limited, Stahly Quality Foods Ltd., Treats Unleashed Inc., Evanger’s Dog And Cat Food Co., Tuffy’s Pet Foods Inc., Muhubrands.com, New Zealand Lamb Company, AlexMeat & Provision Inc., Calibra Inc., Hound & Gatos Company, Wellness Pet Company Inc., Perfect Companion Group (PCG), Fortan GmbH & Co. KG., SmartHeart Pro, Caledonian Kitchen Limited, Leos Pet Her Hakk Sakldr
Table of Contents
1. Executive Summary
2. Canned Lamb Market Characteristics
3. Canned Lamb Market Trends And Strategies
4. Canned Lamb Market – Macro Economic Scenario
5. Global Canned Lamb Market Size and Growth
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31. Canned Lamb Market Other Major And Innovative Companies
32. Global Canned Lamb Market Competitive Benchmarking
33. Global Canned Lamb Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Canned Lamb Market
35. Canned Lamb Market Future Outlook and Potential Analysis
36.Appendix
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