The canned meat market size is expected to see strong growth in the next few years. It will grow to $22.59 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to health-conscious consumers, diverse flavor profiles, premium and gourmet options, sustainable and ethical sourcing, e-commerce and direct-to-consumer sales. Major trends in the forecast period include clean label products,gourmet and artisanal offerings, plant-based and alternative proteins, premium and limited editions, diverse meat sources.
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Scope Of Canned Meat 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 Meat Market Overview
Market Drivers –
The increasing demand for canned seafood is expected to propel the growth of the canned meat market going forward. Seafood refers to any type of sea life considered edible by humans, most notably fish and shellfish. People prefer canned food because it is preserved at precise temperatures and is regarded as a high-protein, convenient food, as a result, the increasing demand for canned seafood increases the demand for the canned meat market. For instance, according to the IRI Worldwide seafood update report, In May 2022, frozen seafood sales were much higher than fresh seafood sales, with $643 million versus $618 million, respectively. Only shelf-stable seafood (canned and pouched) increased (+7.8%), as did volume sales. Therefore, the increase in demand for canned seafood drives the canned meat market growth.
Market Trends –
Strategic partnerships have emerged as a key trend gaining popularity in the canned meat market. Major companies operating in the canned meat sector are focused on partnerships to strengthen their position. For instance, in October 2021, Hormel Foods Corporation, a US-based manufacturer of canned meat, partnered with The Better Meat Co, a US-based food processing company. Through this partnership, the two companies will work together to develop the next generation of great-tasting, wholesome, and sustainable alternative protein products with The Better Meat Co.’s innovative Rhiza mycoprotein ingredient. Further, in May 2021, Dada Group, a China-based on-demand delivery, and retail platform, partnered with Tyson Foods, a US-based processor and marketer of canned meat. Through this partnership, Data Group will lead the trend of the fresh meat category in the field of on-demand retail in China.
The canned meat market covered in this report is segmented –
1) By Product Type: Seafood Meats, Poultry Meats, Red Meat, Other Products
2) By Application: Private Use, Commercial and Industrial Use
3) By Distribution Channel: Supermarket and Hypermarket, Specialty Store, Online, Other Distribution Channels
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Regional Insights –
North America was the largest region in the canned meat market in 2023. Asia-pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the canned meat market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Companies –
Major companies operating in the canned meat market include Xiamen Gulong Canned Food Co. Ltd., Tyson Foods Inc., Wild Planet Foods Inc., Radiant Farms Inc., Survival Cave Food, JBS S.A., Key Food Stores Co-op Inc., Crown Prince Inc., Bar Harbor Foods Inc., Zishan Group Co. Ltd., Libby’s Brand Holding Inc., Radiant Farms Ltd., Dalian Lixiang Food Co. Ltd., Hormel Foods Corporation, American Tuna Inc., Bumble Bee Seafoods LLC, Maruha Nichiro Corporation, Vion Food Group NV, Conagra Brands Inc., Thai Union Group, Trident Seafoods Corporation, JBS SA, Bolton Group Ltd., Princes Group Ltd., Cargill Meat Solutions Corp., Keystone Foods LLC, Nestle S.A., Campbell Soup Company, Pinnacle Foods Inc., BRF S.A.
Table of Contents
1. Executive Summary
2. Canned Meat Market Report Structure
3. Canned Meat Market Trends And Strategies
4. Canned Meat Market – Macro Economic Scenario
5. Canned Meat Market Size And Growth
…..
27. Canned Meat Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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