Overview and Scope
Canned foods are defined as foods that are processed and sealed in airtight containers for a longer shelf life by a food preservation method
Sizing and Forecast
The canned and ambient food market size has grown strongly in recent years. It will grow from <b>$230.72 billion in 2023 to $245.87 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. </b> The growth in the historic period can be attributed to long shelf life, food preservation technology, convenience and portability, military and emergency supplies, global food distribution.
The canned and ambient food market size is expected to see strong growth in the next few years. It will grow to <b>$311.03 billion in 2028 at a compound annual growth rate (CAGR) of 6.1%. </b> The growth in the forecast period can be attributed to health and nutritional benefits, sustainability and eco-friendly packaging, diverse food options, digital marketing and e-commerce, functional and convenience foods. Major trends in the forecast period include plant-based and vegan options, global and ethnic flavors, clean label products, single-serve and portion control, ready-to-eat and microwaveable meals.
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Segmentation & Regional Insights
The canned and ambient food market covered in this report is segmented –
1) By Type: Fruit And Vegetable Canning, Specialty Canning, Dried And Dehydrated Food
2) By Application: Food, Snacks, Intermediate Products, Condiments, Other Applications
3) By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Other Distribution Channels
Subsegments Covered: Fruit Canning, Vegetable Canning, Canned Baby Food, Canned Soups, Other Canned Specialty Foods, Dehydrated Fruits, Dehydrated Meat Products, Dehydrated Vegetables, Other Dried And Dehydrated Food
<b>Western Europe</b> was the largest region in the canned and ambient food market in 2023. North America was the second-largest region in the canned and ambient food market. The regions covered in the canned and ambient food market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
Many countries across the globe are experiencing falling prices of crops due to overcapacity. This is expected to result in low raw material costs for food and beverage companies. For instance, in November 2022, according to the report Frontline, an India-based national magazine on agriculture, the Cabinet Committee on Economic Affairs announced a bailout package of Rs 7000 crore for farmers involved in the sugar production sectors to fix the minimum selling price of refined sugar at Rs 29 per kilogram (prices dropped to Rs 23-24 recently due to overproduction) and to create a buffer stock of 3 million tonnes of sugar for one year. Thus, the overproduction of certain crops is likely to result in higher profit margins for food and beverage companies. Higher profit margins will be possible if ambient food manufacturing companies increase their productivity and drive the market going forward.
Key Industry Players
Major companies operating in the canned and ambient food market include <b> Nestle S.A., Abbott Laboratories, The Campbell Soup Company, Unilever plc, The Kraft Heinz Company, Del Monte Pacific Limited, Bonduelle Group, Seneca Foods Corporation, La Doria S.p.A., Associated British Foods plc., The Agropur diary Co-operative, Ayam Brand, B&G Foods Inc., Baxters Food Group Limited, Blair’s Sauces and Snacks, Casa Sanchez Foods, Century Pacific Food Inc., Charles Chips, Conagra Brands Inc., Cott Corporation, Dole Food Company, Elmer’s Fine Foods Inc., General Mills Inc., Golden Flake, The Calvo Group, Hain Celestial Group, J & J Snack Foods Corporation, JBS S.A., Kellogg’s Co., Mike-sell’s potato chip company, Premier Foods Group Limited, Thai Union Group PCL.</b>
The canned and ambient food market report table of contents includes:
1. Executive Summary
2. Canned And Ambient Food Market Characteristics
3. Canned And Ambient Food Product/Service Analysis -Product/Service Examples
4. Canned And Ambient Food Market Trends And Strategies
5. Canned And Ambient Food Market – Macro Economic Scenario
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26. Germany Canned And Ambient Food Market
27. France Canned And Ambient Food Market
28. Italy Canned And Ambient Food Market
29. Spain Canned And Ambient Food Market
30. Austria Canned And Ambient Food Market
Top Major Players:
- Nestle S.A
- Abbott Laboratories
- The Campbell Soup Company
- Unilever PLC
- The Kraft Heinz Company
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