The Canned And Ambient Food Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2011-2022) and extends its insights into a ten-year forecast period (2024-2033).
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In accordance with The Business Research Company’s illuminating Canned And Ambient Food Global Market Report for 2024, the robust expansion of the canned and ambient food market is noteworthy. It is poised to ascend from $230.72 billion in 2023 to a formidable $245.87 billion in 2024, manifesting a commendable compound annual growth rate (CAGR) of 6.6%. The surge in the historical epoch finds its roots in the attributes of prolonged shelf life, cutting-edge food preservation technology, unparalleled convenience and portability, strategic deployment in military and emergency supplies, and the omnipresent global food distribution network.
Anticipating an upward trajectory, the canned and ambient food market is projected to burgeon to $311.03 billion by 2028, sustained by a CAGR of 6.1%. The forecasted progression is underpinned by compelling factors such as the realization of health and nutritional benefits, an increasing emphasis on sustainability complemented by eco-friendly packaging, a rich array of diverse food options, the ascendancy of digital marketing and e-commerce, and the burgeoning demand for functional and convenient foods. Noteworthy trends expected in this trajectory include the burgeoning popularity of plant-based and vegan alternatives, the global infusion of diverse ethnic flavors, an increasing affinity for clean label products, a rising penchant for single-serve and portion-controlled offerings, and the burgeoning demand for ready-to-eat and microwaveable meals.
Numerous nations globally are grappling with the repercussions of plummeting crop prices, predominantly attributable to overcapacity. This prevailing circumstance is poised to yield advantageous consequences, particularly in the realm of raw material costs for entities within the food and beverage sector. A noteworthy illustration of this phenomenon unfolded in November 2022, as reported by Frontline, a prominent Indian agricultural magazine. The Cabinet Committee on Economic Affairs, recognizing the challenges faced by farmers in the sugar production sectors, unveiled a substantial bailout package amounting to Rs 7000 crore. This strategic initiative aimed to rectify the minimum selling price of refined sugar at Rs 29 per kilogram, a necessary intervention prompted by the recent decline to Rs 23-24 due to overproduction. Concurrently, a buffer stock of 3 million tonnes of sugar was earmarked for a year. This calculated response underscores the proactive measures necessary to mitigate the effects of overproduction. Consequently, the surplus in certain crop outputs is poised to yield enhanced profit margins for stakeholders in the food and beverage industry. To fully capitalize on this opportunity, it becomes imperative for ambient food manufacturing companies to optimize productivity, thereby steering the market towards a trajectory of sustained growth.
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The canned and ambient food market covered in this report is segmented –
1) Canned And Ambient Food Market By Type: Fruit And Vegetable Canning; Specialty Canning; Dried And Dehydrated Food
2) Canned And Ambient Food Market By Application: Food; Snacks; Intermediate Products; Condiments; Other Applications
3) Canned And Ambient Food Market 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
Top Major Players
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
………
68. Global Canned And Ambient Food Market Competitive Benchmarking
69. Global Canned And Ambient Food Market Competitive Dashboard
70. Key Mergers And Acquisitions In The Canned And Ambient Food Market
71. Canned And Ambient Food Market Future Outlook and Potential Analysis
72. Appendix
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