Overview and Scope
Canned lamb is lamb meat that has been cooked, processed, and sealed in a can for preservation and a long shelf life. It is commonly used in various culinary applications, such as stews and soups, offering convenience and ease of storage. The canning process ensures the meat remains safe to eat and retains its flavor and nutrients over time.
Sizing and Forecast
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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Segmentation & Regional Insights
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
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.
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Major Driver Impacting Market Growth
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.
Key Industry Players
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
The canned lamb market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
………
27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
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