Canned Food Market is expected to grow at a CAGR of 3.8% Competition including – Forecast 2018-2023, Growth Opportunities, Demand, Industrial Research Analysis – Redfield Report

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Canned Food

“Latest Market Overview for Canned Food Market Research Report 2018-2023 with CAGR 3.8%

Global Canned Food Market Report 2018 provides actionable intelligence on factors that have been driving demand; key trends that are impacting the Canned Food market; challenges that affect the market dynamics along with the market size, a SWOT analysis of the key vendors, and various segments.

Competitor Analysis: by product types, market share, applications, sales, and revenue.

  • Atria Group
  • Campbell Soup
  • ConAgra Foods Inc.
  • Danish Crown
  • DelMonte Pacific Ltd.
  • H.J. Heinz Company
  • Hormel Foods
  • JBS
  • La Doria
  • Nestle
  • Pinnacle Foods Inc. 

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Description of Canned Food Market: Market Insights

The global canned food market is expected to reach USD 118 billion by 2023, at a CAGR of 3.8%, during the forecast period (2018-2023). The growing trend in the canned food market is innovations in packaging. With increase in demand for chemical-free canned foods, manufacturers are focusing on innovations in packaging. Many brands of canned food products have started offering food in BPA-free containers.
The growing trend for organic canned fruits and vegetables and focus on social media marketing and promotions further adds to the revenue generating factors in the global canned food market.

Market Dynamics

Canned food requires less preparation time and are considered convenient to use, which has led to its popularity in the global market. The demand for sealed and tamper-proof steel container food is high, as they protect food from harmful bacteria. Also, due to hectic and busy lifestyles of consumers, canned food is expected to gain more importance. The process of canning helps in preserving the quality of food products and preventing food spoilage, which subsequently increases their shelf life.
However, major restraining factors affecting the global canned food packaging market are availability of alternative packaging solutions, high cost of metals, introduction of polyethylene terephthalate, and high-density polyethylene materials. Also, canned foods are subject to the risk of BPA, which is hazardous to health.
Factors, such as, innovations in packaging, high investment in R&D, and increasing demand in the Asia-Pacific region, reflect the growth opportunities for the global canned food market.

Market Segmentation

The global canned food market is segmented by type, distribution channel, and region. The fish & seafood segment is reported to be the fastest growing segment, given the high demand and sustainably sourced products. During 2015, the sale of canned food through supermarkets and hypermarkets was the most significant, due to the availability of a vast array of products, at a discounted price. Supermarkets and hypermarkets are also the ideal venues for vendors to launch their products.
The market is currently dominated by Europe, followed by North America. The evolving and changing food habits, along with increasing urbanization is driving the growth of the canned fruit products in countries, like India and China.

Key Developments

• March 2016 – Del Monte, one of the largest producers in the region, distributors, and marketers of premium quality, branded food products, announced plans for conversion to non-BPA packaging and an increase in the non-GMO product offerings.

Major players – ATRIA GROUP, CAMPBELL SOUP, CONAGRA FOODS INC., DANISH CROWN, DELMONTE PACIFIC LTD., H.J. HEINZ COMPANY, HORMEL FOODS, JBS, LA DORIA, NESTLE, PINNACLE FOODS INC., among others.

Reasons to Purchase this Report

  • Analyzing outlook of the market with the recent trends and Porters five forces analysis
  • Market dynamics, which essentially consider the factors, which are impelling the present market scenario, along with growth opportunities of the market in the years to come
  • Market segmentation analysis, including qualitative & quantitative research incorporating the impact of economic & non-economic aspects
  • Regional and Country level analysis integrating the demand and supply forces that are influencing the growth of the market
  • Competitive landscape involving the market share of major players, along with the key strategies adopted for development in the past five years
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • 3-month analyst support, along with the Market Estimate sheet (in excel)

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    The Global demand for Canned Food Market is forecast to report strong development driven by consumption in major evolving markets. More growth opportunities to come up between 2018 and 2025 compared to a few years ago, signifying the rapid pace of change.

    Following market aspects are enfolded in Global Canned Food Market Report:

    1. A wide summarization of the Global Canned Food Market.
    2. The present and forecasted regional market size data based on applications, types, and regions.
    3. Market trends, drivers and challenges for the Global Canned Food Market.
    4. Analysis of company profiles of Top major players functioning in the market.

    Canned Food Market report passes on a fundamental overview of the Market including its definition, applications, and advancement. Furthermore, the Industry report investigates the ecumenical Major Canned Food Market players in detail. Canned Food Market report gives key bits of Cautiousness and subsisting status of the Players and is a basic Source obviously and heading for Companies and people energized by the Industry.

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    Which are the important factors that are mentioned in the Canned Food Market report 2023?

    • Key Market Dynamics: The Global Canned Food Market research report provides complete forecasts on the latest market trends, development methods, and research methodologies. Some of the factors that are directly in affecting the market including the Strategic Production and Methods, development platforms, and the product model itself, and even a minute change within the product profile would result in huge amount of changes within the mentioned factors. All of these factors are explained in detail in the research study.
    • Major Growth Prospects:The report also focuses on some of the Key growth prediction, including new product launches, Mergers and Acquisitions, Research and Development, joint ventures, collaborations, agreements, partnerships, and growth of the key Manufacturers working effectively in the market, both in terms of regional and global scale depending on geography.
    • Key Market Highlights: The report gives us an in-depth Market analysis on some of the Canned Food Market key factors, including revenue, cost, capacity, capacity utilization rate, production, production rate, consumption, supply, demand, Market share, CAGR, and gross margin. Additionally, the report presents a comprehensive study of the market growth factors and their latest trends, along with related Market sections and subsections.

    Browse Detailed TOC, Tables, Figures, Charts, and Companies Mentioned in this Market Research Report @ https://360researchreports.com/Canned Food-13103717

     The growth of this market worldwide is subjected to various factors; including consumer world-class Canned Food Market of many Canned Food Market products, inorganic company growth models, price volatility of raw materials, product innovation along with economic prospects in both producer and consumer countries.

    Conclusively, this report will provide you a clear view of each fact of the market without a need to refer to any other research report or a data source. Our report will provide you with all the facts about the past, present, and future of the concerned Market.