Sustainable Sustenance: Canned Food Market Adapts to Changing Tastes and Trends
Individuals with hectic schedules, particularly millennials and Gen Z those who are not good cooks, get tired of living a fast-paced lifestyle. Consumer demographic shifts are the primary drivers of the convenient food sector. Food sales and the level of convenience they provide are highly correlated, according to market perceptions towards food and drink.
Technavio’s Market Analyst Forecasted “Between 2023 and 2027, the Canned Food Market is expected to grow by USD 29.44 billion, with a compound annual growth rate (CAGR) of 4.3%.”
Purchasing canned goods is determined by several things. Convenience is, nonetheless, the most crucial factor. Another important value addition for all canned goods is its hassle free and Cans have become one of the most popular preserved food choices among customers due to their great nutritional, color, and flavor retention.
Snapshot of Canned Food Market Analysis
When it comes to the core companies of the Canned Food Market, are also always adapting and working to reach out to more members of the current consumer generation. Brands like A. Clouet Australia Pty Ltd., Atria Plc, Bolton Group Srl, BONDUELLE SA, Campbell Soup Co., CHB Group, Conagra Brands Inc., Danish Crown AS, Del Monte Pacific Ltd., Eureden Cooperative Group, General Mills Inc., The Hain Celestial Group Inc., Hormel Foods Corp., are some of the prominent names in the market sphere.
In nutshell, it can be concluded as the market evolves Lifestyle modifications combined with rising demand for convenience food in form of Canned food, will propel a significant advancement of the Canned Food market in next five years.