Canned Goods Market Size 2024-2028: Regional Trends, Key Players, and Market Dynamics

The canned goods market is projected to grow significantly between 2023 and 2028, with an estimated increase of USD 70.5 billion at a compound annual growth rate (CAGR) of 5%. The market is primarily driven by rising disposable income, increased consumer demand for convenient food options, and continuous advancements in canning technology. The market encompasses a wide range of products, including canned vegetables, fruits, juices, syrups, jellies, and sauces, which offer extended shelf life, affordability, and convenience.

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Market Segmentation

• Packaging

  • Metal Cans
  • Glass Jars
  • Plastic Containers

• Distribution Channel

  • Offline
  • Online

• Geography

  • North America
    • US
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • Asia-Pacific (APAC)
    • China
    • Japan
  • South America
    • Brazil
  • Middle East and Africa

Regional Market Trends

• North America

  • Market Contribution: 34%
  • Key Consumer Countries: US, Canada
  • Key Drivers: Rising demand for plant-based canned goods, driven by the growing vegan population and health-conscious consumers.
  • Trends: Increasing preference for safe and convenient food options, along with a rise in plant-based and organic product offerings.
  • Challenges: Competition from fresh and frozen alternatives, along with consumer concerns over nutritional quality and food additives.

• Europe

  • Key Consumer Countries: Germany, UK, France, Italy
  • Trends: Growth in demand for healthy and organic canned options, with increasing adoption of sustainable packaging solutions.
  • Challenges: Consumer shift towards fresh and frozen produce due to perceived superior taste and nutrient content.

• Asia-Pacific (APAC)

  • Key Consumer Countries: China, Japan
  • Trends: Increased interest in canned products driven by convenience and long shelf life, alongside growing disposable income among consumers.

• South America

  • Key Consumer Countries: Brazil
  • Trends: Rising demand for affordable and nutritious canned foods in emerging markets.

• Middle East and Africa

  • Trends: Limited data, though market potential exists for convenient and long-lasting food solutions in the region.

Market Drivers, Trends, and Challenges

• Drivers:

  • Rising Disposable Income: The increase in disposable income is leading to higher demand for convenient and affordable food options, including canned goods.
  • Consumer Health Trends: Rising awareness about health and nutrition is driving demand for organic and non-GMO canned products.

• Trends:

  • Organic and Non-GMO Canned Products: Consumers are increasingly seeking organic and non-GMO canned vegetables, with a focus on healthier options.
  • Sustainable Packaging: The adoption of eco-friendly materials in packaging is growing, as companies align with consumer preferences for environmentally conscious products.

• Challenges:

  • Competition from Fresh and Frozen Alternatives: Canned goods face stiff competition from fresh and frozen produce, as consumers opt for alternatives perceived to have better taste and higher nutritional value.
  • Nutritional Concerns: Some consumers express concern about the overprocessing of canned foods, potentially reducing their nutritional content.

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Key Players in the Canned Goods Market

• B and G Foods Inc.
• Baxters Food Group Ltd.
• BONDUELLE SA
• Campbell Soup Co.
• Century Pacific Food Inc.
• Del Monte Foods Inc.
• Denis Asia Pacific PTE LTD
• General Mills Inc.
• Goya Foods Inc.
• Greenyard NV
• Hormel Foods Corp.
• LA DORIA S.P.A.
• Ocean Spray Cranberries Inc.
• OTS Holdings Ltd.
• Scout
• Seneca Foods Corp.
• Tesco Plc
• The Kraft Heinz Co.
• Whole Foods Market Services Inc.

Recent Developments

• December 2024: Campbell Soup Company launched a new line of plant-based canned soups, featuring high-protein, vegan ingredients to meet growing demand for sustainable food options.
• November 2024: Del Monte introduced eco-friendly canned fruit packaging using biodegradable and recyclable materials.
• October 2024: Conagra Brands launched premium organic vegetables in canned form, catering to health-conscious consumers.
• September 2024: Hain Celestial Group acquired a leading organic canned food brand, expanding its footprint in the growing organic food sector.