Global Canned Food Market to Exceed $150 billion by 2030, Urbanization and Convenience Driving Demand

Industry Experts, Inc., has released its latest report on Canned Food Market, with demand for the same being estimated at US$116.3 billion in 2024 and projected to reach US$154.4 billion by 2030 at a 2024-2030 CAGR of 4.8%.

Some of the factors instrumental in driving demand for Canned Food include urbanization & busy lifestyles, growth in consumer awareness regarding health benefits of these foods and advancements in canning technology & product innovation. A shift towards urban areas and longer & irregular working hours are reinforcing the convenience factor, owing to which the market for ready-to-eat food options has been growing. Canned foods are an ideal alternative for consuming a quick, easy and nutritious meal with minimal or zero preparation time. Working professionals, students and people with hectic schedules especially benefited with canned food options. In addition, foods in cans offer extended shelf life, thereby reducing the frequency of visiting stores or supermarkets for food shopping. As regards canning, novel techniques have been developed, which have improved the quality, taste and nutritional value of foods considerably. Producers are also offering canned foods with a range of new flavors and international cuisine options to cater to the tastes of a diverse consumer base.

Worldwide, the demand for Canned Fish/Seafood is the highest and also expected to be the fastest growing, with products such as canned tuna, salmon, sardines and anchovies becoming very popular among consumers. Seafood is claimed to be rich in nutrition with high levels of omega-3 fatty acids that offer a variety of health benefits, including reduced risk of heart disease and improved blood pressure by virtue of being rich in protein and low in fat. These factors have led to a rise in consumption of Canned Fish/Seafood, particularly among consumers who are more health conscious. Manufacturers, too, have recognized this trend and are constantly innovating by offering new, flavorful and preservative-free options that can satisfy a wide range of consumers.

The report studies the Canned Food market across all major regions including North America (The United States, Canada and Mexico), Europe (France, Germany, Italy, Russia, Spain, The United Kingdom and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea and Rest of Asia-Pacific), South America (Argentina, Brazil and Rest of South America) and Middle East & Africa.

The market for major product types of Canned Food analyzed in this report include Canned Fish/Seafood, Canned Fruits, Canned Meat, Canned Ready Meals, Canned Soups, Canned Vegetables and Other Canned Foods (primarily including Canned Condiments, Canned Cooking Sauces, Canned Desserts and Canned Pasta & Noodles). The study also examines the market for Canned Food by variety, comprising Organic and Regular. The distribution channels through which Canned Food is available as analyzed in this report include Convenience/Grocery Stores, Online Sales, Specialty Stores and Supermarkets/Hypermarkets.

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