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

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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...

Asia and Latin America to Foster the Global Market for Canned Food to reach 100 billion by 2020

Hyderabad – Industry Experts, a multi industry focused market research firm, has today added a new market research report ‘ Canned Food – A Global Market Overview ’ to its Food & Beverages catalogue. Though tastes of consumers as regards food are highly varying, there is hardly any difference in the qualities that they value. Topping the list of consumer demands for foods and packaging are freshness, ingredients of superior quality, convenience and eco-friendliness. The humble can is able to provide all of these, though consumer perception regarding the same is very low. For instance, convenience offered by canned foods is highly valued by consumers, but other benefits, such as health and nutritional advantages are often ignored. Today’s consumer is gaining an insight into the role played by nutritious foods to maintain a healthy lifestyle, with health-conscious diets becoming more common and driving the demand for the most nutritious food on offer. This comprehensive market rep...