Market Overview:
The Canned Meat Market size is estimated to reach $78 Billion by 2030, growing at a CAGR of 6.3% during the forecast period 2024-2030, according to a recent report published by IndustryARC, titled, “Canned Meat Market - By Product Type (Meat, Poultry, Seafood), By Packaging Material (Metal, Plastic, Glass, Others), By Distribution Channel (Offline, Online), By Category (Sterilized, Pasteurized), And By Geography - Opportunity Analysis & Industry Forecast, 2024-2030.
The Canned Meat Market is expected to grow significantly during the forecast period, driven by several factors. Increasing demand for convenience, growing demand for protein, long shelf life, and health benefits are key drivers, as consumers seek quick, nutritious meal options with extended freshness. Affordable pricing makes canned meats accessible to a broad audience, while the expansion of retail and online distribution channels enhances market accessibility. Product innovation, including premium and specialty offerings, caters to evolving consumer preferences, while concerns over food security and emergency preparedness further boost demand for non-perishable options. Additionally, sustainability trends are influencing consumer choices, with a growing preference for sustainably sourced and packaged canned meats. These factors combined are fueling the market's growth and positioning it for continued expansion.
North America Dominated the Market in 2023:
North America is emerging as the fastest-growing region in the Canned Meat Market driven by increasing consumer demand for convenience and long-lasting food products. The United States and Canada are leading this growth due to rising preferences for canned seafood, ready meals among busy households. Additionally, major players like Campbell and ConAgra Brands are introducing innovative canned products, such as low-sodium and organic options, catering to health-conscious consumers. The growing popularity of e-commerce platforms further supports the regional market by enhancing product availability and accessibility.
Canned Meat Market: Key Takeaways
The Increasing Demand for Ready-To-Eat Meals
The increasing demand for ready-to-eat and ready-to-make foods is a major driver in the Canned Meat Market. As consumers face busy lifestyles, there is a growing preference for meals that require minimal preparation and offer convenience. There is a growing demand for tuna salads and canned tuna & luncheon meats. This is attributed to the preference for convenient, ready-to-eat meals, combined with the affordability and long shelf life of canned tuna and luncheon meats, significantly contributed to the market's expansion. Tuna salads, often marketed as a healthy, quick meal option, have gained popularity among consumers seeking convenient protein sources. Additionally, canned luncheon meats, such as ham and turkey, remain popular in North American households for their ease of use in sandwiches and snacks.
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Technological Advancement
Technology has become a significant driver in the growth of the Canned Meat Market. Advances in packaging technologies have improved the quality and shelf life of canned products, making them more appealing to health-conscious consumers. Innovations like vacuum sealing, advanced canning processes, and enhanced preservatives ensure that the nutritional value, taste, and texture of canned foods are better preserved over time. This technology also allows for better nutrient retention, which has led to a rise in demand for healthier canned options.Moreover, the automation of production processes in food manufacturing has streamlined the packaging and distribution of canned foods, reducing production costs and improving efficiency. With the help of cutting-edge technologies, companies are able to cater to a broader market, offering a wider variety of canned products. This enables companies to meet consumer demands for convenience and quality, which are essential drivers in the market's expansion.
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Scope of the Report:
Recent Developments:
- In July 2024, Island Creek opened a cannery in New Bedford. The facility will be 10,000 square feet and will produce shelf-stable shellfish products, according to the company.
- In April 2023, Inalca S.p.A launched a new range of premium canned meats under the Inalca Gourmet brand, targeting the growing demand for high-quality, ready-to-eat food products.
- In February 2023, Thai Union announced its acquisition of Mareblu brand in Europe, which expanded its reach in canned seafood and enhanced its product offering. Thai Union’s move was part of its strategy to expand further in the canned food market.
Canned Meat Market: Competitive Landscape
Key companies profiled in the Canned Meat Marketare Hormel Foods Corporation, Conagra Brands Inc., Thai Union Group, Trident Seafoods, Dongwon Industries, JBS S.A., BRF S.A., Minerva Foods, Clemens Food Group, and Inalca S.p.A.
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