Canned Foods Market to reach $110 Billion by 2030; Increasing demand for convenience, long shelf life, health and nutritional benefits, affordable pricing, expansion of retail and online distribution channels, product innovation and premium offerings

The Canned Foods Market size is estimated to reach $110 Billion by 2030, growing at a CAGR of 5.2% during the forecast period 2024-2030, according to a recent report published by IndustryARC, titled, “Canned Foods Market- - By Product Type (Fruits & Vegetables, Meat, Poultry & Seafood, Soups & Sauces, Ready Meals, Others),By Packaging Material (Metal, Plastic, Glass, Others),By Distribution Channel (online, offline),By Geography - Opportunity Analysis & Industry Forecast, 2024-2030”

The Canned Foods Market is driven by several key factors, including the rising demand for convenient, shelf-stable products, particularly ready meals and soups & sauces. Changing consumer lifestylesfuel the need for quick, easy meal solutions. Economic factors, like inflation, make canned foods attractive due to their affordability and long shelf life. Additionally, advancements in packaging technology are improving the quality and appeal of canned foods, enhancing taste retention, and preserving nutrients. 

North America dominated the canned food market in 2023, driven by the increasing demand for convenience, long shelf life, and nutritious options. The USA was the largest contributor, accounting for a significant portion of the market share, with canned foods being a staple in American households due to their affordability and ease of preparation. Sales of canned vegetables, fruits, and seafood continued to rise, particularly in the wake of rising food prices and inflation, as consumers sought cost-effective meal options. According to the US Department of Agriculture (USDA), canned vegetables and canned seafood, including tuna and salmon, saw a growth of approximately 5% in 2023. The canned seafood market was particularly driven by tuna and salmon, which were increasingly favored due to their health benefits and long shelf life. Additionally, Canada and Mexico also contributed to the growth in North America, with canned food sales increasing by 3-4% in these countries. Rising consumer interest in sustainability and eco-friendly packaging further boosted the market, with leading brands like Del Monte and Campbell Soup focusing on sustainable sourcing and packaging solutions. The market's dominance in North America is expected to continue in the coming years, as demand for convenient and affordable meal options persists.

A key opportunity in the canned salmon market is aligning with Gen Z preferences for health and transparency. This generation is increasingly focused on maintaining a healthy lifestyle while demanding transparency from brands about their sourcing, production processes, and environmental impact. Salmon companies can capitalize on this trend by emphasizing the health benefits of their products, such as high omega-3 content, and sustainable sourcing practices.By adopting transparent labeling, companies can highlight certifications like Fair Trade, Aquaculture Stewardship Council (ASC), or Marine Stewardship Council (MSC), which align with Gen Z's values of ethical consumption and sustainability. Promoting how the canned salmon is produced in an eco-friendly manner and ensuring the product is free from harmful additives will help attract these younger consumers, who are known to be more discerning about food quality and sustainability. Additionally, leveraging social media platforms to engage Gen Z and sharing behind-the-scenes content about sourcing, production, and environmental initiatives will foster a sense of connection and trust with the brand.

The demand for clean label food has been a significant driver in the canned food market, particularly in regions like North America and Europe. Consumers are increasingly seeking foods that are minimally processed, free from artificial additives, and contain transparent labeling that lists only natural ingredients. In the canned food sector, this trend is reflected in the growing popularity of products that offer simpler ingredient lists, such as canned vegetables, fruits, and meats with no added preservatives or artificial flavorings. According to Nestlé's 2023 European report, there has been a 9% increase in the demand for canned foods with clean labels, particularly in countries like the UK and Germany, where consumers are more health-conscious. This trend is also evident in the US, where the Clean Label Project reported that 38% of US consumers are actively seeking clean-label products. Leading brands such as Del Monte, Campbell Soup, and Bumble Bee Foods are responding by launching new products with minimal ingredients, non-GMO certifications, and organic options. Additionally, the rise in plant-based diets has also driven demand for clean-label canned plant-based food options, such as beans, pulses, and plant-based meals.

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ConAgra Brands, Inc., Nestlé S.A., Kraft Heinz Company, Del Monte Foods, Inc., Bolton Group, The Campbell Company, JBS S.A., Dole Food Company, Inc., Bumble Bee Foods, LLC, and Danish Crown Amba and others.

Convenience Food Retail Market -The global convenience food retail market is estimated to surpass $1,128.6 billion by 2025, growing at a CAGR of 4.49% during the forecast period 2018–2025. The market is driven by the increase in working population and busy lifestyle of people across various regions. The ongoing trend towards the expansion of retail chains across the globe, particularly in Europe and Asia-Pacific, is also contributing to the overall industry growth.

Frozen Food Market - Frozen Food Market Size is forecast to reach $ 426622 Million by 2030, at a CAGR of 5.50% during forecast period 2024-2030.The growth of the Frozen Food Market is being driven by a soaring intake of frozen ready meals involving good quality raw materials.

Ready To Eat Food Market - Ready To Eat Food Market size is estimated to reach $231.4 billion by 2027, growing at a CAGR of 5.2% during the forecast period 2022-2027. The soaring intake of convenient ready-to-eat foods like baked foods and frozen products by youth is set to drive the Ready To Eat Food Market. The effortless intake of ready-to-eat foods at any time of the day like breakfast, lunch, or dinner turning them into the nearest substitute for everyday food is set to propel the growth of the Ready To Eat Food Market during the forecast period 2022-2027.