Canned Foods Market- By Product Type , By Packaging Material , By Distribution Channel and By Geography - Opportunity Analysis & Industry Forecast, 2024-2030

Canned Foods MarketOverview

Canned Foods Marketsize is forecast to reach US $110 billion by 2030, after growing at a CAGR of 5.2% during 2024-2030. The airtight sealing of foods in containers is a very effective method of food preservation. Foods such as fruit, vegetables, meat, fish, or a combination of these foods (e.g. meat and vegetable condensed soup, sauces and more) can be stored safely in airtight sealed containers. 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, food security and emergency preparedness and sustainability trends are expected to drive the market during the forecast period.The trends in the Canned Foods Market include the rise of organic and BPA-free canned products. According to Packaged Facts’ May 2024 National Online Consumer Survey, 51% of respondents actively look for clean label packaged foods while 40% seek out organic options. As a result there is a demand for organic canned food products. BPA is used in canned food industry to prevent direct contact between the food and the metal. These compounds can migrate into food, particularly at elevated temperatures for example, in hot-filled or heat-processed canned foods. However, due to the growing consumer awareness about the harmful effects of BPA several manufacturers are marketing the canned products as BPA free.

Canned Foods Market- Report Coverage:

The “Canned Foods MarketReport - Forecast (2024-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the Canned Foods Market.

COVID-19 / Ukraine Crisis - Impact Analysis:  

• The COVID-19 pandemic significantly impacted the Canned Foods Market, leading to a surge in demand as consumers sought shelf-stable products during lockdowns. This increased demand was driven by the need for convenience and long shelf life, as people stocked up on essential items. Additionally, the pandemic disrupted global supply chains, leading to delays and rising production costs due to shortages in raw materials, packaging, and labor. The shift toward online shopping also accelerated during this period, with more consumers purchasing canned goods via e-commerce platforms. 
• The Ukraine crisis further exacerbated supply chain challenges particularly affecting the energy prices leading to higher costs for food production. This impacted the prices of canned foods, as transportation costs and raw material shortages increased. However, the crisis has also reinforced the appeal of canned foods as a reliable, long-lasting food source. Consumers in regions affected by the crisis have turned to canned goods to secure food supplies amid ongoing uncertainty.

Key Takeaways

Metal is the Leading Segment

The leading segment in the Canned Foods Market by packaging material is metal, particularly aluminum. This preference is driven by the benefits of aluminum, which is highly recyclable, lightweight and durable. It provides excellent protection against light, air, and moisture, helping extend the shelf life of canned goods. Additionally, aluminum packaging is favored for its ability to preserve food quality while being environmentally friendly, as nearly all of it can be recycled without losing its quality. The Bureau of Indian Standards (BIS) has introduced a new standard, IS 18427: 2024, aimed at the food and beverage industry, specifically for three-piece round open-top metal cans. These cans, widely used for packaging, play a crucial role in the preservation and transportation of food and beverages. The new standard replaces older standards, including IS 2034, IS 9396 Part 1, and IS 9396 Part 2, which will be withdrawn by January 18, 2025. This shift in regulation is expected to enhance manufacturing practices and product safety. Three-piece round open-top metal cans require BIS ISI certification to be approved for import and sale in India. The food safety watchdog of India FSSAI has prepared a draft specifying the limit of heavy metals in products such as canned food, margarine, wine, poultry and other processed food. 

Offline is the largest segment

The Offline segment is the largest distribution channel in the canned foods market. This dominance is primarily due to the wide availability and convenience brick & mortar stores offer. Supermarkets and hypermarkets are preferred by consumers for their one-stop shopping experience, where a broad range of canned food products is readily available at competitive prices. Major global retailers, such as Walmart, Tesco and Carrefour, drive significant sales in this segment, benefiting from large-scale operations and established supply chains. According to a Reuters article dated April 2024, low-income American households that rely on food stamps are increasingly turning towards canned food. For instance, Conagra has reported increased sales of canned foods. Conagra manufactures Armour Star Vienna sausages, which are sold for $1 for a 4.6 oz tin in Walgreens stores, which appeal to budget conscious customers.

North America Dominates the market

North America dominates the canned food market. The region boasts a well-established infrastructure for food production and distribution, with efficient supply chains connecting farms to processing plants and ultimately to retail outlets. North American consumers have a strong preference for convenient and readily available food options, aligning perfectly with the ease of use and long shelf life offered by canned goods. This preference is further fueled by busy lifestyles and a growing demand for quick meal solutions. In its 2024 Annual Report, Seneca Foods reported net sales of $730.2 million for the six months ended September 28, 2024, an increase from $706.1 million during the same period in 2023. This growth is primarily attributed to higher sales volumes, underscoring the company's significant role in the North American canned food sector. Campbell's is a major player in the canned food industry. In fiscal year 2023, the company reported revenues of approximately $9.357 billion, with a substantial portion attributed to its canned soup products. 

Increasing Demand for Convenience and Shelf Lifeto Drive the Market

The growing demand for convenience and extended shelf life is a significant driver of the canned foods market. As consumers increasingly seek quick, easy meal solutions with longer storage capabilities, canned foods are becoming an essential part of modern diets.Canned foods, especially those with long shelf life, are becoming more popular in households and foodservice establishments due to their convenience, reduced spoilage and minimal preparation required. This demand has led to innovations in packaging and processing technologies, which aim to enhance both shelf life and food quality. According to the report of Export Planning, the U.S. has seen increased imports of long-life canned foods, with a projected annual growth rate of about 4% from 2020 to 2023. US import of these high-end and mid-high end products exceeded the threshold of $2.3 billion, compared to levels of less than $1 billion at the beginning of the decade.

Growing Concerns Over Plastic to Hamper the Market

A major challenge in the canned foods market is environmental sustainability. With increasing concerns over packaging waste and the carbon footprint of production, manufacturers are under pressure to adopt eco-friendly practices. The widespread use of plastic packaging, which are non-biodegradable and often end up in landfills, has led to rising consumer awareness. Many brands are striving to shift to recyclable materials or biodegradable options, though this often comes with higher production costs.The transition to sustainable packaging materials such as plant-based plastics or recyclable aluminum is slow and expensive, presenting a challenge for companies that need to balance environmental goals with profitability. This issue is compounded by stricter regulations and consumer preferences for cleaner, greener products.

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Key Market Players

Global Canned Foods top 10 companies include:

1. ConAgra Brands, Inc.
2. Nestlé S.A.
3. Kraft Heinz Company
4. Del Monte Foods, Inc.
5. Bolton Group 
6. The Campbell Company 
7. JBS S.A 
8. Dole Food Company, Inc.
9. Bumble Bee Foods, LLC
10. Danish Crown Amba

Scope of the Report:

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