(Entertainment-NewsWire.com, March 20, 2018 ) Global Canned Food Market was worth USD 89.7 billion in 2016 and estimated to be growing at a CAGR of 3.8%, to reach USD 108 billion by 2021. Canned foods are the processed food products such as fruits, vegetables, and others which are stored in airtight metal containers and are sterilized using heat. This process helps in preserving the quality of food products and prolonging the shelf life of the food products. Canned food products come in handy during emergency situations due to their long shelf life.
One of the major drivers of the canned food products market is the convenience and long shelf life they posses. There has been a change in the eating habits of people due to the influence of the western culture which in turn drives the market. However, the extra sugar and salt content may pose as a restraint for the growth of the market.
The market for Canned Food is broadly categorized into type and distribution channel. By type the market is segmented into canned meat products, canned sea food, canned vegetables, canned fruit, canned ready to eat meals, canned desserts, canned pasta/noodles, canned soups and canned cooking sauces. The fish and sea food segment is expected to grow at a fast pace. By distribution channel the market is divided into specialist retailers, internet sales, supermarkets, convenience stores and others.On the basis of geography, the global market is analysed under various regions namely North America, Europe, Asia-Pacific and Rest of the World. The Canned Food market was dominated by Europe followed by North America. Asia Pacific is a lucrative market and is expected to grow at a high CAGR.
Market Segmentation • Type • Introduction • Canned meat products • Canned seafood • Canned vegetables • Canned fruit • Canned ready to eat meals • Canned desserts • Canned pasta • Canned soups • Canned cooking sauces • Y-o-Y Growth Analysis, By type • Market Attractiveness Analysis, By type • Market Share Analysis, By type Distribution channel • Introduction • Specialist retailers • Internet sales • Supermarkets • Convenience stores • Others • Y-o-Y Growth Analysis, By distribution channel • Market Attractiveness Analysis, By distribution channel • Market Share Analysis, By distribution channel Some of the major companies dominating the market, by their products and services include Dole Food Company Inc. , DelMonte Pacific Ltd. , ConAgra Foods Inc. , H.J. Heinz Company , Pinnacle Foods Inc. , B&G Food Holdings Corporation , Bolton Group International , La Doria , Campbell Soup , Nestle , Zanlakol , CECAB Group , Princes Limited and Bonduelle.
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