The global canned meat market is expected to witness a substantial Compound Annual Growth Rate (CAGR) exceeding 4.2% throughout the forecast period spanning from 2023 to 2030. This growth can be attributed to the growing demand for canned meat products, driven by their extended shelf life and convenience, as well as the increasing popularity of ready-to-eat and on-the-go meals. Furthermore, the market’s expansion is fueled by the rising need for canned meat products in the food service industry and an increasing consumer awareness regarding protein-rich diets.
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Market Trends:
- Rising demand for convenient and protein-rich foods: Canned meat is a convenient and protein-rich food that can be stored for long periods of time. This is driving the demand for canned meat in busy households and among people who are looking for easy-to-prepare meals.
- Growing awareness of the nutritional benefits of canned meat: Canned meat is a good source of protein, iron, and other essential nutrients. This is driving the demand for canned meat among consumers who are looking for healthy and nutritious food options.
- Increasing disposable income: Consumers in developing countries are increasingly having more disposable income to spend on food. This is driving the demand for canned meat in these countries.
- Expanding retail distribution channels: Canned meat is now available in a variety of retail channels, including supermarkets, hypermarkets, and online retailers. This makes it easier for consumers to purchase canned meat.
According to the recent report published by RC Market Analytics, the Global Canned Meat Market is expected to provide sustainable growth opportunities during the forecast period from 2023 to 2030. This latest industry research study analyzes the canned meat market by various product segments, applications, regions and countries while assessing regional performances of numerous leading market participants. The report offers a holistic view of the canned meat industry encompassing numerous stakeholders including raw material suppliers, providers, distributors, consumers and government agencies, among others. Furthermore, the report includes detailed quantitative and qualitative analysis of the global market considering market history, product development, regional dynamics, competitive landscape, and key success factors (KSFs) in the industry.
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Geographically, the canned meat market report comprises dedicated sections centering on the regional market revenue and trends. The canned meat market has been segmented on the basis of geographic regions into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Canned meat market estimates have also been provided for the historical years 2020 & 2021 along with forecast for the period from 2023 – 2030.The report includes a deep-dive analysis of key countries including the U.S., Canada, the U.K., Germany, France, Italy, China, Japan, India, Australia, Mexico, Brazil and South Africa, among others. Thereby, the report identifies unique growth opportunities across the world based on trends occurring in various developed and developing economies.
The Canned Meat Market Segmentation:
By Type:
- Beef
- Seafood
- Poultry
- Pork
- Others
By End-Use:
- Household
- Food Service
- Others
By Distribution Channel:
- Supermarkets/Hypermarkets
- Convenience Stores
- Online
- Others
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Some of the key players operating in the global canned meat market are Hormel Foods Corporation, BRF S.A., Nestle S.A., Tulip Ltd., Conagra Brands, Inc., Princes Limited, Ayam Brand, Danish Crown AmbA, West Liberty Foods, LLC, and Keystone Foods LLC.
Companies are strengthening their market position by launching new products, merging and acquiring other companies, and forming partnerships and collaborations. For example, in 2020, BRF S.A. acquired the rest of the shares in Dubai-based One Foods Holdings Ltd, a leading poultry-based food company in Saudi Arabia. This acquisition will help BRF S.A. expand its reach in the Middle East and North Africa region.
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Key Questions Answered by Canned Meat Market Report:
- Product popularity and adoption based on various country-level dynamics
- Regional presence and product development for leading market participants
- Market forecasts and trend analysis based on ongoing investments and economic growth in key countries
- Competitive landscape based on revenue, product offerings, years of presence, number of employees and market concentration, among others
- Various industry models such as SWOT analysis, Pestle Analysis, Porter’s Five Force model, Value Chain Analysis pertaining to Canned Meat market
- Analysis of the key factors driving and restraining the growth of the global, regional and country-level markets from 2020-2027
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