Canned Meat Industry Overview
The global canned meat market size was valued at USD 13.68 billion in 2020 and is anticipated to expand at a compound annual growth rate (CAGR) of 2.2% from 2021 to 2028.
Increasing preference for processed food and rising per capita spending on meat consumption are expected to fuel the product demand over the forecast period. The COVID-19 pandemic had an adverse impact on the market. The sudden slowdown of frozen food imports has been one of the major changes over the lockdown period. For instance, cumulative import of frozen tuna in the U.S. in the first quarter of 2020 accounted for approximately 8% than the first quarter of 2019. In the U.S., poultry meat emerged as the largest meat type segment for canned meat in 2020.
Gather more insights about the market drivers, restrains and growth of the Global Canned Meat Market
Rising consumption of poultry meat is expected to drive the segment growth in the U.S. Overall poultry meat consumption in the U.S. accounted for 18,733.6 thousand tons in 2019 and reached 19,169.0 thousand tons in 2020.Canned food has a longer span off the shelf, as sterilized food is isolated from the external environment by sealed containers, such as glass metal cansand aluminum foil. Hence, food is not debased with outside air or microorganisms. The sealing ability influences the shelf life of canned foods. Meat, poultry, and fish are the major types of processed food, witnessing higher demand across the world.
The dynamic and fast lifestyle of consumers credited to the rapid urbanization is expected to stimulate the product demand further. The young generation as well as the working-class population demand not only ready-to-eat food, but also nutrients and a unique taste. Manufacturers are launching new products with high nutrients and a variety of tastes, which can provide traction for consumers from different regions.
Browse through Grand View Research's Consumer FB Industry Research Reports.
- Canned Seafood Market - The global canned seafood market size was valued at USD 30.09 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 5.9% from 2022 to 2030. The increasing popularity of ready-to-eat seafood products due to improvement in distribution infrastructure is anticipated to drive the industry growth. According to the Food and Agriculture Organization of the United Nations, Canned Tune imports in the U.S. increased by 15% in 2020.
- Frozen Food Market - The global frozen food market size was valued at USD 177.07 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 5.2% from 2022 to 2030. The increasing popularity of shelf-stable foods among consumers on a global level is expected to expand the industry size over the next few years.
Canned Meat Market Segmentation
Grand View Research has segmented the global canned meat market based on meat type, distribution channel, and region:
Canned Meat Type Outlook (Revenue, USD Million, 2016 - 2028)
- Beef
- Seafood
- Poultry
- Pork
- Others
Canned Meat Distribution Channel Outlook (Revenue, USD Million, 2016 - 2028)
- Supermarket Hypermarket
- Specialty Store
- Online
- Others
Canned Meat Regional Outlook (Revenue, USD Million, 2016 - 2028)
- North America
- Europe
- Asia Pacific
- Central South America
- Middle East Africa
Market Share Insights
- February 2020: Bordon launched two new kinds of corned meat, such as spicy and onion, alongside chunky.
Key Companies profiled:
Some prominent players in the global canned meat market include
- JBS
- Hormel Foods Corp.
- Tyson Foods, Inc.
- Wild Planet Foods
- Bolton Group
- Vion Food Group
- Mundella Foods
- Campbell Soup Company
- Smithfield Foods
- Valleyfresh Global
Order a free sample PDF of the Canned Meat Market Intelligence Study, published by Grand View Research.
About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
