1 Global Canned Food Market Insight Analysis
The global canned food market is valued at USD 123,769 million in 2024, growing at a CAGR of 2.73% from 2024 to 2033.
Canned food refers to food products that have been processed, sealed in airtight containers, and sterilized at high temperatures to ensure long-term preservation without the need for refrigeration. This method of food preservation allows for a wide variety of products, including fruits, vegetables, meats, seafood, soups, and sauces, to be stored for extended periods, typically ranging from one to five years. The convenience and durability of canned foods make them an essential part of modern diets, especially in regions with limited access to fresh produce or during times of crisis, such as natural disasters or pandemics.
Figure Global Canned Food Market Size (M USD) and CAGR (2024-2033)
2 Canned Food Market Growth Drivers and Restraints
From the perspective of driving factors, the first is that the product itself has significant advantages. With the development of the modern economy, people’s pace of life has accelerated, and the demand for fast, ready-to-eat and convenient food has increased. Canned food just meets this demand. At the same time, it is nutritious, safe and reliable, affordable, and sustainable. Some canned foods are even more nutritious than ordinary foods after processing, such as tomatoes and corn after heating. These advantages make consumers more inclined to choose canned food in a fast-paced life, driving market growth.
Secondly, canned food occupies an important position in the dietary structure of developed countries. In Europe and the United States, the prices of fresh vegetables and meat are high, while canned food is affordable, delicious and nutritious, becoming an important part of consumers’ daily diet. Especially during the epidemic, its long shelf life makes it a must-have for family stockpiling, and every household stockpiles a large amount, and market demand surges. Moreover, the eating habits of European and American consumers have also made canned food a common choice for home cooking side dishes, further consolidating its market position.
Furthermore, the development of online sales channels has injected new vitality into the canned food market. In the Internet era, online marketing has advantages in cost, channel management, and information and capital circulation. Online sales not only simplify traditional marketing channels, but also integrate pre-sales, in-sales, and after-sales services as well as product and customer information query functions. With the advancement of information technology, online sales have developed rapidly, which has played a significant role in promoting the overall market sales of canned food. However, market growth also faces many limiting factors.
On the one hand, the industry has low barriers to entry, resulting in extremely fierce market competition. There are many well-known companies around the world, such as Conagra Brands, Campbell Soup, and Kraft Heinz, which have rich product systems and compete fiercely for market share. In recent years, with the increase in consumption of instant products, market demand has risen, attracting more participants to enter, and local suppliers in emerging economies have competed with established companies with their product pricing advantages. This fierce competition poses a challenge to the quality, flavor and sales channels of canned food.
On the other hand, canned food has some negative effects that affect the willingness of some consumers to buy. Some canned foods contain more salt and sugar, and excessive consumption may aggravate health problems for certain groups such as patients with hypertension and heart disease. In addition, chemicals such as BPA contained in food packaging pose potential risks to health. Although the US Food and Drug Administration has banned the use of such packaging in food packaging, such packaging is still available in the market. These negative factors make consumers hesitate when choosing canned food, thus limiting the further growth of the market.
3 Technological Innovations in the Canned Food Market
In terms of technological innovation, canned food companies actively explore to enhance product competitiveness. In the raw material screening process, companies continuously improve standards, strictly control the quality of raw materials, and ensure the quality of canned food from the source. Through advanced screening technology, better quality meat, vegetables, fruits and other raw materials are selected to lay the foundation for the production of high-quality canned food.
At the same time, companies continue to expand canned product production lines and launch more types of canned foods to meet the diverse needs of consumers. For example, some companies have developed low-sugar, low-salt, and low-fat healthy canned foods, which cater to the current consumer’s pursuit of healthy diets; and some companies have launched convenient and ready-to-eat canned foods, such as self-heating cans, which further enhance the convenience of products.
In terms of production technology, companies have increased their investment in innovation to improve production efficiency, reduce costs and better retain food nutrition. Some companies use advanced sterilization technology, which can effectively kill bacteria, extend shelf life, and minimize damage to food nutrients and flavors. At the same time, packaging technology is also constantly innovating. The application of new environmentally friendly packaging materials not only reduces pollution to the environment, but also better protects the quality and safety of food. For example, some metal packaging uses special coatings to prevent chemical reactions between food and metal and extend the shelf life of food; glass packaging is constantly improving in terms of materials and sealing technology to improve the preservation effect.
Corporate mergers and acquisitions are also an important trend in market development. Many companies achieve the goals of resource integration, market expansion and competitiveness through mergers and acquisitions. For example, Kraft Heinz acquired Assan Foods, which has advantages in the sauce field and has production facilities and market channels in Europe, the Middle East and Africa. Through this acquisition, Kraft Heinz was able to further expand its retail and catering business in these regions, enrich its product system, and enhance its competitiveness in the global food market.
Nestlé acquired the core brand of The Bountiful Company and successfully entered the fields of vitamins, minerals, herbs and supplements, broadening its business scope and strengthening its layout in the field of healthy foods. These mergers and acquisitions and restructuring activities help companies achieve economies of scale, optimize resource allocation, and enhance their voice in the market.
In addition, the expansion strategy of the company cannot be ignored. Conagra Brands plans to expand its Troy, Ohio plant, investing $60 million and adding 100 jobs, mainly for the production of Slim Jims meat snacks. This move is aimed at meeting the growing demand for its meat snacks, expanding production scale and increasing market share. Bonduelle is also expanding its canned and frozen vegetable plant, planning to add two new production lines to increase annual production, and improving production efficiency and product supply capabilities by optimizing operations and adopting automation technology.
4 Global Canned Food Market Size by Type
Canned cooking sauces represented a significant portion of the global canned food market in 2024, with a revenue of $3,183 million USD. These sauces are popular for their convenience and versatility, allowing consumers to quickly prepare a variety of dishes. The market for canned cooking sauces is driven by the increasing demand for ready-to-use ingredients, particularly in regions with busy lifestyles and limited time for meal preparation. The growth in this segment is also supported by the expanding foodservice industry, which relies heavily on such sauces for quick and consistent meal production.
Canned desserts accounted for $2,513 million USD in 2024. These products include a variety of sweet treats such as fruit cocktails, puddings, and other dessert items. The market for canned desserts is influenced by seasonal demand, particularly during holidays and special occasions. Additionally, the convenience of canned desserts makes them a popular choice for consumers looking for quick and easy dessert options. The segment is also seeing growth due to the introduction of new flavors and healthier alternatives, catering to the evolving tastes and dietary preferences of consumers.
Canned fish and seafood had a substantial market value of $45499 million USD in 2024. This segment includes products such as canned tuna, sardines, salmon, and other seafood items. Canned fish and seafood are highly valued for their nutritional benefits, particularly their high protein and omega-3 fatty acid content. The market is driven by increasing health consciousness among consumers and the growing demand for convenient protein sources. Additionally, the long shelf life of canned seafood makes it an ideal choice for households and foodservice establishments alike.
Canned fruits generated a revenue of $9940 million USD in 2024. These products offer a convenient and accessible way for consumers to enjoy fruits year-round, regardless of seasonal availability. Canned fruits are popular in households, foodservice industries, and as ingredients in various food products. The market is supported by the demand for ready-to-eat fruits, particularly in regions with limited access to fresh produce. The segment is also seeing growth due to the introduction of organic and non-GMO options, appealing to health-conscious consumers.
Canned meat products, including corned beef, Spam, and other meat items, had a market value of $30102 million USD in 2024. These products are known for their long shelf life and convenience, making them a staple in many households and emergency food supplies. The market for canned meat is driven by consumer demand for high-protein, ready-to-eat options. Additionally, the segment benefits from the popularity of outdoor activities such as camping and hiking, where canned meat is a convenient food choice.
Canned pasta and noodles accounted for $2661 million USD in 2024. These products offer a quick and easy meal solution, particularly appealing to busy consumers and students. The market is driven by the convenience and versatility of canned pasta and noodles, which can be easily prepared with minimal cooking effort. The segment is also seeing growth due to the introduction of new flavors and varieties, catering to diverse consumer tastes.
Canned soups had a market value of $4853 million USD in 2024. These products are popular for their convenience and ability to provide a quick and comforting meal. The market for canned soups is influenced by seasonal demand, particularly during colder months. Additionally, the segment is seeing growth due to the introduction of healthier and organic options, appealing to health-conscious consumers. The availability of a wide variety of flavors and types also supports the market’s expansion.
Canned vegetables represented the largest segment within the global canned food market in 2024, with a revenue of $25020 million USD. These products offer a convenient and accessible way for consumers to incorporate vegetables into their diets, regardless of seasonal availability. The market is driven by the demand for ready-to-use vegetables, particularly in regions with limited access to fresh produce. The segment is also seeing growth due to the introduction of organic and non-GMO options, appealing to health-conscious consumers.
Table Global Canned Food Market Size by Type in 2024
Type | Market Size (M USD) 2024 |
|---|---|
Canned Cooking Sauces | 3183 |
Canned Desserts | 2513 |
Canned Fish/Seafood | 45499 |
Canned Fruits | 9940 |
Canned Meat | 30102 |
Canned Pasta & Noodles | 2661 |
Canned Soups | 4853 |
Canned Vegetables | 25020 |
5 Global Canned Food Market Size by Application
Supermarkets and hypermarkets remained the dominant application segment in 2024, with a market value of $54620 million USD. These large retail outlets offer a wide variety of canned food products, catering to the diverse needs of consumers. The extensive product range and competitive pricing strategies employed by supermarkets and hypermarkets make them a preferred choice for shoppers. The growth in this segment is driven by the increasing number of modern retail formats and the convenience they offer to consumers. Additionally, the presence of well-known brands and promotional activities further boost sales in these outlets.
Independent retailers accounted for $35782 million USD in 2024. These smaller, privately-owned stores often provide a more personalized shopping experience and may carry niche or local canned food products. The market for independent retailers is influenced by consumer loyalty and the unique product offerings that differentiate them from larger retail chains. Despite the growing dominance of supermarkets, independent retailers continue to hold a significant share of the market, particularly in regions where local brands and personalized service are highly valued.
Convenience stores contributed $7674 million USD to the global canned food market in 2024. These stores are characterized by their extended operating hours and convenient locations, making them an ideal choice for consumers seeking quick and easy access to canned food products. The market for convenience stores is driven by the increasing urbanization and busy lifestyles of consumers, who often rely on these stores for last-minute purchases. The segment is also supported by the growing trend of on-the-go consumption, particularly for ready-to-eat canned products.
Online sales continued to grow rapidly, reaching $15694 million USD in 2024. The rise of e-commerce has revolutionized the way consumers purchase canned food, offering convenience, a wider selection, and often more competitive pricing. The growth in online sales is driven by the increasing penetration of the internet, the rise of digital marketing, and the convenience of home delivery. Consumers are increasingly turning to online platforms to purchase canned food, particularly during times of social distancing and health concerns.
Table Global Canned Food Market Size by Application in 2024
Application | Market Size (M USD) 2024 |
|---|---|
Supermarkets/Hypermarkets | 54620 |
Independent Retailers | 35782 |
Convenience Stores | 7674 |
Online Sales | 15694 |
Others | 9998 |
6 Global Canned Food Market Size by Region
North America remained a significant market for canned food in 2024, with a market value of $44189 million USD. The region is characterized by a high demand for convenient and nutritious food options, driven by busy lifestyles and a strong preference for ready-to-eat products. The market is dominated by major players such as Conagra Brands, Campbell Soup, and Kraft Heinz, which offer a wide range of products tailored to local tastes and dietary preferences. The growth in North America is also supported by the increasing popularity of online sales and the expansion of modern retail formats.
Europe accounted for $45799 million USD in 2024, making it the largest regional market for canned food. The European market is highly developed, with a strong preference for high-quality, branded products. The region is characterized by a diverse range of consumer preferences, influenced by cultural and dietary traditions. The market is driven by the increasing demand for organic and non-GMO products, as well as the growing popularity of online sales. Major players in the European market include Nestle, Bonduelle, and Bolton Group, which compete fiercely to capture market share.
The Asia-Pacific region showed significant growth potential in 2024, with a market value of $26172 million USD. The region is characterized by rapid urbanization, rising incomes, and changing dietary habits, which have led to an increasing demand for convenient and nutritious food options. The market is driven by the growing middle class, particularly in countries such as China and India, where consumer spending on food products is on the rise. The Asia-Pacific market is also supported by the increasing popularity of Western-style diets and the expansion of modern retail formats.
Latin America accounted for $4454 million USD in 2024. The region is characterized by a growing population and increasing urbanization, which have led to a rising demand for convenient and affordable food products. The market is driven by the increasing popularity of ready-to-eat meals and the expansion of modern retail formats. Major players in the Latin American market include Grupo Calvo and JBS, which compete to capture market share in a rapidly growing region.
The Middle East and Africa region accounted for $3155 million USD in 2024. The region is characterized by a growing population and increasing urbanization, which have led to a rising demand for convenient and nutritious food products. The market is driven by the increasing popularity of Western-style diets and the expansion of modern retail formats. The region is also supported by the growing demand for organic and non-GMO products, particularly in countries such as Turkey and South Africa.
Figure Global Canned Food Market Size (M USD) by Region in 2024
7 Global Canned Food Market Analysis by Major Players
Conagra Brands
Company Profile
Conagra Brands, Inc. is a leading North American food company with a rich history dating back to 1919. Headquartered in Chicago, Illinois, Conagra Brands is known for its diverse portfolio of branded food products. The company’s manufacturing facilities are primarily located in North America, and its products are sold worldwide. Conagra Brands is committed to innovation and sustainability, aiming to meet the evolving food preferences of consumers.
Business Overview
Conagra Brands is guided by an entrepreneurial spirit and a focus on innovation. The company’s product portfolio includes a wide range of iconic brands such as Birds Eye®, Marie Callender’s®, Banquet®, Healthy Choice®, Slim Jim®, Reddi-wip®, and Vlasic®, as well as emerging brands like Angie’s® BOOMCHICKAPOP®, Duke’s®, Earth Balance®, Gardein®, and Frontera®. These brands offer a variety of food products, including canned foods, frozen meals, snacks, and beverages. Conagra Brands is dedicated to providing consumers with high-quality, convenient, and nutritious food options.
Products Offered
Conagra Brands offers a diverse range of canned food products, including Plant-Based Chick’n Noodle Soup, which is a vegan alternative to the classic chicken noodle soup. This product is made with high-quality ingredients and offers a convenient and nutritious meal option. Other notable products include canned vegetables, soups, and sauces, all designed to meet the changing dietary needs and preferences of consumers. Conagra Brands continues to innovate and expand its product offerings to stay ahead in the competitive food industry.
Campbell Soup
Company Profile
Campbell Soup Company, founded in 1869, is a globally recognized food company headquartered in Camden, New Jersey. Campbell Soup is known for its extensive range of food products, including soups, sauces, and beverages. The company’s manufacturing facilities are primarily located in North America, and its products are sold worldwide. Campbell Soup is committed to providing high-quality, nutritious, and convenient food options to consumers.
Business Overview
Campbell Soup Company operates through several segments, including Americas Simple Meals and Beverages, and Global Biscuits and Snacks. The company’s product portfolio includes a wide range of iconic brands such as Campbell’s condensed and ready-to-serve soups, Swanson broth and stocks, Prego pasta sauces, Pace Mexican sauces, and V8 juices. Campbell Soup is dedicated to innovation and sustainability, aiming to meet the evolving preferences of consumers while maintaining its commitment to quality and nutrition.
Products Offered
Campbell Soup offers a variety of canned food products, including its famous Campbell’s Condensed Tomato Soup. This product is made with high-quality ingredients and offers a comforting and nutritious meal option. Other notable products include canned soups, broths, and sauces, all designed to provide consumers with convenient and delicious meal solutions. Campbell Soup continues to innovate and expand its product offerings, introducing new flavors and healthier options to meet the changing dietary needs of consumers.
Kraft Heinz
Company Profile
The Kraft Heinz Company, founded in 2015 through the merger of Kraft Foods and Heinz, is one of the largest food and beverage companies in the world. Headquartered in Chicago, Illinois, Kraft Heinz has a global presence with manufacturing facilities in North America, Europe, and Asia. The company is known for its diverse portfolio of iconic brands and its commitment to innovation and sustainability.
Business Overview
Kraft Heinz operates through several segments, including North America, Europe, and Asia. The company’s product portfolio includes a wide range of food and beverage products, such as condiments and sauces, cheese and dairy, meals, meats, refreshment beverages, coffee, infant and nutrition products, and numerous other grocery items. Kraft Heinz is dedicated to providing consumers with high-quality, nutritious, and convenient food options. The company is also committed to sustainability and reducing its environmental impact.
Products Offered
Kraft Heinz offers a variety of canned food products, including Heinz Beanz, which are a popular choice for consumers looking for a convenient and nutritious meal option. These beans are made with high-quality ingredients and are free from artificial preservatives, colors, and flavors. Other notable products include canned soups, sauces, and meats, all designed to provide consumers with convenient and delicious meal solutions. Kraft Heinz continues to innovate and expand its product offerings, introducing new flavors and healthier options to meet the changing dietary needs of consumers.