Global Canned Food Market Report and Forecast 2024-2032

Global Canned Food Market Size

The global canned food market attained a value of about USD 111.04 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 4% to reach nearly USD 157.63 billion by 2032.

Canned Food Market Outlook

• Canned foods are the most recycled food package, with a recycling rate more than 2.5 times higher than most other packaging options.

• Canned fruits and vegetables have similar nutrient levels to fresh and frozen options, and in some cases are even more nutritious.

• Major players in the market include Campbell's, Del Monte, and Nestlé.

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Canned Food Market Growth

Canned food refers to food products that use canning as a food preservative method to extend the shelf life of fresh food products. It is as nutritious as fresh food and enhances the convenience of healthy food products. Moreover, canned food is cost-effective and durable, due to which it is increasingly used for food storage.

The increasing focus on reducing food wastage to boost sustainability and combat growing world hunger is surging the preference for food products with extended shelf stability. This, in turn, is increasing the demand for canned food that is non-perishable, which is augmenting the canned food market expansion.

Additionally, the availability of canned fruits and vegetables in versatile forms such as dice and pastes are increasing their incorporation in various food and beverage products. This is also increasing the consumption of diced and sliced canned food, which is further propelling the market’s growth.

Key Trends and Developments

High demand for organic and clean-label canned foods, rising need for ready-to-eat meals, and use of sustainable packaging materials are factors providing a favourable canned food market outlook

June 2024

Augason Farms has expanded its product line with 18 new offerings, including canned items such as canned black bean burger mix. This expansion caters to the growing demand for ready to eat meals among busy working population.

January 2024

A new study suggests that canned food can sometimes taste better than fresh ingredients when cooked in certain dishes like pie and curry. The study challenged the common perception that fresh ingredients are always superior to canned ones.

December 2023

The U.S. Department of Agriculture (USDA) purchased 405,000 pounds of wild salmon, including 153,520 cases of canned pink salmon and 252,000 pounds of wild frozen salmon fillets. The canned salmon was used in the National School Lunch Program and other nutrition assistance programs.

December 2021

Uber Eats made its first-ever delivery to space, where Japanese billionaire Yusaku Maezawa handed out canned Japanese dishes, including beef bowl, boiled mackerel, and braised pork, to astronauts at the International Space Station (ISS).

High demand for organic and clean-label canned foods

Consumers are demanding healthier and more sustainable canned foods, leading to a rise in organic and clean-label options. For example, ConAgra Brands and Kraft Heinz have introduced organic and additive-free canned food lines.

Rising need for convenience and ready-to-eat meals

The need for quick and easy meal solutions is driving the demand for canned ready-to-eat meals and snacks. Companies like Nestle and Del Monte Foods offer a range of ready-to-eat meals that cater to this demand.

Shift towards online food delivery and e-commerce

The shift to online shopping is transforming canned food sales as companies like Amazon and Instacart are partnering with canned food manufacturers to offer a wide range of canned food products online.

Focus on sustainable packaging

Consumers are seeking eco-friendly packaging, leading canned food makers to adopt recyclable materials. For instance, companies like CHB Group are using metal cans for their canned food products, which are fully recyclable.

Canned Food Market Trends

As canned food products are both healthy and cost-effective, they are increasingly consumed by masses of all ages, backgrounds, incomes, and geography, hence invigorating the market growth. Furthermore, the increasing use of canned food in food services such as fast-food chains and quick service restaurants (QSR) owing to the surging demand for rapid consumer services is fuelling the canned food market growth.

Moreover, with the heightened immunity and health consciousness since the pandemic, the consumption of canned pulses, canned seafood, and canned fish has surged. In addition, the spiked demand for canned food through online retail channels and development of canned food products with no sodium or sugar content can further bolster the growth of the market in the forecast period.

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Canned Food Industry Segmentation

The EMR’s report titled “Canned Food Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:

Market Breakup by Product Type

• Canned Fruits and Vegetables

• Canned Meat and Seafood

• Canned Ready Meals

• Others

Market Breakup by Type

• Organic

• Conventional

Market Breakup by Distribution Channel

• Supermarket/Hypermarket

• Convenience Stores

• E-commerce

• Others

Market Breakup by Region

• North America

• Europe 

• Asia Pacific 

• Latin America 

• Middle East and Africa 

Canned Food Market Share

Canned seafood is the largest revenue-generating product type, followed by canned meat, fruits, and vegetables

The canned fruits and vegetables segment, including canned tomatoes, corn, beans, peas is a major part of the market. Growth in this segment is driven by the convenience and year-round availability of canned produce, as well as increasing consumer demand for healthy options. Major players in this space include Del Monte Foods, Dole Food Company, and Bonduelle.

Another key segment is canned meat and seafood, which includes canned tuna, salmon, chicken, beef, and other protein-rich products. The long shelf life, convenience, and nutritional value of canned meat and seafood are fuelling growth in this category. Key companies operating here include Bumble Bee Foods, Chicken of the Sea, and Hormel Foods.

According to canned food market report, canned ready meals segment, encompassing canned soups, stews, chilis is also expanding rapidly as these items are ready to heat and serve. Busy consumers are driving demand for these convenient meal options, especially in urban areas. Major players in canned ready meals include Campbell Soup Company, Progresso, and Heinz.

Organic segment is growing rapidly, driven by consumer demand for healthier and more sustainable food options

Organic canned fruits, vegetables, meats, and ready meals are popular among health-conscious consumers as they are minimally processed, additive-free, and environmentally friendly. Key players in this segment include Amy's Kitchen, Bionaturae, and Muir Glen (owned by General Mills).

Conventional canned foods, on the other hand, still dominate the canned food market share as they offer long shelf life, convenience, and affordability. Major players in this segment include Kraft Heinz, Del Monte Foods, and Conagra Brands. Moreover, conventional canned fruits, vegetables, meats, and prepared meals are staples in many households and foodservice operations, further driving their market share.

Leading Manufacturers in the Canned Food Market

Market players are expanding their online and e-commerce presence to capitalise on the rise in online food delivery and the shift towards ready-to-eat canned meals

ConAgra Brands, Inc. is a leading food company that operates in the Nebraska, United States and internationally. Founded in 1919, the company offers a diverse portfolio of consumer and commercial food brands, including Marie Callender's, Healthy Choice, and Orville Redenbacher's.

The Kraft Heinz Company is a multinational food and beverage corporation formed by the merger of Kraft Foods Group and H.J. Heinz Holding Corporation in 2015. The company is headquartered in Illinois and Pennsylvania, United States. It has a portfolio of well-known brands such as Kraft, Heinz, and Oscar Mayer.

Nestle S.A. is a multinational food and beverage corporation that operates globally. Founded in 1866, its headquarters are in Vaud, Switzerland. The company is one of the largest food companies in the world, with a diverse portfolio of brands including Nescafe, Gerber, and Purina.

Del Monte Foods, Inc. is a leading producer of consumer and commercial food products. Founded in 1886, its headquarters are in California, United States. The company's portfolio includes brands such as Del Monte, Contadina, and College Inn, among others.

Other key players in the global canned food market include Princes Foods, and CHB Group, among others.

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Canned Food Market Analysis by Region

North America leads the market due to the changing consumer preferences and rising demand for canned peaches, tomatoes, and pineapples

The North American market for canned food is driven by the high demand for canned food products such as canned fruits and vegetables, canned meat and seafood, and canned ready meals. Key market players that have presence in NA are also driving market growth through product portfolio expansion. For instance, Campbell Soup Company has been expanding its product portfolio by introducing organic and non-GMO options, to cater to changing consumer preferences.

However, the North American canned food market also faces some challenges, such as trade barriers and tariffs imposed by the United States on imported goods from other countries, stringent food safety regulations, and environmental concerns related to packaging and waste management. Meanwhile, Asia Pacific share is growing due to region’s large population base, rise of single-person households, and high demand for canned food options with organic ingredients and unique flavor profiles.

Key Highlights of the Report

Canned Food Market Report Snapshots

Canned Food Market Size

Canned Food Market Growth

Canned Food Market Trends

Canned Food Market Share

Canned Food Manufacturers

Canned Food Market Regional Analysis