Global Canned Foods Market to Reach US$182.4 Billion by 2030
The global market for Canned Foods estimated at US$136.7 Billion in the year 2024, is expected to reach US$182.4 Billion by 2030, growing at a CAGR of 4.9% over the analysis period 2024-2030. Canned Fish & Seafood, one of the segments analyzed in the report, is expected to record a 5.0% CAGR and reach US$58.6 Billion by the end of the analysis period. Growth in the Canned Ready Meals segment is estimated at 5.4% CAGR over the analysis period.
The U.S. Market is Estimated at US$39.6 Billion While China is Forecast to Grow at 5.9% CAGR
The Canned Foods market in the U.S. is estimated at US$39.6 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$22.8 Billion by the year 2030 trailing a CAGR of 5.9% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 4.0% and 4.5% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.3% CAGR.
Global Canned Foods Market - Key Trends and Drivers Summarized
Canned foods refer to food items that have been processed, sealed in an airtight container such as a can, and subjected to heat to kill bacteria, thereby prolonging shelf life while maintaining nutritional value. This method of preservation allows canned foods to be shelf-stable for extended periods, ranging from one to five years. The range of canned foods is extensive, including fruits, vegetables, meats, seafood, and ready-to-eat meals. This process of canning ensures that freshness, flavor, and nutritional quality are retained without the need for preservatives, making canned goods a staple in households worldwide for their convenience and durability.
The canned food market has adapted to changing consumer preferences and technological advancements. With a growing emphasis on health and wellness, manufacturers have been innovating their product lines to include organic ingredients, lower sodium, no added sugars, and non-GMO products. These healthier options cater to a broader audience, including those who are health-conscious but still value the convenience of canned foods. Technological improvements in canning processes have also enhanced the quality and safety of products. Innovations such as BPA-free linings and improved heat sterilization techniques have addressed consumer concerns about chemical leaching and food safety, further boosting the market`s growth potential. Moreover, the global rise in camping and outdoor activities has increased the demand for convenient, transportable, and easy-to-prepare food options, bolstering the popularity of canned foods.
The growth in the canned foods market is driven by several factors, including global urbanization, increased consumer awareness about waste reduction, and advancements in packaging technologies. Urban lifestyles often involve hectic schedules, leading consumers to seek convenient, quick meal solutions that do not require long preparation times—attributes that canned foods inherently possess. Furthermore, as awareness of environmental issues grows, more consumers are choosing canned foods due to their longer shelf life, which helps reduce food waste. Technological advancements in packaging, such as lightweight and recyclable materials, have made canned products more attractive by reducing the environmental impact and improving sustainability credentials. Additionally, economic factors such as rising disposable incomes in emerging markets are enabling more consumers to opt for the convenience of canned foods, thereby driving market expansion.
SCOPE OF STUDY:TARIFF IMPACT FACTOR
Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.
We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.
We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.
As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.
To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!
APRIL 2025: NEGOTIATION PHASE
Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.
JULY 2025 FINAL TARIFF RESET
Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.
Reciprocal and Bilateral Trade & Tariff Impact Analyses:
USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.
Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.
Please note: Reports are sold as single-site single-user licenses. Electronic versions require 24-48 hours as each copy is customized to the client with digital controls and custom watermarks. The Publisher uses digital controls protecting against copying and printing is restricted to one full copy to be used at the same location.Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook