About canned food
Canned food products refer to edible items that are processed, preserved, and packed in suitable airtight metal containers. Canned foods are consumed across the world because they require less time to cook, less storage space, and have a longer shelf life than fresh foods. Canned foods are preferred by the elderly and those with busy lifestyles.
Technavio's analysts forecast the canned food market in the US to grow at a CAGR of 1.69% and 1.39%, in terms of revenue and volume, respectively, over the period 2014-2019.
Covered in this report
This report covers the present scenario and growth prospects of the canned food market in the US for the period 2015-2019. To calculate the market size, the report considers revenue generated from the retail sales of canned foods. The market is further segmented on the basis of type and distribution channel.
Technavio's report, Canned Food Market in the US 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. It also covers the landscape of the canned food market in the US and its growth prospects in the coming years. The report also includes a discussion on the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Canned Food Market in the US 2015-2019
Technavio recognizes the following companies as the key players in the Canned Food Market in the US: Campbell Soup, ConAgra Foods, Del Monte Foods and Hormel Foods
Other Prominent Vendors in the market are: American Freedom, AYAM, Bonduelle, Canyon Creek Food, CECAB, Christian Potier, Danish Crown, Dole Food, General Mills, Grupo Calvo, H.J. Heinz, Hero, JBS, Nestle, Pars Market, Pinnacle Foods, Princes, Rema Foods, Shanghai Maling Aquarius and Tcu Pan Industrial
Commenting on the report, an analyst from Technavio’s team said: “Changing consumer attitudes and lifestyles are expected to lead the demand for canned food in the future. The majority of people in the US prefer canned and packaged foods because they are easy to prepare. Mid-lifers are also switching to canned food because of their increased workloads — often in addition to parenting children. The rising number of women who are working, longer working hours, and the increased disposable incomes of consumers are also increasing the demand for canned food. As a result of having busy lifestyles, consumers are choosing healthy canned food as an alternative to eating healthy fresh food because of the former's convenience.”
According to the report, the growth of the organized retail sector, will have a positive impact on the canned food market in the US during the forecast period. The growing customer base for canned food products has led to the increased availability of canned products in retail stores, from supermarkets and hypermarkets to pop-up stores, making it convenient for consumers to purchase them. The increasing availability of these products online is also influencing sales in the market. This increase in online retail is expected to drive the growth in the market. Online retail also provides vendors with the opportunity to obtain direct customer feedback.
Further, the report states that rise in cost of raw materials is a major hindrance in this market.
Campbell Soup, ConAgra Foods, Del Monte Foods, Hormel Foods, American Freedom, AYAM, Bonduelle, Canyon Creek Food, CECAB, Christian Potier, Danish Crown, Dole Food, General Mills, Grupo Calvo, H.J. Heinz, Hero, JBS, Nestle, Pars Market, Pinnacle Foods, Princes, Rema Foods, Shanghai Maling Aquarius, Tcu Pan Industrial