Global Canned Fruits Market 2016-2020
About Canned Fruits
Fresh foods, especially fruits and vegetables, usually have a shelf life of a few days, after which they are unfit for consumption. The canning process enables storage of such foods for longer periods. It involves heating food packed in containers to high temperatures to destroy the microbes that cause deterioration. This also locks in the nutrients and prolongs shelf life. Canned fruits can be transported to different regions where they are not grown. Consumers thus have the option of trying a wide assortment of fruits, which would not be possible if not for canning. Canned fruits are therefore gaining popularity despite being a more expensive alternative to fresh fruit.
Technavio’s analysts forecast the global canned fruits market to grow at a CAGR of 4% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global canned fruits market for 2016-2020. To calculate the market size, the report considers the revenue generated from the retail sales of canned fruits.The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Canned Fruits Market 2016-2020
Technavio recognizes the following companies as the key players in the global canned fruits market: CHB Group, Del Monte Foods, Dole Food Company, Kraft Heinz, Rhodes Food, and Seneca Foods.
Other Prominent Vendors in the market are: AYAM, Delicia Foods, La Doria, Langeberg and Ashton Foods, Shanghai Maling Aquarius, and Zanlakol.
Commenting on the report, an analyst from Technavio’s team said: “One trend that will gain traction in the global canned fruits market is increase in demand for private label brands. Worldwide, the number of private-label brands for canned fruits has increased with the growth in organized retail. Private labels of retailers account for more than one-third of the market share. Grocery retailers realize greater profit margins with their private-label products than with the bigger national brands. Private labels therefore are more reasonably priced and affordable to consumers. Despite the cost advantage, consumers look for quality and safety in the private-label products.”
According to the report, extensive scope through organized retailing will drive growth in the global canned fruits market. Supermarkets and hypermarkets stock a wide array of products and brands in their stores and afford consumers the ease of quickly evaluating all options before making a purchase. Consumers therefore increasingly prefer to shop at such stores. Major canned fruit vendors therefore compete for shelf space in these large stores.
Further, the report states that Intense competition from fresh fruits. Fruits are best eaten fresh, in their natural form, without added sugars, salts, or preservatives. Canning involves some processing of the fruits, which can potentially alter their nature. Fruits lose much of their nutrients, especially vitamins, when heated or frozen. Heating destroys about one-third to one-half of certain vitamins and minerals but once canned, the loss is minimal. Heating also diminishes much of the antioxidant content in fruits.
CHB Group, Del Monte Foods, Dole Food Company, Kraft Heinz, Rhodes Food, Seneca Foods, AYAM, Delicia Foods, La Doria, Langeberg and Ashton Foods, Shanghai Maling Aquarius, Zanlakol.
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