The Canned Meat industry is anticipated to experience a compound annual growth rate (CAGR) of 2.5% from 2020 to 2030. For individuals who are occupied and require a fast meal to prepare. The primary market drivers that contribute to the development of the canned meat industry are its rapid sale and consumption.
The canned meat market is a sector of the food industry that specializes in the production and sale of meat products that are preserved in metal receptacles. Various varieties of meat, including beef, pork, chicken, turkey, and fish, are included in canned meat products. These meats are cooked, seasoned, and occasionally combined with other ingredients, such as vegetables, sauces, or spices. Canned meat products are a popular choice among consumers who desire a fast and satisfying meal due to their convenience, shelf-stability, and ease of preparation. Consumer preferences, health awareness, environmental concerns, and the availability of basic materials are all factors that influence the canned meat market. The tinned meat market is also influenced by the trends and innovations in the processing, packaging, and distribution of meat products.
The current Canned Meat Market is influenced by a variety of market growth drivers. For instance, individuals in urban areas are a substantial factor in the growth of the market, as they prefer tinned alternatives to fresh meat. In urban areas, the fast pace of life has led residents to choose food alternatives that are prepared rapidly. People are inclined to consume tinned meat on a regular basis due to its convenience and protein content. The Canned Meat Market is significantly influenced by the demand for canned meat items in urban and semi-urban areas, as well as its affordability and convenience.
Market segment insights
Pork, poultry, beef, seafood, and others comprise the Canned Meat market segmentation by type.
The Global Canned Meat Market is segmented into the following categories: Supermarkets & Hypermarkets, Convenience Stores, Specialty Stores, Online, and Others. This analysis is based on the distribution channel.
Regional Perspectives
The study offers market insights for North America, Europe, Asia-Pacific, and the Rest of the World by region. It is anticipated that the North American canned meat market will experience a substantial compound annual growth rate (CAGR) during the study period. This is ascribed to individuals who are preoccupied and require a quick meal to prepare. Canned meat is promptly consumed and sold throughout the region.
The second-largest market share in the European tinned meat market is attributed to the increased public awareness of the benefits of canned meat, which is one of the primary business opportunities. Consumers are increasingly cognizant of the nutritional advantages and convenience of consuming beef from a can.
By 2030, the Asia-Pacific Canned Meat Market is anticipated to experience the most rapid rate of growth. This is the result of the food processing industry's expansion, which has led to a rise in the demand for regional products.
Significant Organizations
In the Canned Meat market, the following are the major players: American Tuna, Inc. (US), Wild Planet Foods (US), Bumble Bee Seafoods (US), Maruha Nichiro Corporation (Japan), Vion Food Group (Netherlands), Hormel Foods Corporation (US), JBS (Brazil), Meat Maniac (US), Premium Iowa Pork (US), Nordic Seafood A/S (Denmark), and others.
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