The global Canned Meat market size is expected to be worth around US$ 20.21 billion by 2030, according to a new report by Vision Research Reports.
The global Canned Meat market size was valued at US$ 14.68 billion in 2020 and is anticipated to grow at a CAGR of 3.2% during forecast period 2021 to 2030.
|Market Size||US$ 20.21 billion by 2030|
|Growth Rate||CAGR of 3.2% From 2021 to 2030
|Forecast Period||2021 to 2030|
|Segments Covered||Meat type, Distribution channel|
|Regional Scope||North America, Europe, Asia Pacific, Latin America, Middle East & Africa|
|Companies Mentioned||JBS; Hormel Foods Corp.; Tyson Foods, Inc.; Wild Planet Foods; Bolton Group; Vion Food Group; Mundella Foods; Campbell Soup Company; Smithfield Foods; Valleyfresh Global|
The growing popularity of processed food and increasing per capita spending along with rapid urbanization are expected to fuel the product demand across the world. The poultry segment accounted for the largest meat-type segment in the global market in 2020. The growing consumption of poultry meat across the world is expected to fuel the segment growth. Global poultry meat consumption in 2019 accounted for 128.7 million tons and reached 131.2 million tons in 2020. Canning has become a well-known technique for preserving meat that enables superior dispersion of meat supply throughout the year.
The supermarket & hypermarket distribution channel segment accounted for the maximum revenue share in 2020. With the young and metropolitan populace growing significantly across the world, product distribution through supermarkets and hypermarkets is expected to increase. The growing product distribution through online retailing channels is also expected to fuel the market growth.
By Meat Type Analysis
The poultry segment led the market and accounted for more than 41% share of the global revenue in 2020. Steadily increasing consumption of poultry meat is expected to fuel the demand for canned poultry meat during the forecast period.
The seafood segment is likely to expand at the fastest CAGR over the forecast period. The growing demand for processed seafood from developing countries is expected to drive the segment growth.
The processing levels of seafood in India are currently at 23%, which represents significant potential for seafood processing players. The increasing per capita seafood consumption is further expected to stimulate the demand for canned seafood.
By Distribution Channel Analysis
The supermarket & hypermarket distribution channel segment led the global market and accounted for more than 40% share of the overall revenue in 2020. Supermarkets & hypermarkets are one of the key distributors of canned meat providing a one-stop solution for consumers by offering various products, due to which this distribution channel attracts a larger chunk of consumers in the world.
Rapid growth in e-commerce, owing to wider distribution networks and product availability, generates significant opportunities for market players in the market and has influenced manufacturers to sell their products through online distribution channels.
By Regional Analysis
North America emerged as the largest regional market in 2020 and accounted for over 32% of the overall revenue share. The U.S. is one of the key countries in North America that has advanced significantly over the last few years when it comes to the food processing sector.
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The rapidly expanding food sector in countries, such as China, India, Japan, Indonesia, Vietnam, and Bangladesh, has resulted in the advancement in the food processing sector, thereby boosting the product demand in the region.
Hormel Foods Corp.
Tyson Foods, Inc.
Wild Planet Foods
Vion Food Group
Campbell Soup Company
By Meat Type
By Distribution Channel
Supermarket & Hypermarket
Central & South America
Middle East & Africa
The Canned Meat market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Canned Meat market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Canned Meat market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Canned Meat market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Canned Meat market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Canned Meat capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Canned Meat by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Canned Meat market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Canned Meat market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Canned Meat market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Canned Meat industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
Canned Meat market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Canned Meat market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Canned Meat market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Canned Meat market. These factors have benefited the growth of the global market for Canned Meat. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Canned Meat. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Canned Meat are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
The study objectives of this report are:
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