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Yahoo
17-04-2025
- Business
- Yahoo
Canned Food Market Size to Achieve USD 181.66 Billion by 2034
According to Towards FnB, the global canned food market size is anticipated to reach approximately USD 181.66 billion by 2034 and is projected to grow from USD 127.63 billion in 2025. The industry is expected to grow at a compound annual growth rate (CAGR) of 4% over the next decade. Ottawa, April 17, 2025 (GLOBE NEWSWIRE) -- The global canned food market size was calculated at USD 122.72 billion in 2024 and is expected to expand from USD 127.63 billion in 2025 to approximately USD 181.66 billion by 2034 with a CAGR of 4% during the forecast period from 2025 to 2034, a study published by Towards FnB a sister firm of Precedence Research. The increased need for better nutrition and the safest forms of food packaging accelerates the growth of the canned food market. Explore All the Details in Our Solutions – Download the Brochure Now: Market Overview The canned food refers to the processed food from good-quality raw ingredients in a sterile environment. The low-acid canned foods are important than acidified and acid canned foods. The canned foods provide a good source of vitamins, minerals, and proteins. The processing, sealing, and heating methods make them more ideal for storing vegetables, fruits, syrups, food items, etc. They are playing a crucial role in the overall healthy diet intake in the lives of billions of people across the globe. Campbell Soup Company (United States), Conagra Brands, Inc. (United States), Nestlé (Switzerland), and Danish Crown AmbA (Denmark) are some of the leading players committed to transforming the canned food market. In May 2024, Del Monte Foods, Inc. entered into a partnership with Jodie Burrage to promote the benefits of incorporating canned fruits into a daily lifestyle and nutritious diet. In October 2024, Himalaya Food International Ltd. announced the launch of an advanced 10 MT/hour French fry line by March 2025. Latest Goods by the Leading Players Sr. No. Name of the Company Recent Launch 1 Walmart A Private-brand innovation called Bettergoods. 2 Conagra Brands, Inc. Meaty fuel-ups, satisfying salty snacks, and craveable sweet treats 3 Nestle The 'no refined sugar' variants of its Cerelac infant food 4 Del Monte Foods, Inc. Bubble Fruit® Gel 5 Ayam Brand Pulled Chicken Mayonnaise and Pulled Chicken Hot Chilli Canned Food Market Key Highlights: By region, Europe dominated the canned food market with the highest share of 38% in 2024. By region, Asia Pacific expects the fastest growth in the market during the forecast period. By product, the canned fruits and vegetables segment registered the maximum market share of 31% in 2024. By product, the canned fish and seafood segment anticipated to grow at the noteworthy CAGR of 3.5% during the forecast period. By type, the conventional canned food segment generated the maximum market share of 89% in 2024. By type, the organic canned vegetables segment expects a substantial growth in market during the forecast period. By distribution channel, the retail distribution channel segment captured the maximum market share of 69% in 2024. By distribution channel, the online channel segment expects the fastest-growth in the market during the forecast period. Major Key Trends in the Canned Food Market Responsible Product Marketing: The leading companies like Nestle aim to encourage healthy lifestyles through responsible marketing. For this purpose, they provide easy-to-understand information, front-of-pack nutritional labelling, etc. They also provide guidance about portion size and nutritious recipes. The brands can help consumers in making informed choices about balanced diets. Product Brands: There are various brands of Nestle, such as Aero, Alpo, Bakers, Bear Brand, Beneful, Boost, Cerelac, etc., that are available with high-quality ingredients and 100% balanced and nutritious diet contents. The establishment of brand loyalty among consumers is becoming important. Sustainability: The companies believe in the importance of food to improve the quality of lives. Based on this belief, they stay committed to using sustainable resources, global scale, and expertise to encourage a healthier future for people and the planet. Waste reduction, climate action, responsible business, etc., fuel environmental sustainability. Limitations & Challenges in the Canned Food Market Processes Applied for Food Safety: The sterilization method is applied for canned fruits, ravioli, tuna, etc., which can change the taste and appearance of products. There can be a loss of heat-sensitive nutrients during sterilization. Food Fortification: Some people get impacted by the fortified foods due to several challenges associated with technical, capacity, and quality assurance aspects. It is needed to scale up the fortification programs. It becomes challenging with limited resources. Reformulation of Food: This method imposes challenges for food manufacturers to reduce or remove nutrients or ingredients from their products. It is essential to pay attention to maintaining the characteristics of products such as appearance, texture, taste, shelf life, and food safety during reformulation. Feel Free to Get in Touch with Us for Orders or Any Questions at: sales@ Development of Canned Food Platforms: Market's Largest Potential There are several key initiatives taken for food safety and processing in the recent year 2024. In November 2024, Zomato announced the launch of a new service called Food Rescue to help people reduce food waste. In December 2024, the State Government in Kolkata announced its plan to launch a new food processing unit in North Bengal to process maize and produce several products, including poultry feeds. On the occasion of the 2024 FAO and WHO World Food Safety Day Campaign, a new theme named Food Safety – Prepare for the Unexpected was launched. This initiative aims to explore the issues related to the unexpected food safety incidents, even in the case of taking any precautions. However, in November 2024, KSRTC reported the launch of 24 approved food halts for improved passenger dining. In June 2024, Nestle conducted its World Milk Day Campaign to prioritize family nutrition and milk consumption through the NutriKuat proposition. Del Monte Foods, Inc. surveyed on the most prominent topics, including nourishing the planet, nourishing people, and nourishing communities, to understand the importance of related issues to its business and stakeholders, including team members, community members, consumers, and customers. Canned Food Market Regional Analysis: Significant Government Incentives and Supportive Growth in Europe Europe dominated the canned food market in 2024. In November 2023, the European Commission announced the allocation of €185.9 million in 2024 to provide funds for promotional activities for high-quality EU agri-food products at home and abroad and achieve sustainability. The 2024 promotion policy work programme adopted by the European Commission aims to create new market opportunities. This policy framework considers the exports to current and rising markets, and contributions from stakeholders. The other sources to support competitiveness include the European Agricultural Fund for Rural Development (EAFRD) and the European Agricultural Guarantee Fund (EAGF). These EU initiatives are designed to enhance productivity, efficiency, and sustainability in the agricultural sector. The presence of the European Institute of Innovation and Technology in Food (EIT Food), the European Innovation Council (EIC), start-ups, and funding SMEs drives innovations and accelerates transition. Rapid Advances in European Countries United Kingdom: The Healthy Start Scheme helps people receive certain income-related benefits, especially for pregnant women who are 10 weeks pregnant and women having a child under four, to purchase milk and food. This scheme is available in England, Northern Ireland, and Wales. France: There are integrated food policies in South-Western France that are supported by the National programmes for food and nutrition. Food governance in France plays a major role in enabling the interactions between the food system and various policy domains concerned with food or impacted by food. Germany: According to the World Trade Organization, in January 2024, the German Ministry for Economic Cooperation and Development announced the donation of EUR 1.95 million to the Standards and Trade Development Facility (STDF) to increase the compliance of developing countries with international food safety, animal and plant health standards for trade. Asia Pacific is Anticipated to Experience Rapid Growth Asia Pacific is expected to witness the fastest rate of growth in the canned food market during the predicted timeframe. The Food Fortification Initiative (FFI) in Asia and the Pacific supports 10 countries, including Bangladesh, Indonesia, Malaysia, Sri Lanka, Viet Nam, Philippines, Mongolia, and Papua New Guinea. This support is provided based on their current needs regarding the national fortification. This FFI program resulted in a 77% reduction in the incidence rates of low serum folate levels, 14% reduction in neural tube defects among the entire population, and 75% among indigenous women. In October 2024, the Food and Agriculture Organization (FAO) of the United Nations for Asia Pacific focused on urgent action to protect the 'Right to Food'. Major Factors for the Growth of Canned Foods in the Asia Pacific The food insecurity challenges, high rates of malnutrition, and adverse impacts on the proper growth of children drive the need for canned foods in the market. The major role of Asia Pacific in the global agrifood systems, employing 793 million of the 1.2 billion people in the agricultural sector globally. This contributes to feeding the global population of over 8 billion. The technologies and innovations foster growth by providing new solutions to the complex problems in agrifood systems. Book a Meeting with Towards FnB and Boost Your Food and Beverage Business: Canned Food Market Report Scope Report Attribute Key Statistics Base Year 2024 Forecast Period 2025 to 2034 CAGR 4 % Market Size in 2024 USD 122.72 Billion Market Size in 2025 USD 127.63 Billion Market Size by 2034 USD 181.66 Billion Dominated Region Europe Canned Food Market Segment Insights Product Insights The canned fruits and vegetables segment dominated the canned food market in 2024. The exciting benefits of canned fruits and vegetables, such as nutritionally rich, cost-effective, affordable, quick, convenient, shelf-stable, safe, and free from pathogens, drive their huge adoption among most of the population. The richness of vitamins, minerals, and fibers provided by these food sources boosts their significance. The additional benefits of reducing the risks of certain health conditions like type 2 diabetes, heart disease, cancer, etc. are achieved by the intake of these food items. The canned Fish /seafoods segment is observed to be the fastest growing in the canned food market during the forecast period. They help people improve the required HDL cholesterol and protect them against heart disease. These foods enriched with omega-3 fatty acids improve joint health and protect people against osteoarthritis due to their anti-inflammatory nature. Type Insights The conventional segment dominated the canned food market in 2024. The conventionally grown food provides the same amount of nutrition as organic food. The food wastage is reduced by the use of conventional foods. The processed foods help people preserve the nutritious products they love. The conventionally grown baby foods have several benefits including salt, sugar, and additives than homemade baby foods. The organic segment is seen to grow at the fastest rate in the canned food market in the upcoming years. Organic foods help people stay away from cancer, called non-Hodgkin lymphoma. They help pregnant women stay healthy. They provide a good source of plenty of vitamins, minerals, vegetables, whole grains, and fruits. Distribution Channel Insights The retail segment dominated the canned food market in 2024. The retail segment provides an easy buying experience, customer engagement, and personalization choices. The instant gratification, greater inventory options, targeted discounts, and price matching are the potential benefits of retail, driving its significant growth in the market. The options of using credit cards, facility amenities, and loyalty rewards boost its expansive reach in the market. The online segment is expected to witness the fastest rate of growth in the canned food market during the predicted timeframe. The online platforms offer enhanced time management skills, flexibility, improved virtual communication, and saved expenses. The improved digital skills and networking opportunities benefit people with promising trading experience. Browse More Research Reports: The canned wines market size is expected to increase from USD 127.88 million in 2025 to USD 332.46 million by 2034, growing at a CAGR of 11.2% throughout the forecast period from 2025 to 2034. The superfoods market size is expected to grow from USD 201.17 billion in 2025 to USD 288.82 billion by 2034, at a CAGR of 4.10% during the forecast period from 2025 to 2034. The pet food market size is expected to increase from USD 113.02 billion in 2025 to USD 167.97 billion by 2034, growing at a CAGR of 4.50% throughout the estimated timeframe from 2025 to 2034. The probiotic food market size is expected to increase from USD 114.18 billion in 2025 to USD 377.2 billion by 2034, growing at a CAGR of 14.20% throughout the estimated timeframe from 2025 to 2034. The ethnic food market size is forecasted to expand from USD 93.47 billion in 2025 to USD 179.21 billion by 2034, growing at a CAGR of 7.50% from 2025 to 2034. The food additives market is forecast to grow from USD 128.14 billion in 2025 to USD 214.66 billion by 2034, driven by a CAGR of 5.90% during the forecast period from 2025 to 2034. The snack food market is expected to increase from USD 265.95 billion in 2025 to USD 468.76 billion by 2034, growing at a CAGR of 6.50% throughout the forecast period from 2025 to 2034. Major Market Players in the Canned Food Market Danish Crown AmbA Nestle Conagra Brands, Inc. Del Monte Foods, Inc. Ayam Brand Campbell Soup Company JBS USA Holdings, Inc. Holyland Marketing Private Limited Himalaya International Limited Recent Breakthroughs in the Canned Food Market In March 2025, Holyland Marketing Private Limited (Holy Land Group) and Nippon Kiz announced the launch of Holy Sauce during the grand celebration of Aahaar 2024 in India. In February 2025, JBS USA Holdings, Inc. announced the investment of $200 million at its beef production facilities in Texas, Cactus, Colo, and Greely. Segments Covered in the Report By Product Canned Fruits and Vegetables Canned Meat Products Canned Fish /Seafoods Canned Ready Meals Canned Condiments Others By Type Conventional Organic By Distribution Channel Food Service Retail Hypermarkets and Supermarkets Convenience Stores Online By Region North America U.S. Canada Mexico Asia Pacific China Singapore Japan India South Korea Thailand Europe Germany UK France Italy Spain Sweden Denmark Norway Latin America Brazil Mexico Argentina Middle East and Africa South Africa UAE Saudi Arabia Kuwait For Detailed Pricing and Tailored Market Report Options, Click Here: Feel Free to Get in Touch with Us for Orders or Any Questions at: sales@ Unlock expert insights, custom research, and premium support with the Towards FnB Annual Membership. For USD 495/month (billed annually), get full access to exclusive F&B market data and personalized guidance. It's your strategic edge in the food and beverage industry: About Us Towards FnB is a global consulting firm specializing in the food and beverage industry, providing innovative solutions and expert guidance to elevate businesses. With an in-depth understanding of the dynamic F&B sector, we deliver customized market analysis and strategic insights. Our team of seasoned professionals is committed to empowering clients with the knowledge needed to make informed decisions, ensuring they stay ahead of market trends. Partner with us as we redefine success in the rapidly evolving food and beverage landscape, and together, we'll navigate this transformative journey. Our Trusted Data Partners Precedence Research | Statifacts | Towards Packaging | Towards Automotive | Towards Chemical and Materials | Towards Consumer Goods | Towards Dental | Towards EV Solutions | Nova One Advisor | Healthcare Webwire | Packaging Webwire | Automotive Webwire For Latest Update Follow Us:
Wall Street Journal
04-03-2025
- Business
- Wall Street Journal
Store-Brand Supplier Feels the Pain as Shoppers Pull Back Even on Lower-Cost Groceries
First, shoppers squeezed by inflation began ditching name-brand snacks and drinks in favor of lower-price store brands. But now, with costs for coffee, eggs and other basic grocery items surging, consumers are cutting out many cheaper items as well. That has TreeHouse Foods, one of the country's largest manufacturers of private brands, feeling the pinch. The maker of cookies, crackers, coffee and other goods for retailers such as Walmart, Whole Foods, Trader Joe's and Target, gained ground in recent quarters as inflation pushed shoppers into cheaper food options. With sales growth now slowing significantly, TreeHouse is working to protect its margins by slashing costs and fine-tuning its list of products, anticipating that shoppers will remain stretched, at least for now. 'We don't have any strong indicators that consumers are going to be less stressed in the near term,' said TreeHouse finance chief Patrick O'Donnell. 'If that's not true and it turns around, I think doing the cost work benefits you either way.' Grocery retailers typically rely on third parties like TreeHouse to make their store-branded items. With giants like Walmart, Kroger, Albertsons and Costco Wholesale boosting investments in their branded products, private labels were growing faster than name-brand goods heading into the pandemic. Then, consumers stuck at home with money to spend, went back to the national brands they were familiar with and that were, at times, more available on store shelves than some generic options. Lower-cost brands have seen a resurgence again for a couple of reasons. Aside from higher grocery prices squeezing shoppers, retailers are expanding their store-brand offerings. Walmart, for one, introduced a premium line of food called Bettergoods alongside its Great Value brand. Shoppers still want private-label chips, cookies and crackers, but their appetite for them is slowing, TreeHouse executives said recently. Industrywide, private-label unit sales in categories where TreeHouse sells its products, which also include pickles, candy, nondairy creamer and in-store bakery goods, grew 0.6% for the three months ended in late December, compared with a year earlier. Unit sales were up 4.5% in the first three months of last year, according to TreeHouse. 'People continue to move to private labels, and we're taking some share, but you're just seeing lower category growth,' O'Donnell said. 'So we're pivoting a little bit of the mentality, at least in the near term, to say, 'The consumer is uncertain, let's go control the things we can control to help drive profit.'' That means slashing supply-chain spending in a few ways. TreeHouse is working with suppliers of ingredients and packaging materials to bring costs down. The company is also speeding up the time it takes to produce sweets, snacks and drinks in its factories with efficiencies such as automated case packing. TreeHouse aims to reduce its gross supply-chain costs by $250 million over a period of four years ending in 2027. Meanwhile, prices and packaging are under the microscope to ensure customers get the size offerings and price variety they want, as is TreeHouse's list of products. In some areas, the company is expanding. These include its approximately $100 million acquisition of certain coffee operations from Farmer Brothers in 2023 and its roughly $205 million purchase of Harris Tea, which closed in January. Meanwhile, TreeHouse is getting out of some businesses, most recently exiting from a ready-to-drink business that O'Donnell said largely consists of discretionary purchases for consumers and is an area where branded labels have a better foothold. 'You may see us step away from a few things in the year,' according to the CFO. This will likely affect specific products rather than overall categories, he said, declining to provide specifics. Analysts are looking for smoother operations from TreeHouse. After taking its broth facility offline for maintenance and upgrades in 2023, the company struggled to bring it back to full production, weighing on sales. A voluntary recall of frozen griddle products such as waffles added another drag. Net sales in the quarter ended in December were down 0.6%, the fifth consecutive quarter of declines. 'They need to execute better,' said William Blair research analyst Jon Andersen. 'No more plant-related issues. No more recalls.' The company's focus this year on eliminating costs and improving profitability, while not racing to drive sales at any cost, makes sense in a softer demand environment, analysts said. That means slower growth: TreeHouse expects adjusted net sales in the first three months of the year to be down around 3.5% compared with a year earlier. But it is a needed, and temporary, pivot, according to Andersen. 'You have to live with the environment you're operating in,' he said. 'And that's what they've done this year.' Write to Jennifer Williams at
