Canned Meat Market Research Report - Global Forecast till 2027

Global Canned Meat Market Research Report: Information By Meat Type (Pork, Poultry, Beef, Seafood, Others), Distribution Channel (Store-Based, Non-Store-Based), By Region - Forecast till 2027

ID: MRFR/F-B & N/8834-HCR | February 2021 | Region: Global | 90 pages

Market Scenario


Global Canned Meat Market size is projected to reach approximately USD 12 Billion by 2026, at a CAGR of 4.5% from 2020 to 2026.  Canned meat products are prepared by hermetically sealing the product in the container and thermal processing to destroy spoilage microorganisms. Growing awareness among the consumers regarding the nutrition of canned meat is expected to fuel the growth of the global canned meat market. Canned meat is also known as thermally processed meat and is classified into two categories sterilized products and pasteurized products. According to the Food & Agriculture Organization of the United Nations (UN FAO), it is predicted that the demand for global seafood will exceed 210 million tons by 2030. The demand for canned meat is booming across the globe. On July 2020, in the US, the sales of canned meat surged by 70%. Manufacturers are expanding their product portfolio by introducing canned meat in the market. For instance, in 2018, Hormel Foods has expanded its meat offering in the US with the launch of canned chili. Overall, the global outlook of canned meat is expected to remain positive during the forecast period.


The COVID-19 outbreak has turned the lives of the people upside down around the globe and has impacted various industries. The pandemic has impacted the supply chain of canned meat, as many countries are lockdown and have sealed their borders to curb the spread of the novel coronavirus. Strict containment measures imposed by the government of various countries and preventive measures to control the impact of the outbreak have led to a significant restriction in transportation.


Market Synopsis


Global Canned Meat Market has witnessed high growth in recent years. Growth in awareness among consumers regarding the nutrition of canned food is the major factor driving the growth of the global canned meat market. Increasing popularity of ready-to-cook meat and seafood among the consumers is driving the growth of the global canned meat market. With the rise in health concerns, consumers are increasing spending on canned meat, which offers lucrative growth opportunities for canned meat manufacturers.


Market USP


Increase in demand for prepared meat & seafood


Market Drivers



  • Increase in demand for prepared meat & seafood: The demand for ready-to-eat meat and seafood is growing .  The availability of convenient food options such as ready-to-eat and ready-to-serve has fueled the demand for canned meat among the consumers.

  • Long Shelf-Life by Canned Meat

  • Strong Performance of Food Service Industry

  • Effective marketing strategies

  • Advent of eCommerce platforms


Market Restraints



  • Risk of Food Contamination & Diseases

  • Regulatory Framework


Segmentation


By Meat Type



  • Pork: According to the United Nations of Food & Agriculture Organizations, pork is the most widely-eaten meat in the world. By meat type, pork is expected to be the fastest-growing segment during the forecast period.

  • Poultry:

  • Beef:

  • Seafood:

  • Others


By Distribution Channel



  • Store-Based: The majority of canned meat is sold through store-based retailers. This segment has been further divided into supermarkets & hypermarkets, convenience stores, and others. The supermarkets & hypermarkets segment dominated the market in 2019 and is anticipated to dominate during the forecast period.

  • Non-Store-Based


By Region



  • North America: North America dominated the global canned meat market in 2019 with the increase in awareness of the health benefits of canned meats among the consumers. The US is the major market for canned meat in North America. This share is expected to increase rapidly during the forecast period with frequent product innovations by several key players in the North America market.



  • Europe: Europe accounted for a substantial share of the canned meat market. The presence of the canned meat market in Germany, the UK, Denmark, and among other countries in Europe creates an opportunistic market for the existing players.



  • Increasing dependency of the consumers on processed food with higher shelf life has fueled the demand of canned meat in this region. Additionally, the advent of many f standardized, organized eCommerce channels in emerging economies, is expected to boost the demand for canned meat in Europe during the forecast period.



  • Asia-Pacific



  • Rest of the World


Key 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)



Report Scope:
Report Attribute/Metric Details
  Market Size

  • 2026: USD 12 Billion
  • 2027: Significant Value
  •   CAGR   4.5% (2020-2027)
      Base Year   2019
      Forecast Period   2020-2027
      Historical Data   2018
      Forecast Units   Value (USD Billion)
      Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
      Segments Covered   Meat Type and Distribution Channel
      Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
      Key Vendors   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)
      Key Market Opportunities   rise in health concerns, consumers are increasing spending on canned meat
      Key Market Drivers

  • Increase in demand for prepared meat & seafood
  • Long Shelf-Life by Canned Meat
  • Strong Performance of Food Service Industry


  • Frequently Asked Questions (FAQ) :


    The canned meat market can rise at 4.5% CAGR by 2026.

    By 2026, the canned meat market can worth USD 12 Billion.

    American Tuna, Inc. (US), Bumble Bee Seafoods (US), and Wild Planet Foods (US) are some well-established canned meat market players.

    The surge in e-commerce platform to boost canned meat market.

    APAC canned meat market to rise in the assessment period.