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.
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.
Increase in demand for prepared meat & seafood
By Meat Type
By Distribution Channel
|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||
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.