Canned Meat Companies
Canned meat is a convenient, long-lasting protein source. Perfect for emergencies or quick meals, it retains flavor and nutrition. From chicken to beef, it offers versatility and ease in various culinary applications.
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The competitive landscape of the canned meat market is shaped by a mix of established players and ongoing trends in consumer preferences, global supply chain dynamics, and sustainability considerations. To provide a comprehensive understanding of the competitive scenario in this sector, an analysis is required, including the strategies adopted, market share factors, news related to emerging companies, industry trends, current investment patterns, and the overall competitive landscape. Key players in the canned meat market have strategically positioned themselves to navigate challenges associated with supply chain disruptions, shifting consumer demands, and regulatory requirements.
Key Players:
American Tuna Inc.
Wild Planet Foods
Bumble Bee Seafoods
Maruha Nichiro Corporation.
Vion Food Group
Strategies Adopted:
The canned meat market revolve around supply chain resilience, product diversification, and brand positioning. Hormel Foods Corporation, for instance, has focused on building a robust and flexible supply chain, allowing the company to adapt swiftly to changes in demand and mitigate the impact of supply chain disruptions. Conagra Brands has adopted a strategy of product diversification, expanding its canned meat product range to include various meat types and flavor profiles to cater to diverse consumer tastes. Keystone Foods emphasizes brand positioning, marketing its canned meat products as high-quality and convenient protein sources. Emerging companies like Canned Foods Limited differentiate themselves through a focus on local sourcing, sustainability, and lean manufacturing practices.
Market Share Analysis:
The canned meat sector involves evaluating factors such as brand recognition, product quality, supply chain efficiency, and distribution capabilities. Established players like Hormel Foods Corporation and Conagra Brands, with their strong brand presence and global distribution networks, often command a significant market share. Emerging companies strive to gain market share by focusing on sustainable sourcing, offering unique meat varieties, and optimizing production processes for cost efficiency. Market share dynamics are also influenced by factors such as pricing strategies, marketing effectiveness, and the ability to adapt to evolving consumer preferences for convenience and versatility in food products.
News & Emerging Companies:
Recent news in the canned meat market includes the emergence of new companies and strategic collaborations. Emerging companies such as Canned Foods Limited and Zwanenberg Food Group have gained attention by introducing innovative canned meat formulations, often incorporating unique seasonings and preparation methods. Collaborations between canned meat manufacturers and e-commerce platforms have become a notable trend, expanding the market reach of canned meat products to online consumers. Additionally, news surrounding the development of reduced sodium and preservative-free canned meat options reflects the industry's response to health-conscious consumer trends and the demand for cleaner ingredient labels.
Industry Trends:
The industry is currently witnessing investment trends focused on technology adoption, sustainability initiatives, and marketing strategies. Key players are investing in advanced manufacturing technologies, including automation and robotics, to enhance production efficiency and meet the increasing demand for canned meat products. Investments in sustainability initiatives include efforts to optimize packaging materials, reduce food waste, and explore alternative protein sources to align with environmental and ethical considerations. Moreover, there is a trend towards investing in digital marketing initiatives, including social media campaigns and influencer partnerships, to connect with a broader consumer base and communicate the benefits of canned meat as a convenient and versatile food option.
Competitive Scenario:
The canned meat market is characterized by the industry's response to changing consumer lifestyles, sustainability concerns, and the need for convenient and shelf-stable protein sources. Established players leverage their global reach, supply chain expertise, and commitment to sustainability to maintain market share. Emerging companies focus on innovation, sustainable practices, and local sourcing to capture market segments that prioritize ethical and locally produced food options. The market is influenced by factors such as shifts in dietary habits, the rising importance of sustainability in food choices, and the increasing demand for on-the-go meal solutions. As the canned meat industry continues to evolve, the demand for high-quality, sustainable, and convenient products provides significant growth opportunities for both established and emerging players.
Recent Development
The canned meat market was the industry-wide commitment to reducing the environmental impact of packaging. Major players collaborated to adopt more sustainable packaging solutions for canned meat, including the exploration of recyclable materials and the reduction of packaging waste. This development showcased the industry's acknowledgment of environmental concerns and the collective effort to align with broader sustainability goals.
Furthermore, there was a notable initiative focused on addressing the nutritional aspects of canned meat products. Key players collectively invested in research and development to enhance the nutritional profile of canned meats, including the reduction of sodium content and the exploration of alternative preservation methods. This development reflected the industry's response to consumer demands for healthier options within the convenience food segment. The competitive landscape in 2023 demonstrated a balance between established players adapting to sustainability standards and emerging companies driving innovation, resulting in a dynamic and competitive canned meat market.
Global Canned Meat Market Overview
Canned Meat Market Size was valued at USD 11.5 billion in 2022. The Canned Meat market industry is projected to grow from USD 11.776 Billion in 2023 to USD 13.576 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 2.40% during the forecast period (2023 - 2030). For people who are busy and want something quick to prepare and eat. Canned meat is quickly sold and eaten these are the key market drivers enhancing the market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Canned Meat Market Trends
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Increase in demand for prepared meat & seafood to boost market growth
Many drivers of Market Growth influence the present Canned Meat Market. For example, people in urban regions opting for canned alternatives to fresh meat are a significant driver of Market Growth. A busy lifestyle in urban regions and its pace has prompted citizens to opt for quickly made food alternatives. Since canned meat is a good source of protein and is ready to eat, people prefer to eat it more. The demand for canned meat items in urban and semi-urban areas is a significant driver of the Canned Meat Market because of its convenience and affordability. The Market accounted for nearly one-third of the primary canned food market in 2018, indicating the prolonged popularity of canned meat. For the expansion of Market Size, there are numerous market chances. The increased public knowledge of the advantages of canned meat represents one of the key business prospects. Consumers are becoming more aware of the ease of eating beef from a can and the nutritional benefits it brings to the table. The myth that canned meat is unhealthy and shouldn't be consumed frequently is dissipating. As a result, more individuals are willing to try meat in a can. Sales will increase during the market forecast period due to this rising awareness trend.
Therefore, canned meat is easily sold and eaten. For people who are busy and want something quick to prepare and eat the canned meat which enhanced the market CAGR across the globe in the recent years.
However, Canned meat is a major sector of the processed food industry as people worldwide eat canned meat from time-to-time factor driving the growth of the Canned Meat market revenue.
Canned Meat Market Segment Insights
Canned Meat Type Insights
The Canned Meat market segmentation, based on By Type, includes Pork, Poultry, Beef, Seafood, Others. The pork Canned Meat segment held the majority share in 2022 contribution in respect to the  Canned Meat market revenue. The pork segment will also see the highest individual growth rate in the Market forecast period. For the expansion of Market Size, there are numerous market chances. The increased public knowledge of the advantages of canned meat represents one of the key business prospects. Consumers are becoming more aware of the ease of eating beef from a can and the nutritional benefits it brings to the table. The myth that canned meat is unhealthy and shouldn't be consumed frequently is dissipating. As a result, more individuals are willing to try meat in a can. Sales will increase during the market forecast period due to this rising awareness trend.
December 2021: Tyson Foods Inc. planned to spend more than $1.3 billion to increase automation in meat plants over the next three years. This will help the company grow and increase its production capacity.
August 2021: Bolton Group, an Italian manufacturer of consumer products, acquired Wild Planet Foods for an undisclosed amount. This acquisition strengthens Bolton Group by increasing its presence in the US tuna market, and both the companies will work together to develop a responsible supply chain of excellence. Wild Planet Foods is a US-based manufacturer of canned meat.
Figure 2: Canned Meat Market, by Type,2022& 2030 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst ReviewCanned Meat by Distribution Channel Insights
Based on Distribution Channel, the Canned Meat industry has been segmented into Store-Based, Non-Store-Based. In 2022, the distribution channel category for supermarkets and hypermarkets dominated the market and contributed more than 40% of total revenue. By offering a variety of items, supermarkets, and hypermarkets are one of the major distributors of Canned Meat industry. As a result, more consumers worldwide are drawn to this distribution channel.
October 2021 : The Better Meat Co., a US-based food processing company, joined forces with Hormel Foods Corporation, a canning company. Using The Better Meat Co.'s ground-breaking Rhiza mycoprotein component, the two businesses will collaborate to create the next generation of delicious, healthy, and sustainable alternative protein products.
May 2021:Â Tyson Foods, a US-based manufacturer and distributor of canned meat, joined forces with Dada Group, a China-based on-demand delivery and retail platform. Thanks to this agreement, Data Group will take the lead in China's on-demand retail market for the fresh meat category.
Canned Meat Regional Insights
By Region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. North America Canned Meat market accounted for USD 11.5 billion in 2022 and is expected to exhibit a significant CAGR growth during the study period. This is attributed to people who are busy and want something quick to prepare and eat. Canned meat is quickly sold and eaten across the region.
Further, the major countries studied in the market report are: The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.Figure 2: CANNED MEATMARKET SHARE BY REGION 2022 (%)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe Canned Meat market accounts for the second-largest market share due to the availability of the increased public knowledge of the advantages of canned meat represents one of the key business prospects. Consumers are becoming more aware of the ease of eating beef from a can and the nutritional benefits it brings to the table. Further, the Germany Canned Meat market held the largest market share, and the UK Canned Meat market was the fastest growing market in the European region
The Asia-Pacific Canned Meat Market is expected to grow at the fastest CAGR from 2022 to 2030. This is due to development in the food processing industry, increasing regional product demand. Moreover, China Canned Meat market held the largest market share, and the Japan Canned Meat market was the fastest growing market in the Asia-Pacific region
For instance, India Canned Meat market is also booming due to the development in the food processing industry, increasing regional product demand. Hence, Asia-Pacific is anticipated to register the highest growth rate over the forecast period from 2022–2030.
Canned Meat Key Market Players & Competitive Insights
Major market players are spending a lot of money on R&D to increase their product lines, which will help the Canned Meat market grow even more. Market participants are also taking a range of strategic initiatives to grow their worldwide footprint, with key market developments such as new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the Canned Meat industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.
One of the primary business strategies adopted by manufacturers in the Canned Meat industry to benefit clients and expand the market sector is to manufacture locally to reduce operating costs. In recent years, Canned Meat industry has Changing lifestyles and tastes of consumers along with demographic growth are driving the food processing industry significant benefits. The Canned Meat market major player such as 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 are working to expand the market demand by investing in research and development activities.
The Bolton Group is an Italian conglomerate that sells products under more than fifty brands. Bolton Group is a multinational company that has been producing and distributing a wide range of innovative, sustainable and high-quality branded consumer products. Bolton Group, an Italian manufacturer of consumer products, acquired Wild Planet Foods for an undisclosed amount. This acquisition strengthens Bolton Group by increasing its presence in the US tuna market, and both the companies will work together to develop a responsible supply chain of excellence. Wild Planet Foods is a US-based manufacturer of canned meat
Tyson Foods, Inc. is an American multinational corporation, based in Springdale, Arkansas, that operates in the food industry. The company is the world's second-largest processor and marketer of chicken, beef, and pork after JBS S.A. It annually exports the most significant percentage of beef out of the United States. Tyson Foods, a US-based manufacturer and distributor of canned meat, joined forces with Dada Group, a China-based on-demand delivery and retail platform. Thanks to this agreement, Data Group.
Key Companies in the Canned Meat market includes
- American Tuna Inc.
- Wild Planet Foods
- Bumble Bee Seafoods
- Maruha Nichiro Corporation.
- Vion Food Group
Canned Meat Industry Developments
October 2021: The Better Meat Co., a US-based food processing company, joined forces with Hormel Foods Corporation, a canning company. Using The Better Meat Co.'s ground-breaking Rhiza mycoprotein component, the two businesses will collaborate to create the next generation of delicious, healthy, and sustainable alternative protein products.
May 2021:Â Tyson Foods, a US-based manufacturer and distributor of canned meat, joined forces with Dada Group, a China-based on-demand delivery and retail platform. Thanks to this agreement, Data Group will take the lead in China's on-demand retail market for the fresh meat category.
Canned Meat Market Segmentation
Canned Meat Type Outlook
- Pork
- Poultry
- Beef
- Seafood
- Others
Canned Meat By Distribution Channel Outlook
- Store-Based
- Non-Store-Based
Canned Meat Regional Outlook
- North America
- US
- Canada
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Australia
- Rest of Asia-Pacific
- Rest of the World
- Middle East
- Africa
- Latin America
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