The global canned meat market is expected to exhibit strong growth, reaching USD 49.3 billion by 2030. As per the report titled "Canned meat Market Size, Share & COVID-19 Impact Analysis, By Type (Beef, Pig, Poultry Meat and Other Meats), By Distribution Channel (Supermarkets/Hypermarkets, Specialty Stores, Online Channel and Others), and Regional Forecasts, 2023-2030" observes that the market size in 2022 stood at USD 30.2 billion and USD 49.3 billion in 2030. The market is expected to exhibit a CAGR of 8.50% during the forecast period.
Ocean Brands, a Division of The Jim Pattison Group, Introduced its Ocean's Line of Affordable Canned Fish in the US
In September 2022, Ocean Brands, a well-known name in responsibly produced fish in Canada for more than 50 years, has introduced its Ocean's line of affordable canned seafood in the US. Eight different types of delectable Brisling sardine and mackerel fillet variants were introduced by Ocean's in partnership with the Matiz team. Ocean's fish are wild-caught in their prime, without any additives, using sustainable fishing techniques.
Expanding Market Driven by Growing Demand for Canned Seafood
The market for canned fish and seafood has steadily increased, particularly in western nations and Europe. Although canned seafood consumption is much lower in the remaining regions of Europe because most people there prefer to eat fresh seafood over frozen seafood, the demand for canned seafood is primarily driven by seafood that is not readily available locally. This is due to consumer awareness of the nutritional benefits of seafood as well as its convenience and long shelf life. Changing eating patterns are another factor encouraging people to switch to convenience foods like canned fish because they are thought to be safer and more convenient due to their longer shelf life.
Increasing Vegan Population to Limit Market Expansion
Healthy vitamins, minerals, and other nutrients that are necessary for a person's physical and mental growth can be found in canned beef. Yet canned meat contributes significantly to the promotion of animal cruelty. Several animals are killed and packed before being served on the plates of the consumers. The prevalence of veganism is on the rise as a result of the ongoing rise in awareness of animal cruelty. Vegans abstain from buying any goods that are obtained by mistreating animals.
Major Players Develop Acquisition Plans to Boost Brand Image
The leading businesses in the canned meat market plan acquisitions to improve their brand recognition globally. For instance, in May 2022, the Akutan facility will be replaced with a "next-generation processing complex" that Trident Seafood Corporation proposes to construct in Alaska's Aleutian Islands. The facility has doubled the amount of surimi it can produce and recovered secondary goods including pollock, roe, fishmeal, and fish oil in bigger quantities.
Recent Development:
Ocean Brands, a Division of The Jim Pattison Group, Introduced its Ocean's Line of Affordable Canned Fish in the US
In September 2022, Ocean Brands, a well-known name in responsibly produced fish in Canada for more than 50 years, has introduced its Ocean's line of affordable canned seafood in the US. Eight different types of delectable Brisling sardine and mackerel fillet variants were introduced by Ocean's in partnership with the Matiz team. Ocean's fish are wild-caught in their prime, without any additives, using sustainable fishing techniques.
Expanding Market Driven by Growing Demand for Canned Seafood
The market for canned fish and seafood has steadily increased, particularly in western nations and Europe. Although canned seafood consumption is much lower in the remaining regions of Europe because most people there prefer to eat fresh seafood over frozen seafood, the demand for canned seafood is primarily driven by seafood that is not readily available locally. This is due to consumer awareness of the nutritional benefits of seafood as well as its convenience and long shelf life. Changing eating patterns are another factor encouraging people to switch to convenience foods like canned fish because they are thought to be safer and more convenient due to their longer shelf life.
Increasing Vegan Population to Limit Market Expansion
Healthy vitamins, minerals, and other nutrients that are necessary for a person's physical and mental growth can be found in canned beef. Yet canned meat contributes significantly to the promotion of animal cruelty. Several animals are killed and packed before being served on the plates of the consumers. The prevalence of veganism is on the rise as a result of the ongoing rise in awareness of animal cruelty. Vegans abstain from buying any goods that are obtained by mistreating animals.
Major Players Develop Acquisition Plans to Boost Brand Image
The leading businesses in the canned meat market plan acquisitions to improve their brand recognition globally. For instance, in May 2022, the Akutan facility will be replaced with a "next-generation processing complex" that Trident Seafood Corporation proposes to construct in Alaska's Aleutian Islands. The facility has doubled the amount of surimi it can produce and recovered secondary goods including pollock, roe, fishmeal, and fish oil in bigger quantities.
Recent Development:
- In September 2020, Conagra Brands released canned soups, the first soups ever to contain plant-based meat. A wide range of vegan soups, including Plant-Based Beef & Vegetable, Plant-Based Chick'n Noodl, Plant-Based Chick'n & Rice, Plant-Based Saus'ge Gumbo, and Plant-Based Minestrone & Saus'ge, were made available in stores as part of this launch.
List of Key Players Profiled in the Report
- Hormel Foods Corporation (U.S.)
- Bolton Group (Italy)
- Bumble Bee Foods, LLC. (U.S.)
- Crown Prince, Inc. (U.S.)
- Danish Crown Foods (Denmark)
- Ayam Sarl (Singapore)
- JBS (U.S.)
- Wild Planet Foods (U.S.)
- American Tuna Inc. (U.S.)
- Survivalcavefood (U.S.)
Further Report Findings
- The market in North America is expected to gain a huge portion of the global Canned meat market share in the coming years. When consumers switched to items with longer shelf life, the demand for packaged beef products rose.
- Since people are becoming increasingly concerned with maintaining their health and because meat is one of the best sources of iron, zinc, and other essential minerals, there is a very high demand for meat products in the region.
- In the Asia Pacific, the growth in this region is primarily driven by increased demand from consumers for processed meals with longer shelf life.
Attributes | Details |
Market Size in 2022 | USD 30.2 Billion |
Market Forecast in 2030 | USD 49.3 Billion |
Compound Annual Growth Rate | 8.50 % |
Unit | Revenue (USD Million) and Volume (Kilo Tons) |
Segmentation | By Type, By Distribution Channel and By Geography |
By Type |
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By Distribution Channel |
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By Region |
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Base Year | 2022 |
Historical Year | 2016-2021 |
Forecast Year | 2023-2030 |