The market size is expected to see more robust growth in the future, expanding to $24.45 billion in 2029 at a CAGR of 7.6%. Several factors are propelling this predicted growth, including health-conscious consumers, diverse flavor profiles, premium and gourmet options, sustainable and ethical sourcing, as well as e-commerce and direct-to-consumer sales. Emerging market trends include clean label products, gourmet and artisanal offerings, plant-based and alternative proteins, premium and limited editions, and diverse meat sources.
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What Are The Key Growth Drivers For Canned Meat Market?
The growing demand for canned seafood is a significant factor propelling the growth of the canned meat market. People prefer canned food because it is preserved at precise temperatures, providing a convenient and high-protein food option. According to the IRI Worldwide seafood update report, frozen seafood sales were higher than fresh seafood sales in May 2022, with shelf-stable seafood (canned and pouched) sales increasing by 7.8%. This increase in demand for canned seafood is expected to drive the growth of the canned meat market.
What Are The Main Segments In The Global Canned Meat Market?
The primary segments in the global canned meat market include:
1) Product Type: Seafood Meats, Poultry Meats, Red Meat, Other Products
2) Application: Private Use, Commercial and Industrial Use
3) Distribution Channel: Supermarket and Hypermarket, Specialty Store, Online, Other Distribution Channels
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Which Are The Leading Companies In The Canned Meat Market?
Notable companies operating in the canned meat market include Xiamen Gulong Canned Food Co. Ltd., Tyson Foods Inc., Wild Planet Foods Inc., Radiant Farms Inc., Survival Cave Food, JBS S.A., Key Food Stores Co-op Inc., Crown Prince Inc., Bar Harbor Foods Inc., Zishan Group Co. Ltd., Libby’s Brand Holding Inc., Radiant Farms Ltd., Dalian Lixiang Food Co. Ltd., Hormel Foods Corporation, American Tuna Inc., and others.
What Are The Emerging Trends In The Canned Meat Market?
Emerging trends in the canned meat industry include the development of innovative products like vegan meat, which caters to health-conscious consumers. For instance, in August 2022, Singapore-based OTS Holdings developed a new line of plant-based canned meat, offering a convenient and innovative alternative to traditional meat products.
Which Region Is Expected To Lead The Canned Meat Market?
North America held the largest share of the canned meat market in 2024, while Asia-Pacific is expected to be the fastest-growing region in the coming years. The report covers the market dynamics across Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Does The Canned Meat Market Report 2025 Offer?
The Canned Meat Market research report from The Business Research Company provides insights on the global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities. Canned meat is a fresh and ready-to-eat meat product preserved in cold storage, chosen for its long shelf life and ease of preservation. The Canned Meat Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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