Canned Meat Market Forecast 2024-2033: Projected CAGR, Key Drivers, And Trends

Overview and Scope
The canned meat refers to the fresh and ready-to-eat meat preserved in cold storage. Canned meat contains proteins, omega-3 fatty acids, fibers, and other nutrients that are essential for a balanced diet. People choose canned meat because it can be stored for longer and is easier to preserve.

Sizing and Forecast
The canned meat market size has grown strongly in recent years. It will grow from $16.34 billion in 2023 to $17.27 billion in 2024 at a compound annual growth rate (CAGR) of 5.7%. The growth in the historic period can be attributed to convenience and long shelf life, military and emergency rations, pandemic and crisis preparedness, global exploration and expeditions, affordability.

The canned meat market size is expected to see strong growth in the next few years. It will grow to $22.59 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to health-conscious consumers, diverse flavor profiles, premium and gourmet options, sustainable and ethical sourcing, e-commerce and direct-to-consumer sales. Major trends in the forecast period include clean label products,gourmet and artisanal offerings, plant-based and alternative proteins, premium and limited editions, diverse meat sources.

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Segmentation & Regional Insights
The canned meat market covered in this report is segmented –

1) By Product Type: Seafood Meats, Poultry Meats, Red Meat, Other Products
2) By Application: Private Use, Commercial and Industrial Use
3) By Distribution Channel: Supermarket and Hypermarket, Specialty Store, Online, Other Distribution Channels

North America was the largest region in the canned meat market in 2023. Asia-pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the canned meat market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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Major Driver Impacting Market Growth
The increasing demand for canned seafood is expected to propel the growth of the canned meat market going forward. Seafood refers to any type of sea life considered edible by humans, most notably fish and shellfish. People prefer canned food because it is preserved at precise temperatures and is regarded as a high-protein, convenient food, as a result, the increasing demand for canned seafood increases the demand for the canned meat market. For instance, according to the IRI Worldwide seafood update report, In May 2022, frozen seafood sales were much higher than fresh seafood sales, with $643 million versus $618 million, respectively. Only shelf-stable seafood (canned and pouched) increased (+7.8%), as did volume sales. Therefore, the increase in demand for canned seafood drives the canned meat market growth.

Key Industry Players
Major 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., Bumble Bee Seafoods LLC, Maruha Nichiro Corporation, Vion Food Group NV, Conagra Brands Inc., Thai Union Group, Trident Seafoods Corporation, JBS SA, Bolton Group Ltd., Princes Group Ltd., Cargill Meat Solutions Corp., Keystone Foods LLC, Nestle S.A., Campbell Soup Company, Pinnacle Foods Inc., BRF S.A.

The canned meat market report table of contents includes:

1. Executive Summary

2. Canned Meat Market Characteristics

3. Canned Meat Market Trends And Strategies

4. Canned Meat Market – Macro Economic Scenario

5. Global Canned Meat Market Size and Growth
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31. Global Canned Meat Market Competitive Benchmarking

32. Global Canned Meat Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Canned Meat Market

34. Canned Meat Market Future Outlook and Potential Analysis

35. Appendix

Top Major Players: