Canned Food Market Size, Share, Growth, Trends, And Forecasts (2018–2023)


Posted August 31, 2018 by sandycool

Canned Food Market was worth USD 96.65 billion in 2018 and estimated to be growing at a CAGR of 3.8%, to reach USD 116.46 billion by 2023.

 
Overview:
In the year 2018, Global Canned Food Market was valued at USD 96.65 Billion. By the year 2023, it is expected to reach USD 116.46 Billion at pace of 3.8% CAGR.
Canned foods are known as processed food which is considered as a better source for nutrients and protects the food from getting damaged while transportation. Canned food helps in preserving the quality of food and also increases the life of the food products. Canned foods are used in preserving meat, fruits and vegetables which are packed into metal containers. Canned foods are safe to consume, easy to use and transport as they are available in different shapes, styles and shapes.

View sample and decide: https://www.marketdataforecast.com/market-reports/canned-food-market-6294/request-sample

Underlying Causes
The growth for Canned Food market is driven due to factors like rising demand for packaged & processed foods, increasing availability of various convenient food options like ready to heat, ready to serve, and ready to eat, recyclable and reusable capacities of cans, rising demand for milk-based products. In addition, growing urbanization, rising disposable incomes across the globe and advancement of technologies in packaging systems, introduction of new packaging systems like eco-friendly containers are expected to drive the market. However, high cost of metals, availability of alternative packaging solutions, and introduction of polyethylene terephthalate are the major restraining factors which is expected to affect the global canned food packaging market during the forecast period.

To know more read: https://www.marketdataforecast.com/market-reports/canned-food-market-6294/

Geographic Segmentation:
Based on geography the Canned Food market has been primarily divided into Asia Pacific, Middle East and Africa, North America and Latin America. North America holds the largest market share in the global canned food market followed by Europe due to growing consumption of canned food products, advancements in the packaging technology, increasing consumption of canned beverages, and presence of a large number of food industries in this region. Asia-Pacific regions like India, China and Japan are rapidly growing due to easy availability of raw materials, rising disposable incomes, increasing investments for packaging industries are expected to contribute high growth rate for canned food market during the forecast period.

Get your customized report: https://www.marketdataforecast.com/market-reports/canned-food-market-6294/customize-report

Key Players:
Leading companies for Global Canned Food market are B&G Food Holdings Corporation, Bolton Group International, La Doria, Campbell Soup, Pinnacle Foods Inc., Nestle, Zanlako , CECAB Grou, Princes Limited, Bonduelle, Dole Food Company Inc., DelMonte Pacific Ltd., ConAgra Foods Inc, and H.J. Heinz Company.

About MarketDataForecast™
Market Data Forecast is a market research firm offering syndicated research, consults and industry newsletters across various domains & verticals. With a well-established in-house team of experts from diverse fields and outsource research network across 100+ countries, we are the sole research providers for the majority of Fortune 500 companies. Along with the standards of reports being on par excellence, our unique services like free customization, analyst support for the period of six months post to the purchase will be the flag bearers and differentiates us from the rest. Our experience and in-depth understanding of various business environments will be a support to you and your organization in making well-informed decisions.


Contact Information:
Name: Mr. Abhishek Shukla
Email: [email protected]
Organization: MarketDataForecast™
Address: 2nd Floor, Lakeview Plaza, Kavuri Hills, Hyderabad, Telangana 500033, India.
Phone: +1-888-702-9626
-- END ---
Share Facebook Twitter
Print Friendly and PDF DisclaimerReport Abuse
Contact Email [email protected]
Issued By Market Data Forecast
Website https://marketdataforecast.com
Phone 18887029626
Business Address Hyderabad
https://marketdataforecast.com
Country India
Categories Advertising , Agriculture
Tags marketanalysis , marketshare , markettrends
Last Updated August 31, 2018