Global Canned Foods Market to Reach US$182.4 Billion by 2030

The global market for Canned Foods estimated at US$130.0 Billion in the year 2023, is expected to reach US$182.4 Billion by 2030, growing at a CAGR of 4.9% over the analysis period 2023-2030. Canned Fish & Seafood, one of the segments analyzed in the report, is expected to record a 5.1% CAGR and reach US$58.6 Billion by the end of the analysis period. Growth in the Canned Ready Meals segment is estimated at 5.4% CAGR over the analysis period.

The U.S. Market is Estimated at US$37.7 Billion While China is Forecast to Grow at 5.9% CAGR

The Canned Foods market in the U.S. is estimated at US$37.7 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$22.8 Billion by the year 2030 trailing a CAGR of 5.9% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 4.0% and 4.6% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.4% CAGR.

Global Canned Foods Market - Key Trends and Drivers Summarized

Canned foods refer to food items that have been processed, sealed in an airtight container such as a can, and subjected to heat to kill bacteria, thereby prolonging shelf life while maintaining nutritional value. This method of preservation allows canned foods to be shelf-stable for extended periods, ranging from one to five years. The range of canned foods is extensive, including fruits, vegetables, meats, seafood, and ready-to-eat meals. This process of canning ensures that freshness, flavor, and nutritional quality are retained without the need for preservatives, making canned goods a staple in households worldwide for their convenience and durability.

The canned food market has adapted to changing consumer preferences and technological advancements. With a growing emphasis on health and wellness, manufacturers have been innovating their product lines to include organic ingredients, lower sodium, no added sugars, and non-GMO products. These healthier options cater to a broader audience, including those who are health-conscious but still value the convenience of canned foods. Technological improvements in canning processes have also enhanced the quality and safety of products. Innovations such as BPA-free linings and improved heat sterilization techniques have addressed consumer concerns about chemical leaching and food safety, further boosting the market`s growth potential. Moreover, the global rise in camping and outdoor activities has increased the demand for convenient, transportable, and easy-to-prepare food options, bolstering the popularity of canned foods.

The growth in the canned foods market is driven by several factors, including global urbanization, increased consumer awareness about waste reduction, and advancements in packaging technologies. Urban lifestyles often involve hectic schedules, leading consumers to seek convenient, quick meal solutions that do not require long preparation times—attributes that canned foods inherently possess. Furthermore, as awareness of environmental issues grows, more consumers are choosing canned foods due to their longer shelf life, which helps reduce food waste. Technological advancements in packaging, such as lightweight and recyclable materials, have made canned products more attractive by reducing the environmental impact and improving sustainability credentials. Additionally, economic factors such as rising disposable incomes in emerging markets are enabling more consumers to opt for the convenience of canned foods, thereby driving market expansion.