The global canned fruits market is projected to register at a moderate-paced CAGR of 1.9% over the forecast period. The canned fruits market is currently valued at USD 9.95 Billion in 2023. By 2033, demand for canned fruits is expected to reach a high of USD 12.01 Billion.
This growth in the adoption of canned fruits is supported by the following:
Canned fruit is undergoing a radical transformation owing to juice-dipped fruits
There has been a rise in consumer awareness of the risks associated with poor health, and as a result, people are increasingly avoiding high-calorie foods. Cutting back on the sugar content of the fruits used in bakery products is crucial because diabetes threatens a sizable proportion of the global population.
Juice-dipped fruit pieces are a terrific way to cut back on the amount of sugar used in baked goods without sacrificing flavor, as opposed to using syrup, which masks the natural sweetness of the fruit. Considering this, canned fruits that have been dipped in juice have been shown to be a healthy alternative for use in low-sugar baked goods.
Vegan food is becoming increasingly popular.
In recent years, there has been a surge of enthusiasm for creating meatless meat substitutes made from plants. By the year 2030, the market for plant-based alternatives is expected to be worth USD 85 Million. It is predicted that by 2035, beef and dairy product consumption in the USA is expected to fall by 80 to 90%.
Plant-based food producers are profiting from the utilization of fruits and vegetables, legumes, and pulses and are also giving serious thought to fruit-based goods for their nutrient density and high functionality, both of which can improve the product's texture and flavor profiles.
| Attribute | Details |
|---|---|
| Market Value (2023) | USD 9.95 Billion |
| Market Value (2033) | USD 12.01 Billion |
| CAGR | 1.9% |
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Demand for canned fruit is expected to rise as the global urban population rises.
The rate of urbanization has increased dramatically in recent decades. The result is a dramatic increase in the number of people living in metropolitan areas, which has consequential effects on people's ways of life and raises the prevalence of multi-member households. As a result, there is a need for ready-to-eat food items because of people's hectic schedules.
Sales of canned fruits are projected to benefit from the growing desire for convenient and easily transportable food storage options, as well as the expanding popularity of convenience foods. Customers are likely to favor canned food goods because of their ability to preserve an elevated level of nutrients and flavor.
The current reliance of consumers on packaged fruits is projected to fuel the need for food goods with a longer shelf life due to the increasing number of working women around the world. As a result of these variables, the canned fruit industry is expected to grow at a rapid clip in the future.
A major barrier to canned fruit's widespread use is the high price of production.
Prices for canned fruits fluctuate frequently and are not stable. The cost of canning also rises or falls depending on the availability of the fruit being canned, therefore price changes are to be expected. As a result, the final cost of various canned fruits may fluctuate, which is expected to reduce growth prospects in the global market.
Need for Naturally Preserved and Fresh Food Is Growing
There has been a significant shift in consumer preferences toward fresh, minimally processed foods in recent years, which is predicted to have a detrimental effect on the uptake of these fruits.
However, in recent years, there has been a rise in the urban population's preference for ready-made foods and drinks, such as canned cocktails. There is also speculation that declining interest in cooking at home may eventually destroy the market.
Consistently shifting eating patterns toward a greater intake of canned fruit
Changes in people's eating patterns are a major factor in the boom in canned fruit sales. Growth in the industry is being fueled in no small part by people's hectic schedules, their increasing ability to spend money, and the rising pace of urbanization. These market shifts have ensured that canned fruits are expected to always have a place in people's kitchens and pantries.
Additionally, canned fruits are widely accessible, and consumers around the world are becoming more aware of the nutritional benefits of these products. In addition, the global market is opening due to their low prices compared to fresh fruits.
Economic regions that do not have the right climate for growing certain fruits receive cans of those fruits from other places. Because of this, people in these locations have access to a wider variety of fruits than they would otherwise have if canned fruits were not readily available.
Canned peaches, canned pineapples, canned mixed fruits, canned citrus fruits, canned pears, and other products all makeup subsets of the overall canned fruits market. Canned peaches, for example, are projected to be worth about USD 3.4 Billion by 2032's conclusion. Sales of these items are expected to grow at a CAGR of 3.5% between now and 2032.
The canned fruit industry can be segmented into supermarkets and hypermarkets, specialty stores, and grocery stores. Supermarkets and hypermarkets are where consumers choose to buy canned fruits. Thus, they are anticipated to maintain a dominant position in the global market.
This market sector has become dominant due to the proliferation of chain hypermarkets in rich countries and their growing popularity in emerging economies. Customers' hectic schedules, combined with the growing number of people used to the convenience lifestyle, are expected to fuel expansion prospects in this market.
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Advances in transportation and refrigeration methods have facilitated the transcontinental transfer of perishable and low-storage-capacity goods. Increased demand and reported growth in the North American canned fruits industry can be attributed to the rapidly urbanizing population, rising per capita income, and hectic lifestyles.
Furthermore, the safety of the food we eat has been and is likely to continue to be of paramount importance to all shoppers. It is now possible to process fruits in a more efficient manner thanks to the introduction of high-tech devices, including new optical color and laser sorters, custom-designed pitting and processing lines, high-speed packing lines, and on-site freezing and frozen storage.
Europe has almost a 70% share of the world's total imports of canned fruits and vegetables, making it the largest importing region by far.
It is expected that the European demand for canned fruits could expand by 1-2% per year over the next five years. Innovations that enhance canning technology are crucial to the expansion of the market.
Spending more on Research and Development means more healthy options, more accurate nutrition labels, and more convenient packaging (ready-to-eat foods). The developing infrastructure for transporting canned foods across Europe is also expected to boost demand.
Germany, as the largest food market in Europe, makes for an intriguing target market. As Europe's largest organic canned fruits market, Germany also presents unique potential for organically certified canned fruits and vegetables.
Since the United Kingdom and France have lesser production output than Spain and Italy, they come in second and third, respectively. Smaller markets for canned fruits and vegetables, the Netherlands and Belgium nonetheless make the top six since they serve as re-exporters.
The South Korean canned fruits market is expected to grow at a CAGR of 5.5%. The market is valued at USD 752.81 Million in 2023 and is anticipated to reach USD 1285.91 Million by 2033.
| Market Value (2023) | USD 752.81 Million |
|---|---|
| Market Value (2033) | USD 1285.91 Million |
| CAGR | 5.5% |
Rapid urbanization, a rise in the number of nuclear homes, hectic lifestyles, an increase in the demand for portable storage techniques for food goods, and the rising popularity of convenience meals are all contributing to the expansion of the demand for canned fruits. However, the prohibitive cost of canned fruits and the availability of less expensive packaging options are restraining the sales of canned fruits.
New competitors can find success by taking innovative steps.
Profitable as it may be, the canned fruits industry is frequently disregarded. Since most new businesses are focusing on processed and packaged foods those involved in the sector can guarantee consumers have access to fresh, unaltered fruit, fruit canning might be a lucrative business.
Even though the demand for canned fruits is already saturated, new companies can try breaking in by offering canned fruit in interesting or unusuaflavorsrs. Fruit consumption is on the rise as people become more aware of the positive effects that a healthy diet can have on their bodies. As a result, businesses can put money into various forms of research and development to produce novel products and services for consumers.
EEC Organization has consistently placed a premium on ensuring the security of its food supply. The leaders in the global canned fruit industry understand this and only sell the best, most sanitary products to their customers. Additionally, the advent of several high-tech machines, such as custom-designed pitting & processing lines, modern optical laser and color sorters, on-site freezing & frozen storage, and high-speed packing lines, has simplified and expedited the fruit processing procedure.
Del Monte Foods, The Kraft Heinz Company, Conagra Foods, Rhodes Food Group, Dole Food Company, Kangfa Foods, Seneca Foods, CHB Group, Gulong Food, Tropical Food Industries, and Others are all major competitors in the global canned fruits market.
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The growth outlook for the canned fruits market is predicted to advance at a CAGR of 1.9% from 2023 to 2033.
Europe is anticipated to lead the canned fruits market over the forecast period.
The valuation of the canned fruits market stands at USD 9.95 Billion in 2023.
The canned fruits market is likely to hold a valuation of USD 12.01 Billion by 2033.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Fruit Type 5.1. Peaches 5.2. Pineapple 5.3. Mandarin Oranges 5.4. Pears 5.5. Other Fruit Types 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Form 6.1. Whole fruits 6.2. Cut fruits 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Distribution Channel 7.1. Supermarkets/Hypermarkets 7.2. Convenience Stores 7.3. Online Retail 7.4. Other Distribution Channels 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 8.1. North America 8.2. Latin America 8.3. Europe 8.4. Asia Pacific 8.5. Middle East and Africa (MEA) 9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. Key Countries Market Analysis 15. Market Structure Analysis 16. Competition Analysis 16.1. The Kraft Heinz Company 16.2. Del Monte Food, Inc. 16.3. Dole Food Company 16.4. Rhodes Food Group 16.5. Kangfa Foods 16.6. ConAgra Foods Inc. 16.7. H.J. Heinz Company 16.8. Seneca Foods Corporation 16.9. Pinnacle Foods Inc. 16.10. CHB Group 17. Assumptions & Acronyms Used 18. Research Methodology
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Canned Fruits Market
