Lewes, DE -- (SBWire) -- 05/10/2016 --Report forecast the global canned food market to grow at a CAGR of 3.04% during the period 2016-2020.
Canned food products refer to food items that are processed, preserved, and packed into airtight metal containers. Canned food products find high demand globally because they require less time to cook, less storage space, and have a longer shelf life than fresh food.
With consumer lifestyles becoming increasingly work-oriented and, consequently, hectic, people have less time to cook food. Therefore, they prefer the convenience of canned food products. Various drivers and distribution methods boost the sales of canned food products. The rise in demand for canned fish and seafood and canned meat coupled with the numerous options available in supermarkets is fueling market growth.
The report covers the present scenario and the growth prospects of the global canned food market for 2016-2020. To calculate the market size, the report considers the revenue generated through the sales of canned food, sold through retail stores such as supermarkets and hypermarkets, independent retailers, convenience stores, and specialist retailers.
The market is divided into the following segments based on geography:
- Americas
- APAC
- Europe
- ROW
According to the report, the hectic lifestyles of consumers and the need for leisure have further increased the demand for convenience food products. This need for convenience has also led to the growth of the global canned food market, as vendors launch canned meat, canned fish, canned desserts, and canned vegetables that can save time spent in the kitchen. They are also using convenient packaging solutions to further provide convenience for consumers.
Further, the report states that, as consumers are gaining awareness of the health hazards due to the intake of chemicals and preservatives, they are becoming more careful, which can impact the demand for canned food in the market.
Global Canned Food Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
key players in the Global Canned Food Market: Bolton Group, ConAgra Foods, Del Monte Foods, Hormel Foods, and Kraft Heinz.
Other Prominent Vendors in the market are: Atria Group, AYAM SARL, Bonduelle, Campbell Soup, Danish Crown, Dole Food Company, Grupo Calvo, JBS, Nestlé, Pinnacle Foods, Princes Limited, Shanghai Maling Aquarius, and Zanlakol.
Market driver
- Demand for convenience
- For a full, detailed list, view our report
Market challenge
- Adverse impact on health
- For a full, detailed list, view our report
Market trend
- Product differentiation and innovation
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Spanning over 56 pages and 31 Exhibit "Global Canned Food Market 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Geographical segmentation, Market segmentation by type, Market segmentation by distribution channel, Key leading countries, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape.
For more information Visit at: http://www.marketresearchreports.com/technavio/global-canned-food-market-2016-2020
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