Canned Meat Market Size, Share, Industry Trends and Forecast to 2033
This report provides an in-depth analysis of the canned meat market from 2023 to 2033, covering market trends, size, segmentation, and regional insights to help stakeholders make informed decisions.
| Metric | Value |
|---|---|
| Study Period | 2023 - 2033 |
| 2023 Market Size | $25.00 Billion |
| CAGR (2023-2033) | 5% |
| 2033 Market Size | $41.14 Billion |
| Top Companies | Hormel Foods Corporation, Campbell Soup Company, ConAgra Brands, Inc., Smithfield Foods, Inc., Kraft Heinz Company |
| Last Modified Date | 15 November 2024 |
Canned Meat Market Overview
What is the Market Size & CAGR of Canned Meat market in 2023?
Canned Meat Industry Analysis
Canned Meat Market Segmentation and Scope
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Canned Meat Market Analysis Report by Region
Europe Canned Meat Market Report:
Europe's canned meat market is projected to grow from $6.78 billion in 2023 to $11.15 billion by 2033, driven by a trend toward artisanal and premium products, spurred by consumers' focus on quality ingredients and sustainability. Key countries include Germany, France, and the UK.Asia Pacific Canned Meat Market Report:
In 2023, the Asia Pacific canned meat market was valued at $4.93 billion, projected to expand to $8.11 billion by 2033. The growth is propelled by rising disposable incomes, increasing urbanization, and a growing trend toward convenience foods among the expanding population, especially in countries like China and India.North America Canned Meat Market Report:
North America leads the market with a valuation of $8.54 billion in 2023, expected to grow to $14.06 billion by 2033. The emphasis on ready-to-eat meals due to busy lifestyles, as well as the rise in outdoor activities and emergency preparedness, drives the demand for canned meats in the U.S. and Canada.South America Canned Meat Market Report:
The South American market was valued at $1.96 billion in 2023, with forecasts reaching $3.23 billion by 2033. A notable increase in tourism and export opportunities coupled with the growing local demand for preserved meats supports this growth. Additionally, the region's rich cultural consumption of meat further boosts sales.Middle East & Africa Canned Meat Market Report:
The Middle East and Africa canned meat market is anticipated to grow from $2.79 billion in 2023 to $4.60 billion by 2033. The increase is influenced by the adoption of Western food consumption patterns and a growing expatriate population looking for familiar food options.Request a custom research report for industry.
Canned Meat Market Analysis By Product
Global Canned Meat Market, By Product Type Market Analysis (2024 - 2033)
In 2023, beef dominated the canned meat market with a valuation of $12.80 billion, representing 51.18% market share. By 2033, it is projected to reach $21.06 billion. Poultry, while smaller at $6.13 billion, exhibits significant growth, expecting to hit $10.08 billion, with consistent shares of 24.51%. Pork and mixed meats follow at $3.36 billion and $2.72 billion respectively, each maintaining shares of 13.43% and 10.88%. Premium quality products form the majority of the value, with $21.27 billion expected in 2023, growing to $35.01 billion by 2033.
Canned Meat Market Analysis By Packaging
Global Canned Meat Market, By Packaging Type Market Analysis (2024 - 2033)
The packaging segment is led by tin cans, translating to $15.60 billion in 2023 with a 62.38% share, set to grow to $25.67 billion by 2033. Glass jars follow at $5.94 billion and $3.46 billion for pouches in 2023, each maintaining significant shares. These packaging types offer durability and enhanced shelf life, crucial for the preservation of canned meats.
Canned Meat Market Analysis By End User
Global Canned Meat Market, By End-User Market Analysis (2024 - 2033)
The household end-user accounted for approximately $15.60 billion in 2023, maintaining a share of 62.38%, projected to grow to $25.67 billion by 2033. The food service segment contributed $5.94 billion, increasing to $9.78 billion over the same period. This demonstrates a strong consumer reliance on canned meats for home cooking and quick meal preparation.
Canned Meat Market Analysis By Quality
Global Canned Meat Market, By Quality Market Analysis (2024 - 2033)
Premium quality canned meats generated $21.27 billion in 2023 with a commanding share of 85.08%, anticipated to reach $35.01 billion by 2033. Standard quality products, although smaller at $3.73 billion, maintain a steady share of 14.92%, and are expected to grow to $6.14 billion due to affordability and value-driven purchases.
Canned Meat Market Analysis By Distribution Channel
Global Canned Meat Market, By Distribution Channel Market Analysis (2024 - 2033)
The offline channels dominate with a size of $21.27 billion in 2023, showcasing a robust share of 85.08%, expected to expand to $35.01 billion by 2033, driven by supermarket sales. Online channels, at $3.73 billion and 14.92% market share in 2023, are set for growth, reaching $6.14 billion as digital shopping rises and convenience becomes key.
Canned Meat Market Trends and Future Forecast
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Global Market Leaders and Top Companies in Canned Meat Industry
Hormel Foods Corporation:
A leader in the meat and food product industry, Hormel offers a diverse range of canned meat products, emphasizing quality and innovation.Campbell Soup Company:
Known for its iconic canned soups, Campbell also produces a variety of canned meats, leveraging strong branding and consumer trust.ConAgra Brands, Inc.:
With a broad portfolio of canned foods, ConAgra is heavily focused on expanding its canned meat segment and enhancing distribution networks.Smithfield Foods, Inc.:
Specializes in pork products, Smithfield is a key player in the canned meat market, particularly in the North American region.Kraft Heinz Company:
A major food and beverage company, Kraft Heinz offers a line of canned meats with an emphasis on quality and flavor to attract consumers.We're grateful to work with incredible clients.
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FAQs
What is the market size of canned Meat?
The global canned meat market is valued at approximately $25 billion in 2023, with an expected compound annual growth rate (CAGR) of 5% over the next decade, indicating strong growth potential and increasing consumer demand.
What are the key market players or companies in this canned Meat industry?
Key players in the canned meat industry include leading brands such as Hormel Foods Corporation, ConAgra Foods, Pinnacle Foods, and Campbell Soup Company, which dominate through innovation and diversified product offerings.
What are the primary factors driving the growth in the canned Meat industry?
The canned meat industry growth is primarily driven by increased consumer preference for convenience foods, the rising demand for long shelf-life products, and the expansion of distribution channels including online sales.
Which region is the fastest Growing in the canned Meat market?
The fastest-growing region in the canned meat market is North America, projected to rise from $8.54 billion in 2023 to $14.06 billion in 2033, driven by robust consumer demand and extensive distribution networks.
Does ConsaInsights provide customized market report data for the canned Meat industry?
Yes, ConsaInsights offers customized market report data for the canned-meat industry, allowing clients to tailor insights according to specific needs, segments, and geographies for improved strategic decision-making.
What deliverables can I expect from this canned Meat market research project?
Expect comprehensive deliverables including detailed market analysis, forecast reports, segmentation data, competitive landscape insights, and regional growth trends to aid in understanding the canned-meat market.
What are the market trends of canned Meat?
Current trends in the canned meat market include a shift towards premium quality products, increasing preference for ready-to-eat meals, and innovation in packaging solutions to enhance product appeal and sustainability.