U.S. Canned Foods Market Size, Share, Growth Analysis, By Type(Seafood, Vegetables, Meat Products, Fruits), By Distribution Channel(Online and Offline (Supermarket/Hypermarket, Convenience Stores, Online retail channels)), By Region - Industry Forecast 2024-2031

Report ID: SQMIC30I2391 | Region: Country | Published Date: February, 2024
Pages: 157 | Tables: 65 | Figures: 75

U.S. Canned Foods Market News

In August 2021, Bolton Group purchased Wild Planet Foods, a market leader in innovation and a pioneer in the US sustainable canned fish industry. In order to establish a sustainable supply network, Wild Planet and Bolton Group worked together.

In September 2021, Kraft Heinz purchased the Brazilian culinary business Hemmer. The chance to advance our Taste Elevation-based worldwide expansion strategy presented by this acquisition is invaluable.

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U.S. Canned Foods Market size was valued at USD 94.1 billion in 2021 and is poised to grow from USD 95.2 billion in 2022 to USD 104.9 billion by 2030, growing at a CAGR of 1.3% in the forecast period (2023-2030).

The large number of regional players and intense competition in the U.S. canned food business are its defining features. With consumers focusing on purchasing from well-known brand names for quality assurance, it is anticipated that the threat of new competitors in the industry will stay low. The market for smaller players is smaller because the main players have powerful brands and high-volume production facilities. The danger posed by new entrants is also increased by the strict regulatory requirements and government policies. The establishment of canning plants is also seen to have resulted in a sizable capital expenditure. 'Del Monte Foods, Inc.', 'The Kraft Heinz Company', 'Campbell Soup Company', 'Bumble Bee Foods LLC', 'Hormel Foods Corporation', 'Conagra Brands, Inc.', 'General Mills, Inc.', 'The J.M. Smucker Company', 'Bush Brothers & Company', 'Green Giant (B&G Foods, Inc.)', 'Red Gold, LLC', 'Seneca Foods Corporation', 'Amy's Kitchen, Inc.', 'Nestle S.A.', 'Hain Celestial Group, Inc.', 'Farmer's Best International, LLC', 'McCormick & Company, Incorporated', 'JBS USA Holdings, Inc.', 'Tyson Foods, Inc.', 'Faribault Foods, Inc.'

Canned foods are a popular choice for busy consumers looking for fast and simple meal solutions because of their convenience and long shelf life.

Consumers are becoming more health-conscious, leading to an increase in demand for canned foods that are low in sodium, sugar, and artificial additives. Companies are responding to this trend by introducing healthier canned food options, such as canned fruits and vegetables with no added sugar or salt.

The US canned food market is projected to expand at a CAGR of 3.9% during the forecast timeframe. The widespread consumption of canned foods in the United States can be attributed to two factors: improved processing techniques and increased customer awareness of the nutritional value of the products. The aquaculture method's technological advancement in the US is expected to greatly expand the market's potential in the near future. As opposed to the conventional way of harvesting wild fish, the aquaculture method is used for volume production. With sustainable feed materials like algae, the fish feed business has seen other technological advancements. The canning companies in the U.S. use aluminum as the raw material for canning instead of using tin for its increased heat processing capacity. With the introduction of aluminum alloy, which has a harder surface than tin and is better suitable for canning, the tin plate's prevailing position as a container for canned foods was altered.

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U.S. Canned Foods Market Size, Share, Growth Analysis, By Type(Seafood, Vegetables, Meat Products, Fruits), By Distribution Channel(Online and Offline (Supermarket/Hypermarket, Convenience Stores, Online retail channels)), By Region - Industry Forecast 2024-2031

U.S. Canned Foods Market News

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