The
global Canned
Meat Market size is anticipated to reach USD 16.24 billion by
2028, according to a new report by Grand View Research, Inc., expanding at a
CAGR of 2.2% from 2021 to 2028. The growing popularity of processed food and
increasing per capita spending along with rapid urbanization are expected to
fuel the product demand across the world. The poultry segment accounted for the
largest meat-type segment in the global market in 2020. The growing consumption
of poultry meat across the world is expected to fuel the segment growth. Global
poultry meat consumption in 2019 accounted for 128.7 million tons and reached
131.2 million tons in 2020. Canning has become a well-known technique for
preserving meat that enables superior dispersion of meat supply throughout the
year.
The
supermarket & hypermarket distribution channel segment accounted for the
maximum revenue share in 2020. With the young and metropolitan populace growing
significantly across the world, product distribution through supermarkets and
hypermarkets is expected to increase. The growing product distribution through
online retailing channels is also expected to fuel the market growth. North
America emerged as the largest regional market in 2020. The regional market is
driven by the dynamic and fast-paced lifestyle of consumers, credited to rapid
urbanization. In addition, advancements in food processing and increasing
consumption of ready-to-eat (RTE) food in the region are expected to drive the
product demand.
List of Key Players of Canned Meat Market
- JBS
- Hormel Foods
Corp.
- Tyson Foods,
Inc.
- Wild Planet
Foods
- Bolton Group
- Vion Food
Group
- Mundella
Foods
- Campbell
Soup Company
- Smithfield
Foods
- Valleyfresh
Global
Related Press
Release@ Canned
Meat Market Report
Canned Meat Market Report Highlights
- The poultry
meat segment accounted for the maximum revenue share of the global market
in 2020 on account of the increased poultry meat production across the
world
- In terms of
distribution channel, the supermarket & hypermarket segment accounted
for the highest revenue share in 2020
- On the other
hand, the online distribution channel segment is estimated to register the
fastest CAGR from 2021 to 2028
- North
America held the largest revenue share of over 32% in 2020 due to
significant developments in the region pertaining to the food processing
sector
- The market
is largely fragmented with both domestic and international players sharing
the space
- Product
innovations, new launches, investments, and expansion emerged as the key
strategies deployed by the majority of the market players to stay abreast
of the competition
Canned Meat Market Report Scope
|
Report
Attribute |
Details |
|
Market size value in 2021 |
USD 13.94 billion |
|
Revenue forecast in 2028 |
USD 16.24 billion |
|
Growth rate |
CAGR of 2.2% from 2021 to 2028 |
|
Base year for estimation |
2020 |
|
Historical data |
2016 - 2019 |
|
Forecast period |
2021 - 2028 |
Related Reports @
Canned Meat Market Segmentation
Grand
View Research has segmented the global canned meat market based on meat type,
distribution channel, and region:
Canned Meat Type Outlook (Revenue, USD Million, 2016 -
2028)
- Beef
- Seafood
- Poultry
- Pork
- Others
Canned Meat Distribution Channel Outlook (Revenue, USD Million,
2016 - 2028)
- Supermarket
& Hypermarket
- Specialty
Store
- Online
- Others
Canned Meat Regional Outlook (Revenue, USD Million, 2016
- 2028)
- North
America
- U.S.
- Europe
- Germany
- U.K.
- France
- Asia Pacific
- China
- Japan
- India
- Central
& South America
- Brazil
- Middle East
& Africa
- South
Africa
About Us:
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, the
company offers market intelligence studies ensuring relevant and fact-based
research across a range of industries including technology, chemicals, materials,
healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-95196
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
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