The global canned meat market is anticipated to grow at a significant CAGR of 3.6% during the forecast period. Increasing preference for processed food is expected to fuel the product demand over the forecast period. Rising awareness among people for the issues with plastic packaging has increased the demand for the canned meat market. Consumers are ready to pay higher rates for the products which offer properties such as ready-to-cook, organic, and properly packed. Canned food has a longer span off the shelf, as sterilized food is isolated from the external environment by sealed containers, such as glass & metal cans, and aluminum foil. Hence, food is not diluted with outside air or microorganisms. 

However, the health problems associated with preservatives and other additives are a major concern to the market growth. Further, extreme consumption of animal-based meat may affect diet-related diseases such as obesity, type-2 diabetes, heart disease, and certain cancers, hence people are shifting towards meat alternatives. The major restrain in the canned meat market is growing consumer interest in plant-based diets, coupled with the rising awareness for animal rights. For Instance, in April 2018, Omnimeat launched plant-based pork strips with its unique blend of plant-based proteins and striking resemblance to traditional pork in taste, texture, and appearance.

Impact of COVID-19 Pandemic on Global Canned Meat Market

During the COVID-19 pandemic, the demand for canned food has increased significantly across the US. Consumers were increasingly buying canned meat products as it was offering high nutritional value in the market, coupled with higher shelf life. These consumer trends are anticipated to boost demand over the forecast period. 

Segmental Outlook 

The global canned meat market is segmented based on the product type and distribution channel. Based on the product type, the market is segmented into seafood meat, poultry meat, pork meat, and others. Among these poultry meat has the highest market share. It can be stocked up easily for a longer period. Based on the distribution channel, the market is sub-segmented into offline and online. 

Global Canned Meat Market Share by Product Type, 2020 (%)

Segmental Overview for Global Canned Meat Market

The demand for canned seafood has detected a stable growth during the forecast period due to the rise in consumer consciousness regarding the nutritional benefits of seafood coupled with the long shelf life it possesses. Seafood meat is rich in essential nutrients such as B complex vitamins (niacin), vitamin D, omega-three fatty acids, and minerals such as zinc. According to the FAO, per capita, seafood consumption in China shoots up from 25.4 kgs in 2004 to 35.9 kgs in 2020. Furthermore, the demand for canned pork meat has increased due to improved quality, satisfying taste, nutritional advantage, and relatively low prices have positioned pork as one of the favored canned meat. 

Regional Outlooks

The global canned meat market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East & Africa, and Latin America).  

Global Canned Meat Market Growth by Region, 2021-2027

Regional Overview

North America is anticipated to hold the major share in the canned meat market. The regional market is driven by the changing and fast-paced lifestyle of consumers, credited to quick urbanization. In addition, development in food processing and increasing utilization of ready-to-eat food in the region is expected to drive the product demand. Further, the market in Asia-Pacific is expected to be the fastest-growing regional market over the forecast period. The rapidly expanding food sector in countries, such as China, India, Japan, Indonesia, Vietnam, and Bangladesh, has resulted in the advancement in the canned food market, thereby boosting the product demand in the region.

Market Players Outlook

The major companies serving the global canned meat market include American Tuna, Bumble Bee Foods, LLC. (FCF Co., Ltd.), Campbell Soup Co., Hormel Foods Corp., JBS Foods Group, Tyson Foods, Inc., Zwanenberg Food Group, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in February 2019, Japanese food manufacturer Hotei Foods has launched three flavors in fried chicken such as Karaage Japanese soy sauce, Karaage Umami spicy, and Karaage Teriyaki mayo.

The Report Covers

    • Market value data analysis of 2020 and forecast to 2027.

    • Annualized market revenues ($ million) for each market segment.

    • Country-wise analysis of major geographical regions.

    • Key companies operating in the global canned meat market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.

   • Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.

    • Analysis of market entry and market expansion strategies.

    • Competitive strategies by identifying ‘who-stands-where’ in the market.