North America Canned Meat Market, By Meat Type (Poultry, Pork, Beef, Seafood, Goat (Mutton), Lamb (Mutton) and Others), Nature (Organic and Conventional), Application (Horeca Industry and Household/Retail), Distribution Channel (Store-Based Retailing and Non-Store-Based Retailing/Online Retailers) - Industry Trends and Forecast to 2029.
North America Canned Meat Market Analysis and Insights
Canned meat products are made by hermetically sealing (preventing air from escaping or entering) the product in a container (usually tin-coated steel cans) and thermally processing it to kill spoilage microorganisms. Canned meat is a high-quality, protein-rich food that remains stable at room temperature and is extremely convenient. Consumers can choose from a wide variety of meat-based products. Whole muscles, meat stews, luncheon meat, sausages, sauces with meat pieces, and paste products are instances of canned meat products.
The majority of canned meats are 'commercially' sterilized, which means they have been processed to kill most microorganisms and their spores. They are of good quality and have proper labelling. However, the high investment costs of canned meat and its products are expected to restrain the market growth of canned meat during the forecasted period.
The increase in the demand for organic meat products and rising health awareness among people, coupled with urbanization, are expected to create immense opportunities for manufacturers of canned meat. On the other hand, the lack of uniform food safety standards may challenge the market's growth.
Data Bridge Market Research analyses that the North America canned meat market will grow at a CAGR of 3.7% during the forecast period of 2022 to 2029.
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2019 - 2015)
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Quantitative Units
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Revenue in USD Million, Pricing in USD
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Segments Covered
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By Meat Type (Poultry, Pork, Beef, Seafood, Goat, Lamb, and Others), Nature (Organic and Conventional), Application (Horeca Industry and Household/Retail), Distribution Channel (Store-Based Retailing and Non-Store-Based Retailing/Online Retailers)
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Regions Covered
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U.S., Canada and Mexico
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Market Players Covered
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JBS Foods, Tyson Food Inc., Danish Crown A.M.B.A., Hormel Foods Corporation, China Kuyu, Industrial Co. Ltd, Conagra Brands, Inc.
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Market Definition
Canned meat is a high-quality, protein-rich food that remains stable at room temperature and is extremely convenient. Consumers can choose from a wide variety of meat-based products. Meat is a low-acid food that must be sterilized unless other precautions are taken. Most countries have specific food and hygiene regulations governing meat slaughter and processing, and these and the relevant regulatory bodies must be followed before any meat products are produced.
North America Canned Meat Market Dynamics
Drivers
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Growth in investments & collaborations in meat processing and canning business
The rising demand for different meat products leads to increasing investments and collaborations in the meat processing and canning market. Many of the investors have a number of approaches, such as joint venture, acquisition, new product launch, and acquisition, among others. For the meat canning market investments. Many meat companies choose to analyse from a sustainability perspective, considering the future scenario. Many companies use a range of water, climate, and land indicators to calculate their environmental and carbon footprints to inform their investment decisions. Moreover, companies are also tying up with various food research institutes for product development in the meat canning market. Companies are investing in the meat market due to the increased popularity of healthy protein source meat products. Moreover, there has been a key understanding of the health benefits of various meat products arising from poultry, and so on.
As a result, companies are continuously acquiring, obtaining funding, and investing in new products, which is expected to propel market growth.
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Preference for animal-based proteins over plant-based proteins
Adapting plant-based proteins as an alternative to meat proteins has increased allergies among some consumers. It disproportionately affects children, which considers for meat products to grow in the forecast period.
The allergies to vegan food products increase the risk of nutritional deficiencies that can cause severe effects on the health of individuals. The immunoglobulin-E-mediated food allergy rate has peaked, especially in high-income countries. The high amount of macro- and micro-nutrients present in legumes, pulses, and whole grains, among others, are one of the prime reasons that cause allergies and side effects such as bloating, nausea, and improper digestion. Due to growing allergies from the consumption of plant-based meat, consumers may tend and divert their attention back to conventional meat products due to various allergies associated with plant-based meat consumption. This is driving the market growth.
Opportunities
Growing preference for organic meat
Organic farming not only helps small farmers to get a fair price for their produce but it also benefits the environment by encouraging the growth of a number of natural varieties of food. Organic food contains no chemical pesticides and fertilizers and are grown naturally with the help of manure or compost. Organic food does not contains growth hormones or antibiotic residues, which therefore do not threaten a child’s future.
Restraints/Challenges
- High investment costs in the poultry business
Poultry manufacturers face several adversities in terms of transportation, inadequate storage, and wastage of products which lead to loss of value of end products.
The equipment involved in the poultry business, such as high-pressure processing, refrigeration equipment, massaging equipment, and injectors, increases the efficiency of food production by reducing wastage.
However, poultry processing units require high capital investments in terms of massive requirements for infrastructure. This includes pack houses, cold storage facilities across the value chain, the latest technology equipment for processing processed meats that maintain their nutritional values, infrastructure at port gateways with phytosanitary facilitation, and multi-modal logistics.
Post-COVID-19 Impact on North America Canned Meat Market
COVID-19 has affected the market to some extent. Due to the lockdown, the manufacturing and production of many small and large companies were halted, and the demand for canned meat also increased, influencing the market. Due to the change in many mandates and regulations, manufacturers can design and launch new products in the market, which will help the market's growth.
Recent Developments
- In December 2021, Tyson Foods Inc. planned to spend more than $1.3 billion to increase automation in meat plants over the next three years. This will help the company grow and increase its production capacity
North America Canned Meat Market Scope
The North America canned meat market is segmented into notable segments based on meat type, nature, application, and distribution channel. The growth amongst these segments will help you analyze major growth segments in the industries and provide the users with a valuable market overview and market insights to make strategic decisions to identify core market applications.
Meat Type
- Poultry
- Pork
- Beef
- Seafood
- Goat (Mutton)
- Lamb (Mutton)
- Others
Based on meat type, the canned meat market is further segmented into poultry, pork, beef, seafood, goat (mutton), lamb (mutton) and others.
Nature
- Conventional
- Organic
Based on meat type, the canned meat market is further segmented into organic and conventional.
Application
- Horeca Industry
- Household/Retail
Based on application, the canned meat market is further segmented into horeca industry and household/retail.
Distribution Channel
- Store-based retailing
- Non-Store-Based Retailing/Online Retailers
Based on distribution channel, the canned meat market is further segmented into store-based retailing and non-store-based retailing/online retailers.
North America Canned Meat Market Regional Analysis/Insights
The North America canned meat market is analyzed, and market size insights and trends are provided based on as referenced above.
The countries covered in the North America canned meat market report are U.S., Mexico and Canada.
U.S. is expected to dominate the North America canned meat market in terms of market share and market revenue. It is estimated to maintain its dominance during the forecast period due to the growing surge for canned meat in various industries and growing consumer demand from end users.
The region section of the report also provides individual market-impacting factors and changes in regulations in the market that impact the current and future trends of the market. Data points, such as new and replacement sales, country demographics, disease epidemiology, and import-export tariffs, are some of the major pointers used to forecast the market scenario for individual countries. In addition, the presence and availability of North America brands, their challenges faced due to high competition from local and domestic brands, and the impact of sales channels are considered while providing forecast analysis of the country data.
Competitive Landscape and North America Canned Meat Market Share Analysis
The North America canned meat market competitive landscape provides details about the competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, North America presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points are only related to the companies' focus on North America canned meat market.
Some of the major players operating in the North America canned meat market are JBS Foods, Tyson Food Inc., Danish Crown A.M.B.A., Hormel Foods Corporation, China Kuyu, Industrial Co. Ltd., Conagra Brands, Inc., among others.
Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by the DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include the Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, North America Vs Regional, and Vendor Share Analysis. Please request an analyst call in case of further inquiry.
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