The global canned meat market refers to the industry involved in the production, packaging, and distribution of various types of meats that are preserved in cans. Canned meats provide a convenient and long-lasting source of protein, making them popular among consumers looking for easy-to-prepare meals. The market is driven by factors such as increasing disposable incomes, urbanization, and the growing demand for convenient food options. Canned meats are widely used in both the Horeca industry and household settings, catering to the needs of foodservice establishments and individual consumers alike.
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Data Bridge Market Research analyses that the Canned Meat Market is expected to reach USD 25,147.18 million by 2029 from USD 19,178.90 million in 2021, growing at a CAGR of 3.5% in the forecast period of 2022 to 2029.Canned meat offers convenience and portability, making it a popular choice for consumers seeking ready-to-eat meals. It provides a quick and easy solution for busy lifestyles, outdoor activities, and emergency situations, driving the demand for canned meat products.
Increasing disposable income and urbanization is expected to drive the market's growth rate
The increasing disposable income and urbanization have contributed to the growing demand for convenient and packaged food products, including canned meat. As more people move to urban areas and lead busy lifestyles, there is a need for quick and easy meal solutions. Canned meat fulfills this demand by providing a ready-to-eat option that requires minimal preparation. It offers convenience, saves time in meal preparation, and appeals to busy urban consumers seeking hassle-free food choices.
Report Scope and Market Segmentation
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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 2014-2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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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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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Market Players Covered
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JBS Foods (Brazil), Tyson Foods Inc. (U.S.), Danish Crown A.M.B.A. (Denmark), Hormel Foods Corporation (U.S.), Oceans Secret (China), China Kuyu Industrial Co. Ltd. (China), Pronas (Indonesia), Beijing Yuanyoung Hongxing Food Co. Ltd. (China), Keystone Meats (U.S.), Wild Planted Foods (U.S.), Conagra Brands, Inc. (U.S.), and Zwanenberg Food Group (Netherlands), among others
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Segment Analysis:
The canned meat market is segmented on the basis of meat type, nature, and application and distribution channel.
- On the basis of meat type, the canned meat market is segmented into poultry, pork, beef, seafood, goat, lamb and others. Poultry segment is expected to dominate the canned meat market with a CAGR of 3.5% in the forecast period of 2022 to 2029 due to high demand for chicken, and turkey, among others amid the consumers.
In 2022, poultry segment is expected to dominate the meat type segment of the canned meat market.
In 2022, poultry segment is expected to dominate the canned meat market owing to its versatility, lean protein content, and mild taste. It is commonly used in various recipes, including soups, sandwiches, and salads with a CAGR of 3.5% in the forecast period of 2022 to 2029.
- On the basis of nature, the canned meat market is segmented into organic and conventional. The conventional segment is expected to dominate the canned meat market with a CAGR of 3.3% in the forecast period of 2022 to 2029 due to its comparatively lower prices and wider availability due to comparatively lower prices and wider availability.
- On the basis of application, the canned meat market is segmented into horeca industry and household/ retail. In 2022, the horeca industry segment is expected to dominate the canned meat market with a 62.93% market share and is expected to reach USD 15,588.99 million by 2029 growing with a CAGR of 3.2% in the forecast period of 2022 to 2029 due to developing restaurant chains, and people opting for new and tasty meat dishes at hotels.
In 2022, the horeca industry segment is expected to dominate the application segment of the canned meat market
In 2022, the horeca industry segment is expected to dominate the canned meat market owing to their convenience, long shelf life, and ease of storage. They are commonly used in bulk food preparations in restaurants, cafeterias, and catering services. Canned meat serves as a time-saving ingredient for chefs and foodservice professionals, allowing for efficient meal planning and quick preparation with a CAGR of 3.2% in the forecast period of 2022 to 2029
- On the basis of distribution channel, the canned meat market is segmented into store based retailers and non-store retailers. In 2022, the store based retailers segment is expected to dominate the canned meat market with a CAGR of 3.2% in the forecast period of 2022 to 2029 due to increasing supermarket and hypermarket chains and the omnipresence of retailing stores.
Major Players
Data Bridge Market Research recognizes the following companies as the major canned meat market players in canned meat market are JBS Foods (Brazil), Tyson Foods Inc. (U.S.), Danish Crown A.M.B.A. (Denmark), Hormel Foods Corporation (U.S.), Oceans Secret (China), China Kuyu Industrial Co. Ltd. (China), Pronas (Indonesia), Beijing Yuanyoung Hongxing Food Co. Ltd. (China), Keystone Meats (U.S.), Wild Planted Foods (U.S.)
Market Development
- In 2021, Tyson Foods Inc. was planning to spend more than $1.3 billion to increase automation in meat plants over the next three year. This will help the company grow and increase sits production capacity
- In 2021, Tyson Foods Inc. invested USD 355 million to build a state-of-the-art bacon plant in Bowling Green, Kentucky. This will help the company to meet increasing retail and food service demand for bacon products
Regional Analysis
Geographically, the countries covered in the canned meat market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
As per Data Bridge Market Research analysis:
North America is expected to dominate the region in canned meat market during the forecast period 2022 to 2029
North America's is expected to dominate the global canned meat market can be attributed to several factors. Firstly, there is a growing demand for canned meat in various industries such as foodservice, retail, and convenience stores. Additionally, increasing consumer demand for canned meat as a convenient and ready-to-eat protein source contributes to the market's growth. North America's well-established distribution networks, advanced food processing technologies, and strong consumer awareness further support its dominant position in terms of market share and revenue during the forecast period.
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