- Key vendors include Bolton Group, ConAgra Foods, Del Monte & H.J. Heinz
TechNavio, an independent London-based research firm has found canned fish as the most sought after product in the Global Canned Food market. The findings are for the forecast period 2012-2016.
The Global Canned Food market will grow at a CAGR of 3.28 percent during the forecast period due to the increasing demand for healthy and safe foods, and due to changing consumer lifestyles. Across the world, canned foods are finding their way into the staple diets of consumers, as they are easy to prepare, require little or no heating, and minimal cooking skills. Currently, canned foods are accessible in almost all parts of the world. Their wide coverage and affordable nature is also leading to their increased adoption by the impoverished in continents such as Africa. They are also helping in reducing certain global health issues such as the global food crisis, hunger and global malnutrition.
The Global Canned Food market, dominated by the EMEA region in 2012, will see growth coming from the APAC region due to the high demand from the emerging economies. The rapid changing lifestyle of people in China, South Korea, and India is also increasing the demand for canned food products in the APAC region.
Speaking on this occasion, one of the senior analysts and co-author of this report said, “The Global Canned Food market is highly fragmented, with the presence of numerous small and large players. The large global players, such as H.J. Heinz, Del Monte, Bolton Group International, and ConAgra Foods are contributing the maximum percentage to the global market share. However, they are increasingly facing stiff competition from some of the smaller players as the demand for better products increases. What needs to be seen is how companies are able to distinguish its product and service offerings through a clear and unique value proposition to offer value for money to the end customers.”
To determine the scenario for these vendors in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of drivers, challenges, and trends of this market featuring data on product segmentations, vendor shares, growth rate by revenue, and an evaluation of the different buying criteria in order of importance.
If you are interested in more information on this topic and our upcoming research on Global Canned Food Market, please send an e-mail to media@technavio.com
About TechNavio
TechNavio is a leading technology research and advisory company with a global coverage. We focus on emerging technology trends that can shape the market. We identify and explain these trends to our customers to help them take better decisions.
TechNavio models the trends using a mix of quantitative and qualitative tools in its proprietary research methodologies. We build forecasts across market segments and geographies based on the trends identified. These forecasts and analysis are used to help our customers identify new and existing opportunities in their markets. We also help customers assess their competitive position in a changing market scenario.
TechNavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape of Global Canned Food Market. Our analysts obtain the information using a combination of the bottom-up and top-down approaches, besides using in-house market modeling tools. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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Founded in 2003, TechNavio has about 200 analysts globally. We cover more than 500 technologies across 80 countries. Our analysts are closely monitoring the market every day by talking to all the industry participants. We have proprietary databases that provide us with a complete perspective of the market. TechNavio develops over 2000 pieces of research deliverables every year.
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