TechNavio recognizes the following companies as the key players in the Global Canned Food Market: Bolton Group International Ltd., ConAgra Foods Inc., Del Monte Corp., and H.J. Heinz Co.
Commenting on the report, an analyst from TechNavio’s team said: “Due to the change in the attitude and lifestyle of the population, the demand for canned food is going to increase in the near future. The aging population is looking for smaller packages and foods that are easy to prepare as they would rather spend less time on food preparation. Mid-lifers, i.e., people between 28-49 years, are also switching to canned foods due to their increasing workloads and parenthood pressures. The decrease in the average household size in North America and Europe to one or two people has also increased the demand for canned foods. The increase of female participation in the workforce and the working women population has also increased the need for convenient canned food products. The increasing disposable income of consumers in the developing countries has also led to an increased consumption of these products. Thus, the changing consumer demographics of the market is expected to lead to the growth of the Global Canned Food market during the forecast period.”
According to the report, the Global Canned Food market is driven by numerous factors, one of which is the changing consumer lifestyle which has increased the consumption of canned foods. As canned food takes less time to prepare and cook, its demand is increasing among the working class population. The reduced availability of time because of hectic lifestyles is also increasing the demand for canned foods among consumers.
Further, the report states that the entry of low-priced products and private label offerings is posing as a major challenge for the Global Canned Food market. When compared with branded global products, these low-priced products/private label products are comparatively cheaper and have a stronger impact on the local market.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-canned-food-market-2012-2016
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/healthcare-chemicals-food-retail
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TechNavio Announces the Publication of its Research Report -Global Canned Food Market 2012-2016
