The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The canned and ambient food market has witnessed robust growth in recent years, surging from $230.72 billion in 2023 to an anticipated $245.87 billion in 2024, boasting a commendable Compound Annual Growth Rate (CAGR) of 6.6%. This expansion is attributed to key factors such as long shelf life, advancements in food preservation technology, convenience and portability, the use of canned goods for military and emergency supplies, and the efficient global distribution of food.

Future Horizons and Market Dynamics
The market is poised for sustained growth in the coming years, with projections indicating a rise to $311.03 billion by 2028, reflecting a CAGR of 6.1%. The anticipated growth in the forecast period is fueled by factors like the increasing emphasis on health and nutritional benefits, a surge in demand for sustainability and eco-friendly packaging, the allure of diverse food options, the influence of digital marketing and e-commerce, and the rising popularity of functional and convenience foods.

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Emerging Trends Shaping the Landscape

As we look ahead, several trends are set to shape the canned and ambient food market in the forecast period:

1. Plant-Based and Vegan Options
   • Growing consumer demand for plant-based and vegan food alternatives.
   • Companies focusing on expanding their plant-based product portfolios.
2. Global and Ethnic Flavors
   • Increasing interest in diverse global and ethnic flavors.
   • Food companies incorporating unique and authentic flavors into their products.
3. Clean Label Products
   • Rising demand for clean label products with transparent ingredient lists.
   • Consumers seeking natural and minimally processed food options.
4. Single-Serve and Portion Control
   • Surge in popularity of single-serve and portion-controlled packaging.
   • Catering to consumer preferences for convenience and moderation.
5. Ready-to-Eat and Microwaveable Meals
   • Growing demand for ready-to-eat and microwaveable meal options.
   • Convenience-driven products gaining traction in the market.

Potential Boon for Food and Beverage Companies
Falling prices of crops due to overcapacity present a potential boon for food and beverage companies seeking increased profit margins. In response to this phenomenon, the Cabinet Committee on Economic Affairs in India announced a bailout package for farmers involved in sugar production. This overproduction may result in low raw material costs for food and beverage companies, offering an opportunity for higher profit margins. Companies in the ambient food manufacturing sector stand to benefit by increasing productivity in this conducive environment.

Key Players Shaping the Market
Major players operating in the canned and ambient food market play a pivotal role in steering the industry’s growth. Companies such as Nestle S.A., Abbott Laboratories, and The Kraft Heinz Company are among the industry giants driving innovation and market expansion. Their strategic initiatives and market positioning contribute significantly to the dynamics of the canned and ambient food sector.

Innovations Driving Profitability
Companies in the canned and ambient food market are actively innovating to enhance profitability. A notable example is Del Monte Foods Inc.’s introduction of Gut Love and Boost Me Fruit Infusions in April 2022. These fruit cup snacks are infused with natural ingredients and crafted with genuine fruit, catering to health-conscious and on-the-go consumers. The Boost Me variant, featuring mangos and pineapples, includes green coffee extract, antioxidants, and juice with flavors of mango and dragon fruit. The Gut Love variant incorporates pineapples in pineapple ginger-flavored juice fortified with antioxidants and natural ingredients like turmeric and ginger.

Market Segmentation: A Comprehensive Look

1. By Type
   • Fruit and Vegetable Canning
   • Specialty Canning
   • Dried and Dehydrated Food
2. By Application
   • Food
   • Snacks
   • Intermediate Products
   • Condiments
   • Other Applications
3. By Distribution Channel
   • Supermarkets/Hypermarkets
   • Convenience Stores
   • E-Commerce
   • Other Distribution Channels

Regional Dominance: Western Europe Takes the Lead
In 2023, Western Europe emerged as the largest region in the canned and ambient food market. This regional dominance underscores the significant role Western Europe plays in steering the industry forward.

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The Canned And Ambient Food Global Market Report 2023  provides an overview of the canned and ambient food market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The canned and ambient food market forecast analyzes canned and ambient food market size, canned and ambient food market share, leading competitor and their market positions.

The Table Of Content For The Canned And Ambient Food Market Include:
1. Canned And Ambient Food Market Executive Summary
2. Canned And Ambient Food Market Segments
3. Canned And Ambient Food Market Size And Canned And Ambient Food Market Growth Rate
4. Key Canned And Ambient Food Market Trends
5. Major Canned And Ambient Food Market Drivers
……
25. Key Mergers And Acquisitions In The Canned And Ambient Food Market
26. Top Canned And Ambient Food Companies
27. Canned And Ambient Food Market Opportunities And Strategies
28. Canned And Ambient Food Market, Conclusions And Recommendations
29. Appendix

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