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Introduction

The canned lamb market has experienced robust growth in recent years and is poised for further expansion. With a notable increase in market size and a steady compound annual growth rate (CAGR), this sector reflects a strong consumer demand for convenience and nutritional benefits.

Current Market Overview

• Market Size and Growth:
  • 2023: $1.48 billion
  • 2024: Expected to grow to $1.55 billion
  • CAGR: 5.0%
• Historical Growth Drivers:
  • Increased convenience demand
  • Urbanization and stockpiling during COVID-19
  • Rising awareness of lamb’s nutritional benefits
  • Economic development in emerging markets

Future Projections

• 2028 Forecast:
  • Market Size: Expected to reach $1.89 billion
  • CAGR: 5.1%
• Growth Factors:
  • Focus on protein-rich diets
  • Advances in canning and preservation technology
  • Aggressive marketing strategies
  • Popularity of paleo and keto diets
  • Food security concerns favoring long-shelf-life products
• Major Trends:
  • Innovations in canning technology
  • Increased online sales
  • New flavors and product launches
  • Development of grass-fed options

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Rising Meat Consumption and Its Impact

• Meat Consumption Trends:
  • Increasing global meat production: 365 million metric tons in 2022, a 0.8% growth from 2021
  • Higher meat consumption driven by rising incomes and urbanization
• Canned Lamb’s Role:
  • Provides a convenient, long-lasting meat option
  • Enhances accessibility and availability of meat products

Major Companies in the Market

• Key Players:
  • Tyson Foods Inc.
  • Hormel Foods Corp.
  • Perdue Farms Inc.
  • Alliance Group Limited
  • AFFCO Holdings Limited
  • Others
• Focus Areas:
  • Developing innovative products
  • Expanding processing operations

Innovations and Developments

• Organic and Lab-Cultivated Lamb:
  • Organic Canned Lamb: Raised without synthetic pesticides or antibiotics
  • Lab-Cultivated Lamb: Example: Future Meat Technologies developed non-GMO lab-cultivated lamb for burgers and kababs
• Recent Acquisition:
  • Minerva Foods and SALIC: Acquired Australian Lamb Company Pty Ltd. for $258 million to expand lamb processing in Australia

Market Segmentation

• By Type: Fresh, Frozen
• By Application: Ready Meals, Restaurants, Catering, Emergency Food Supply
• By Distribution Channel: Supermarkets, Convenience Stores, Independent Retailers, Online
• By End-User: Human, Animal

Regional Insights

• North America: Dominated the canned lamb market in 2023

Conclusion

The canned lamb market continues to thrive with significant growth potential. Driven by consumer preferences for convenience, nutritional benefits, and innovative products, the sector is set to expand further. As companies innovate and adapt to emerging trends, the market is expected to see continued robust growth and diversification.

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The Canned Lamb Global Market Report 2024  provides a comprehensive outlook of the canned lamb market for the historic years (2010 – 2021) and ten years forecast (2023 – 2032). The canned lamb market forecast offers a thorough analysis on canned lamb market size, canned lamb market share, prominent players and their strategies.

The Table Of Content For The Canned Lamb Market Include:

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

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