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Global Canned Fruit Market: Snapshot

Canning of food products is a food preservation technique that uses a mix of heating and storing procedures in airtight containers to significantly extend the shelf life of the foods by killing all the microorganisms that cause food spoilage. Virtually any variety of food product that is processed or harvested can be canned. The procedure has played a key role in provisioning armies with sufficient rations and has also been key in making available a variety of food products known or harvested in only a certain geography to new regional markets. 

Although the consumer today has many options and can find food fresh for longer durations owing to technologically advanced storage and freezing methods, there was a time when a number of foods were only available in the canned form. Even now, canned foods remain a crucial part of any contemporary pantry. 

This report on the global market for canned fruits provides a comprehensive overview of the present growth dynamics of the global market for canned fruits. The report states that the market will exhibit a 3.3% CAGR over the period between 2013 and 2019, rising from a valuation of US$8,626.6 mn in 2012 to US$10,827.7 mn in 2019. 

Evolving Food Habits of Global Consumers to Drive Growth

The steadily changing and evolving food habits of the global population have significantly increased the global consumption of canned fruits in the past few years. Factors such as high disposable incomes, rapid rate of urbanization, rising numbers of nuclear households, and busy lifestyles are driving the increased demand for convenience foods. These trends have made canned fruits an integral part of pantries of families across the globe. In addition, the easy availability of a wide range of canned fruits and the understanding that canned fruits deliver better nutritional value and economical costs as compared to fresh fruits are improving the demand for canned fruits. 

However, the steady rise in the demand for minimally processed or fresh produce is expected to gradually erode the market in the next few years. Moreover, the increased inclination on easting outside food and the significant reduction in home cooking practices also continue to have a negative impact on the overall demand for canned fruits. 

Europe to Continue to Remain Leading Contributor of Revenue to Global Canned Fruit Market

Europe held the dominant share of nearly 45% in the global canned fruit market in 2012. North America followed with a 34.5% of the global market in the same year. Collectively, the markets for canned fruit Europe and North America clearly have a strong hold on the overall development of the global canned fruit market and are expected to remain at the helm of the market’s future development. These regional markets are driven due to factors such as the high preference to convenience foods, busy lifestyles, and high disposable incomes. However, these regions will observe slow to stagnant growth over the report’s forecast period owing to the rising demand for organic and fresh food products. 

The competitive landscape of the global canned fruit market had a largely consolidated nature in 2012, with the top three companies, namely Del Monte, Dole Food Company, Inc., and Seneca Foods Corporation, accounting for over 55% of the overall market. Other leading vendors operating in the global canned fruit market are Coca Cola Amatil Limited, H.J. Heinz Company, ConAgra Foods Inc., Rhodes Food Group, Pinnacle Foods Inc., and Princes Group.

The canned fruits market is currently dominated by Europe, followed by North America. However, the growth in these two regional canned fruits markets is expected to slow down as Asia-Pacific witnesses significant progress. Emerging economies such as China, Japan, India, and Australia have largely contributed towards the growth of the canned fruits market in Asia-Pacific. 
The research report analyzes the global canned fruits market, providing a detailed segmentation of key regions and product types. Important demand and supply trends have been tracked closely, evaluating their impact on the global canned fruits market. In addition to this, growth drivers, restraints, and future opportunities have been highlighted and assessed at length. Historic, current, and future statistics in terms of canned fruits market size, volume, and industry share provided in the report enable clients to devise well-informed strategies.
The report on the canned fruits market also provides a comprehensive analysis of the industry leaders covering key aspects such as company overview, product portfolio, financial summary, business strategies, recent developments in the canned fruits segment, Porter’s Five Forces analysis, and SWOT analysis.
Overview of the global canned fruits market
The demand for canned fruits has grown in recent years owing to rapid urbanization, increase in disposable income, and growing number of nuclear families. As a result, there has been a drastic change in lifestyle, food habits, and purchasing patterns, leading to greater consumer appeal for canned fruits. Cheaper and environment friendly raw material is another factor driving the canned fruits market, together with a rising trend of organic food products. 
On the other hand, concerns regarding nutrition value of canned fruits, availability of alternatives such as frozen foods, and lengthy and strict government guidelines are anticipated to restrain the canned fruits market.
The report states that the global canned fruits market was worth US$8,626.6 million in 2012 and, growing at a 3.3% CAGR from 2013 to 2019, is expected to be worth US$10,827.7 by 2019. Europe led the global canned fruits market, accounting for 45.2% of the industry share in 2012. North America followed next with 34.5% of the global demand for canned fruits. Factors such as increasing penetration of international food brands, changing lifestyle and food habits, and growing trade relations have greatly influenced the Asia-Pacific canned fruits market and the region is expected to register a 3.8% growth rate during the forecast period.
Companies mentioned in the research report 
The research report evaluates the competitive landscape of the global canned fruits market, identifying and profiling key market players. Some of the notable participants of the canned fruits market are CHB Group, Dole Food Company, Inc., Coca Cola Amatil Limited, Del Monte Corporation, ConAgra Foods Inc., Princes Group, Pinnacle Foods Inc., H.J. Heinz Company, Rhodes Food Group, and Seneca Foods Corporation.
Major geographies analyzed under this research report are: 
  • EMEA
  • North America 
  • Asia-Pacific 
  • Rest of the World 
This report gives you access to decisive data such as:
  • Market growth drivers 
  • Factors limiting market growth
  • Current market trends 
  • Market structure
  • Market projections for the coming years 
Key highlights of this report
  • Overview of key market forces propelling and restraining market growth 
  • Up-to-date analyses of market trends and technological improvements 
  • Pin-point analyses of market competition dynamics to offer you a competitive edge
  • An analysis of strategies of major competitors 
  • An array of graphics and SWOT analysis of major industry segments 
  • Detailed analyses of industry trends
  • A well-defined technological growth map with an impact-analysis 
  • Offers a clear understanding of the competitive landscape and key product segments

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Canned Fruits Market

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