Wednesday, August 19, 2020

Canned Food Market to Witness Growth Acceleration During 2019-2026 - Conagra Brands, Kraft Heinz, Nestlé

Canned foods are the food products that are preserved by sterilizing and sealing them in airtight containers. Canning of food products is done to extend their shelf life, coupled with high quality and high nutritional value. The global canned food market was valued at $91.4 billion in 2018 and is anticipated to reach $124.8 billion by 2026, with a CAGR of 3.9% during the forecast period. Canned food is available in the market in a range of product types such as seafood, meat, meals, beans, lentils, fruits, vegetables, soups & sauces, sweets & desserts, and pastas. Additives such as spices, flavors, and seasonings are used to enhance the aroma, taste, and consistency of the canned food products. Food & beverages manufacturers have invested a lot in R&D to enhance characteristics, taste, or nutritional value of canned food.

Major Key Players of the Canned Food Market are:
Del Monte Foods, Conagra Brands, Kraft Heinz, Nestlé, Campbell Soup Company, JBS, CHB Group, AYAM, Danish Crown, and Bolton Group.



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