Canned
preserved food market has significant growth potential in Asia
Pacific and Latin America especially in countries like India China,
Brazil, Argentina and various others. The demand for canned preserved
food is primarily fuelled by the rapid increase in the purchasing
power of the consumers along with the change in the lifestyle pattern
of the consumers. The market penetration rate of canned preserved
food in Asia Pacific and Latin America is currently low compared to
the other regions such as North America and Europe but the growth
potential in these regions is significantly high.
Influence
of the western culture in terms of feeding habits has greatly
affected the consumers in the developing regions. Increasing busy
lifestyle of the consumers have led them towards the consumption of
canned preserved food which is ready-to-eat, hence being time
efficient. Owing to the increasing working population among both the
genders in Asia Pacific and Latin America, the consumption of canned
preserved food has been widely adopted among the consumers in these
regions. In addition, growing urbanization is also driving the demand
for canned preserved food market in Asia Pacific and Latin America
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Transfer
of can components to the food inside the can is a major restraining
factor for the canned preserved food market. The harmful can
components get transferred to the contents stored in it. The presence
of harmful substances such as Bisphenol A (an ingredient used to coat
the inner surface of the can) which is an endocrine disruptor
(chemical that interferes with the hormone system in mammals) could
lead to cancerous tumors, birth disorders and several other
development disorders. In addition, the presence of lead could also
cause poisoning.
The
market penetration for canned preserved food in Asia Pacific and
Latin America is currently low therefore there is significant
potential for growth. The growth potential is attributed to the shift
in the dietary habits of the consumers residing in Asia Pacific and
Latin America and the increasing disposable income of the consumers.
Due to these factors, the major players operating in the canned
preserved food market are looking to penetrate these regions for
expansion opportunities.
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Canned
fish dominated the Asia Pacific and Latin America canned preserved
food market acquiring for over 35.0% of the total market. Canned meat
held the second largest market share covering more than 29.0% of the
total market. Asia Pacific dominated the canned preserved food market
in Asia Pacific and Latin America covering more than 60% of the total
market. China is the major contributor for canned preserved food
followed by India. The market share of the Latin American countries
is comparatively low, but the growth potential seems optimistic in
this region.
The
canned preserved market in Asia Pacific and Latin America is marked
with aggressive competition by some major players. Expansions,
mergers and acquisitions, partnerships are some of the main
strategies adopted by the players to strengthen their market
presence. DelMonte Pacific Ltd., H.J. Heinz Company, MTR Foods,
ConAgra Foods Inc., Pinnacle Foods Inc. are some of the major players
operating in the canned preserved food market in Asia Pacific and
Latin America.
The
report has been segmented by product type, application type, and
geography and it includes drivers, restraints and opportunities
(DRO’s), of the canned preserved food market. The study highlights
current market trends and provides forecasts from 2015 to 2021. We
have featured the current market scenario for the Asia Pacific and
Latin America canned preserved food market and identified future
trends that will impact demand for canned preserved food during the
forecast period.
The
Asia Pacific and Latin America canned preserved food market has been
segmented into following types based on their product types including
canned meat, canned fish, canned fruits, canned vegetables and
others.
The
report also analyzes factors driving and inhibiting growth of the
canned preserved food market. The report will help manufacturers,
suppliers, and distributors to understand the present and future
trends in this market and formulate strategies accordingly.
The
report segments the Canned Preserved Food Market as:
Asia
Pacific and Latin America Canned Preserved Food Market by Product
Type
- Canned Meat
- Canned Fish
- Canned Fruits
- Canned Vegetable
- Others
Asia
Pacific and Latin America Canned Preserved Food Market by Geography
Asia
Pacific
- India
- China
- Rest of Asia Pacific
Latin
America
- Brazil
- Argentina
- Chile
- Rest of Latin America
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