Canned Fruits Market Strongly Driven by Rising Global Demand

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 canned fruits market 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.

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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.