Canned Fruits Market: Evolving Food Habits of Global Consumers to Drive Growth

The global canned fruits market is highly concentrated with the top three players accounting for over 50% of the total market in 2012. Some of the players in the market include Dole Food Company, Inc., H.J. Heinz Company, ConAgra Foods, Seneca, and Del Monte. Most of the companies operating in canned fruits market own various brands, Transparency Market Research (TMR) finds in a new study. For instance, Del Monte has a wide range of brands such as Contadina, Del Monte, College Inn, S&W, and many others.

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 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.

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The global canned fruits market is segmented on the basis of geography into North America, Asia Pacific, Europe, the Middle East and Africa, and Rest of the World. In terms of regions, Europe held a massive share of 40% in the global canned fruits market in 2012. North America followed this region with a share of 30%.

According to research analysts, Asia Pacific is expected to surpass the leading markets in terms of growth rate as this region’s canned fruit market is likely to rise at a CAGR of 3.8% from 2013 to 2019. Rising disposable incomes, shifting food preferences, and changing demographics will govern the canned fruits market in the coming years in Asia Pacific. The growing number of working women, hectic lifestyles, and changing purchasing patterns are all expected to have a huge impact on the shape of the global canned fruits market in the coming years.