Global Canned Food Market Size is Expected to Grow to $13.6 Billion by 2028

Global Canned Food Market Overview

According to Global Market Monitor, the global canned food market size will reach $10.84 billion and is expected to grow to $13.6 billion by 2028. There are many kinds of canned food, including meat, seafood, vegetables, fruits, and soup. Canned food usually needs no preservatives and can be stored for one to five years.

The Change in Lifestyles Drives the Growth of the Canned Food Market.

With the development of the modern economy, people's life rhythm is gradually accelerated, and fast, instant and simple ready-to-eat products have become the choice of more people. Canned foods are also nutritious, safe, affordable, convenient, and sustainable and contain almost the same nutrients as fresh food. Protein, carbohydrates, fats, and fat-soluble vitamins and minerals, such as vitamins A, D, E, and K, are still conserved in canned food. Some canned foods can also have a higher level of nutrition than ordinary foods. For example, tomatoes and corn have higher antioxidants after heating, so the according canned food may contain higher antioxidants than usual.

The Canned Food Industry is Facing Fierce Competition.

There are many well-known enterprises with rich product systems in the world, such as Conagra Brands, Campbell Soup, and Kraft Heinz, which have launched fierce market share competition. In addition, with the increasing consumption of instant products in recent years, the market demand is constantly rising, attracting more participants to enter the market. China is the world's largest canned food production country with abundant agricultural resources, complete infrastructure, and relatively low labor costs. China has a large export volume of canned food, actively grabbing market share. Intensive market competition and more market participants pose certain challenges to the quality, flavor, and sales channels of canned food.

Company Name	Conagra Brands
Website	www.conagrabrands.com
Established Time	1919
Plants Distribution	Mainly in North America
Sales Region	Worldwide
Business Overview	Conagra Brands, Inc. headquartered in Chicago, is one of North America's leading branded food companies. Guided by an entrepreneurial spirit, Conagra Brands combines a rich heritage of making great food with a sharpened focus on innovation. The company’s portfolio is evolving to satisfy people's changing food preferences.