The Asia Pacific Canned Food Market would witness market growth of 4.3% CAGR during the forecast period (2024-2031). In the year 2022, the Asia Pacific market's volume surged to 2,406.3 Kilo Tonnes, showcasing a growth of 14.6% (2020-2023).
Canned fruits and vegetables represent a significant segment within the canned food market. These products are popular due to their long shelf life, convenience, and nutritional value. Canning preserves the freshness and flavor of fruits and vegetables, making them available year-round regardless of seasonality. This segment includes a wide range of items such as canned peaches, pineapples, tomatoes, beans, and corn. Thus, the India market consumed 183.52 kilo tonnes of Canned fruits and vegetables in 2023.
The China market dominated the Asia Pacific Canned Food Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $11,336.9 million by 2031. The Japan market is registering a CAGR of 3.6% during (2024 - 2031). Additionally, The India market would showcase a CAGR of 4.9% during (2024 - 2031).
Canned food plays a crucial role in food security in developing countries. Its long shelf life minimizes spoilage and ensures a consistent food supply, especially in regions with limited access to fresh produce or reliable refrigeration. Additionally, this food is a vital component of emergency preparedness kits. Its long shelf life and no refrigeration requirement make it ideal for natural disasters or power outages.
The market constantly adapts to changing consumer preferences and technological advancements. Consumers increasingly demand higher-quality food options, including organic or non-GMO ingredients, ethnic flavors, and ready-to-heat or pre-seasoned canned meals. Environmental concerns drive a push for sustainable practices in the food industry, including exploring alternative packaging materials, reducing waste during the canning process, and sourcing ingredients from sustainable farms.
As the retail sector expands, a wider distribution network for these food products across India exists. This increased availability makes these foods more accessible to consumers, including those in tier 2 and 3 cities where modern retail outlets are expanding. As per the National Investment Promotion & Facilitation Agency, the Indian retail sector is projected to develop at a 25% annual rate, reaching $1.1 trillion by 2027 and $2 trillion by 2032. Moreover, with the growth of the food processing industry in China, there has been a corresponding increase in the production capacity of these food products. According to the United States Department of Agriculture, China’s food processing industry steadily grew. In 2023, China’s food production grew by 2.9 percent in value over the previous year. This was 1.9 percent higher than average industrial growth. In the next few years, China is expected to continue importing increasing volumes of food ingredients. Therefore, the growth of the food processing industry alongside the expanding retail sector in the region is driving the market's expansion.
Free Valuable Insights: The Global Canned Food Market is Predict to reach USD 151.3 Billion by 2031, at a CAGR of 3.7%
Based on Type, the market is segmented into Conventional and Organic. Based on Distribution Channel, the market is segmented into Hypermarkets & Supermarkets, Food Service, Convenience Stores, Online and Others. Based on Product, the market is segmented into Canned Fruits & Vegetables, Canned Fish & Seafoods, Canned Meat Products, Canned Ready Meals, Canned Condiments, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Australia, Malaysia, and Rest of Asia Pacific.
By Type (Volume, Kilo Tonnes, USD Billion, 2020-31)
By Distribution Channel (Volume, Kilo Tonnes, USD Billion, 2020-31)
By Product (Volume, Kilo Tonnes, USD Billion, 2020-31)
By Country (Volume, Kilo Tonnes, USD Billion, 2020-31)
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