The Latin America, Middle East and Africa Canned Food Market would witness market growth of 5.3% CAGR during the forecast period (2024-2031). In the year 2027, the LAMEA market's volume is expected to surge to 725.8 Kilo Tonnes, showcasing a growth of 6.8% (2024-2031).
Canned fish and seafood products are a prominent segment within the canned food market, known for their convenience, long shelf life, and nutritional benefits. This category includes items such as canned tuna, salmon, sardines, mackerel, and shellfish. These products are particularly valued for their high protein content, omega-3 fatty acids, and essential vitamins and minerals. Thus, the Brazil market consumed 23.81 kilo tonnes of Canned fish and seafood products in 2023.
The Brazil market dominated the LAMEA Canned Food Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $2,829.3 million by 2031. The Argentina market is showcasing a CAGR of 6% during (2024 - 2031). Additionally, The UAE market would register a CAGR of 4.9% during (2024 - 2031).
Consumers seek convenient food options that are also transparently labeled. This includes clear information on ingredients, nutritional value, and sourcing practices. The rise of e-commerce platforms presents new opportunities for the market. Online retailers allow for wider customer reach and the possibility of offering curated subscription boxes with specific dietary needs or ethnic cuisines in mind.
Aseptic packaging involves sterilizing the food and the packaging container separately before filling. This allows for lighter, more flexible packaging options while maintaining a long shelf life. This technology opens doors for innovative packaging formats, like single-serve pouches or resealable containers. New processing techniques are being explored to improve the flavor and texture of canned food. This could involve innovative layering techniques within the can to create flavor profiles closer to fresh ingredients or advancements in pre-cooking methods to preserve the natural texture of vegetables and proteins.
The growth of the food retail sector in the UAE results in a wider distribution network for canned food products. According to the United States Department of Agriculture, in 2021, UAE was the second-largest food service industry in the Arab Gulf Cooperation Council (GCC) region. The total value of the UAE’s hotel, restaurant, and institutional sector amounted to $12.3 billion, marking a substantial increase of nearly 17 percent compared to the figures recorded in 2020. As the seafood industry grows in South Africa, the market has a greater availability of canned seafood products. Canned tuna, sardines, salmon, mackerel, and other seafood items become more accessible to consumers through retail outlets and grocery stores. As per the Food and Agriculture Organization of the United Nations, South Africa’s export of fish and seafood more than doubled from USD 273 million in 2000 to USD 619 million in 2020. In conclusion, the expansion of the food retail sector and the rising seafood industry drive the market's growth.
Free Valuable Insights: The Worldwide Canned Food Market is Projected 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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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