Canned Fruits Market

Canned Fruits Market

Growth Factors of Canned Fruits Market

The canned fruits market size was valued at USD 11.90 million in 2023, and the market is now projected to grow from USD 12.27 million in 2024 to USD 16.23 million by 2032, exhibiting a CAGR of 3.55% during the forecast period of 2023-2030.

Due to the covid pandemic many companies shut down their prediction units and projects due to hindered travel acquisitions which ultimately created a decline in the canned fruits market growth. As the companies requires workers and skilled professional to work on projects and to manage the manufacturing of products but due to covid pandemic the working scenario has been hindered to avoid social gathering and follow covid guidelines. Due to covid pandemic, the production and supply chain of the various food industries led to decline which significantly affected the market growth. The government-imposed restrictions on social gathering and outing of peoples, due to which consumers are bound to prepare their food on their own, especially canned fruits.

Growing consumer preference for ready-to-eat goods will increase demand for canned fruits augment market growth during projected period. Customers find these characteristics fascinating, which leads to a rise in the use of canned goods. Consumer awareness of them is further increased by additional benefits including the desired taste and nutritional content, as well as convenience of storage and transportation. Their simple integration into a variety of culinary dishes can help promote their use and boost sales of the product. Such factors will augment canned fruits market growth.

Additionally, due to increased demand for canned products has fueled market growth significantly. However, as time goes on, an increasing number of working couples who are dedicated to their separate careers find themselves with little time for home tasks. This situation has hence increased reliance on canned goods. As a result, producers ought to endeavor to introduce novel preserved fruits and other goods that support a healthy work-life balance.

Comprehensive Analysis of Canned Fruits Market

The canned fruits market and food industry is rising at an exponential rate due to its market segmentation. This market expansion effectively provides a detailed geographical assessment considering the dominant supply and demand forces that impact the pharmacy benefit management industry. These segmentations are methodically segregated by types, by form and distribution channel. The types segment includes Canned Peaches, Canned Pears, Canned Pineapples, Canned Oranges, and Others and by form include, Whole Fruits and Cut Fruits. However, the distribution channel includes Supermarkets/Hypermarkets, Specialty Stores, Online Retail, and others. Canned peaches hold the major canned fruits market share during projected period.

In canned fruits market, The North America region lead the medical devices market by benefitting a market size of USD 5.31 billion in 2023 owing to growing demand for canned products and growing consumer preferences towards ready-to-eat products.

The prominent players in the market play a crucial role in the healthcare industry assuring industrial prospectus growth and setting market standards. These players include, Del Monte Foods (U.S.), Dole Food Company (Ireland), The Kraft Heinz Company (U.S.), Seneca Foods Corporation (U.S.), CHB Group (Greece), Rhodes Food Group (South Africa), Roland Foods (U.S.), Delicia India Foods Pvt. Ltd. (India), Greenyard Foods (Belgium) and Oregon Fruit Products (U.S.) these market players provide a level-playing competitive environment across the globe.

In February 2024, A U.S. food firm named Del Monte Foods won the Product of the Year award in the field of product innovation. By offering items based on customer tastes, this new award honors the brand's history and ongoing innovation in new products. This gives the business the chance to introduce distinctive canned fruits in an effort to reach a larger consumer base.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Unit Value (USD Billion)

Growth Rate CAGR of 3.55% from 2024 to 2032

Segmentation By Type

• Canned Peaches
• Canned Pears
• Canned Pineapples
• Canned Oranges
• Others

By Form

• Whole Fruits
• Cut Fruits

By Distribution Channel

• Supermarkets/Hypermarkets
• Specialty Stores
• Online Retail
• Others

By Geography

• North America (By Type, Form, Distribution Channel and Country)

- U.S. (By Form)

- Canada (By Form)

- Mexico (By Form)

• Europe (By Type, Form, Distribution Channel and Country)

- Germany (By Form)

- U.K. (By Form)

- Spain (By Form)

- Italy (By Form)

- France (By Form)

- Rest of Europe (By Form)

• Asia Pacific (By Type, Form, Distribution Channel, and Country)

- China (By Form)

- India (By Form)

- Japan (By Form)

- Australia (By Form)

- Rest of the Asia Pacific (By Form)

• South America (By Type, Form, Distribution Channel and Country)

- Brazil (By Form)

- Argentina (By Form)

- Rest of South America (By Form)

• Middle East & Africa (By Type, Form, Distribution Channel and Country)

- UAE (By Form)

- South Africa (By Form)

- Rest of the Middle East & Africa (By Form)


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