Canned Meat Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Canned Meat Market
The Canned Meat market size was valued at USD 31.12 billion in 2023, and the market is now projected to grow from USD 32.48 billion in 2024 to USD 46.85 billion by 2032, exhibiting a CAGR of 4.68% during the forecast period of 2024-2032.
The COVID-19 pandemic brought about a lot of problems for cattle producers. Finally after overcoming that initial shock, these manufacturers looked for solutions to the bottlenecking in the supply chain to meet demand. Some of the cattle manufacturers could make this happen through directly contacting the end consumers and selling their products through online portals in Canned Meat Market growth. This resulted in a huge opportunity for the manufacturers to exploit the changing market needs and to adopt new channels to reach the end consumers.
The increasing demand for easy to prepare food is anticipated to be the main factor that will make the canned meat market to grow. In a situation where consumers have started preferring food that is easy to prepare and take to go without needing to compromise on flavor or quality, canned meat proves to be a viable option. The growing demand for no-fuss eating items is expected to contribute to the expansion of the Canned Meat market share where market players can create innovations and design products that would convey the needs of the consumers.
A market trend has been noticed as sustainable packaging and responsible food labeling products recently. Consumers' growing understanding of what goes into their food is influencing the changes of the processed food industry where clear labeling and consumer awareness are becoming a new norm. The future of the transparently labeled food products is bright. The use of products with clear and transparent labels by consumers opens the way for meat processors to develop a product line featuring labeled items. This may also lead to a positive financial outcome when customers are willing to pay more for such products.
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The Canned Meat market and Food & Beverages industry is rising at an exponential rate due to its market segmentation. These segmentations are methodically segregated by Product Type Analysis, by Distribution Channel Analysis. The Product Type Analysis includes bacon, luncheon meat, sausage, ham, corned beef, and others. The Distribution Channel Analysis includes supermarkets/hypermarkets, online retail, specialty stores and others.
The North America region lead the Canned Meat market by benefitting a market size of USD 9.8 billion in 2023 due to the rising adoption rate of products in numerous countries, inclusive of the U.S., Canada, and Mexico.
The top players in the market play a crucial role in the Food & Beverages industry assuring industrial prospectus growth and setting market standards. These players include, Tyson Foods, Inc. ( U.S.), Hormel Foods Corporation ( U.S.), Bolton Group ( Italy), Smithfield Foods, Inc. ( U.S.), Conagra Brands Inc. (U.S.), Vion Group ( Netherlands), Keystone Meats ( U.S.), McCallum Industries (New Zealand), Werling & Sons, Inc. (U.S.), JBS SA ( Brazil) these market players provide a level-playing competitive landscape.
In November 2022, Smithfield Europe accepted to buy Goodies Meat Production SRL, a manufacturer of private-label packaged meat products, for the retail channel. The company operated this factory in the smaller town of Ceptura de Jos, Prahova. It offers such product range as salami, ham, bacon, etc. This acquisition is likely to make Smithfield Europe more powerful in its existing market business.
Segmentation Table
Attribute Details
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 4.68% from 2024 to 2032
Unit Value (USD Billion)
Segmentation By Product Type
Luncheon Meat
Ham
Sausage
Bacon
Corned Beef
Other
By Distribution Channel
Supermarkets/Hypermarkets
Specialty Stores
Online Retail
Others
By Region
North America (By Product Type, Distribution Channel, and Country)
Europe (By Product Type, Distribution Channel, and Country)
Asia Pacific (By Product Type, Distribution Channel, and Country)
South America (By Product Type, Distribution Channel, and Country)
Middle East & Africa (By Product Type, Distribution Channel, and Country)
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- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 3.4. Market Trends
- 4. Key Insights
- 4.1. Market Overview of Global Processed Meat Market
- 4.2. Overview of Global Meat Production and Consumption
- 4.3. Industry SWOT Analysis
- 4.4. Recent Industry Developments - Policies, Partnerships, New Product Launches, and Mergers & Acquisitions
- 4.5. Supply Chain Landscape
- 4.6. Qualitative Analysis Related to COVID-19
- 4.6.1. Impact of COVID-19 on the Market
- 4.6.2. Supply Chain Challenges Amidst Pandemic
- 4.6.3. Potential Opportunities due to COVID-19
- 5. Global Canned Meat Market Analysis, Insights and Forecast, 2019-2032
- 5.1. Key Findings / Summary
- 5.2. Market Size Estimates and Forecast
- 5.2.1. By Product Type
- 5.2.1.1. Luncheon Meat
- 5.2.1.2. Ham
- 5.2.1.3. Sausage
- 5.2.1.4. Bacon
- 5.2.1.5. Corned Beef
- 5.2.1.6. Others
- 5.2.2. By Distribution Channel
- 5.2.2.1. Hypermarkets/Supermarkets
- 5.2.2.2. Specialty Stores
- 5.2.2.3. Online Retail
- 5.2.2.4. Others
- 5.2.3. By Region
- 5.2.3.1. North America
- 5.2.3.2. Europe
- 5.2.3.3. Asia Pacific
- 5.2.3.4. South America
- 5.2.3.5. Middle East & Africa
- 6. North America Canned Meat Market Analysis, Insights, and Forecast, 2019-2032
- 6.1. Key Findings / Summary
- 6.2. Market Size Estimates and Forecast
- 6.2.1. By Product Type
- 6.2.1.1. Luncheon Meat
- 6.2.1.2. Ham
- 6.2.1.3. Sausage
- 6.2.1.4. Bacon
- 6.2.1.5. Corned Beef
- 6.2.1.6. Others
- 6.2.2. By Distribution Channel
- 6.2.2.1. Hypermarkets/Supermarkets
- 6.2.2.2. Specialty Stores
- 6.2.2.3. Online Retail
- 6.2.2.4. Others
- 6.2.3. By Country (Value)
- 6.2.3.1. U.S.
- 6.2.3.2. Canada
- 6.2.3.3. Mexico
- 7. Europe Canned Meat Market Analysis, Insights and Forecast, 2019-2032
- 7.1. Key Findings / Summary
- 7.2. Market Size Estimates and Forecast
- 7.2.1. By Product Type
- 7.2.1.1. Luncheon Meat
- 7.2.1.2. Ham
- 7.2.1.3. Sausage
- 7.2.1.4. Bacon
- 7.2.1.5. Corned Beef
- 7.2.1.6. Others
- 7.2.2. By Distribution Channel
- 7.2.2.1. Hypermarkets/Supermarkets
- 7.2.2.2. Specialty Stores
- 7.2.2.3. Online Retail
- 7.2.2.4. Others
- 7.2.3. By Country (Value)
- 7.2.3.1. France
- 7.2.3.2. Spain
- 7.2.3.3. U.K.
- 7.2.3.4. Italy
- 7.2.3.5. Germany
- 7.2.3.6. Rest of Europe
- 8. Asia Pacific Canned Meat Market Analysis, Insights and Forecast, 2019-2032
- 8.1. Key Findings / Summary
- 8.2. Market Size Estimates and Forecast
- 8.2.1. By Product Type
- 8.2.1.1. Luncheon Meat
- 8.2.1.2. Ham
- 8.2.1.3. Sausage
- 8.2.1.4. Bacon
- 8.2.1.5. Corned Beef
- 8.2.1.6. Others
- 8.2.2. By Distribution Channel
- 8.2.2.1. Hypermarkets/Supermarkets
- 8.2.2.2. Specialty Stores
- 8.2.2.3. Online Retail
- 8.2.2.4. Others
- 8.2.3. By Country (Value)
- 8.2.3.1. China
- 8.2.3.2. India
- 8.2.3.3. South Korea
- 8.2.3.4. Philippines
- 8.2.3.5. Australia
- 8.2.3.6. Rest of Asia Pacific
- 9. South America Canned Meat Market Analysis, Insights, and Forecast, 2019-2032
- 9.1. Key Findings / Summary
- 9.2. Market Size Estimates and Forecast
- 9.2.1. By Product Type
- 9.2.1.1. Luncheon Meat
- 9.2.1.2. Ham
- 9.2.1.3. Sausage
- 9.2.1.4. Bacon
- 9.2.1.5. Corned Beef
- 9.2.1.6. Others
- 9.2.2. By Distribution Channel
- 9.2.2.1. Hypermarkets/Supermarkets
- 9.2.2.2. Specialty Stores
- 9.2.2.3. Online Retail
- 9.2.2.4. Others
- 9.2.3. By Country (Value)
- 9.2.3.1. Argentina
- 9.2.3.2. Brazil
- 9.2.3.3. Rest of South America
- 10. Middle East & Africa Canned Meat Market Analysis, Insights and Forecast, 2019-2032
- 10.1. Key Findings / Summary
- 10.2. Market Size Estimates and Forecast
- 10.2.1. By Product Type
- 10.2.1.1. Luncheon Meat
- 10.2.1.2. Ham
- 10.2.1.3. Sausage
- 10.2.1.4. Bacon
- 10.2.1.5. Corned Beef
- 10.2.1.6. Others
- 10.2.2. By Distribution Channel
- 10.2.2.1. Hypermarkets/Supermarkets
- 10.2.2.2. Specialty Stores
- 10.2.2.3. Online Retail
- 10.2.2.4. Online Sales Channel
- 10.2.3. By Country (Value)
- 10.2.3.1. South Africa
- 10.2.3.2. UAE
- 10.2.3.3. Rest of Middle East & Africa
- 11. Competitive Matrix
- 11.1. Business Strategies Adopted by Leading Players
- 11.2. Global Canned Meat Market Revenue Share/Ranking Analysis, By Key Manufacturer
- 12. Company Profiles
- 12.1. Hormel Foods Corporation
- 12.1.1. Overview
- 12.1.2. Description
- 12.1.3. Product Portfolio
- 12.1.4. Financials (Data as available in public domain and/or on paid databases)
- 12.1.5. Recent Developments
- 12.2. Tyson Foods, Inc.
- 12.2.1. Overview
- 12.2.2. Description
- 12.2.3. Product Portfolio
- 12.2.4. Financials (Data as available in public domain and/or on paid databases)
- 12.2.5. Recent Developments
- 12.3. Bolton Group
- 12.3.1. Overview
- 12.3.2. Description
- 12.3.3. Product Portfolio
- 12.3.4. Financials (Data as available in public domain and/or on paid databases)
- 12.3.5. Recent Developments
- 12.4. Smithfield Foods, Inc.
- 12.4.1. Overview
- 12.4.2. Description
- 12.4.3. Product Portfolio
- 12.4.4. Financials (Data as available in public domain and/or on paid databases)
- 12.4.5. Recent Developments
- 12.5. Vion Group
- 12.5.1. Overview
- 12.5.2. Description
- 12.5.3. Product Portfolio
- 12.5.4. Financials (Data as available in public domain and/or on paid databases)
- 12.5.5. Recent Developments
- 12.6. Conagra Brands, Inc.
- 12.6.1. Overview
- 12.6.2. Description
- 12.6.3. Product Portfolio
- 12.6.4. Financials (Data as available in public domain and/or on paid databases)
- 12.6.5. Recent Developments
- 12.7. McCallum Industries
- 12.7.1. Overview
- 12.7.2. Description
- 12.7.3. Product Portfolio
- 12.7.4. Financials (Data as available in public domain and/or on paid databases)
- 12.7.5. Recent Developments
- 12.8. Keystone Meats
- 12.8.1. Overview
- 12.8.2. Description
- 12.8.3. Product Portfolio
- 12.8.4. Financials (Data as available in public domain and/or on paid databases)
- 12.8.5. Recent Developments
- 12.9. Werling & Sons, Inc.
- 12.9.1. Overview
- 12.9.2. Description
- 12.9.3. Product Portfolio
- 12.9.4. Financials (Data as available in public domain and/or on paid databases)
- 12.9.5. Recent Developments
- 12.10. JBS SA
- 12.10.1. Overview
- 12.10.2. Description
- 12.10.3. Product Portfolio
- 12.10.4. Financials (Data as available in public domain and/or on paid databases)
- 12.10.5. Recent Developments
- 13. Appendix
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