U.S. Canned Food Market Size, Share & Trends Analysis By Type (Organic, Conventional), By Product (Fruits & Vegetables, Meat Products), By Distribution Channel (Foodservice), By Region, And Segment Forecasts, 2024 - 2030

U.S. Canned Food Market Size, Share & Trends Analysis By Type (Organic, Conventional), By Product (Fruits & Vegetables, Meat Products), By Distribution Channel (Foodservice), By Region, And Segment Forecasts, 2024 - 2030

U.S. Canned Food Market Growth & Trends

The U.S. canned food market size is expected to reach USD 41.0 billion by 2030, registering a CAGR of 5.5%, according to a new report by Grand View Research, Inc. owing to the rise in demand for convenience food products which in turn is expected to have a positive impact on industry growth.

The market is subjected to regulations on food quality and processing, for safe consumption. The regulations are spread over to processing, harvesting and canning of food products according to the regional presence. Large number of imports are noted for the U.S. from Asia Pacific region and thus the companies need to abide to the rules mentioned by the U.S.

The industry in U.S. is subjected to regulations concerning the ingredients and their composition, safety, packaging, and labeling of canned foods by the U.S. FDA. The FDA regulations specifies the standards to maintain the quality of canned foods sold by various companies, and also prescribes the format of information displayed on the product labels.

The industry exhibits the presence of a significant number of substitutes in frozen and dried products category. The players are involved in drying of products that provide similar benefits of convenience and extended storage lifetimes. The price of substitutes is found to be in similar range as canned food and thus switching cost is less leading to a lower threat of substitutes.

U.S. Canned Food Market Report Highlights

• The ready meals market is expected to witness significant growth at a CAGR of 6.5% over the forecast period owing to the widespread demand from the working class population.
• Conventional food secured the dominant market share with 87.7% in 2023. These foods are produced by using traditional farming methods and are more accessible and cost-effective compared to their organic counterparts.
• The retail segment registered the dominant market share with 68.7% in 2023. Large-scale retail channels such as supermarkets & hypermarkets, and convenience stores offer convenient and one-stop shopping experiences for consumers.

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