The Asia and Africa Food Cans Market size is estimated at USD 6.97 billion in 2024, and is expected to reach USD 9.58 billion by 2029, growing at a CAGR of 6.57% during the forecast period (2024-2029).
COVID-19 has brought a slew of changes to food consumption. Food and grocery purchase patterns highlighted the changing consumer preferences; shelf-stable foods and canned goods were positioned on top of the grocery shopping list. Moreover, newer products were aligned to have immune system boosting ingredients and nutritional aspects. Frozen foods, among Asian consumers amid the COVID-19 pandemic, garnered growth during lockdowns and tightening economics.
The Asian and African food cans market is characterized by moderate competitiveness among key market players and an increase in the number of new entrants. Market players are further focusing on research and development to integrate advanced functions and capabilities into media players. The companies keep on innovating and entering strategic partnerships to retain their market share.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook