South America Canned Fruits Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

South America Canned Fruits Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The South America Canned Fruits Market size is estimated at USD 627.84 million in 2024, and is expected to reach USD 815.05 million by 2029, growing at a CAGR of 5.36% during the forecast period (2024-2029).

South America, with its diverse and abundant fruit production, has wide resources for fruit canning. Major producers, including Brazil, Argentina, Chile, and Colombia, lead the pack. Canned fruits, offering convenience and extended shelf life, are particularly favored by busy consumers seeking quick, ready-to-eat options. Canned fruits are integral to South American cuisine, featuring prominently in a variety of dishes, from desserts to savory meals, infusing them with their distinct flavors and textures. As urbanization accelerates in South America, households are shrinking, fueling the demand for convenient foods, notably canned fruits. Data from the World Bank highlights this trend. In 2023, urban population in Brazil reached 88% of its total, while Peru accounted for 79%. The proliferation of modern retail outlets, such as supermarkets, is making canned fruits more accessible. For instance, DIA, a supermarket chain, allocated a substantial USD 100 million between 2021 and 2023 for new store openings and renovations in Argentina. This remodeling initiative spanned seven provinces, including Buenos Aires, Entre Ríos, and Santa Fe. The surge in online channels and e-commerce platforms is further propelling the growth of canned fruit market in the region.

South America Canned Fruits Market Trends

Pineapple Is Liked By Consumers Across The Region

Pineapple, a tropical favorite, is highly favored in the region for its culinary adaptability. In 2022, Brazil, a standout in South America, produced a notable 2.3 million metric tons of pineapples, as per FAOSTAT. While fresh pineapples remain popular locally, it is the industrial sector that propels the demand for canned varieties, crucial for items like jams and baked goods. A staple in South American cuisine, pineapples feature prominently in both sweet and savory dishes. Canned pineapples, with their year-round availability and extended shelf life, streamline the preparation of traditional dishes like pineapple empanadas, ensalada de frutas, pineapple alfajores, and pollo a la brasa with a pineapple glaze. Moreover, their ease of use makes them a go-to for consumers seeking quick meal solutions. The rising demand for pineapples, both in households and the commercial sector, is fueled by a growing awareness of their nutritional benefits and culinary flexibility.

Brazil Is The Largest Consumer Of Canned Fruit

The country has abundant production of pineapple, which is further processed into canned fruits and other items. In 2022, the Brazilian Institute of Geography and Statistics reported a pineapple output of approximately 1.56 billion units, marking a marginal uptick from the previous year production of around 1.55 billion units. As working population in the country expands, time constraints are nudging them towards the convenience of canned fruits. Canned fruits are used in various culinary applications, including desserts, baking, and savory dishes, making them a versatile ingredient in Brazilian cuisine. Notably, the market is witnessing a shift towards more user-friendly and environmentally conscious packaging. From single-serve portions to resealable options, the emphasis is on convenience and sustainability. This aligns well with the preferences of eco-conscious consumers, who show a clear inclination towards recyclable or recycled packaging materials. Responding to this demand, companies like Predilecta are diversifying their offerings, presenting both single-serve sachets and large canned fruit options in jars.

South America Canned Fruits Industry Overview

The South American canned fruit market is highly competitive owing to the presence of multiple national and international players offering a wide range of products to maintain their position in the market. Key players are also increasing their manufacturing capacity to attain a competitive advantage. With a growing consumer preference for healthier choices, many market participants are focusing on offering organic and naturally grown canned fruit options. Overall, the South American canned fruit market is poised for robust development, driven by the efforts of key players to meet the dynamic needs of health-conscious consumers.The major players operating in the market are Del Monte Foods, Inc., Aconcagua Foods SA, Dole plc, Conservas Oderich SA, and Angelo Auriccho & CIA LTDA.

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