Canned Meat Market Size (2024 - 2029)

Canned Meat Market Analysis

During the time frame of the forecast, the canned meat market is expected to grow at a CAGR of 8.23%.

The market is mainly driven by the rising urban population that prefers easy and convenient food and the demand for healthy food rich in protein, functional fibers, vitamins, and omega-3 fatty acids. Consumers willing to spend a little more for the products offering such properties, coupled with the demand for small, manageable, remanageable-to-cook meat, seafood, and organic canned fruits and vegetables, are thus fueling market sales. The canned meat market is driven by various other factors such as shelf stability, perceived hygiene associated with canned meat products, convenience, and other such factors. Additionally, there has been a growth in the demand for canned seafood due to the fact that the protein content of seafood is superior to that of meat and poultry and is a great source of high-quality protein. Omega-3s, iron, B and D vitamins, and protein are just a few of the essential components found in seafood that are necessary for health and wellness at any age. The proteins, vitamins, and omega-3 fatty acids found in fish and shellfish are crucial for developing strong bones, the brain, a strong heart, and a robust immune system.

Furthermore, the rising awareness of the ills of plastic packaging and the demand for a sustainable solution, as well as the increasing recycling rates globally, have been further driving the market. Local enterprises understand the tastes of local consumers, whereas overseas brands frequently manufacture food with a Western flavor. However, as the population across the globe is more open to Western food, this could be a strength of foreign brands. For example, in the year 2022, the Australian Trade and Investment Commission (Austrade) partnered with Vietnam's key seafood importers to launch the Australian Seafood Festival from June to July 2022.

Canned Meat Industry Segmentation

Meat that has been preserved in cans or tins is referred to as canned meat. Meat is typically chopped and processed into cans for long-term preservation, whether it is cooked or raw. It has evolved into an ideal healthy alternative when fresh meat is not an option since it contains significant amounts of crucial nutrients, including proteins, omega-3 fatty acids, fibers, etc. The canned meat market studied is segmented into product type, distribution channel, and geography. Based on the product type, the market is segmented into seafood meats, poultry meats, red meats, and other product types. Based on the distribution channel, the market is segmented into off-trade and on-trade. Off-trade is further segmented into supermarkets and hypermarkets, specialty stores, online retail stores, and other off-trade channels. Also, the study analyzes the canned meat market in emerging and established markets worldwide, including North America, Europe, Asia-Pacific, South America, the Middle East, and Africa. For each segment, the market sizing and forecasts have been done on the basis of value (in USD million).