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Canned Meat Market Size, Industry Analysis Report By Bifurcated (Beef, Seafood, Poultry, Pork), By Distribution Channel (supermarket and hypermarket, specialty store, online) & Region – Forecast

  • PUBLISHED ON
  • 2024-10-03
  • NO OF PAGES
  • 200
  • CATEGORY
  • Food & Beverages
The Canned Meat Market: Overview
The Canned Meat Market is valued at around USD 12.8 billion in 2022 and is expected to reach USD 24.2 billion by 2030, registering a CAGR of 6.6% over the forecast period. Meat that has been kept in cans or tins is referred to as canned meat. Meat is typically cut and processed into cans for long-term preservation, whether it is cooked or raw. It is a great source of nutrients when fresh meat is not an option because it is packed with critical elements including proteins, omega-3 fatty acids, fibre, and others.

The Canned Meat Market - Growth Factor
The demand for protein-rich and convenient foods has significantly increased over the past few years due to rising health consciousness among consumers, and the trend is expected to continue throughout the course of the forecast period. As a result, the producers of canned meat will have lucrative chances. People spend a lot of money on things that are canned, like canned beef, canned pig, and canned chicken. The poultry meat segment has the highest market share of all of these. Compared to other materials, it is simpler to store and has a longer storage life. All of the product's contents and expiration dates are listed on the label of canned beef. However, the global market is anticipated to develop at a strong CAGR of 6.6% over the forecast period due to the growing popularity of canned meat products because of its high nutritional profile and extended shelf life (2022-2032). High-quality, protein-rich food that is stable at room temperature and very handy is available in canned form. Compared to fresh beef products, it is less expensive and has a longer shelf life. Over the course of the assessment period, market growth is anticipated to be boosted by increased consumer awareness of the numerous advantages of canned meat products.

The Canned Meat Market – Market Trends
• The industry for meat processing and canning is seeing an increase in investments and partnerships as a result of the expanding demand for various meat products. Numerous investors employ a variety of strategies, including joint ventures, acquisitions, the launch of new products, and acquisitions, among others.
• for investments in the industry for canning meat. Many meat businesses decide to analyse from a sustainability standpoint, taking the future scenario into account. Many businesses compute their environmental and carbon footprints to guide their investment choices.
• These calculations employ a variety of water, climate, and land variables. Additionally, businesses are collaborating with various culinary research organisations to produce new products for the meat canning industry.
• Due to the rising demand for meat products that are a nutritious source of protein, businesses are investing in the meat sector.

The Canned Meat Market – Segmentation
The Canned Meat Market fragrance concentrates market has been sub-classified into input meat type, distribution channel.

On the basis of meat type, the Canned Meat Market is bifurcated into:
• Beef
• Seafood
• Poultry
• Pork
• others

On the basis of distribution channel, the market is segmented into:
• supermarket and hypermarket
• specialty store
• online
• others

The Canned Meat Market –Regional Analysis
North America dominated the global Canned Meat Market, to rule the canned meat business globally in terms of both market revenue and market share. It is anticipated that it will keep its dominance over the projection period as a result of the expanding increase in demand for canned meat across numerous industries and rising end-user demand.

The Canned Meat Market – Key Market players
Global key players of Canned Meat Market include JBS Foods, Tyson Food Inc., Danish Crown A.M.B.A., Hormel Foods Corporation, Oceans Secret, China Kuyu, Industrial Co. Ltd., Pronas, Bejing Yuanyoung Hongxing Food Co. Ltd., Keystone Meats, Wild Planted Foods, Conagra Brands, Inc., Zwanenberg Food Group, and others.

Report scope
Global Canned Meat Market: Historical Years- 2018-2021
Global Canned Meat Market: Forecast Years- 2022-2030
Global Canned Meat Market 2022- USD 12.8 billion
Global Canned Meat Market 2030- USD 24.2 billion
Global Canned Meat Market CAGR- 6.6%

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Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).

Solution

The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.

Market Estimates and Forecast

In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.

Case Study- ICT Sector

Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.


Business Solution

An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.


Conclusion

The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.


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