The global canned goods market was valued USD 20,820.5 million in 2021 and is expected to exhibit a CAGR of 3.8% over the forecast period from 2021 to 2030, as per a market study by Quince Market Insights.
Food canning is a food preservation technique that entails sealing and sterilizing food in airtight containers. Among the different canned food goods available on the market are seafood, meat, fruits, vegetables, meals, sweets & desserts, soups & sauces, beans, lentils, and pastas. Canned foods have become one of the most popular preserved food products on the market because the canning procedure maintains several vital ingredients.
Consumer preference for convenience food products has risen in recent years as a result of their hectic lifestyles. Canned foods have become one of the most popular preserved food options among customers due to its great nutrient, color, and flavor retention.
The need for healthy food high in protein, functional fibers, vitamins, and omega-3 fatty acids is mostly driven by the growing urban population, which seeks easy and convenient eating. Consumers willing to pay a little more for products with such features, together with the desire for tiny, easy-to-cook meat and seafood, as well as organic canned fruits and vegetables, are driving market sales. Furthermore, rising awareness of the negative effects of plastic packaging, as well as need for a sustainable alternative and rising recycling rates around the world, have fueled the industry.