Table of Contents
Overview
New York, NY – April 24, 2025 – The global Canned Food Market is growing steadily, driven by increasing consumer demand for convenient, long-lasting, and nutritious food options. In 2024, the market was valued at USD 104.4 billion and is projected to reach USD 145.8 billion by 2034, expanding at a compound annual growth rate (CAGR) of 3.4% from 2025 to 2034.
In 2024, canned fruits and vegetables commanded a 34.2% market share, leading the canned food market. Their dominance stems from high demand for affordable, shelf-stable produce that requires no refrigeration. Conventional canned foods held an 87.3% share of global sales in 2024, dominating the market. Metal packaging led with a 67.4% market share in 2024, driven by its durability and superior preservation qualities. Retail channels captured a 68.4% share of the canned food market in 2024, driven by consumer preference for supermarkets, hypermarkets, convenience stores, and grocery outlets.
US Tariff Impact on Market
In March 2025, the U.S. imposed a 25% tariff on all steel and aluminum imports, including tin mill steel used in canned food packaging. This move has significantly increased production costs for canned food manufacturers, as approximately 70% of tin mill steel used in the U.S. is imported.
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Companies like Conagra have indicated potential price hikes to offset these increased costs. The tariffs have also led to a surge in consumer purchases of canned goods, with a 29% increase in canned and jarred vegetable sales immediately following the announcement. While the tariffs aim to bolster domestic metal production, they have introduced volatility into the canned food market, affecting pricing, sourcing, and consumer behavior.
Key Takeaways
- Global Canned Food Market is expected to be worth around USD 145.8 billion by 2034, up from USD 104.4 billion in 2024, and grow at a CAGR of 3.4% from 2025 to 2034.
- In 2024, canned fruits and vegetables held a 34.2% share in the product-wise canned food market.
- Conventional canned food products dominated with an 87.3% market share, reflecting consumer preference for traditional options.
- Metal packaging remained the top choice, accounting for 67.4% of the canned food market packaging material.
- Retail distribution led the market with a 68.4% share, driven by strong supermarket and grocery store sales.
- Europe’s canned food grew steadily, securing 42.20% of the global market value.
Analyst Viewpoint
The Canned Food Market presents a stable yet evolving opportunity. Shelf-stable meals. Emerging markets in Asia-Pacific and Latin America offer strong potential due to expanding middle-class populations and modern retail penetration. However, investors should be cautious of risks like fluctuating raw material costs (steel, aluminum) and competition from fresh and frozen food alternatives.
Sustainability concerns around packaging waste also pose challenges, pushing companies to innovate with eco-friendly solutions. Consumer preferences are shifting toward healthier canned options, such as low-sodium, organic, and preservative-free products, creating room for premiumization.
Technology is playing a key role, with advancements in aseptic canning and smart labeling improving shelf life and traceability. On the regulatory front, stricter food safety laws (like FDA and EU standards) may increase compliance costs and build consumer trust. While inflation and supply chain disruptions remain risks, the market’s resilience during economic downturns, thanks to canned food’s affordability, makes it a relatively safe bet.
Report Scope
| Market Value (2024) | USD 104.4 Billion |
| Forecast Revenue (2034) | USD 145.8 Billion |
| CAGR (2025-2034) | 3.4% |
| Segments Covered | By Product (Canned Fruits and Vegetables, Canned Meat Products, Canned Fish/Seafoods, Canned Ready Meals, Canned Condiments, Others), By Type (Organic, Conventional), By Packaging Material (Metal, Plastic, Glass, Others), By Distribution Channel (Food Service, Retail (Hypermarkets and Supermarkets, Convenience Stores, Online, Others)) |
| Competitive Landscape | Ayam Sarl, Bonduelle SA, Bumble Bee Foods, Campbell Soup Company, CHB Group, Conagra Brands, Inc., Del Monte Foods, Inc., Dole Food Company, Inc., Hormel Foods Corporation, JBS S.A., Kraft Heinz Company, Nestlé S.A, Mitsubishi, Thai Union Group PCL, The Bolton Group |
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Key Market Segments
By Product Analysis
- In 2024, canned fruits and vegetables commanded a 34.2% market share, leading the canned food market. Their dominance stems from high demand for affordable, shelf-stable produce that requires no refrigeration. Urban and semi-urban consumers favor these for their convenience, long shelf life, and minimal waste. Popular items like canned corn, peas, beans, peaches, and pineapples are staples in quick meals. Stable demand from government food programs, schools, and hospitals, combined with strong retail presence across supermarkets, small stores, and online platforms, drives growth.
By Type Analysis
- Conventional canned foods held an 87.3% share of global sales in 2024, dominating the market. Their affordability, widespread availability, and consumer familiarity fuel this lead. Conventional products, including canned tuna, beans, soups, and fruits, are staples for households, emergency kits, and pantry stocking, especially in areas with limited fresh food access. Large-scale production and distribution networks ensure reach across urban and rural markets. Bulk purchases by schools, catering services, and relief programs further boost sales.
By Packaging Material Analysis
- Metal packaging led with a 67.4% market share in 2024, driven by its durability and superior preservation qualities. Tin-plated steel and aluminum cans, used for vegetables, meats, seafood, and soups, offer contamination resistance and extended shelf life. Metal’s compatibility with high-heat sterilization ensures product safety for long-term storage. Its tamper-proof design builds consumer trust, while recyclability and established waste collection systems support sustainability. Metal packaging meets large-scale logistics and storage demands, making it ideal for retail and institutional supply chains.
By Distribution Channel Analysis
- Retail channels captured a 68.4% share of the canned food market in 2024, driven by consumer preference for supermarkets, hypermarkets, convenience stores, and grocery outlets. These offer high product visibility, accessibility, and promotional deals, attracting budget-conscious and impulse buyers. Canned fruits, vegetables, meats, and ready meals dominate shelf space, supporting bulk and emergency purchases in urban and semi-urban areas. Private-label canned goods enhance affordability and loyalty. Strategic product placement in high-traffic store areas boosts sales.
Regional Analysis
- Europe led the global canned food market in 2024, capturing a 42.2% share valued at USD 44 billion. High demand for convenient, shelf-stable foods in Germany, France, and the UK, driven by busy lifestyles and urban growth, fuels this dominance.
- North America held steady, with strong consumption in the U.S. and Canada. Asia-Pacific saw gradual growth, particularly in Japan and South Korea, where long-lasting packaged meals have gained popularity. The Middle East & Africa recorded moderate expansion, supported by improved retail networks and a rising working-class population. Latin America showed promise, with urban demand for affordable, preserved foods growing in Brazil and Mexico.
Top Use Cases
- Emergency Food Supplies: Canned foods are ideal for emergency kits due to their long shelf life and no need for refrigeration. They provide nutritious, ready-to-eat options like soups, vegetables, and meats, ensuring food security during natural disasters or crises, making them a staple for households and relief programs.
- Convenient Meal Solutions: Busy professionals and families rely on canned foods for quick meals. Products like canned beans, tuna, and ready meals save time, requiring minimal preparation. Their versatility in recipes, from salads to casseroles, makes them popular for home cooking, especially in fast-paced urban lifestyles.
- Institutional and Foodservice Use: Schools, hospitals, and restaurants use canned foods for bulk meal preparation. Canned fruits, vegetables, and sauces ensure a consistent supply and quality, reducing prep time and waste. Their affordability and long shelf life make them cost-effective for large-scale foodservice operations.
- Outdoor and Travel Food: Canned foods are perfect for camping, hiking, or traveling due to their portability and durability. Items like canned seafood, meats, and fruits provide nutritious, non-perishable meals without refrigeration, catering to adventurers and travelers in remote locations.
- Health-Conscious Diets: Organic and low-sodium canned foods meet growing demand for healthier options. Canned vegetables and fruits retain nutrients, offering convenient alternatives to fresh produce. They appeal to health-conscious consumers seeking clean-label, non-GMO, or plant-based products for balanced diets.
Recent Developments
1. Ayam Sarl
- Ayam Sarl, known for its Asian-inspired canned seafood, has expanded its product line with new ready-to-eat curry and coconut milk-based canned meals, targeting convenience-seeking consumers. The company has also invested in sustainable packaging, reducing BPA in can linings. Their focus on authentic flavors has driven growth in European and North American markets.
2. Bonduelle SA
- Bonduelle has launched a plant-based canned vegetable range, responding to rising vegan demand. They’ve also partnered with European retailers for carbon-neutral canned products, aligning with stricter EU sustainability laws. Innovations include easy-open, recyclable cans to reduce environmental impact.
3. Bumble Bee Foods
- Bumble Bee introduced high-protein, low-mercury canned tuna variants, catering to health-conscious buyers. They’ve also adopted blockchain traceability to ensure ethical sourcing. A recent recall over packaging defects impacted sales, but recovery efforts are strong.
4. Campbell Soup Company
- Campbell’s expanded its “Well Yes!” line with organic, nutrient-dense canned soups. They acquired Rao’s Homemade to diversify into premium sauces, signaling a shift toward higher-margin canned goods. Supply chain automation has cut costs.
5. CHB Group
- CHB Group, a Thai seafood canning leader, is boosting exports to China and the U.S. after FDA compliance upgrades. Their new spicy tuna and sardine flavors target Gen Z consumers. Labor shortages in Thailand remain a challenge.
Conclusion
The Canned Food Market is steadily growing, fueled by the need for convenient, long-lasting food options. Despite challenges like global tariffs and rising material costs, the industry adapts through innovation and sustainability efforts. With increasing demand in emerging markets and a focus on health-conscious products, the future of canned foods looks promising. Companies that embrace these trends and prioritize quality are well-positioned to thrive in this evolving landscape.
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