How Is Consumer Preference Shaping the US Canned Foods Market?

from How Is Consumer Preference Shaping the US Canned Foods Market?

The development of the industry is anticipated to be driven by improvements in distribution infrastructure, the resulting rise in demand for ready-to-eat food items, affordability of canned food, and shifting consumer lifestyles. The market indicates that there are big players buying smaller businesses, and these players cut prices as a result of the fierce competition. As a result of asset sales and higher fixed costs associated with automated processes, it has also been noted that the exit barriers for businesses that produce canned food are high, which has heightened competition among rivals.

U.S. Canned Foods Market size was valued at USD 31.3 billion in 2023 and is poised to grow from USD 32.96 billion in 2024 to USD 49.82 billion by 2032, growing at a CAGR of 5.3% during the forecast period (2025-2032).

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An estimated USD 22.23 billion will be spent on American spending by 2026. Their consumption has increased in the United States as a result of the advantages of these foods and sustainable agricultural practices. Due to canned foods' many advantages, such as their simplicity of preparation and extended shelf life, the industry is expected to grow in the United States.

High volume and poor product margin are the fundamental features of the marketplace. With manufacturing companies sourcing their input from a wide range of suppliers, it is expected that the supplier power will be weak. With companies offering products for private customers, the retail sector is seen to be fragmented.

Market Segmentation:

U.S. Canned Foods Market is segmented by Type, Product, Distribution Channel.

Based on Type, the market is segmented into Organic and Conventional.

Based on Product, the market is segmented into Canned Fruits & Vegetables, Canned Meat Products, Canned Fish/ Seafoods, Canned Ready Meals, Canned Condiments and Others.

Based on Distribution Channel, the market is segmented into Retail and Foodservice.

U.S. Canned Foods Market Key Players:

Campbell's (United States)

Conagra Brands (United States)

Kellogg Company (United States)

General Mills (United States)

Del Monte Foods (United States)

Seneca Foods (United States)

B&G Foods (United States)

Hormel Foods Corporation (United States)

Dole Food Company, Inc. (United States)

Bumble Bee Foods, LLC (United States)

StarKist Co. (United States)

ICICLE SEAFOODS, INC. (United States)

LDH (La Doria) Ltd (United Kingdom)

American Tuna, Inc. (United States)

Tri Marine Group (United States)

Essential regions of the U.S. Canned Foods market are:

• U.S. Canned Foods North America Market includes (Canada, Mexico, USA)

• U.S. Canned Foods Europe Market includes (Germany, France, Great Britain, Italy, Spain, Russia)

• U.S. Canned Foods Asia-Pacific Market includes (China, Japan, India, South Korea, Australia)

• Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa)

• U.S. Canned Foods South America Market includes (Brazil, Argentina)

FAQs: -

1. What are the sales, production, consumption, imports, and exports of the global market (North America, Europe, Asia-Pacific, South America, Middle East, and Africa)?

2. Who are the major manufacturers who dominate the world market?

3. What are their current capacity, production, sales, pricing, cost, gross, and revenue operating levels?

4. What are the market's risks and opportunities?

What's more, it likewise covers the request and give of the promoting research concentrate in the assessed figure time frame. Explained investigation of the market players with their profile, deals examination and serious scene is given in the report. Besides, organization, joint effort and consolidations in the business are referenced for the accommodation of the investigation of the global U.S. Canned Foods industry.

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Looking ahead, the U.S. Canned Foods Market is poised for continued growth, driven by evolving consumer preferences and ongoing innovations. The trend towards sustainability is expected to strengthen, with more consumers seeking products that align with their values. Additionally, the integration of advanced technologies and digital platforms will likely further enhance market accessibility and consumer engagement. The global U.S. Canned Foods Market is a dynamic and evolving landscape, shaped by a confluence of trends and factors.

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How Is Consumer Preference Shaping the US Canned Foods Market?