Tinned Fruits Industry Analysis:
Tinned Fruits Industry size was around USD 9.81 billion in 2016. It is expected to grow at a CAGR of 3.5% to reach USD 11.65 billion by 2023.
But still, the gradual rise in the demand for minimally processed or fresh produce is anticipated to gradually erode the market in the forecast period. Furthermore, the growing inclination on eating outside food and the considerable reduction in home cooking practices also continue to have a negative impact on the market for canned fruits.
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Detailed Segmentation of the Canned Fruits Market:
- Organic Fruits
- Inorganic Fruits
By Distribution Channel:
- Convenience Stores
- Specialist Retailers
- Online Retails
Regional Analysis of the Market:
By geography, the market is segmented into Latin America, North America, Middle East and Africa, Europe and Asia Pacific. Europe held the market share of nearly 45% in 2012. This trend is likely to continue in the forecast period. North America holds a 34.5% of the market. These regional markets are growing because of the factors such as busy lifestyles, the high preference for convenience foods, and rising disposable incomes. But still, these regions are likely to observe sluggish growth over the aforementioned forecast period due to the growing demand for organic and fresh food products.
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Top leading key Players:
Major players in this market are Coca Cola Amatil Limited, H.J. Heinz Company, ConAgra Foods Inc., Rhodes Food Group, Pinnacle Foods Inc., Del Monte, Dole Food Company, Inc., and Seneca Foods Corporation.
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