Canned Fruits Market Size, Share, Growth, and Industry Analysis, By Type (Peaches, Pineapple, Mandarin Oranges, Pears, and Others), By Application (Supermarkets/Hypermarkets, Convenience Stores, Online Retail, and Others) and Regional Forecast to 2032

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CANNED FRUITS MARKET REPORT OVERVIEW

Global Canned Fruits Market size, valued at USD 27.9 billion in 2023, is expected to climb to USD 37.97 billion by 2032 at a CAGR of 3.48% during the forecast period.

The raw, uncut and fruits that have been prewashed are placed into cans and ready to eat are known as canned fruits. To extend the shelf life of these products, specific preservation techniques are applied when storing the canned fruits. To further get rid of all bacteria and germs, the cans are heated to extremely high temperatures. Bifurcated into numerous segments and a variety of products this market is witnessed to withstand even under extreme conditions and it is still found to be flourishing.

Its expansion has accelerated due to the availability of high-quality products and the rise in people's disposable money. Moreover, the e-commerce zones show to be an effective instrument for growth. Important market players are using acquisitions and mergers to diversify their companies. Emerging technology in the canning process have contributed to growth to some extent. This factor has augmented the canned fruits market growth.

COVID-19 IMPACT

"Market Growth Obstructed by Pandemic due to Lockdown"

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

On the market for canned fruits, the Covid-19 epidemic has had varying effects. Although buying in stocks and piling it up and panic buying of goods boosted the sales of this particular product service, the market was later negatively impacted and drastically affected by reduced consumer spending and supply chain disruptions. Nonetheless, canned fruits' lengthy shelf life ensured a steady demand by making them a dependable option for customers in unsure times. These factors brought a lot of challenges in front of the canned fruits market share but past pandemic these challenges have been faced and put to rest since then.

LATEST TRENDS

"Technology and its Advancements to Drive Market Growth"

Some of the key factors anticipated to propel the growth of the canned fruits and vegetables market include advances in canning technology brought about by increased research and development in food processing facilities and processes, an expanding network of distribution for canned food items, and the long shelf life of canned fruits and vegetables.

MARKET SEGMENTATION

By Type

Based on type the global market can be categorized into Peaches, Pineapple, Mandarin Oranges, Pears, and Others amongst which the leading segment is the Peaches.

• Peaches:The Eastern Chinese province of Zhejiang is where the peach, a deciduous tree, was initially tamed and farmed.
• Pineapple:It is basically a tropical fruit which yellow and sweet flavoured with a partially thorny exterior.
• Mandarin Oranges:It is a type oranges which are specially grown in china and are expoerted all over the world.
• Pears:Taste similar to that of an apple with sour bud only shaped differently and green in colour pear is a healthy fruit.

By Application

Based on application the global market can be categorized into Supermarkets/Hypermarkets, Convenience Stores, Online Retail, and Others amongst which the leading segment is the Supermarkets/Hypermarkets.

• Supermarkets/Hypermarkets:Its is a basically a shop which provides self services in buying of household goods and also food items.
• Convenience Stores:It is similar to a supermarket only with limited stocks and also extensive hours of service.
• Online Retail:These are nothing but Online services of buying and delivering of goods throught retail applications and websites.

DRIVING FACTORS

"Minimalized Processing to Boost the Market"

A steady rise in the consumption of fresh and minimally processed fruit has had a significant effect on the canned fruit business. Because of this, big brand manufacturers are restructuring and repackaging their products to fit the minimally processed fruit product line extensions that they are extending from canned fruits. Bulk fruit cans could be introduced and sold through mass merchandisers and inexpensive food merchants in order to boost sales.

"Urbanization to Expand the Market"

The primary drivers of the canned fruit market's expansion are the growing number of urban working people and the booming demand for packaged and canned goods. The people adopt to ready-to-eat types of food items so as to save time due to growing urbanisation. The population's growing awareness of the health benefits of fruits, changing and evolving lifestyles, the increasing penetration of e-commerce platforms, particularly in developing economies, and manufacturers' increasing focus on launching novel and inventive products are all significant factors driving the growth of the canned fruit market.

RESTRAINING FACTOR

"High Costs to Impede Market Growth"

Strict laws governing the materials and additives used in canned fruits and vegetables, along with expensive can product packaging, may restrict the market's expansion throughout the projected period. A significant obstacle to the market expansion for canned fruits will be the widespread availability of fresh fruits. The growth rate of the canned fruits industry will also be hampered by the high costs of canned food and research and development capabilities.

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REGIONAL INSIGHTS

The market is primarily segmented into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa.

"Asia Pacific Dominating the Market due to Advanced Technology"

The demand for processed meals is growing as a result of the Asia Pacific region's social development. This particular region is experiencing a proliferated amount os sales as this region is progressing at much faster pace as compared to others and major lifestyle changes of the population here have been witnessed. The population's constant growth and fast-paced lifestyle are the main causes of the increased demand for ready-to-eat foods. There is a need to create healthier options with longer shelf lives due to the rising demand for processed meals. Because they are readily usable and easy to handle, canned fruits end up being the perfect solution for any application that calls for fruit pieces.

KEY INDUSTRY PLAYERS

"Market Players to Invest in Collaborations To Sustain Market Presence"

The market's competitive landscape is consolidated, with a few prominent competitors operating at the global and regional levels. Product development and strategic alliances are being pursued by key players to extend their respective product portfolios and achieve a strong foothold in the global market. They also use techniques such as mergers and acquisitions, partnerships, distribution agreements, partnerships, advertisements, and celebrity endorsements to gain a competitive advantage in the market.

List of Top Canned Fruits Companies

• Delicia Foods (India)
• La Doria (Italy)
• Seneca Foods (U.S.)
• Kraft Heinz (U.S.)
• Rhodes Food (South Africa)

INDUSTRIAL DEVELOPMENT

October 2021:The Food Warehouse Stores, an online retailer, and Iceland have partnered with Del Monte Food, Inc. to introduce the Del Monte frozen fruit brand. Del Monte frozen raspberries and Dal Monte frozen blueberries are only two of the many frozen fruit options the corporation introduced to satisfy the expanding consumer demand.

REPORT COVERAGE

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.