Summary
Canned Meat Market Research Report Information By Meat Type (Pork, Poultry, Beef, Seafood, Others), By Distribution Channel (Supermarkets & Hypermarkets, Convenience Stores, Specialty Stores, Online, and Others), and By Region (North America, Europe, Asia-Pacific, And Rest of the World) Market Forecast Till 2030
Market Overview
The canned meat business is expected to develop at a compound annual growth rate (CAGR) of 2.5% over the forecast period (2020–2030). For those who are busy and want something quick to prepare and eat. Canned meat is swiftly sold and consumed; they are the primary market drivers accelerating industry expansion.
The tinned meat business is a subset of the food sector that manufactures and sells meat products stored in metal containers. Canned meat products comprise a variety of meats, including beef, hog, chicken, turkey, fish, and others, which are cooked, seasoned, and occasionally combined with other ingredients such as vegetables, sauces, or spices. Canned meat products are convenient, shelf-stable, and simple to cook, making them popular with consumers looking for a quick and fulfilling dinner. Factors influencing the canned meat business include consumer tastes, health awareness, environmental concerns, and raw material availability. Trends and advances in meat production, packaging, and distribution have an impact on the canned meat sector as well.
Many market growth drivers influence the current canned meat market. For example, people in metropolitan areas who prefer canned meat to fresh meat are a big driver of market growth. The hectic pace of life in cities has led residents to seek out quick fix eating options. People choose canned beef because it is high in protein and convenient to eat. Because of its ease and cost, canned beef is in high demand in cities and semi-urban areas.
Market Segment insights
The Canned Meat market is segmented by type, which includes pork, poultry, beef, seafood, and others.
The Global Canned Meat Market is divided into five segments based on distribution channel: supermarkets and hypermarkets, convenience stores, specialty stores, online, and others.
Regional insights
The analysis covers market insights for North America, Europe, Asia-Pacific, and the rest of the world. The North American canned meat industry is predicted to develop at a substantial CAGR over the study period. This is ascribed to those who are busy and prefer something easy to prepare and eat. Canned meat is swiftly sold and consumed throughout the region.
The European canned meat industry accounts for the second-largest market share, owing to increased public awareness of the benefits of canned meat, which represents one of the important commercial opportunities. Consumers are becoming increasingly aware of the convenience and nutritional value of canned beef.
The Asia-Pacific Canned Meat Market is projected to develop at the quickest CAGR by 2030. This is attributable to the rise of the food processing industry, which has increased regional product demand.
Key Companies
The major players in the canned meat market are American Tuna, Inc. (US), Wild Planet Foods (US), Bumble Bee Seafoods (US), Maruha Nichiro Corporation (Japan), Vion Food Group (Netherlands), Hormel Foods Corporation (US), JBS (Brazil), Meat Maniac (US), Premium Iowa Pork (US), Nordic Seafood A/S (Denmark), and others.
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Table of Contents
TABLE OF CONTENTS
1 EXECUTIVE SUMMARY ................................................................................................................................................ 18
2 MARKET INTRODUCTION............................................................................................................................................. 20
2.1 DEFINITION ........................................................................................................................................................ 20
2.2 SCOPE OF THE STUDY ........................................................................................................................................ 20
2.3 RESEARCH OBJECTIVE ....................................................................................................................................... 20
2.4 MARKET STRUCTURE .......................................................................................................................................... 21
3 RESEARCH METHODOLOGY ........................................................................................................................................ 22
3.1 OVERVIEW ........................................................................................................................................................ 22
3.2 DATA FLOW ........................................................................................................................................................ 24
3.2.1 DATA MINING PROCESS ................................................................................................................................. 24
3.3 PURCHASED DATABASE: .................................................................................................................................... 25
3.4 SECONDARY SOURCES: ....................................................................................................................................... 26
3.4.1 SECONDARY RESEARCH DATA FLOW: ............................................................................................................. 27
3.5 PRIMARY RESEARCH: ......................................................................................................................................... 28
3.5.1 PRIMARY RESEARCH DATA FLOW: ................................................................................................................. 29
3.5.2 PRIMARY RESEARCH: NUMBER OF INTERVIEWS CONDUCTED ......................................................................... 30
3.5.3 PRIMARY RESEARCH: REGIONAL COVERAGE .................................................................................................. 30
3.6 APPROACHES FOR MARKET SIZE ESTIMATION: ................................................................................................... 31
3.6.1 REVENUE ANALYSIS APPROACH ..................................................................................................................... 31
3.7 DATA FORECASTING........................................................................................................................................... 32
3.7.1 DATA FORECASTING TECHNIQUE .................................................................................................................... 32
3.8 DATA MODELING ................................................................................................................................................ 33
3.8.1 MICROECONOMIC FACTOR ANALYSIS: ............................................................................................................ 33
3.8.2 DATA MODELING: ........................................................................................................................................... 33
3.9 TEAMS AND ANALYST CONTRIBUTION ................................................................................................................ 34
4 MARKET DYNAMICS ................................................................................................................................................... 36
4.1 INTRODUCTION .................................................................................................................................................. 36
4.2 DRIVERS ........................................................................................................................................................ 37
4.2.1 INCREASE IN DEMAND FOR PREPARED MEAT & SEAFOOD ............................................................................... 37
4.2.2 EXPANDING PRODUCT INNOVATION AND FLAVOUR DIVERSITY ....................................................................... 38
4.3 RESTRAINTS ...................................................................................................................................................... 39
4.3.1 HIGH COST AND LOW AVAILABILITY OF RAW MATERIALS ............................................................................... 39
4.3.2 RISING VEGANISM TRENDS ARE IMPACTING THE DEMAND FOR MEAT SUBSTITUTES ....................................... 40
4.4 OPPORTUNITIES ................................................................................................................................................. 42
4.4.1 INCREASING INCLINATION TOWARDS ORGANIC MEAT .................................................................................... 42
4.4.2 EXPANDING E-COMMERCE CHANNELS FOR GLOBAL MARKET PENETRATION AND ACCESSIBILITY ................... 42
4.5 CHALLENGES ..................................................................................................................................................... 44
4.5.1 REGULATORY HURDLES, LABELING REQUIREMENTS, AND FOOD SAFETY STANDARDS COMPLIANCE ................ 44
4.5.2 INTENSE COMPETITION FROM FRESH, FROZEN, AND ALTERNATIVE PROTEIN SOURCES ................................... 44
5 MARKET FACTOR ANALYSIS ....................................................................................................................................... 46
5.1 VALUE CHAIN ANALYSIS .................................................................................................................................... 46
5.1.1 RAW MATERIAL PROCUREMENT ..................................................................................................................... 46
5.1.2 PROCESSING .................................................................................................................................................. 47
5.1.3 PACKAGING ................................................................................................................................................... 48
5.2 SUPPLY CHAIN ANALYSIS................................................................................................................................... 49
5.2.1 UPSTREAM..................................................................................................................................................... 49
5.2.1.1 RAW MATERIAL PLANNING AND PROCUREMENT .................................................................................... 49
5.2.1.2 SUPPLY CHAIN PROCESSING .................................................................................................................. 50
5.2.1.3 QUALITY CHECK AND PACKAGING .......................................................................................................... 50
5.2.1.4 LABELLING ............................................................................................................................................ 51
5.2.2 DOWNSTREAM ............................................................................................................................................... 51
5.2.2.1 TRANSPORT, STORAGE, AND TRADE ....................................................................................................... 51
5.2.2.2 MARKETING ........................................................................................................................................... 52
5.2.2.3 END USERS ............................................................................................................................................ 52
5.3 PORTER’S FIVE FORCES MODE ............................................................................................................................ 53
5.3.1 BARGAINING POWER OF SUPPLIERS ............................................................................................................... 53
5.3.2 BARGAINING POWER OF BUYERS .................................................................................................................... 54
5.3.3 THREAT OF NEW ENTRANTS ........................................................................................................................... 54
5.3.4 THREAT OF SUBSTITUTES .............................................................................................................................. 55
5.3.5 INTENSITY OF RIVALRY .................................................................................................................................. 56
5.4 IMPACT ANALYSIS OF COVID-19 ......................................................................................................................... 56
5.4.1 IMPACT ON PRODUCTION ............................................................................................................................... 56
5.4.2 IMPACT ON SUPPLY CHAIN ............................................................................................................................ 57
5.4.3 IMPACT ON PRICING ...................................................................................................................................... 58
5.4.4 IMPACT ON ONLINE VS STORE-BASED SALES .................................................................................................. 59
5.4.5 IMPACT ON CONSUMER BUYING BEHAVIOR .................................................................................................... 59
5.4.6 OTHERS ......................................................................................................................................................... 60
6 GLOBAL CANNED MEAT MARKET, BY MEAT TYPE ....................................................................................................... 63
6.1 INTRODUCTION .................................................................................................................................................. 63
6.2 PORK ........................................................................................................................................................ 63
6.3 POULTRY ........................................................................................................................................................ 64
6.4 BEEF ........................................................................................................................................................ 65
6.5 SEAFOOD ........................................................................................................................................................ 66
6.6 OTHERS ........................................................................................................................................................ 66
7 GLOBAL CANNED MEAT MARKET, BY DISTRIBUTION CHANNEL ................................................................................... 68
7.1 INTRODUCTION .................................................................................................................................................. 68
7.2 SUPERMARKETS & HYPERMARKETS .................................................................................................................... 69
7.3 CONVENIENCE STORES ...................................................................................................................................... 69
7.4 SPECIALTY STORES ............................................................................................................................................ 70
7.5 ONLINE ........................................................................................................................................................ 71
7.6 OTHERS ........................................................................................................................................................ 72
8 GLOBAL CANNED MEAT MARKET, BY REGION ............................................................................................................. 73
8.1 OVERVIEW ........................................................................................................................................................ 73
8.2 NORTH AMERICA ................................................................................................................................................ 75
8.3 EUROPE ........................................................................................................................................................ 79
8.4 ASIA-PACIFIC ..................................................................................................................................................... 85
8.5 REST OF THE WORLD .......................................................................................................................................... 90
9 COMPANY PROFILES .................................................................................................................................................. 96
9.1 OVERVIEW ........................................................................................................................................................ 96
9.2 COMPETITIVE BENCHMARKING .......................................................................................................................... 97
9.2.1 GLOBAL CANNED MEAT MARKET SHARE ANALYSIS, 2022 (%) ......................................................................... 98
9.3 PRODUCT LAUNCH/DEVELOPMENT .................................................................................................................... 98
9.4 CONTRACT ........................................................................................................................................................ 98
9.5 COLLABORATION ............................................................................................................................................... 99
9.6 PARTNERSHIP .................................................................................................................................................... 99
9.7 ACQUISITION ...................................................................................................................................................... 100
9.8 BUSINESS EXPANSION ....................................................................................................................................... 100
10 COMPANY PROFILES .................................................................................................................................................. 101
10.1 AMERICAN TUNA ................................................................................................................................................ 101
10.1.1 COMPANY OVERVIEW ..................................................................................................................................... 101
10.1.2 PRODUCTS OFFERED ...................................................................................................................................... 101
10.1.3 KEY DEVELOPMENTS ...................................................................................................................................... 102
10.1.4 SWOT ANALYSIS ............................................................................................................................................ 102
10.1.5 KEY STRATEGIES ............................................................................................................................................ 103
10.2 WILD PLANET FOODS ......................................................................................................................................... 104
10.2.1 COMPANY OVERVIEW ..................................................................................................................................... 104
10.2.2 FINANCIAL OVERVIEW .................................................................................................................................... 104
10.2.3 PRODUCTS OFFERED ...................................................................................................................................... 104
10.2.4 KEY DEVELOPMENTS ...................................................................................................................................... 105
10.2.5 SWOT ANALYSIS ............................................................................................................................................ 106
10.2.6 KEY STRATEGIES ............................................................................................................................................ 106
10.3 BUMBLE BEE SEAFOODS ..................................................................................................................................... 107
10.3.1 COMPANY OVERVIEW ..................................................................................................................................... 107
10.3.2 FINANCIAL OVERVIEW .................................................................................................................................... 107
10.3.3 PRODUCTS OFFERED ...................................................................................................................................... 107
10.3.4 KEY DEVELOPMENTS ...................................................................................................................................... 108
10.3.5 SWOT ANALYSIS ............................................................................................................................................ 109
10.3.6 KEY STRATEGIES ............................................................................................................................................ 109
10.4 MARUHA NICHIRO CORPORATION. ...................................................................................................................... 110
10.4.1 COMPANY OVERVIEW ..................................................................................................................................... 110
10.4.2 FINANCIAL OVERVIEW .................................................................................................................................... 111
10.4.3 PRODUCTS OFFERED ...................................................................................................................................... 111
10.4.4 KEY DEVELOPMENTS ...................................................................................................................................... 112
10.4.5 SWOT ANALYSIS ............................................................................................................................................ 113
10.4.6 KEY STRATEGIES ............................................................................................................................................ 113
10.5 VION FOOD GROUP ............................................................................................................................................. 114
10.5.1 COMPANY OVERVIEW ..................................................................................................................................... 114
10.5.2 FINANCIAL OVERVIEW .................................................................................................................................... 115
10.5.3 PRODUCTS OFFERED ...................................................................................................................................... 115
10.5.4 PLANTS IN EUROP .......................................................................................................................................... 116
10.5.5 KEY DEVELOPMENTS ...................................................................................................................................... 116
10.5.6 SWOT ANALYSIS ............................................................................................................................................ 117
10.5.7 KEY STRATEGIES ............................................................................................................................................ 117
10.6 HORMEL FOODS CORPORATION .......................................................................................................................... 118
10.6.1 COMPANY OVERVIEW ..................................................................................................................................... 118
10.6.2 FINANCIAL OVERVIEW .................................................................................................................................... 119
10.6.3 PRODUCTS OFFERED ...................................................................................................................................... 119
10.6.4 KEY DEVELOPMENTS ...................................................................................................................................... 120
10.6.5 SWOT ANALYSIS ............................................................................................................................................ 121
10.6.6 KEY STRATEGIES ............................................................................................................................................ 121
10.7 JBS FOODS ........................................................................................................................................................ 122
10.7.1 COMPANY OVERVIEW ..................................................................................................................................... 122
10.7.2 FINANCIAL OVERVIEW .................................................................................................................................... 122
10.7.3 PRODUCTS OFFERED ...................................................................................................................................... 123
10.7.4 KEY DEVELOPMENTS ...................................................................................................................................... 123
10.7.5 SWOT ANALYSIS ............................................................................................................................................ 124
10.7.6 KEY STRATEGIES ............................................................................................................................................ 124
10.8 MEAT MANIAC ................................................................................................................................................... 125
10.8.1 COMPANY OVERVIEW ..................................................................................................................................... 125
10.8.2 FINANCIAL OVERVIEW .................................................................................................................................... 125
10.8.3 PRODUCTS OFFERED ...................................................................................................................................... 125
10.8.4 KEY DEVELOPMENTS ...................................................................................................................................... 125
10.8.5 SWOT ANALYSIS ............................................................................................................................................ 126
10.8.6 KEY STRATEGIES ............................................................................................................................................ 126
10.9 PREMIUM IOWA PORK ........................................................................................................................................ 127
10.9.1 COMPANY OVERVIEW ..................................................................................................................................... 127
10.9.2 FINANCIAL OVERVIEW .................................................................................................................................... 127
10.9.3 PRODUCTS OFFERED ...................................................................................................................................... 127
10.9.4 KEY DEVELOPMENTS ...................................................................................................................................... 127
10.9.5 SWOT ANALYSIS ............................................................................................................................................ 128
10.9.6 KEY STRATEGIES ............................................................................................................................................ 128
10.10 NORDIC SEAFOOD A/S ........................................................................................................................................ 129
10.10.1 COMPANY OVERVIEW ..................................................................................................................................... 129
10.10.2 FINANCIAL OVERVIEW .................................................................................................................................... 129
10.10.3 PRODUCTS OFFERED ...................................................................................................................................... 129
10.10.4 PLANTS IN EUROP .......................................................................................................................................... 129
10.10.5 KEY DEVELOPMENTS ...................................................................................................................................... 130
10.10.6 SWOT ANALYSIS ............................................................................................................................................ 130
10.10.7 KEY STRATEGIES ............................................................................................................................................ 130
