The U.S.
canned foods market is expected to reach USD 22.23 billion by
2025, according to a new report by Grand View Research, Inc. owing to the rise
in demand for convenience food products which in turn is expected to have a
positive impact on industry growth.
The market is subjected to regulations on food quality
and processing, for safe consumption. The regulations are spread over to
processing, harvesting and canning of food products according to the regional
presence. Large number of imports are noted for the U.S. from Asia Pacific
region and thus the companies need to abide to the rules mentioned by the U.S.
The industry in U.S. is subjected to regulations
concerning the ingredients and their composition, safety, packaging, and
labeling of canned foods by the U.S. FDA. The FDA regulations specifies the
standards to maintain the quality of canned foods sold by various companies,
and also prescribes the format of information displayed on the product labels.
The industry exhibits the presence of a significant
number of substitutes in frozen and dried products category. The players are
involved in drying of products that provide similar benefits of convenience and
extended storage lifetimes. The price of substitutes is found to be in similar
range as canned food and thus switching cost is less leading to a lower threat
of substitutes.
Browse full research report on U.S. Canned Foods Market: https://www.grandviewresearch.com/industry-analysis/us-canned-foods-market
Further
key findings from the report suggest:
- Ready meals held the largest share in type segment of the U.S.
canned foods industry and is expected to maintain its lead over the forecast
period. The high share of the segment is attributed to its high shelf
life.
- The canned seafood segment is anticipated to progress at a CAGR of
2.7% over the next eight years. The steady growth of the segment is
attributed to its nutritious values, easy availability and increased
awareness in public.
- Canned fruit products are being increasingly used in restaurants
and households on account of their high shelf life and ease of use. The
segment is thus anticipated to progress at the highest estimated CAGR of
5.6% over the forecast period.
- The convenience in the use of canned vegetables and increasing
awareness concerning the nutritional value of canned vegetables is
anticipated to augment the growth of the segment over the next eight
years.
- Key players in the industry include LDH (La Doria) Ltd., Conagra
Brands Inc., Wild Planet Inc., Thai Union Frozen Products, and American
Tuna, Inc.
Browse more reports of this category
by Grand View Research: https://www.grandviewresearch.com/industry/consumer-goods
Grand
View Research has segmented the U.S. Canned Foods Market on the basis of type:
Type
Outlook (Volume, Kilotons, Revenue, USD Million; 2014 - 2025)
- Seafood
- Vegetables
- Meat Products
- Fruits
- Ready Meals
- Others
About Grand View
Research
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and headquartered
in San Francisco. The company provides syndicated research reports,
customized research reports, and consulting services. To help clients make
informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
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