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.
For full research report on U.S. Canned
Foods Market visit here:
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.
Get request sample of this report here: https://www.grandviewresearch.com/industry-analysis/us-canned-foods-market/request/rs1
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.
No comments:
Post a Comment