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Canned Food Market to Reach USD 100.92 Billion by 2027; Increasing Number of Company Mergers and Acquisitions will Provide Impetus to Market Growth, says Fortune Business Insights™

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Pune, July 09, 2020 (GLOBE NEWSWIRE) — The global canned food market size is projected to reach USD 100.92 billion by the end of 2027. Increasing product demand availability at low costs will emerge in favor of market growth. According to a report published by Fortune Business Insights, titled “Canned Food Market Size, Share & COVID-19 Impact Analysis, By Type (Canned Seafood, Canned Fruits and Vegetables, Canned Meat, and Others), Distribution Channel (Supermarkets/ Hypermarkets, Specialty Stores, and Online Retail), and Regional Forecast, 2020 – 2027,” the market was worth USD 91.90 in 2019 and will exhibit a CAGR of 1.30% during the forecast period, 2020-2027.
The novel coronavirus, COVID-19, has cast an unprecedented effect on several businesses across industries. While some industries are experiencing significant loss owing to the lockdown announced by the federal governments globally, collective efforts from the government and the industries will ensure that the testing times may soon pass away.We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.Please Visit https://www.fortunebusinessinsights.com/enquiry/covid19-impact/canned-food-market-103258  Increasing Number of Company Mergers will Have a Direct Impact on Market GrowthThe report encompasses several factors that have contributed to the growth of the overall market in recent years. Among all factors, the increasing number of number of company mergers and acquisitions as well as collaborations has made the highest impact on market growth. Major companies are looking to collaborate with each other with a view to maximizing the use of resources and subsequently acquire a wider consumer base. In February 2020, B&G Foods announced that it has completed the acquisition of a renowned canned food manufacturer. The company acquired Farmwise LLC., a global manufacturer of canned vegetables. Through the acquisition of US-based Farmwise, B&G Foods will look to improve its range of plant-based protein foods. This acquisition will help the company improve its global business in the coming years. B&G’s acquisition of Farmwise LLC will also influence the growth of the overall canned food market in the coming years.North America to Exhibit the Highest CAGR; Adoption of Fast-paced Lifestyle to Aid GrowthThe report analyses the ongoing market trends across five major regions, including North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among all regions, the market in North America is expected to emerge dominant in the coming years. The adoption of a fast-paced lifestyle and increasing trends of canned food consumption, especially in the United States will contribute to market growth. The presence of several large scale retailers, coupled with the growing popularity of convenience foods will emerge in favor of market growth. As of 2019, the market in North America was worth USD 35.93 billion and this value is projected to increase further in the coming years. The market in Europe is projected to emerge as the second largest market, owing to the increasing consumption of canned foods especially by the millennial population in several countries across this region.
List of the Leading Companies Operating in the Canned Food Market are:The Kraft Heinz Company (United States)Bolton Group S.r.l. (Italy)Campbell Soup Company (United States)Conagra Brands, Inc (United States)Nestlé (Switzerland)Danish Crown AmbA (Denmark)Del Monte Foods, Inc (United States)JBS USA Holdings, Inc. (United States)Ayam Brand (Singapore)Holyland Marketing Private Limited (India)
Industry Developments:April 2020: Baxters Food Group Limited announced the launch of a new range of vegan tin-canned soups in three flavours-Jackfruit, Three Bean & Chipotle; Sri Lankan Sweet Potato; and Butternut Squash & Lentil Dhansak.IntroductionResearch ScopeMarket SegmentationResearch MethodologyDefinitions and AssumptionsExecutive SummaryMarket DynamicsMarket DriversMarket RestraintsMarket OpportunitiesEmerging TrendsKey InsightsOverview of the Parent/Related MarketsSupply Chain & Regulatory AnalysisIndustry SWOT AnalysisRecent Industry Developments – Policies, Partnerships, New Type  Launches, and Mergers & AcquisitionsGlobal Canned Food Market Analysis, Insights and Forecast, 2016-2027Key Findings / SummaryMarket Size Estimates and Forecast By TypeCanned SeafoodCanned Vegetables and FruitsCanned MeatOthersBy Distribution ChannelHypermarket/SupermarketsSpecialty StoresOnline RetailBy RegionNorth AmericaEuropeAsia PacificSouth AmericaMiddle East & AfricaTOC Continued…!!!

Get your Customized Research Report: https://www.fortunebusinessinsights.com/enquiry/customization/canned-food-market-103258  Canned Tuna Market Size, Share & Covid-19 Impact Analysis, By Type (Canned Light Tuna and Canned White Tuna), Distribution Channel (Supermarket/Hypermarket, Convenience Stores, Specialty Stores, and Online Retail), and Regional Forecast, 2020 – 2027  Canned Fruits & Vegetables Market Size, Share and Global Trend by Product Type (Tomatoes, Mushroom, Bulbs, Peas, Sweetcorn, Bean, Peaches, Strawberries, Raspberry), Form (Peeled, Sliced, Chopped), Application Type (Toppings & Dressings, Salad, Culinary) and Geography Forecast till 2025Canned Mushroom Market Size, Share and Global Trend By Product Type (Shiitake Canned, Oyster Canned, Button Canned, Others), By Application (Household, Foodservice Industry, Others) and Geography Forecast Till 2026Processed Meat Market Size, Share & Industry Analysis, By Type (Frozen, Canned, and Chilled), Animal Type (Poultry, Beef, Pork, and Others), Distribution Channel (Hypermarket/Supermarket, Convenience Stores, Specialty Stores, and Others), and Regional Forecast, 2020 – 2027
Processed Dairy Products Market Size, Share & Industry Analysis, By Type (Fluid Milk, Butter, Cheese, Frozen Dairy Desserts, Cultured Dairy Products, Others), By Distribution Channel (Mass Merchandisers, Convenience Stores, Specialty Stores, Online Retail, Others) and Regional Forecast, 2019-2026
Processed Seafood Market Size, Share and Global Trend By Species (Fish, Molluscs, Tuna, Shrimps, Crabs), Product (Frozen Seafood, Canned Seafood, Smoked Seafood, Dried Products), Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Specialty Stores, Online Retail) & Geography Forecast till 2026

About Us:                      Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.At Fortune Business Insights™, we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.Read Press Release: https://www.fortunebusinessinsights.com/press-release/canned-food-market-10074

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