The U.S. canned foodsmarket 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.
Full research report on U.S. canned foods market
analysis: 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.
View more reports
of this category by Grand View Research at: https://www.grandviewresearch.com/industry/consumer-goods
Type Outlook
(Volume, Kilotons, Revenue, USD Million; 2014 - 2025)
·
Seafood
·
Vegetables
·
Meat Products
·
Fruits
·
Ready Meals
·
Others
Access Full Press Release of this
Report:
https://www.grandviewresearch.com/press-release/us-canned-foods-market-analysis
https://www.grandviewresearch.com/press-release/us-canned-foods-market-analysis
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.
