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The canned fruits industry for canned peaches is anticipated to reach USD 3.7 billion by 2032, growing at a CAGR of over 4.7% during the forecast period. Canned peaches hold a significant position in the canned fruits market due to their popularity and versatility in various culinary applications. Their sweet flavor and convenience make them a staple ingredient in desserts, salads, and savory dishes.
The increasing demand for healthy snacks enhances their appeal as a ready-to-eat option rich in vitamins and fiber. Product innovations, such as organic varieties and those without added sugars, cater to health-conscious consumers. The expansion of e-commerce and distribution channels further extends market reach, presenting substantial growth opportunities in this segment.
The canned fruits market share in the cans (metal) will observe around 5% CAGR through 2032 with a market size of USD 7.7 billion. Metal cans play a significant role in the market due to their durability, light weight, and superior preservation capabilities. These containers provide an airtight seal that effectively extends the shelf life of fruits, preserving their freshness and nutritional value.
The recyclability of metal cans aligns with increasing consumer and regulatory demands for sustainable packaging solutions, enhancing their market appeal. As the demand for convenience foods grows, metal cans are preferred for their portability and ease of use. Additionally, advancements in canning technology, including improved coating processes and designs, are enhancing consumer safety and product quality, further driving their adoption in the market.
The canned fruits market share from the supermarkets/hypermarkets segment will observe around 4.9% CAGR through 2032 with a market size of USD 6.1 billion. Supermarkets and hypermarkets are crucial distribution channels for the market, offering substantial growth potential. These large retail outlets provide extensive product visibility and accessibility, attracting a broad customer base. They stock a wide range of canned fruit brands and varieties, including organic, sugar-free, and exotic options, enhancing consumer choice.
High foot traffic and strategic promotions, such as discounts and bundled offers, drive impulse purchases in these stores. As consumer demand for health-conscious and convenient food options increases, supermarkets are well-positioned to meet the growing need for ready-to-eat canned fruit products, particularly in urban and suburban areas.
Europe canned fruits market will record a market size of about USD 4.5 billion and 4.8% CAGR during 2024 and 2032, driven by consumer demand for convenience and quality products. Increasing health awareness is boosting interest in canned fruits that offer nutritional benefits without preservatives, leading to a rise in organic and natural product offerings.
Germany, France, and the United Kingdom are key markets, with supermarkets and hypermarkets serving as primary distribution channels. The industry is also witnessing a shift towards sustainable packaging, with brands adopting eco-friendly materials. Furthermore, the growing popularity of ready-to-eat snacks is contributing to increased sales, positioning Europe as a significant region for innovation and expansion in the canned fruits industry.