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Canned Fruits Market Size

  • Report ID: GMI11607
  • Published Date: Sep 2024
  • Report Format: PDF

Canned Fruits Market Size

The global canned fruits market size was valued at USD 10.1 billion in 2023 and is projected to expand at over 5.3% CAGR from 2024 to 2032. Canned fruits, processed and sealed for extended shelf life, are experiencing market growth due to demand for convenient, nutritious options. The USDA reports U.S. per capita consumption of canned fruits was 23.9 pounds in 2020, while the FDA notes these products retain nutrients for up to two years, appealing to health-conscious consumers.

 

E-commerce growth offers new distribution channels, with the U.S. Census Bureau reporting a 22.4% increase in online food and beverage store sales from 2019 to 2020. Emerging markets show potential, as the World Bank reports urban population in East Asia and Pacific rising from 35% in 1990 to 60% in 2020, favoring convenient food options. The USDA's Economic Research Service indicates that canned fruit imports to the U.S. increased from USD 1.3 billion in 2010 to USD 1.8 billion in 2020, reflecting growing global trade in this sector. These trends suggest a dynamic market with opportunities for expansion and innovation.
 

The canned fruits market is experiencing growth driven by consumer demand for convenient, ready-to-eat options. According to the U.S. Department of Agriculture (USDA), per capita consumption of canned fruits in the United States was 12.8 pounds in 2020. The Centers for Disease Control and Prevention (CDC) reports that only 12.3% of adults meet the recommended fruit intake, highlighting the potential for increased canned fruit consumption.
 

The Food and Agriculture Organization (FAO) of the United Nations estimates global fruit production reached 883.4 million tonnes in 2019, with a significant portion processed into canned products. Innovation in product offerings, including organic and low-sugar varieties, caters to health-conscious consumers. The U.S. Census Bureau reports that e-commerce sales for food and beverage stores increased by 22.4% from 2019 to 2020, facilitating easier access to canned fruits. Emerging markets in Asia-Pacific and Latin America present growth opportunities as urbanization and disposable incomes rise in these regions.
 

The canned fruits market faces several challenges that can impede growth. Consumer preferences are shifting toward fresh and minimally processed foods, potentially reducing demand for canned options. Health-conscious consumers may have negative perceptions of canned products due to concerns about preservatives and additives. The market also faces increasing competition from frozen and dried fruit alternatives, which are often perceived as retaining more nutrients and being healthier. Furthermore, fluctuations in fruit supply due to climate change and agricultural issues can impact production costs and availability. Economic downturns can also affect consumer spending on non-essential items, including canned fruits.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of canned fruits reached USD 10.1 billion in 2023 and is projected to grow at a CAGR of over 5.3% from 2024 to 2032, driven by the demand for convenient and nutritious food options.

The market share for metal cans in the canned fruits sector is expected to grow at around 5% CAGR, reaching a size of USD 7.7 billion by 2032.

Supermarkets and hypermarkets are crucial distribution channels for the market, projected to grow at a CAGR of around 4.9%, reaching a market size of USD 6.1 billion by 2032.

Europe's market is set to achieve a size of approximately USD 4.5 billion, growing at a CAGR of 4.8% from 2024 to 2032 driven by a demand for convenience and quality, with a rising interest in organic and natural products.

A. Clouet & Co. (KL) Sdn. Bhd., CHB Group, Del Monte Foods, Inc., Dole plc, Golden Circle, Kangfa Food Co., Ltd., RFG Foods, The Kraft Heinz Company.

Canned Fruits Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 8
  • Tables & Figures: 172
  • Countries covered: 18
  • Pages: 200
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