DUBLIN, May 23, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Global Canned Food Market 2016-2020" report to their offering.
The global canned food market to grow at a CAGR of 3.04% during the period 2016-2020
With consumer lifestyles becoming increasingly work-oriented and, consequently, hectic, people have less time to cook food. Therefore, they prefer the convenience of canned food products. Various drivers and distribution methods boost the sales of canned food products. The rise in demand for canned fish and seafood and canned meat coupled with the numerous options available in supermarkets is fueling market growth.
The report covers the present scenario and the growth prospects of the global canned food market for 2016-2020. To calculate the market size, the report considers the revenue generated through the sales of canned food, sold through retail stores such as supermarkets and hypermarkets, independent retailers, convenience stores, and specialist retailers. The report also includes a discussion of the key vendors operating in this market.
Brand image and customer loyalty are the cornerstones of the canned food market. While consumers stick to familiar brands, they also seek variety in terms of product offerings. Vendors invest heavily in augmenting their R&D capabilities and focusing on broadening their product portfolio. Multinational vendors collaborate with the local players to better understand consumer preferences. A growing consumer base that seeks novelty in the canned food segment is an incentive for market players to innovate.
According to the report, the hectic lifestyles of consumers and the need for leisure have further increased the demand for convenience food products. This need for convenience has also led to the growth of the global canned food market, as vendors launch canned meat, canned fish, canned desserts, and canned vegetables that can save time spent in the kitchen. They are also using convenient packaging solutions to further provide convenience for consumers.
Further, the report states that, as consumers are gaining awareness of the health hazards due to the intake of chemicals and preservatives, they are becoming more careful, which can impact the demand for canned food in the market.
- Bolton Group
- ConAgra Foods
- Del Monte Foods
- Hormel Foods
- Kraft Heinz
Other prominent vendors
- Atria Group
- AYAM SARL
- Campbell Soup
- Danish Crown
- Dole Food Company
- Grupo Calvo
- Pinnacle Foods
- Princes Limited
- Shanghai Maling Aquarius
Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
For more information visit http://www.researchandmarkets.com/research/qdgqh4/global_canned
Research and Markets
Laura Wood, Senior Manager
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/global-canned-food-market-2016-2020---brand-image-and-customer-loyalty-are-the-cornerstones-of-the-canned-food-market---research-and-markets-300272959.html
SOURCE Research and Markets