The global canned fruits market is projected to register at a moderate-paced CAGR of 1.9% over the forecast period. The canned fruits market is currently valued at US$ 9.95 Billion in 2023. By 2033, demand for canned fruits is expected to reach a high of US$ 12.01 Billion.
This growth in the adoption of canned fruits is supported by the following:
- High-pressure processing (HPP), membrane technology, and molecular techniques like Polymerase Chain Reaction (PCR) are all examples of innovative approaches to food components and processing.
- The invention of new machines and the improvement of old ones
- Increasing attention on the growth of facilities, marketing schemes, and information exchange activities to create awareness
Juice-dipped fruits offer an easy and convenient way to satisfy cravings for sweet treats without compromising on health. These products are also packed with nutrients, vitamins, and minerals, making them a nutritious and delicious snack option for all ages.
Another factor that drives demand is increasing intake of canned fruits by the consumers. This is primarily due to a number of factors such as convenience, nutritional value, and cost-effectiveness. Canned products are pre-cooked, which means they can be easily prepared at home without much effort.
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Furthermore, canned food is also nutritionally beneficial. While some critics argue that canned food is not as fresh as fresh produce, it still contains essential vitamins and minerals. Many brands are offering canned fruits at low prices than fresh produce, especially when bought in bulk. This makes them a great option for those who are looking to save money on groceries.
Additionally, innovation in packaging technologies has enabled companies to produce these products in small portions, making them an attractive option for consumers. This is anticipated to increase the sales of canned fruits in Korea.
Overall, the rising demand for juice-dipped fruits is expected to be a key driver of the Korea canned fruits market during the projected period. Companies are investing in innovative product development and packaging technologies to stay ahead of the competition and capitalize on this growing trend. With a wide range of flavors and portion sizes available, there’s no doubt that consumers will continue to enjoy these tasty and nutritious treats for many years to come.
Key Takeaways from the Canned Fruits Market
- The canned fruits market in Korea is projected to advance at a modest pace during the forecast period.
- The global canned fruits market is anticipated to reach a total of US$ 9.95 Bn in 2023
- Canned fruits market is projected to secure a valuation of US$ 12.01 Bn by the end of 2033.
- Growing demand for Juice-dipped Fruits will drive the sales of canned fruits market in Korea.
“Growing preference for juice-dipped Fruits in Korea will provide an impetus to the growth of canned fruits in Korea. Hence, key players are introducing numerous juice filled canned fruits to gain momentum in next ten years.”– Says an FMI Analyst.
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New competitors can find success by taking innovative steps.
Profitable as it may be, the canned fruits industry is frequently disregarded. Since most new businesses are focusing on processed and packaged foods those involved in the sector can guarantee consumers have access to fresh, unaltered fruit, fruit canning might be a lucrative business.
Even though the demand for canned fruits is already saturated, new companies can try breaking in by offering canned fruit in interesting or unusuaflavorsrs. Fruit consumption is on the rise as people become more aware of the positive effects that a healthy diet can have on their bodies. As a result, businesses can put money into various forms of research and development to produce novel products and services for consumers.
EEC Organization has consistently placed a premium on ensuring the security of its food supply. The leaders in the global canned fruit industry understand this and only sell the best, most sanitary products to their customers. Additionally, the advent of several high-tech machines, such as custom-designed pitting & processing lines, modern optical laser and color sorters, on-site freezing & frozen storage, and high-speed packing lines, has simplified and expedited the fruit processing procedure.
Del Monte Foods, The Kraft Heinz Company, Conagra Foods, Rhodes Food Group, Dole Food Company, Kangfa Foods, Seneca Foods, CHB Group, Gulong Food, Tropical Food Industries, and Others are all major competitors in the global canned fruits market.
Key Segments in the Canned Fruits Market
Nature:
- Organic
- Conventional
Form:
- Whole Fruit
- Cut Fruit
Distribution Channel:
- Supermarkets/Hypermarkets
- Online Retail Stores
- Specialty Stores
- Others
Region:
- North America
- Latin America
- Asia Pacific
- MEA (Middle East and Africa)
- Europe
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About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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