The canned fruits market is expected to grow at a moderate rate of 1.9% CAGR during the forecast period. Valued at USD 9.95 billion in 2023, it is projected to reach USD 12.01 billion by 2033.
Market growth in the coming years is anticipated to be driven by the increasing demand for nutritious, convenient, and ready-to-eat food options due to busy lifestyles and rising incomes in both developed and developing economies. Market leaders are focusing on digitalization and new product launches to expand their offerings for global consumers. For example, Del Monte Foods recently introduced its premium Gold Range, adding canned pineapple chunks and slices to its lineup.
Seasonal fluctuations in fruit prices and production can impact the final cost of canned fruits, potentially dampening demand. Additionally, the increasing preference for unprocessed and fresh foods is likely to further slow the expansion of the canned fruits market.
Conventional canned fruits are anticipated to continue holding a significant share of global demand due to their lower cost compared to organic fruits and their wide availability. However, the market for organic canned fruits is expected to grow rapidly in the coming years, driven by increasing consumer preference for organic and natural products and their associated health benefits.
It is anticipated that the cut fruit sub-segment will represent a sizable portion of the international market. Canned fruit slices, half, and cubes are likely to see increased demand due to the rising need for convenient and healthful snack options. The market share held by supermarkets and hypermarkets is projected to be particularly high. Product sales from these businesses are expected to increase as a result of the growing reliance customers have on them as a result of the many services they provide, including freebies, home delivery, discounts, and many more.
Key Takeaways
- The 1.2% CAGR forecast for the worldwide canned pineapples market is driven by demand in the United States, Canada, Japan, China, and Europe. The total size of these regional marketplaces is estimated at US$ 1.4 Bn.
- During the analysed period, Latin America will grow at a CAGR of 3.1%.
- The report projects that the market for canned peaches, one of the segments analyzed, will grow at a CAGR of 3.3% and reach $3 Bn by the end of the assessment period.
- Due to the ongoing recovery from the pandemic, the forecast for the canned mixed fruit market segment is being revised downward to a CAGR of 1.9% over the next seven years.
Competitive Landscape
Ensuring the security of the food supply has always been a top priority for organizations. As a result, leading companies in the global canned fruits market focus on delivering products that meet the highest standards of quality, safety, and freshness. The introduction of advanced technologies—such as custom-designed pitting and processing lines, new optical laser and color sorters, on-site freezing and frozen storage, and high-speed packaging lines—has further streamlined and enhanced the fruit processing process
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.
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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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