In recent years, the Canned Fruits Market has grown significantly, fueled by a number of important factors. These include major breakthroughs in packing technology, a rising consumer preference for easy and long-lasting food options, and a growing understanding of the nutritional benefits of canned fruits. This encouraging trend in the industry is anticipated to continue due to the rising desire for fruit options that are shelf-stable and healthier.
As per Future Market Insights (FMI), Japan’s one of the most profitable and growing sectors in the country. Recently, the need for canned fruits has skyrocketed in the country as people are looking for organic and clean-label ingredients. On the back of these factors, sales of canned fruits in Japan are expected to grow at 2.18% CAGR during the projected period (2023-2033).
With FMI predicting the demand for canned fruit to reach US$ 12.01 Bn by the end of 2033, China will play a key role in achieving this valuation. Further, there has been a growing trend of organic and clean-label food products in Japan that has created a conducive environment for the development of the industry.
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Increasing concerns about the potential health risks associated with consuming food that contain artificial ingredients and preservatives has prompted Japanese people to shift their preference toward organic and clean-label canned fruit products. This will help the industry to thrive over the projection period.
Organic and clean-label canned fruits products are those that are free of artificial colors, flavors, and preservatives, and instead, use natural ingredients. They also typically contain fewer calories, sodium, and sugar than their conventional counterparts. As such, these products offer consumers the benefit of a healthy diet while still enjoying the convenience of canned fruits.
In addition, organic and clean label canned fruits are also usually cheaper than other forms of canned fruits. This is because organic farms often produce large volumes of fruit at low costs than traditional farms. Furthermore, organic canned fruits are often grown in an eco-friendly manner. This further reduces the cost of production, making them more affordable to consumers.
Finally, organic and clean-label canned fruits tend to have a longer shelf life than traditional canned fruits. This is because they do not contain artificial preservatives. This makes them ideal for stocking up on for use throughout the year.
Key Takeaways from the Canned Fruits Market
- The global canned fruits demand is projected to expand at a sluggish CAGR of 9% during the projected period (2023-2033).
- Japan is expected to account for a sizable market share in the market of canned fruits over the forecast period.
- Overall demand for canned fruits market in Japan is anticipated to surge at 18% CAGR through 2033.
- Rising demand for organic and clean-label food products will drive demand for canned fruits in Japan.
“Growing inclination towards organic and clean label food products in Japan will stimulate the demand for canned fruits. Hence, key companies are focusing on manufacturing healthy and organic products to gain profits.”– Says an FMI Analyst.
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Competition Landscape in the Canned Fruits Market
Key players in Japan’s canned fruits market are relying on strategies such as new product launches, collaborations, acquisitions, business expansions, and partnerships to expand their market share.
Itochu, Princes, and J Gerber and Company are key companies in Japan canned fruits market
Recent Developments
- In May 2020, Fresh Del Monte started operations at its new fresh cut plant in Japan. The new plant has an annual production capacity of 10,000 tons of fruits and vegetables, and thus will help company to meet growing consumer demand.
- In August 2021, the Greek Canners Association announced that it is working to improve ties with Japan. Members of the group, which represents the biggest fruit-processing businesses in the nation, have been selling their goods to the Japanese market for many years.
- In March 2017, The UK-based food and beverage company Princes, which is a subsidiary of the Japanese conglomerate Mitsubishi Corp., revealed measures to cut the amount of sugar in its Fruit Fillings products and to replace part of its canned fruit syrup with juice.
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 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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