The global can opener market is poised for significant growth, with a projected market value of USD 7.59 million in 2023 and an expected compound annual growth rate (CAGR) of 5.2% from 2023 to 2033, bringing the total market value to USD 12.6 million by 2033.
The rising demand for canned food, including ready-to-eat meals, frozen meals, fish, poultry, fruits, and vegetables, is expected to drive the can opener market’s expansion. The simple yet effective design of can openers—offering convenience, portability, and ease of use—has made them a staple in both household kitchens and industrial settings. As more consumers gravitate toward packaged foods, can openers are becoming essential daily-use products across the globe.
Key Drivers of Market Growth
- Consumer Preference for Packaged Foods: As more people opt for ready-to-eat meals and convenience foods, the demand for can openers is growing. Single-person households are especially contributing to this trend, as they require more packaged foods.
- Innovative Product Developments: The market is witnessing a surge in advanced can openers, such as seamless contact models, auto-safety can openers, and electric or automatic can openers, designed to enhance convenience and improve user experience. These innovations are expected to drive further demand.
- E-commerce Growth: The global penetration of e-commerce platforms is playing a pivotal role in the can opener market’s growth. Online shopping enables consumers to easily purchase products from retailers, reducing lead times and boosting accessibility.
- Industrial Use and Heavy-Duty Models: Can openers designed for heavy-duty commercial applications are in high demand in the food processing industry, where businesses need to open hundreds or thousands of cans daily. This industrial market represents a significant portion of global demand.
- Impact of COVID-19: The pandemic has seen a sharp rise in consumer demand for packaged food due to safety and convenience concerns. This has positively impacted the can opener market, as consumers prefer products that are easier to handle and store.
Key Players
Helen of Troy Limited (OXO)
Hamilton Beach Brands, Inc.
Kuhn Rikon International
Edlund Company
LLC
Inter IKEA Systems B.V.
Kitchenaid International
Sammic S.L.
Bergner Group
Tap into Expertise: Discuss with Our Analyst on Email: sales@futuremarketinsights.com
Can Opener Market: Segmentation
By Basis of Product Type:
- Manual
- Electric
By Basis of Application:
- Commercial
- Household
By Distribution Channel:
- Indirect
- Distributors
- Supermarkets
- Specialty Stores
- Online Platforms
Regional Analysis Includes
- North America
- Latin America
- Europe
- Middle East & Africa (MEA)
- South Asia
- East Asia
- Oceania
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.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
