The global canned meat products market was valued at USD 24.2 billion in 2022 and is expected to register a CAGR of 5.6% during the forecast period from 2023 to 2030. Canned meat products are gaining in popularity due to their convenience, long shelf-life, portability, ease-of-use, and cost-effectiveness. This is providing a major impetus for the growth of the market. Furthermore, the rising demand for ready-to-eat products and processed meats such as ham, bacon, and sausage is driving the growth of the canned meat products market. Moreover, the increasing demand for convenient and healthy food options from consumers is expected to fuel the demand for the canned meat products market.

The rising demand for processed and convenience food has been a major factor in driving the growth of the canned meat products market. Increasing disposable incomes and changing lifestyle habits are expected to fuel the demand for convenience food. Furthermore, the rising demand for products that are portable and easy-to-prepare is expected to drive the growth of the market. Moreover, the rising penetration of e-commerce is providing opportunities for the growth of the canned meat products market.

The increasing demand for organic and natural products is expected to drive the market in the coming years. Moreover, with the rising awareness of health and nutrition among consumers, there is a growing demand for organic and natural processed food products. Furthermore, manufacturers are focusing on developing organic and natural canned meat products in order to meet the growing demand from consumers. For instance, in April 2021, Hormel Foods Corporation launched Natural Choice, a new line of organic and natural canned meat products.

Furthermore, the growing popularity of Halal-certified canned meat products is expected to drive the growth of the market. The rising demand for Halal-certified products from consumers is due to the increased awareness about the importance of Halal-certified products for religious purposes. Key players are focusing on offering Halal-certified canned meat products in order to cater to the growing demand from consumers. For instance, in August 2021, Tulip launched a range of Halal-certified canned meat products.

In addition, the rising demand for sustainable packaging is expected to fuel the growth of the canned meat products market. Manufacturers are focusing on developing sustainable packaging solutions in order to reduce plastic waste and improve the shelf-life of the products. For instance, in June 2021, Canned Food UK launched a new range of sustainable packaging solutions for its canned meat products.

The canned beef segment led the market and accounted for a share of around 31.7% in 2022. Canned beef is one of the popular packaged meat products, which is available globally. Increasing demand for convenient food and rising disposable income among consumers are the major factors driving the demand for canned beef products in the market. According to a report published by the International Trade Centre, in October 2020, the global canned beef market is expected to grow at a CAGR of around 6% over the forecast period.

The canned chicken segment is anticipated to expand at the fastest CAGR of 7.1% over the forecast period. Canned chicken is a widely consumed packaged meat product due to its convenience and long shelf-life. Rising consumer preference for convenience food, increasing demand for low-fat proteins, and growing demand for ready-to-eat packaged food items are some of the key factors driving the market for canned chicken products. According to a report published by the Center for Food Safety and Applied Nutrition, in December 2019, the global canned chicken market is expected to grow at a CAGR of around 7% over the forecast period.

The supermarkets and hypermarkets segment captured the major share of over 36.2% in 2022. This is attributed to the increasing number of supermarkets and hypermarkets, which offer a wide variety of canned meat products to customers. Furthermore, these establishments provide convenience to customers, as they can access a variety of products and services under one roof. Moreover, the presence of large supermarket chains across the globe is also driving the segment growth.

The e-commerce segment is anticipated to expand at the highest CAGR of 11.4% over the forecast period. This is due to the increasing penetration of internet and the rising trend of online shopping among consumers. Furthermore, most of the canned meat manufacturers have their own e-commerce websites, which provides convenience to customers, as they can access the products from the comfort of their homes. In addition, various online retailers are also offering competitive prices and discounts on canned meat products, which is further driving the segment growth.

The canned meat segment accounted for the largest revenue share of 56.7% in the year 2022. The increasing demand for convenient and ready-to-eat food products due to the busy lifestyle of consumers has boosted the demand for canned meat products. Furthermore, the availability of canned meat in various forms such as sliced, diced, and shredded, as well as a range of flavors, has further increased the demand for these products. Moreover, the availability of canned meat products at affordable prices has also made them popular among consumers.

The fresh meat segment is expected to expand at the highest CAGR of 4.2% over the forecast period. The increasing demand for high-quality fresh meat has boosted the market for fresh meat products. Furthermore, the availability of fresh meat products in various forms such as ground, boneless, and steak has increased the demand for these products among consumers. Furthermore, the increasing health consciousness among consumers has led to an increased demand for fresh meat products due to their high nutrient content.

Europe dominated the market and accounted for the largest revenue share of over 41.2% in 2022. Increasing demand for convenience foods, especially in Germany, Spain, and the U.K., is a major factor driving the growth of the regional market. Moreover, increasing health consciousness among consumers coupled with the growing demand for high-quality and innovative products is also creating a positive impact on the regional market. For instance, in June 2021, Princes Food launched a new range of canned meat products in the UK.

Asia Pacific is expected to witness the fastest growth in the coming years. Growing consumption of canned meat products in India and China, coupled with an increase in the number of working professionals is expected to drive the regional market growth. Additionally, increasing demand for canned meat products from countries like Thailand, Indonesia, and Malaysia, is expected to further increase the demand for these products in the region. For instance, in April 2021, Minh Phu launched a range of canned meat products in Vietnam.

In this part of the canned meat products business plan we will provide a detailed breakdown of all income and expense categories of the business. These forecasts include cash flow projections and capital requirements for the canned meat products. Usually, these projections are drafted for a 5-year period.

Revenue Assumptions
The main source of revenues for a canned meat products business comes from the sale of canned meat products, wholesale, and retail. Here you will find a list with a description of each of them and other possible sources of profit such as catering services, private labeling, and marketing partnerships.

Projecting Expenses
In this section, all the regular expenses related to keeping the canned meat products business running will be described. The list of operating expenses includes raw materials, packaging, wages, rent, utilities, insurance policies, advertising, and others.

Some of the key companies operating in the canned meat products market are increasingly focusing on product launches and expansion of the distribution channel to gain prominent visibility among consumers. Some of the initiatives are:

– In June 2022, Tyson Foods Inc. launched a new line of canned meat products featuring various flavors and recipes.

– In August 2022, Nestle S.A. launched a range of canned meat products with a focus on natural ingredients and flavors.

– In October 2022, Smithfield Foods Inc. launched a range of organic canned meat products.

Some of the prominent players in the canned meat products market include:

– Tyson Foods Inc.
– Nestle S.A.
– Smithfield Foods Inc.
– Conagra Brands Inc.
– Hormel Foods Corporation
– JBS USA Holdings Inc.
– Campbell Soup Company
– Cargill Inc.
– Tyson Fresh Meat Inc.
– National Beef Packing Company LLC

This report forecasts growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global canned meat products market based on product, distribution channel, type, and region:

1. Product Outlook (Revenue, USD Million, 2017 – 2030)
– Beef
– Pork
– Poultry
– Others

2. Distribution Channel Outlook (Revenue, USD Million, 2017 – 2030)
– Supermarkets & Hypermarkets
– Convenience Stores
– Online
– Others

3. Type Outlook (Revenue, USD Million, 2017 – 2030)
– Canned
– Frozen
– Fresh

4. Regional Outlook (Revenue, USD Million, 2017 – 2030)
– North America
– Europe
– Asia Pacific
– Central & South America
– Middle East & Africa

[Q]: What are the Major Growth Drivers for the Canned Meat Products Market?
[A]: Growing demand for convenience foods, increased health consciousness, rising disposable incomes, and the introduction of innovative products are the major growth drivers for the canned meat products market. The rising preference for fast foods, as well as the increasing number of working-class people, are driving the demand for canned meat products. Moreover, the availability of canned meat products at a lower cost is another factor driving the market’s growth.

[Q]: Who are the Key Players in the Canned Meat Products Market?
[A]: Bumble Bee Foods LLC, Hormel Foods Corporation, The Kraft Heinz Company, Cargill Incorporated, and Tyson Foods Inc. are some of the key players in the canned meat products market.

[Q]: What is the Impact of the COVID-19 Pandemic on the Canned Meat Products Market?
[A]: The COVID-19 pandemic has had a positive impact on the canned meat products market as people are turning to canned food products to ensure food security and safety. The shift in consumer preference towards canned meat products, coupled with the increasing demand for convenience foods, is expected to drive the market growth during the forecast period.

[Q]: What are the Major Types of Canned Meat Products?
[A]: The major types of canned meat products include beef, pork, chicken, and fish. Beef is the most commonly consumed canned meat product, followed by pork, chicken, and fish.