Market Forecast by Countries (China, India, Japan, Australia, Indonesia, Philippines, Thailand, Malaysia, Rest of Asia), By Product Type (Canned meat & seafood, Canned fruit & vegetables, Canned ready meals, Others), By Type (Organic, Conventional), By Distribution Channel (Supermarket/Hypermarket, Convenience stores, E-commerce, Others) And Competitive Landscape
Product Code: ETC392849 | Publication Date: Aug 2022 | Updated Date: Aug 2024 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 | |
Report Name | Asia Pacific Canned Food Market |
Forecast period | 2024-2030 |
CAGR | 4.8% |
Growing Sector | Canned ready meals sector |
The Asia Pacific Canned Food Market report thoroughly covers the market by Product, by Type, by Distribution Channels ,and By Countries. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would assist stakeholders to devise and align their market strategies according to the current and future market dynamics.
The canned food market in the Asia Pacific is experiencing significant growth, driven by rapid urbanization, lifestyle changes, and a growing consumer preference for convenience foods. This surge in demand is bolstered by substantial investments in the food industry, technological advancements, and the rise of e-commerce platforms. Both public and private sectors are intensifying their efforts, creating a heightened need for a variety of canned foods. The focus on food preservation and convenience further fuels this market, with canned meat and seafood, canned fruits and vegetables, and canned ready meals playing pivotal roles in driving demand. Canned foods are valued for their long shelf life and ease of use, making them essential in the Asia Pacific's expanding market.
According to 6Wresearch, the Asia Pacific Canned Food Market size is expected to grow at a significant CAGR OF 4.8% during the forecast period of 2024-2030. The canned food market in the Asia Pacific is experiencing substantial growth, driven by rising consumer purchasing power and the growing trend of ready-to-eat meals. This expansion is bolstered by government policies that emphasize food security and safety, along with advancements in food technology. Consumers are increasingly recognizing the value of convenient meal solutions, leading to strong demand for both organic and conventional canned foods. The market also benefits from heightened awareness and adoption of modern canning techniques, which enhance nutrient preservation and safety. These trends create a dynamic environment where stakeholders are investing in innovative canned food solutions to meet the evolving needs of the Asia Pacific's food industry.
Despite the impressive growth of the canned food market in the Asia Pacific, several challenges could hinder its progress. One critical issue is the availability and affordability of raw materials essential for food canning. The surge in demand has led to increased demand for these materials, causing supply shortages and price escalations, which manufacturers must navigate to maintain production levels and pricing stability. Another potential factor influencing the market is the evolving consumer preference for healthy and nutritious canned foods.
In the Asia Pacific canned food industry, several leading players dominate the market, leveraging their extensive distribution networks and diverse product portfolios. Companies include Del Monte Pacific Limited, Thai Union Group, Ayam Brand, and Simplot Australia are prominent players known for their strong brand presence and wide range of canned products. These companies excel in delivering high-quality canned fruits, vegetables, seafood, and ready-to-eat meals, catering to the region's diverse consumer preferences. They benefit from robust supply chain management and innovative packaging solutions that ensure product freshness and safety. Moreover, strategic investments in technology and sustainable practices further enhance their market position, meeting the growing demand for nutritious and convenient food options across Asia Pacific markets. As competition intensifies, these leading players continue to innovate, focusing on product differentiation and expanding their market reach to capitalize on the region's thriving canned food sector.
In the Asia Pacific region, the canned food market is shaped significantly by government regulations aimed at ensuring food safety and quality. Governments across various countries have implemented stringent policies and standards governing the production, packaging, labeling, and distribution of canned foods. These regulations often focus on hygiene practices during manufacturing, traceability of ingredients, and adherence to specific chemical and microbiological limits to safeguard consumer health. Additionally, there are requirements regarding the use of additives and preservatives, with limits set to maintain nutritional integrity and prevent harmful substances. Importantly, regulatory bodies conduct regular inspections and audits of canning facilities to enforce compliance with these standards. Such robust regulatory frameworks not only bolster consumer confidence in canned food products but also foster a competitive marketplace where manufacturers must innovate to meet or exceed regulatory requirements while catering to the diverse tastes and preferences of consumers across the region.
The canned food market in the Asia Pacific region is poised for continued growth and evolution. Factors affecting this trajectory growth include increasing urbanization, which fuels demand for convenient and long shelf-life food options. Rising disposable incomes and busy lifestyles further bolster the preference for ready-to-eat meals. Government initiatives promoting food security and safety will likely play a crucial role in shaping market dynamics, encouraging investment in advanced canning technologies and stringent quality standards. There's also a growing trend towards healthier eating habits, driving demand for organic and natural canned food products. Innovations in packaging and preservation techniques will continue to enhance nutritional value and extend product shelf life, catering to changing consumer preferences. Overall, the future of the canned food market in Asia Pacific appears promising, characterized by innovation, sustainability, and meeting diverse consumer needs across the region's dynamic food landscape.
According to Ravi Bhandari, Research Head, 6Wresearch, canned ready meals are experiencing the most significant growth in the Asia Pacific region. This growth is driven by shifting consumer preferences towards convenience and time-saving meal solutions. Busy lifestyles and urbanization are increasing the demand for ready-to-eat options that require minimal preparation. Canned ready meals offer a variety of cuisines and flavors, appealing to diverse tastes across different demographics.
In the Asia Pacific region, the organic canned food segment is experiencing the most significant growth compared to conventional options. This growth is driven by increasing consumer awareness and preferences for healthier and environmentally sustainable food choices. Consumers are increasingly mindful of the benefits of organic produce, such as reduced exposure to pesticides and chemicals, as well as the preservation of natural ecosystems.
Among distribution channels for canned foods in Asia Pacific, online retail stores are experiencing the most rapid growth. This trend is driven by increasing internet penetration, widespread adoption of smartphones, and changing consumer shopping behaviors favoring convenience and accessibility. Online retail offers consumers a wide selection of canned food products, often at competitive prices, coupled with the convenience of doorstep delivery.
Among the countries in the Asia Pacific region, China stands out as experiencing the most rapid growth in the canned food market. With its large population and increasing urbanization, there is a significant shift towards convenient and shelf-stable food options. The rising disposable incomes of Chinese consumers have also fueled demand for ready-to-eat meals, driving the expansion of the canned food sector.
The report offers a comprehensive study of the subsequent market segments
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Asia Pacific Canned Food Market Overview |
3.1 Asia Pacific Regional Macro Economic Indicators |
3.2 Asia Pacific Canned Food Market Revenues & Volume, 2020 & 2030F |
3.3 Asia Pacific Canned Food Market - Industry Life Cycle |
3.4 Asia Pacific Canned Food Market - Porter's Five Forces |
3.5 Asia Pacific Canned Food Market Revenues & Volume Share, By Countries, 2020 & 2030F |
3.6 Asia Pacific Canned Food Market Revenues & Volume Share, By Product Type, 2020 & 2030F |
3.7 Asia Pacific Canned Food Market Revenues & Volume Share, By Type, 2020 & 2030F |
3.8 Asia Pacific Canned Food Market Revenues & Volume Share, By Distribution Channel, 2020 & 2030F |
4 Asia Pacific Canned Food Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Asia Pacific Canned Food Market Trends |
6 Asia Pacific Canned Food Market, 2020 - 2030 |
6.1 Asia Pacific Canned Food Market, Revenues & Volume, By Product Type, 2020 - 2030 |
6.2 Asia Pacific Canned Food Market, Revenues & Volume, By Type, 2020 - 2030 |
6.3 Asia Pacific Canned Food Market, Revenues & Volume, By Distribution Channel, 2020 - 2030 |
7 China Canned Food Market, 2020 - 2030 |
7.1 China Canned Food Market, Revenues & Volume, By Product Type, 2020 - 2030 |
7.2 China Canned Food Market, Revenues & Volume, By Type, 2020 - 2030 |
7.3 China Canned Food Market, Revenues & Volume, By Distribution Channel, 2020 - 2030 |
8 India Canned Food Market, 2020 - 2030 |
8.1 India Canned Food Market, Revenues & Volume, By Product Type, 2020 - 2030 |
8.2 India Canned Food Market, Revenues & Volume, By Type, 2020 - 2030 |
8.3 India Canned Food Market, Revenues & Volume, By Distribution Channel, 2020 - 2030 |
9 Japan Canned Food Market, 2020 - 2030 |
9.1 Japan Canned Food Market, Revenues & Volume, By Product Type, 2020 - 2030 |
9.2 Japan Canned Food Market, Revenues & Volume, By Type, 2020 - 2030 |
9.3 Japan Canned Food Market, Revenues & Volume, By Distribution Channel, 2020 - 2030 |
10 Australia Canned Food Market, 2020 - 2030 |
10.1 Australia Canned Food Market, Revenues & Volume, By Product Type, 2020 - 2030 |
10.2 Australia Canned Food Market, Revenues & Volume, By Type, 2020 - 2030 |
10.3 Australia Canned Food Market, Revenues & Volume, By Distribution Channel, 2020 - 2030 |
11 Indonesia Canned Food Market, 2020 - 2030 |
11.1 Indonesia Canned Food Market, Revenues & Volume, By Product Type, 2020 - 2030 |
11.2 Indonesia Canned Food Market, Revenues & Volume, By Type, 2020 - 2030 |
11.3 Indonesia Canned Food Market, Revenues & Volume, By Distribution Channel, 2020 - 2030 |
12 Philippines Canned Food Market, 2020 - 2030 |
12.1 Philippines Canned Food Market, Revenues & Volume, By Product Type, 2020 - 2030 |
12.2 Philippines Canned Food Market, Revenues & Volume, By Type, 2020 - 2030 |
12.3 Philippines Canned Food Market, Revenues & Volume, By Distribution Channel, 2020 - 2030 |
13 Malaysia Canned Food Market, 2020 - 2030 |
13.1 Malaysia Canned Food Market, Revenues & Volume, By Product Type, 2020 - 2030 |
13.2 Malaysia Canned Food Market, Revenues & Volume, By Type, 2020 - 2030 |
13.3 Malaysia Canned Food Market, Revenues & Volume, By Distribution Channel, 2020 - 2030 |
14 Rest of Asia Canned Food Market, 2020 - 2030 |
14.1 Rest of Asia Canned Food Market, Revenues & Volume, By Product Type, 2020 - 2030 |
14.2 Rest of Asia Canned Food Market, Revenues & Volume, By Type, 2020 - 2030 |
14.3 Rest of Asia Canned Food Market, Revenues & Volume, By Distribution Channel, 2020 - 2030 |
11 Asia Pacific Canned Food Market Key Performance Indicators |
12 Asia Pacific Canned Food Market - Opportunity Assessment |
12.1 Asia Pacific Canned Food Market Opportunity Assessment, By Countries, 2020 & 2030F |
12.2 Asia Pacific Canned Food Market Opportunity Assessment, By Product Type, 2020 & 2030F |
12.3 Asia Pacific Canned Food Market Opportunity Assessment, By Type, 2020 & 2030F |
12.4 Asia Pacific Canned Food Market Opportunity Assessment, By Distribution Channel, 2020 & 2030F |
13 Asia Pacific Canned Food Market - Competitive Landscape |
13.1 Asia Pacific Canned Food Market Revenue Share, By Companies, 2023 |
13.2 Asia Pacific Canned Food Market Competitive Benchmarking, By Operating and Technical Parameters |
14 Company Profiles |
15 Recommendations |
16 Disclaimer |