Market Insights: Food & Beverage Cans Report by Proficient Market Insights The global canned food market size is projected to grow from $23.72 billion in 2022 to $31.31 billion in 2029, according to a new report by Proficient Market Insights. What is Canning? Canning is a method used to preserve foods for long periods of time by packing them in airtight containers. This allows food to be shelf-stable and safe to eat for 1 to 5 years or longer. Canning was first developed in the late 18th century as a way to provide a stable food source for soldiers and sailors at war. Common canned foods include fruits, vegetables, beans, soups, meats and seafood. The Market The global Canned Food market size is projected to grow from US $23.72 billion in 2022 to US $31.31 billion in 2029; it is expected to grow at a CAGR of 4.05% from 2023 to 2029. Global Canned Food key players include Conagra Brands, Campbell Soup, Kraft Heinz, etc. Global top three manufacturers hold a share over 30%. Europe is the largest market, with a share about 30%, followed by North America and China, both have a share over 40%. In terms of product, Canned Vegetables is the largest segment, with a share about 20%. And in terms of application, the largest application is Supermarkets/Hypermarkets, followed by Independent Retailers. To learn more about the canned food marketing including a comprehensive overview, market shares, and growth opportunities of Canned Food market by product type, application, key manufacturers and key regions and countries contact Proficient Market Insights at proficientmarketinsights.com Continued on page 4
Officers and Directors
President John Clark Heraeus Vice President Tim Duca** Canpack Secretary Treasurer Kyle Hurla** INX International Ink Co. Executive Director Michael Masenior** IMDPA
John Hrdlick INX International Ink Co. . Art Hurley Silgan Closures Sarah Jacks** INX International Ink Co. Jack Knight INX International Ink Co. Andy Layden Stolle Machinery Carl Martel Coral Chemical Ted Nevins Sonoco Allan Sayers The Canmaker Renee Schouten** INX International Ink Co. Mark Von Bokel SGS International Elena West** Ohio Art Michael Yavorski** Sherwin-Williams Co.
Bob Blandford Miltec UV Levi Boss Ball Corp. Sam Courtney VN Graphics
Craig Eberts* ** Paul Fennessy Crown Cork & Seal Mark Finch Silgan Containers John Friedman Northern Container Eugene Furey* ** Nick Hammer** Trivium Packaging Bill Hoyle Hoyle Consulting
* Honorary Member ** Committee Chair
FUNDAMETALS Newsletter
[2] Q1 2023
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