Canned Preserved Food Market in Asia Pacific and Latin America to Breach US$38 bn Mark by 2021

According to a new market report published by Transparency Market Research ?Canned Preserved Food Market - Asia Pacific and Latin America Industry Analysis, Size, Share, Growth, Trends and Forecast, 2015 - 2021,? overall market in terms of revenue was valued at US$24.40 bn in 2014, and is expected to reach US$38.12 bn by 2021, at a CAGR of 6.4% from 2015 to 2021. However, in terms of volume, the canned preserved food market was valued at 6.28 bn kg in 2014 which is expected to increase to 8.55 bn kg by 2021, at a CAGR 4.4% over the forecast period.

The demand for canned preserved food market in Asia Pacific and Latin America is fuelled by the increasing demand of instant ingredients or products in their daily use. Canned food including vegetables, soups, fish, and meat are primarily ready-to-eat items. Foods in such type of packaging have longer shelf life and can be consumed directly or by minimum heating. Growing urbanization is also fuelling the demand for canned preserved food market in Asia Pacific and Latin America.

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Migration of can components leading to botulism is one of the major factors restraining the canned preserved food market in Asia Pacific and Latin America. The contaminated foodstuffs stored in canned food items lead to botulism which leads to paralysis that originates in the facial muscles and later spreads towards the limbs.

DelMonte Pacific Ltd., H.J. Heinz Company, MTR Foods Pvt Ltd., ConAgra Foods Inc., Pinnacle Foods Inc. are some of the major players operating the Asia Pacific and Latin America Canned Preserved Food Market.

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The report covers Canned Preserved Food Market and provides estimates in terms of revenue (USD Billion) and volume (Kg Billion) from 2015 to 2021. Market estimates on the basis of product type and application type have also been provided for each region.

The market has been segmented as follows:

Asia Pacific and Latin America Canned Preserved Food Market, by Product Type
Canned Meat
Canned Fish
Canned Fruits
Canned Vegetables
Others

Asia Pacific and Latin America Canned Preserved Food Market, by Geography

Asia Pacific
India
China
Rest of Asia Pacific
Latin America
Brazil
Argentina
Chile
Rest of Latin America

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