Global Canned Fruits Market: APAC to Expand at 3.80% CAGR till 2019

2024-11-07 02:28:14 Lifestyle

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A new research study, titled ?Canned Fruits Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019?, by Transparency Market Research (TMR) provides a 360-degree view of the market. According to the report, the global canned fruits market is poised to reach US$10.82 bn by the end of 2019.

Browse full Canned Fruits Market report at:http://www.transparencymarketresearch.com/canned-fruits-market.html

Canning allows to preserve and ship food to distant markets around the year. Using this process on fruits has resulted in the opening of a great number of markets for different fruit types across nations. The global canned fruits market will benefit from the growing demand for convenience food. Hectic lifestyles, more working women, and increasing urbanization are some of the factors driving demand for convenience foods, including canned fruits. The global canned fruits market will also benefit from the abundant produce of different types of fruits found around the world. In addition to this, the global canned fruits market will be propelled by the development of innovative and new products.

However, the global canned fruits market will be restrained by stringent and lengthy government guidelines. Moreover, the threat from substitutes is projected to suppress the global canned fruits market in the coming few years. Nevertheless, the global canned fruits market will greatly benefit from the growing preference of consumers towards organic alternatives.

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Generally, depending on the manufacturer?s choice, aluminum or steel is used to make containers for storing fruits. Raw materials for both these alloys are available in large quantities around the world, thus reducing the manufacturing cost of these containers. Furthermore, steel is 100% recyclable adding to its popularity among consumers. Moreover, recycling aluminum saves a massive amount of energy. These factors of canned fruit containers appeal to discerning consumers, consequently driving the overall canned fruits market.

Region-wise, the global canned fruits market is segmented into North America, Asia Pacific, Rest of the World, and Europe, the Middle East, and Africa (EMEA). Europe represented approximately 40% of the global canned fruits market in 2012, followed by North America at 30%. Nevertheless, in the coming few years, these figures are projected to change due to the rising demand from Asia Pacific for canned fruits. The Asia Pacific market for canned fruits holds good growth potential and is expected to expand at a 3.80% CAGR during the forecast period from 2013 to 2019. The demand for canned fruits in the APAC region is growing due to the increasing disposable incomes, changing culinary trends, and improving quality of life of consumers.

In 2012, approximately 54% of the global canned fruits market was dominated by the top three companies. On the other hand, small players, medium players, and private retailers represented 30% of the global canned fruits market. The research study profiles around 10 key companies operating in the global canned fruits market. These companies are Princes Group, CHB Group, Pinnacle Foods, Seneca Foods Corporation, Rhodes Food Group, Del Monte Corporation, H.J. Heinz Company, Dole Food Company, ConAgra Foods, and Coca-Cola Amatil. Producers typically source canned fruits from integrated producers. Wholesalers in the market buy products from several manufacturers and deliver them to retailers.

Major geographies analyzed under this research report are:
EMEA
North America
Asia-Pacific
Rest of the World

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