Global market for canned fruits expected to reach US$10.82B in 2019, growing at CAGR of 3.3% from 2013-2019, according to Research and Markets report
December 3, 2013
– Research and Markets has announced the addition of the "Canned Fruits Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019" report to their offering.
The Global Market For Canned Fruits Is Expected To Reach USD 10,827.7 Million In 2019, Growing At A CAGR Of 3.3% From 2013 To 2019
One of the major trends driving growth in the canned fruits industry is the steadily evolving and changing food habits. Rapid urbanization, higher disposable income, emergence of nuclear families and many other factors drive consumers to seek convenience in almost every aspect of life and food is no exception. Canned fruits which are a form of convenience food are now an integral part of most families' monthly grocery budget. In addition, surging number of working women, busy lifestyles, change in consumer purchasing patterns, availability of wide range of canned fruits products in different categories and the fact that canned fruits deliver better value for money than fresh fruits are compelling more and more consumers to use canned fruits.
A steady growth in minimally processed and fresh fruit consumption is gradually eroding the market for canned fruits. Moreover, the trend of reduced home cooking has also impacted the demand for canned fruits, which are traditionally purchased by consumers who cook food at home. Canned fruits have lost their market share to other products over the past few years.
Europe and North America were the market leaders of the global canned fruits market and accounted for more than 75% of the market in 2012. By 2019, North America is expected to lose its market share, while growth in the European market is expected to remain stagnant over the next six years. In future, Asia Pacific is expected to be the most promising market occupying 15.8% share of the total market with economies such as India, Japan, Australia and China being the chief contributors.
Del Monte with its wide range of brands such as Del Monte, Contadina, College Inn, S&W and many others was the leader of the market with a share of 29.0% in 2012 followed by Dole which accounted for 24.0% share of the market. Other companies such as Pinnacle, H.J. Heinz and many others accounted for a combined share of 12.0% in 2012.
This study provides in-depth analysis of the global canned fruits market in terms of revenue USD million from 2012 to 2019. A top-down approach was used to estimate the market by geography.
The study also provides a review and breakdown of various factors affecting market growth, which are market drivers, restraints, and opportunities. It also strategically analyzes each submarket with respect to individual growth trends and contribution to the overall global canned fruits market considering the various factors affecting the market.
Additionally, to aid decision-making, the study will help retailers, suppliers, manufacturers and distributors of the market to plan and implement their strategies. The study provides in-depth profiling of the players in the canned fruits market. The profile of the players includes company overview, financial revenues, SWOT analysis followed by different strategies adopted by the companies and recent developments. In addition, to have competitive advantage the study also provides the market share of major players.
Key Topics Covered
2 Executive Summary
3 Canned Fruits Market - Industry Analysis
4 Canned Fruits Market - Regional Analysis
5 Company Profiles
Coca Cola Amatil
Dole Food Company
HJ Heinz Company
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