Fact.MR, a market research and competitive intelligence provider, reveals that global demand for canned fruits is projected to increase at a CAGR of 2% and reach a market valuation of US$ 12 billion by 2032.
Fruits are one of the most popular and versatile foods around the world. They also represent a crucial part of our diet and help promote health. These food products can improve the health and diet quality of consumers who eat them on a regular basis. However, due to the seasonality of many fruits, they are widely consumed in the processed form, which is likely to stimulate the demand for canned fruits over the coming years.
Advancements in the techniques of transportation and refrigeration have made it easier to ship lower shelf-life and perishable products from one location to another. An effective distribution channel with more controlled and efficient operating systems has enabled the handling and storage of canned fruits for a longer duration in recent years.
At present, there has been a noticeable increase in the demand for different canned fruits, especially across the bakery industry. Rising requirement for these products is attributed to the ability of fruit bits to absorb syrup that further provides an undoubtedly sweet and fresh taste as compared to fresh fruit pieces that sometimes turn out to be bitter.
A specific environment is required for the storage of canned fruits. Moreover, if these fruits are exposed to incompatible conditions, some unwanted complications occur. These situations mostly happen if the stored contents are not consumed within a shorter duration after opening the can. Nevertheless, secondary plastic lids are generally considered an effective remedy against enzymatic reactions that can lead to spoilage of the product.
Key Takeaways from Market Study
- Worldwide demand for canned fruits is likely to increase at a CAGR of 2% through 2032.
- The U.S. canned fruits market reached US$ 3.1 billion at the end of 2021.
- Canned mixed fruit is projected to progress at a CAGR of 2% through the forecast period.
- Sales of canned fruits are estimated to reach US$ 12 billion by the end of 2032.
- The canned peaches segment is estimated to reach a valuation of US$ 3.4 billion by the end of 2032.
“Increasing consumer inclination towards organic and healthy food along with escalating requirement for clean label products are likely to foster canned fruits market growth,” says a Fact.MR analyst
Winning Strategy
Key players dealing in the global canned fruits market are focusing on R&D activities to bring innovation to their products. These players are also taking efforts to improve their production capabilities.
For instance,
- The U.S. Department of Agriculture (USDA) in March 2020 announced its plans to invest $25 million in peaches and canned mixed fruit in order to contribute to a lot of food nutrition assistance programs.