Canned Fruits Market Revenue to Attain USD 16.96 Bn by 2033

12 Nov 2024

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Table of Content

1. Canned Fruits Market Revenue and Trends 2. Market Overview  3. Report Highlights of the Canned Fruits Market  4. Canned Fruits Market Trends 5. Regional Outlook 6. Canned Fruits Market Coverage 7. Market News 

Canned Fruits Market Revenue and Trends

The global canned fruits market revenue reached USD 12.37 billion in 2024 and is predicted to attain around USD 16.96 billion by 2033 with a CAGR of 3.57%. The demand for canned fruits is increasing due to the busy lifestyles of people. However, canned fruits offer healthy, affordable, and convenient alternatives to nutritious diet products, which is a key factor boosting their demand.

Market Overview 

Canned fruits are referred to as preserved fruits that undergo several processes to destroy micro-organisms that cause them to spoil and are preserved in airtight cans. These fruits are usually packed with juice or sugar syrups and some additives that prevent contamination. The market is experiencing significant growth due to the rising consumer preferences for functional food. With the rising urbanization and changing lifestyles of people, canned fruits are gaining immense popularity as they are a convenient option, available throughout the year, and can be stored longer. In addition, their low cost and ready-to-use advantage drive their demand across the globe.

Due to increasing health awareness, people are demanding nutritious foods, significantly driving the canned fruits market. Moreover, increasing consumers' disposable income is expected to boost the market's growth. The use of advanced technologies further impacts the market. Implementing artificial intelligence in the production of canned or processed fruits helps with quality control by detecting contamination, waste management, supply chain management, and inventory management. Moreover, AI helps maintain food processing and handling equipment by detecting faults. 

Report Highlights of the Canned Fruits Market 

• On the basis of type, the canned peaches segment dominated the market in 2023. This is mainly due to the increased consumption of pitches due to their beneficial properties. They are beneficial for heart, skin, and eye health. Moreover, they help improve the immune system, digestion, and allergy relief.
• Based on form, the cut fruits segment held the largest market share in 2023 due to the heightened demand for convenient food options. Cut fruits offer convenient options during travel and working hours. With changing lifestyles and busy schedules, the consumption of cut fruits has increased.  
• On the basis of distribution channel, the supermarket/hypermarkets segment accounted for the largest share of the market in 2023. The segmental dominance is mainly attributed to the easy availability of a variety of fresh fruits in supermarkets/hypermarkets. These stores offer several discounts that attract more consumers. Moreover, they allow people to physically check products and make informed decisions, thus improving their buying experience.

Canned Fruits Market Trends

• Changing lifestyles: With changing lifestyles and hectic schedules, the demand for ready-to-eat food is increasing among the working population, which drives market growth. Canned fruits are a convenient option, allowing people to consume them during busy schedules. In addition, rising urbanization and concerns related to health further boost market growth.
• Rising women's employment: The increasing women's employment rate boosts the demand for packaged food products, including preserved or canned fruits, due to the shortage of time for cooking. Over time, many women are engaged in labor work and other jobs and have limited time to perform household responsibilities, which boosts the adoption of canned fruits as they provide a ready-to-eat option and help maintain work-life balance. For instance, according to the Periodic Labor Force Survey, about 32.8% of females aged 15 years and above were in the labor force in India in 2021-22, compared to just 23.3% in 2017-18.
• Increasing endorsements from celebrities: The increasing celebrity endorsements as a marketing strategy creates immense opportunities to boost the sales of canned fruits. It also helps improve brand image and creates a strong market position that influences most consumers to purchase the products.

Regional Outlook

In 2023, Europe dominated the canned fruits market with the largest share. Continuously changing climatic conditions and rapid urbanization have boosted the consumption of canned food products, contributing to regional dominance. Due to the rising awareness regarding healthy eating, the demand for organic food has increased in the region. Moreover, the changing lifestyles of individuals bolstered the market in the region.

North America is expected to witness the fastest growth in the market in the coming years, owing to the rising preferences for nutritious food and changing eating habits. Moreover, the busy schedules of individuals, the growing awareness about the benefits of preserved fruits, and the high demand for ready-to-use food drive the market growth in the region.

Canned Fruits Market Coverage

Market News 

• In July 2023, Dole relaunched and expanded its canned fruit offering with three cuts of its Tropical Gold Pineapple and Tropical Fruit Mix.

Market Segmentation

By Type

• Canned Peaches
• Canned Pears
• Canned Pineapples
• Canned Oranges
• Others 

By Form

• Whole Fruits
• Cut Fruits

By Distribution Channel

• Supermarkets/Hypermarkets
• Specialty Stores
• Online Retail
• Others

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