It is researched and reported the global canned food marker size was USD 91.9 billion in 2019 and it is projected to reach USD 100.92 billion by 2027, exhibiting a CAGR if 1.3% during the forecast period (2020-2027)
The global market is majorly driven by the rise in the consumption of various packaged food products and beverages that are convenient to consume. These products types are processed by various techniques such as peeling ,chopping or cooking and then sealed in an air-tight tin or aluminum can. Owing to the fast -paced lifestyle and rise in the working population, the consumption of convenience food products has increased. This directly propels the market growth.
The current market for canned food is affectted due to the global pandemic outbreak of Covid-19. Most of countries in the world are experiencing a total lockdown, amidst which the food product availability has lessened. This has led to a rise in product price and has negatively affected the consumers’s purchasing power.
Because of Covid-19 pandemic outbreak, consumers incline towards clean food or persure organic products. Consumers prefer food such as vegetable, fruit, meat, ect, grown or fed organically. And convenience food driven the food being processed as ready-to eat. This is a crucial factor that helps the market growth of canned food or beverage.
In order to cater consumers requirements, Food processing becomes one of important chain at food supply.
Food processing machinery manufacturers are also committed to producing products that meet the needs of the market.
Adhering to saving energy, saving labor, and increasing production capacity, we, as one of the food machinery manufacturers, also spare no effort in food production industry.
Post time: Jun-02-2021