Canned Preserved Food Market - Asia Pacific and Latin America Industry Analysis, Size, Share, Growth, Trends and Forecast, 2015 - 2021
Albany, NY -- (SBWIRE) -- 02/23/2016 -- According to a new market report published by Transparency Market Research "Canned Preserved Food Market by Type (Canned Meat, Canned Fish, Canned Fruits, Canned Vegetables, Others) - Asia Pacific and Latin America Industry Analysis, Size, Share, Growth, Trends and Forecast, 2015 - 2021," The Canned Preserved Food Market, in terms of revenue was valued at USD 24.40 Billion in 2014, which is expected to reach USD 38.12 Billion by 2021, growing at a CAGR of 6.4% from 2015 to 2021. However, in terms of volume, the Asia Pacific and Latin America Canned Preserved Food Market was valued at 6.28 Kg Billion in 2014 which is expected to increase to 8.55 Kg Billion by 2021 growing at a CAGR 4.4% over the forecast period.
This report focuses on the market sizing and forecast of the canned preserved food market in Asia Pacific and Latin America. Additionally, this report has focused on the major countries in Asia Pacific and Latin America such as India, China, Brazil, and Argentina among others.
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The demand for canned preserved food market in Asia Pacific and Latin America is fuelled by the convenient nature of the products. Canned food including vegetables, soups, fish, and meat are primarily ready-to-eat items. Hence, it does not need to be cooked, thereby leading it to being time efficient. In addition, canned food can be preserved for a very long time. Growing urbanization is also fuelling the demand for canned preserved food market in Asia Pacific and Latin America.
Regionally, Asia Pacific dominated the Asia Pacific and Latin America canned preserved food market accounting for more than 65% of the market in 2014. The high market share is attributed to the influence of the western culture on the consumers in Asia Pacific in terms of feeding habits. This is a major factor that is driving the demand for the canned preserved food market in Asia Pacific. Due to the low market presence for canned preserved food in Asia Pacific, the manufacturers operating in this market are shifting their focus toward explore the untapped markets for significant growth opportunities.
Latin America held the minor market share accounting for less than 30% of the total canned preserved food market in Asia Pacific and Latin America. Argentina dominated the canned preserved food market in Latin America, followed by Brazil.
DelMonte Pacific Ltd., H.J. Heinz Company, MTR Foods Pvt Ltd., ConAgra Foods Inc., Pinnacle Foods Inc. are some of the major players operating the Asia Pacific and Latin America Canned Preserved Food Market.
The report covers Canned Preserved Food Market and provides estimates in terms of revenue (USD Billion) and volume (Kg Billion) from 2015 to 2021. Market estimates on the basis of product type and application type have also been provided for each region.
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The market has been segmented as follows:
Asia Pacific and Latin America Canned Preserved Food Market, by Product Type
- Canned Meat
- Canned Fish
- Canned Fruits
- Canned Vegetables
Asia Pacific and Latin America Canned Preserved Food Market, by Geography
- Asia Pacific
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
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