The main objective of canning is to preserve food in a stable form so that it can be stored and shipped to distant markets throughout the year. The study provides in-depth analysis of the global canned fruits market in terms of revenue USD million from 2013 to 2019.
Albany, NY -- (SBWIRE) -- 01/13/2015 -- The chief objective of canning fruits is to preserve its nutritional values in a stable form so that it can be used, stored, or shipped to different places throughout the year. When fruits picked fresh from the farms or domestic markets are canned they do not lose their nutritional forms. This is because canning is a method of preserving food contents in a processed and sealed container that is airtight by nature. Canning fruits halt the decomposition process until the metal container is opened again. This means, if fruits are packaged immediately after picking up from the markets, they can contain higher levels of vitamins and nutrients that could maintain a shelf life ranging from one to five years from the date of manufacturing.
Canned Fruits Market – Industry Insights and Benefits
Canned fruits are extremely convenient to use because they last for several months in a row and are available throughout the year, irrespective of the season. Canned fruits do not require refrigeration and can be stocked in your kitchen in case of emergency. Some fruits preserved in metal cans have added syrup or sugar content, while others are extremely high in sugar and sodium – all of which can affect your health in certain ways. Hence, it is recommended if you are purchasing canned fruits then seek for brands offering low sugar or sodium content. Canned fruits are regarded a good alternative if you cannot get fresh fruits from the market for any reason.
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The market for canned food is driven by the increase in demand for canned food and their environmental benefits. The availability of various products and environment friendly raw materials are significant factors contributing towards the growth of this market.
However, in recent times, with the introduction of PET (Polyethylene Terephthalate) bottles and HDPE (High Density Polyethylene) materials in the packaging industry, the market for metal cans has lost its significance in terms of market shares, especially in the food and beverages segment. This market is stagnated due to growing health concerns among various consumers. The rising incidences such as diabetes have shunned the use of canned foods in favor of fresh food content. In addition, accessibility to alternative methods and stringent government regulations in the market for canned fruits act as major growth barriers to this market.
Canned Fruits Market: Regional Analysis
Geographically, North America and Europe were dominant leaders in the global canned fruits market in 2012. Together they accounted for more than 75% of the market shares. Europe dominated this market with nearly 45.2% share of the global demand in 2012, followed by North America with 34.5% shares for the same year. The factors driving these two markets are food safety concerns, preference for easy-packaged foods, and mundane lifestyles. While the European market will retain its position over the next six years, growth in North America is expected to slope down by 2019.
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Furthermore, the Asia-Pacific region is growing up to be the next promising market consuming 15.8% of the total shares in the canned fruits market. Asia-Pacific that comprises economies such as, India, Australia, Japan, and China have rising demands for canned fruits due to changes in their lifestyles, surging number of working women, expansion of foreign joint ventures, and improvements in trade scenario. All these are major factors contributing to the growth of this market.
Global & Future Prospect
In most cases, canned fruits reach the producers through integrated manufacturers or directly through distribution of leading brands. A gradual growth in fresh fruit consumption is steadily eroding the market for canned fruits. This market has now become an integral part for most consumers and their monthly grocery budget. Even though, canned fruits have ceded its market shares to various other food products in the past few years, this market is expected to hit $10,827.7 million by 2019 from a figure of $8,626.6 million in 2012, further growing at a CAGR of 3.3% from 2013 to 2019.
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