Market Overview:

The global canned meat market size was valued at USD 31.12 billion in 2023 and is projected to grow from USD 32.48 billion in 2024 to USD 46.85 billion by 2032, exhibiting a CAGR of 4.68% during the forecast period.

Canned meat is considered as a convenient food as it requires minimum cooking time, which is the best alternative for people with busy lifestyles. The key market players grow their product line by introducing products in local and international markets with a good taste of the food.

Fortune Business Insights™ mentioned this in a report titled “Canned Meat Market, 2024-2032.”

List of Key Market Players Profiled in the Report:

• Hormel Foods Corporation (U.S.)
• Tyson Foods, Inc. (U.S.)
• Bolton Group (Italy)
• Smithfield Foods, Inc. (U.S.)
• Vion Group (Netherlands)
• Conagra Brands Inc. (U.S.)
• McCallum Industries (New Zealand)
• Keystone Meats (U.S.)
• Werling & Sons, Inc. (U.S.)
• JBS SA (Brazil)

Segmentation:

Bacon Segment Dominates the Market Growth Owing to its Nutritional Benefits

On the basis of product type, the market is segmented into corned beef, bacon, sausage, luncheon meat, ham, and others. Among all the segments, bacon dominates the market as its demand increases due to its nutritional benefits and high-quality products, such as vitamins, protein, and minerals. It is the easily absorbed form of dietary iron and the best source of zinc, which is important for proper immune functioning.

Hypermarkets/Supermarkets to Lead the Market Growth Owing to Increased Sales of Canned Meat

Based on distribution channel, the market is divided into specialty sstores, online retail, supermarkets/hypermarkets, and others. The supermarkets/hypermarkets dominated the market in 2022 and are anticipated to continue their dominance during the projected period. The dominance is due to the easy availability of products with various brands at a lesser cost.