The canning market - Italy

The global canned food market, valued at $91.4 billion. Meat and fish dominate the market share, making up about one-third of the total value. Although Europe leads in canned food consumption, the Asia-Pacific region is expected to show the highest growth rates in the future. In Italy, the market is showing robust growth, fueled by domestic preference for long-life foods and increased exports, particularly to Britain, Germany and the United States. Import levels, however, have declined. Despite concerns about potential health risks from packaging materials, the market is set to grow due to consumer preference for convenience and the demands of a faster-paced lifestyle: Increasing appetite for convenience and quality.

Driving Growth: The Rise of Italian Canned Foods in Global Markets

The Italian canned food market is experiencing a period of positive growth, boosted by several key factors that align with broader global trends in food consumption. Consumers are increasingly turning to long-life food options, driven by a desire for convenience and a more hectic lifestyle that leaves little room for lengthy food preparation and cooking. Canned foods fit perfectly into this emerging pattern, offering solutions for quick meals without sacrificing nutritional value. The preference for Italian canned foods has not only affected domestic consumption, but has also had a significant impact on the global market. Italian exports of canned goods have increased, especially to countries such as the United Kingdom, Germany, and the United States, highlighting the international reputation and demand for Italian food products. Although imports have decreased, the overall stability of trade suggests a robust market that relies more on domestic production and consumption habits. The inclination of Italian consumers toward domestic products could also be seen as a factor in reducing import dependence. Despite concerns about the possible presence of harmful substances from canned food packaging materials, the market outlook remains optimistic.

The global canned food market is growing and is projected to grow between $100 billion and $150 billion by 2026, with a compound annual growth rate (CAGR) of about 3 to 4 percent. Meats and fish lead the market segments and account for about one-third of the total market value, underscoring their continued popularity among canned food options. The regional perspective shows that Europe is currently the leader in canned food consumption, with Italy playing a significant role in this trend. However, it is the Asia-Pacific region that is expected to experience the fastest growth in the coming years, offering potential opportunities for Italian producers to expand their market presence. In summary, the Italian canned food market is in a strong position, supported by exports, a reputation for quality, and a consumer base that prioritizes convenience and nutritional value. It is expected that the search for convenient consumption solutions, combined with a modern and vibrant lifestyle, will continue to drive the growth of this sector.

Exploring the Diverse Landscape of the Canned Food Market: Key Players and Specializations

The canned food market is full of different players, each of which contributes its strengths and specialties to meet the diverse demands of consumers globally. The major market players mentioned above are representative of significant segments of the canned food industry.

• Del Monte Foods, Inc: Del Monte Foods is one of the giants in the canned food industry, best known for its wide range of high-quality fruits and vegetables. Being a household name, Del Monte has established a strong brand identity associated with freshness and reliability.
• Conagra Brands, Inc.: Conagra Brands is a major contender in the market and provides a broad portfolio of food products, including canned meats, which form a significant part of its offerings. With established brands and a focus on innovation, Conagra is at the forefront of consumer trends.
• Nestlé SA: Although Nestlé is more famous for its multitude of products beyond canned goods, it has a solid stake in the canned food market, mainly due to its culinary brands and ready meals that meet the convenience sought by modern consumers.
• Bolton Group: The Bolton Group operates several businesses, but in the canned food sector it is particularly well known for canned fish, a segment that holds a substantial share of the market. With quality products and a focus on sustainability, it has carved out a niche in the market.
• Bonduelle Group: Bonduelle is a key player in the canned vegetable segment, with a commitment to providing healthy, plant-based products. It has won accolades for its approach to preserving the nutritional value of its canned offerings.
• Campbell Soup Company: Campbell Soup Company is an iconic brand, synonymous with canned soups that have been a staple in many households for generations. It has effectively maintained its market position by continuously reinventing its product lines in tune with consumer preferences.
• Thai Union Group PCL: Recognized for its leadership in the canned fish industry, Thai Union Group has made great strides in ensuring a sustainable fish supply, thus earning the trust and loyalty of environmentally conscious consumers.
• JBS S.A.: JBS S.A., one of the largest meat processors globally, has extended its reach to the canned meat market. Its expertise in meat products is reflected in the quality of its canned meat offerings, which enjoy global demand.

These key players, with their distinctive specializations and commitment to quality, convenience and sustainability, underscore the dynamic nature of the canned food market. 

Inforamtion

• Number of pages : 30 pages
• Format : Digital and PDF versions
• Last update : 04/07/2023

Summary and extracts

List of charts

• Exports, Imports, Coverage rate of preparations or preserves of meat, offal, blood or insects
• Exports, Imports, Coverage rate of prepared or preserved vegetables
• Exports, Imports, Coverage rate of stored tomatoes