Food For Thought is counting in this market the following product segments: Canned Fruit, Canned Vegetables, Canned Soup, Canned Meat, Canned Fish, Canned Pasta, Canned Ready Meals, Baby Jars, Canned Cat Food and Canned Dog Food. The aggregate 31billion Euros market size is derived by estimating each of these segments individually.
Canned Fish and Canned Vegetables account for about a fifth of the market each, but Canned Fruit, Canned Soups and Canned Meat are also important markets.
The US and Canada are rather static markets in value terms, whilst Mexico is growing at single digit annual rates. Canned Vegetables, Canned petfoods are notably more interesting markets from the growth perspective.
Foodservice represents 15% in aggregate across all segments, however, Canned Fruit, Canned Vegetables and Canned Fish represent a higher percentage.
The top-8 most important suppliers account for about 76% of the market. Of these, Del Monte and Tri Valley are as expected dominant. The picture may be different of course at the individual product level, and in some segments important local players are cited by Food For Thought.
Opportunities for investment and development exist to further consolidate the individual segments or to even introduce new brands. The report also highlights own-label accounts for less than 5% of the market, with this segment being of course far less represented in Mexico.
Food For Thought food and drinks market reports cover 114 products and 32 product categories in each country researched.
For more details visit https://www.fft.com/Canned_Products-market-research-reports-1003.html