The global canned fruit market is expected to register a moderate CAGR of 1. 9% during the forecast period. The canned fruit market is recently valued at 9. 95 billion U. S. dollars in 2023. By 2033, the demand for canned fruits is expected to peak. of 12,010 million dollars.
This expansion in the adoption of canned fruit is supported by the following:
Juice-dipped fruit provides a convenient way to satisfy cravings for sweets without compromising health. These products are also packed with nutrients, vitamins, and minerals, making them a nutritious and delicious snack option for all ages.
Another reason driving demand is the increase in consumers’ consumption of canned fruit. This is basically due to a number of factors such as convenience, nutritional value, and cost-effectiveness. Canned goods are pre-cooked, which means they can be made at home without much effort.
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In addition, canned foods are also nutritionally beneficial. Although some critics claim that canned foods are not as new as new products, they still contain essential nutrients and minerals. Many brands offer canned fruit at lower costs than new products, especially when purchased in bulk. This makes them a great option for those who save money on their purchases.
In addition, innovation in packaging technologies has allowed companies to produce those products in small portions, making them an attractive option for consumers. This is expected to increase sales of canned fruits in Korea.
Overall, the growing demand for juiced fruits is expected to be a key driving force of the Korea canned fruit market during the projected period. Companies are investing in the evolution of cutting-edge products and packaging technologies to stay ahead of the festival and take credit for this developing trend. With a wide diversity of flavors and serving sizes available, there’s no doubt that consumers will continue to enjoy those tasty and nutritious treats for many years to come.
Key Takeaways of the Canned Fruit Market
“The growing preference for juiced fruit in Korea will drive the expansion of canned fruit in Korea. Therefore, major players are introducing a lot of juice-filled canned fruits to gain momentum over the next ten years,” says an IMF analyst.
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The new competition can succeed if cutting-edge measures are taken.
As successful as it is, the canned fruit industry is overlooked. Since most new corporations are concentrating on processed and packaged foods, industry players can ensure that consumers have access to fresh, unmodified fruit. Therefore, canned fruit can become a lucrative business. .
Although the demand for canned fruit is already saturated, new companies may try to break through by offering canned fruit with appealing or uncommon flavors. Fruit consumption is increasing as people realize the positive effects that a healthy diet has. Nutrition can take into their bodies. As a result, corporations can invest money in research bureaucracy and progression to produce new products and facilities for consumers.
The security of ECE has attached great importance to the security of its food supply. The leaders of the global canned fruit industry realize this and sell their consumers only the most productive and hygienic products. In addition, the emergence of various high-tech machines, such as custom-designed processing and pitting lines, modern laser and color optical sorters, on-site frozen storage and freezing systems, and high-speed packaging lines, have simplified and accelerated the fruit processing procedure.
Del Monte Foods, The Kraft Heinz Company, Conagra Foods, Rhodes Food Group, Dole Food Company, Kangfa Foods, Seneca Foods, CHB Group, Gulong Food, Tropical Food Industries, and others are major competitors in the canned fruit market.
Key Canned Fruit Market Segments
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Nandini Singh Sawlani
The Associate Vice President of Future Market Insights is deeply committed to uncovering actionable insights for customers and food and beverage stakeholders. It brings a combination of analytics, industry trends, and customer habits to put knowledge into perspective.
What you do with knowledge becomes a pleasure to read. She is a reviewer and contributor to publications such as Process Industry Informer and Spinal Surgery News as she understands the pulse of the market and the conversion of customer preferences.
He likes to invite experts to a roundtable to assess the effect of a trend on an industry. Read their discussion on the effect of AI on packaging.