The Latin America Canned Food market is predicted to reach USD 10.85 billion in 2024 and USD 13.15 billion by 2029, growing at a CAGR of 3.92% during the forecast period.
Canned foods are processed food products such as fruits, vegetables, and others that are stored in airtight metal containers and are sterilized using heat. This process helps in preserving the quality of food products and prolonging their shelf life of the food products. Canned food products come in handy during emergency situations due to their long shelf life. One of the major drivers of the canned food products market is the convenience and long shelf life they possess. There has been a change in the eating habits of people due to the influence of western culture which in turn drives the market. However, the extra sugar and salt content may pose a restraint to the growth of the market.
Dole Food Company Inc., DelMonte Pacific Ltd., ConAgra Foods Inc., H.J. Heinz Company, Pinnacle Foods Inc., B&G Food Holdings Corporation, Bolton Group International, La Doria, Campbell Soup, Nestle, Zanlakol, CECAB Group, Princes Limited and Bonduelle are some of the notable companies in the Latin America Canned Food market.
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