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Latin America Tinned Fruits Market By Region - Latin America Industry Analysis, Size, Share, Growth, Trends, And Forecasts (2022 to 2027)

Published: March, 2023
ID: 7603
Pages: 145
Formats: report pdf report excel report power bi report ppt

Latin America Tinned Fruits market size was around USD 690 million in 2021. It is expected to grow at a CAGR of 2.9% to reach USD 790 million by 2026. It commands 7% of the global market.

Tinning of food products is a food preservation technique which uses a combination of heating and storing procedures in airtight containers to considerably increase the shelf life of the foods by killing all the microorganisms which cause food spoilage. Almost any variety of food product which is processed or harvested can be canned. This procedure has played a significant role in provisioning armies with adequate rations and in making available a variety of food products harvested in only a certain geography to new regional markets. However, the consumer today has several options and can find fresh food for longer durations due to technologically advanced storage and freezing methods, there was a time when a large number of foods were available only in the canned form. Still, canned foods remain a crucial part of any contemporary pantry.

The gradually changing and evolving food habits of the Latin America population have considerably risen the Latin America consumption of canned fruits in the past decade. Factors like rising disposable incomes, rising numbers of nuclear households, rapid rate of urbanization, and busy lifestyles are fuelling the growth of this market. These trends have made canned fruits a vital part of pantries of families worldwide. Additionally, the easy availability of canned fruits and the perception that canned fruits deliver better nutritional value at cheaper costs in contrast to fresh fruits are enhancing the demand for canned fruits.

But still, the gradual rise in the demand for minimally processed or fresh produce is anticipated to gradually erode the market in the forecast period. Furthermore, the growing inclination on eating outside food and the considerable reduction in home cooking practices also continue to have a negative impact on the market for canned fruits.

By geography, the market is segmented into Brazil, Chile, Argentina and others. Major players in this market are Coca Cola Amatil Limited, H.J. Heinz Company, ConAgra Foods Inc., Rhodes Food Group, Pinnacle Foods Inc., Del Monte, Dole Food Company, Inc., and Seneca Foods Corporation.

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