The Latin America Canned Fruits Market is expected to be worth USD 1.34 billion in 2024 and estimated to be growing at a CAGR of 3.4%, to reach USD 1.59 billion by 2029.
Canning is a food preservation method that involves uses of heating and storing procedures in airtight containers, which increases the shelf life of food products by elimination of micro organisms that cause the food spoilage. Addition of preservatives further prolongs the shelf life and keeps food fresh for longer time.
Factors fuelling the growth of market are rapid rate of urbanization, increasing number of nuclear households, busy lifestyles and increasing demand for portable storage methods for food products as well as growing popularity for convenience foods. However, factors like presence of alternative economic packaging methods and high prices of canned fruits are the factors hindering the growth of market.
This Research Report on Latin America Canned Fruits Market is segmented, and sub segmented into following categories.
Latin America Canned Fruits Market By Type
Latin America Canned Fruits Market By Distribution Channel
Based on Distribution Channel it is divided into Supermarkets, Convenience stores, Specialist Retailers, Online Retails and Others. Supermarkets hold the major share in the market due to easy accessibility and bulk storage while Online retails are expected to grow the fastest.
Latin America Canned Fruits Market By Region
Based on geographical analysis, the market is divided into regions of Brazil, Argentina, Mexico and Rest of Latin America. Brazil holds the major share in the market due to presence of market leaders as well as extensive use of Canned Fruits as a part of daily diet. Argentina is the fastest growing region due to increasing disposable income, growing awareness and increasing adoption rate. Based on Type, Inorganic Fruits hold the major share in the market due to their longer shelf life, while organic fruits are on the rise due to increasing trend of organic farming and consumption of organic products.
KEY PLAYERS IN LATIN AMERICA CANNED FRUITS MARKET
key players are ConAgra Foods, Dole Food Company, H.J. Heinz, Seneca Foods, Rhodes Food Group, Ardo, Conserve, Del Monte, CHB Group, Tropical Food Industries and Reese.
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