Tinned Fruits Market

Tinned Fruits Market Size, Share, Growth (2023-2028)

Tinned Fruits Market was estimated at 9.82 billion in 2023 and is expected to reach over USD 10.89 billion by 2028 with a CAGR of 2.10%.

Tinned Fruits Market Overview

 Tinned Fruits is a food preservation technique that uses a mixture of heating and storage procedures in airtight containers to greatly extend the shelf life of food by killing all spoilage-causing microorganisms. Food virtually any variety of processed or harvested food products can be tinned. The procedure has played a vital role in supplying sufficient armies to armies and has also played a key role in making a variety of known or harvested food products available only in new regional markets. Although today's consumers have many options and can find fresh food for more extended periods due to technologically advanced storage and freezing techniques, there was a time when a number of meals were only available in the tinned form. Even now, tinned foods remain a crucial part of any contemporary pantry. Advances in refrigeration and transportation techniques have facilitated the shipment of perishable and shorter shelf life products from one location to another. A better distribution channel with more efficient and controlled operating systems has facilitated the handling and storage of tinned fruits for an extended period. Tinning of food products is a food preservation technique that 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 certain geography to new regional markets.

Tinned Fruits Market Drivers and Restraints:

Due to consumers' growing awareness of health problems, consumers avoid excess calorie foods to protect themselves from health complications. Since a considerable part of the world population is vulnerable to diabetes, it is essential to reduce excess sugar from the fruits used in bakery products. By introducing original pieces of fruit dipped in juice, the sugar content of baked goods can be significantly reduced, without affecting the sweetness of the fruit, unlike those loaded with syrup. As a result, juice-dipped tinned fruits have been shown to be healthier alternatives for use in low-sugar baked goods. The continually changing eating habits of the world population have dramatically increased global consumption of tinned fruit in recent years. Factors such as high disposable incomes, rapid urbanization rates, the growing number of nuclear households, and busy lifestyles are supporting the augmented demand for ready meals. These trends have made tinned fruit an integral part of families' pantries around the world.Furthermore, the easy availability of a wide range of tinned fruit and the understanding that this fruit offers better nutritional value and economic costs compared to fresh fruit improves the demand for tinned fruit. However, the steady increase in demand for new or minimally processed products should gradually erode the market in the coming years. Moreover, the growing trend to abandon external foods and the significant decline in home cooking practices also continue to hurt the overall demand for tinned fruit.

Regional Share Insights of the Tinned Fruits Market:

Among the regions, Europe had the dominant share of almost 45% in the world tinned fruit market in 2018. North America followed with 34.5% of the world market in the same year. Collectively, the tinned fruit markets in Europe and North America have substantial control over the overall development of the global tinned fruit market and are expected to remain at the forefront of future market development. These regional markets are stimulated by factors such as high preference for ready meals, busy lifestyles and high disposable incomes. However, these regions will experience slow or stagnant growth during the report projection period due to the increasing demand for organic and fresh food products.

With the transformation of society in the Asia-Pacific region, the need for processed food is increasing. The rapidly changing lifestyle and continued population growth are the main reason for the inflated demand for ready-to-eat food. Furthermore, with the growing demand for processed foods, there is a need to develop healthier solutions with a longer shelf life. Tinned fruits prove to be the best remedy for all applications requiring pieces of fruit due to their ease of handling and ready-to-use installation. With the growth of the food industry in China, the demand for tinned fruit is increasing for versatile applications. India is also experiencing a similar boom due to the increasing trend of people towards fruit cakes and fruit bread.

Recent Developments in Tinned Fruits Market:

• In July 2019, Seneca Foods Corporation and Paradise, Inc. announced that Seneca had completed the acquisition of the Paradise fruit business. This Plant City, Florida-based company is a leading provider of candied fruit products. Its product line is sold to bakery manufacturers, institutions, and retailers for use in home baking.

• Del Monte Pacific Ltd (DMPL.SI), which is listed in Singapore, will purchase canned food from Del Monte Foods Consumer Products Inc. with private equity support of $ 1.7 billion, thus gaining a direct presence in the critical market of the United States and that gathers a substantial part of the Monte brand Del Famille. Del Monte Pacific shares rose 10% in the transaction.

• In February 2018 The Bonduelle Group acquired the Del Monte fruit and vegetable business. Conagra sells businesses in Canada for $ 34 million.

• In December 2013, Seneca Foods Corp. offered $ 148 million to recover Allens Inc., which filed for bankruptcy this year. Seneca Foods, a processor, specializing in canned fruits and vegetables, has signed a purchase agreement that would cover all of Allens Inc.'s assets. The transaction is subject to approval by the United States Bankruptcy Court.

• The United States Department of Agriculture (USDA) announced plans to purchase $ 25 million in canned peaches and mixed fruits for distribution to various food nutrition assistance programs. Purchases will be made in accordance with article 32 of the law of August 24, 1935, with the aim of encouraging the continuous internal consumption of these products by diverting them from the usual commercial and commercial channels.

Tinned Fruits Market Segmentation:

Based on Product:                       

• Yellow Peaches     

• Tangerine

• Grape        

Based on Packaging:                    

• Glass Packaging     

• Metal Packing        

• Others      

Based on End Users:                  

• Supermarket          

• Convenience Stores            

• Online Retailing     

Impact of COVID-19 on Tinned Fruits Market

COVID-19 will continue to impact the food industry and its supply chains. Meeting short-term demands shouldn't be a major challenge for most companies in the food industry, but industry experts and analysts have expressed a lack of clarity on the degree and extent of the impact sprouts. Due to this uncertainty, the F&B sector experienced delays in the supply of products. Many companies have launched contingency plans to build in-depth supply chain facilities across the country. Food retailers remain committed to preserving local supplies to combat the danger of interregional transportation bans. Food manufacturers with services in other countries have begun working with local suppliers to keep products moving and overcome potential ingredient shortages. The F&B culture that had flourished over the past decades will have to see new challenges with the slowdown of the Coronavirus, such as recovering from losses and a preference for ordering food online.

Tinned Fruits Market Regional Analysis:

• North America

• Asia Pacific

• Europe

• Latin America

• Middle East, and Africa

With the transformation of society in the Asia-Pacific region, the demand for processed foods is increasing. The rapidly changing lifestyle and the ever-increasing population is the main reason for the inflated demand for ready-to-eat foods. Additionally, with the increasing demand for processed foods, there is a need to develop healthier solutions with a sustained shelf life. Tinned fruits are considered as the best solution due to their ease of handling and use in various food applications. With the advancement of the food industry in China, the demand for Tinned fruits is increasing for multipurpose applications. India is also experiencing a similar boom due to people's growing penchant for fruit cakes and fruit bread.

Tinned Fruits Market Key Players

1. Seneca Foods Corporation

2. Del Monte

3. Dole Food Company, Inc.

4. Princes Group

5. Coca Cola Amatil Limited

6. Pinnacle Foods Inc.

7. Rhodes Food Group

8. ConAgra Foods Inc.

9. H.J. Heinz Company