Time Efficiency Offered by Canned Preserved Food to Continue to Boost Its Demand, Says Tmr

Transparency Market

Research

Canned Preserved Food Market - Asia Pacific and Latin America

Industry Analysis, Size, Share, Growth, Trends and Forecast,

2015 – 2021

Published Date

10-11-2015

73 Page Report

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Press Release

Increasingly Hectic Lifestyles Contribute to Expected Rise of Asia Pacific

and Latin America Canned Preserved Food Market to US$38.1 bn by

2021

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Canned Preserved Food Market

REPORT DESCRIPTION

Although the competitive landscape of the canned preserved food market in Asia Pacific and Latin America

boasts of a large pool of local as well as international players, only a few companies, namely, DelMonte

Pacific Ltd., H.J. Heinz Co., ConAgra Foods, Pinnacle Foods, and MTR Foods have managed to establish their

brands in these regions, finds a study by Transparency Market Research.

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As of now, these players mostly rely on the introduction of new products in varied flavors or with extra

nutritional value to strengthen their presence. However, in the coming years, they will need to penetrate

developing economies, such as China, Brazil, India, and Japan, where the market share of canned

preserved food is low at present but the future growth potential is very high.

Time Crunch in Urban Areas Drives Demand for Canned Preserved Food

“The time efficiency offered by canned food, as it is mostly readymade and does not require cooking, has

boosted its demand significantly in the recent times,” an analyst at TMR states. The fast-paced routines of

people across the world do not leave room for cooking in their day-to-day lives, owing to which, their

reliance on canned food is increasing rapidly....