PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1777911
PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1777911
Global Canned Pineapple Market to Reach US$2.4 Billion by 2030
The global market for Canned Pineapple estimated at US$2.0 Billion in the year 2024, is expected to reach US$2.4 Billion by 2030, growing at a CAGR of 3.5% over the analysis period 2024-2030. Pineapple Chunks, one of the segments analyzed in the report, is expected to record a 4.1% CAGR and reach US$1.3 Billion by the end of the analysis period. Growth in the Pineapple Slices segment is estimated at 3.1% CAGR over the analysis period.
The U.S. Market is Estimated at US$533.8 Million While China is Forecast to Grow at 6.6% CAGR
The Canned Pineapple market in the U.S. is estimated at US$533.8 Million in the year 2024. China, the world's second largest economy, is forecast to reach a projected market size of US$483.4 Million by the year 2030 trailing a CAGR of 6.6% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 1.4% and 2.7% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 2.0% CAGR.
Global Canned Pineapple Market: Key Trends & Drivers Summarized
What Is Driving the Demand for Canned Pineapple?
The global canned pineapple market is witnessing steady growth, propelled by the rising consumer demand for convenient and long-lasting fruit products. The growth can be attributed to the rising demand for convenience food, increasing health consciousness, and consumer preferences for exotic and tropical flavors.
How Are Product Variations Influencing Market Expansion?
Product variations, such as canned pineapple chunks and slices, are catering to diverse consumer preferences and culinary applications. The demand for canned pineapple chunks is primarily driven by their convenience and year-round availability, catering to consumer demand for quick and easy access to tropical fruits. These variations enhance the versatility of canned pineapple in various recipes, from desserts to savory dishes, thereby broadening its consumer base.
Why Is the Asia Pacific Region Leading the Market?
The Asia Pacific region was the largest revenue-generating market for canned pineapple in 2024. This dominance is due to the region's established pineapple cultivation and processing industries, coupled with a high domestic consumption rate. Additionally, the growing popularity of tropical flavors in international markets has bolstered export opportunities for Asia Pacific producers.
What Factors Are Fueling Market Growth?
The growth in the canned pineapple market is driven by several factors. The increasing consumer demand for convenient and long-lasting fruit products aligns with the busy lifestyles of modern consumers. The availability of various product forms, such as chunks and slices, caters to diverse culinary uses, enhancing the product's appeal. Furthermore, the expansion of distribution networks, including supermarkets and online retail platforms, has made canned pineapple more accessible to a broader audience, thereby contributing to market growth.
SCOPE OF STUDY:
The report analyzes the Canned Pineapple market in terms of units by the following Segments, and Geographic Regions/Countries:
Segments:
Product Type (Pineapple Chunks, Pineapple Slices, Pineapple Tidbits); Distribution Channel (B2C Distribution Channel, B2B Distribution Channel); Application (Beverages and Drinks Application, Bakery and Snacks Application, Other Applications)
Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
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