PUBLISHER: SkyQuest | PRODUCT CODE: 1244234
PUBLISHER: SkyQuest | PRODUCT CODE: 1244234
Europe Food Can Market was valued at USD 17.78 billion in 2021, and it is expected to reach a value of USD 21.08 billion by 2028, at a CAGR of 2.46% over the forecast period (2022-2028).
The demand for exotic fish and fish products would likely increase due to European consumers' shifting lifestyles, which is anticipated to fuel market expansion. Over the anticipated time, it is anticipated that rising consumer reliance on packaged goods, such as meat and powdered goods, will favour market expansion. The growing demand for organic, sustainable natural pet food products in Europe is anticipated to be beneficial for the market for food cans.
Demand for canned food in Europe has increased due to higher nutritional preservation. The demand for food cans in Europe is also rising as manufacturers place more attention on creating new goods with superior product dispensing qualities. Also, businesses are spending a lot of money to enhance industrial technologies, which will lower their need for raw materials and boost productivity.
Top-down and bottom-up approaches were used to estimate and validate the size of Asia Pacific Europe Food Can Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined by using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Segments covered in this report
Europe Food Can Market is segmented based on the product and application. Based on the product, the Europe food can market is segmented into aluminum and steel. Based on the application, the market has been segmented into meat, vegetable, fish, fruits, powder products, pet food, and ready meal.
Driver
Lifestyle modifications and rising consumer disposable income are propelling market growth for food cans in Europe.
The local market is anticipated to expand as a result of clients' changing lifestyles and rising disposable income. The market is also anticipated to increase as a result of factors like improvements in packaging technology paired with convenience aspects of canned food in terms of design and application.
Restraint
Growing consumer demand for freshly prepared meals in Europe is anticipated to significantly impede market expansion. Increasing health concerns among consumers are predicted to reduce demand for canned food, which will impede the expansion of the European food can market.
Market Trends
Businesses produce cans with distinctive designs and eye-catching printing to draw customers to the goods, which stimulates market expansion.
For regional sellers, the rising European demand for particular dry fruits like cashew nuts and almonds represents a good business opportunity. Because they provide a wide variety of food items from marketplaces other than the domestic market, ethnic grocery stores have a steady and expanding consumer base.