The
chief objective of canning fruits is to preserve its nutritional
values in a stable form so that it can be used, stored, or shipped to
different places throughout the year. When fruits picked fresh from
the farms or domestic markets are canned they do not lose their
nutritional forms. This is because canning is a method of preserving
food contents in a processed and sealed container that is airtight by
nature. Canning fruits halt the decomposition process until the metal
container is opened again. This means, if fruits are packaged
immediately after picking up from the markets, they can contain
higher levels of vitamins and nutrients that could maintain a shelf
life ranging from one to five years from the date of manufacturing.
Canned
Fruits Market – Industry Insights and Benefits
Canned
fruits are extremely convenient to use because they last for several
months in a row and are available throughout the year, irrespective
of the season. Canned fruits do not require refrigeration and can be
stocked in your kitchen in case of emergency. Some fruits preserved
in metal cans have added syrup or sugar content, while others are
extremely high in sugar and sodium – all of which can affect your
health in certain ways. Hence, it is recommended if you are
purchasing canned fruits then seek for brands offering low sugar or
sodium content. Canned fruits are regarded a good alternative if you
cannot get fresh fruits from the market for any reason.
The
market for canned food is driven by the increase in demand for canned
food and their environmental benefits. The availability of various
products and environment friendly raw materials are significant
factors contributing towards the growth of this market.
However,
in recent times, with the introduction of PET (Polyethylene
Terephthalate) bottles and HDPE (High Density Polyethylene) materials
in the packaging industry, the market for metal cans has lost its
significance in terms of market shares, especially in the food and
beverages segment. This market is stagnated due to growing health
concerns among various consumers. The rising incidences such as
diabetes have shunned the use of canned foods in favor of fresh food
content. In addition, accessibility to alternative methods and
stringent government regulations in the market for canned fruits act
as major growth barriers to this market.
Canned
Fruits Market: Regional Analysis
Geographically,
North America and Europe were dominant leaders in the global canned
fruits market in 2012. Together they accounted for more than 75% of
the market shares. Europe dominated this market with nearly 45.2%
share of the global demand in 2012, followed by North America with
34.5% shares for the same year. The factors driving these two markets
are food safety concerns, preference for easy-packaged foods, and
mundane lifestyles. While the European market will retain its
position over the next six years, growth in North America is expected
to slope down by 2019.
Furthermore,
the Asia-Pacific region is growing up to be the next promising market
consuming 15.8% of the total shares in the canned fruits market.
Asia-Pacific that comprises economies such as, India, Australia,
Japan, and China have rising demands for canned fruits due to changes
in their lifestyles, surging number of working women, expansion of
foreign joint ventures, and improvements in trade scenario. All these
are major factors contributing to the growth of this market.
Global
& Future Prospect
In
most cases, canned fruits reach the producers through integrated
manufacturers or directly through distribution of leading brands. A
gradual growth in fresh fruit consumption is steadily eroding the
market for canned fruits. This market has now
become an integral part for most consumers and their monthly grocery
budget. Even though, canned fruits have ceded its market shares to
various other food products in the past few years, this market is
expected to hit $10,827.7 million by 2019 from a figure of $8,626.6
million in 2012, further growing at a CAGR of 3.3% from 2013 to 2019.
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