The Canned And Ambient Food Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2011-2022) and extends its insights into a ten-year forecast period (2024-2033).

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In accordance with The Business Research Company's insightful Canned And Ambient Food Global Market Report for 2024, the robust expansion of the canned and ambient food market in recent years is noteworthy. The market, valued at $230.72 billion in 2023, is poised to ascend to $245.87 billion in 2024, showcasing a commendable compound annual growth rate (CAGR) of 6.6%. This remarkable growth in the historical period can be attributed to factors such as extended shelf life, advancements in food preservation technology, enhanced convenience and portability, pivotal roles in military and emergency supplies, and the facilitation of global food distribution.

Forecasts for the canned and ambient food market indicate a continued trajectory of substantial growth in the coming years, projecting an escalation to $311.03 billion by 2028, underlining a steady CAGR of 6.1%. The anticipated growth in the forecast period is underpinned by several key factors, including the increasing recognition of health and nutritional benefits, a paradigm shift towards sustainability and eco-friendly packaging, a burgeoning array of diverse food options, the pervasive influence of digital marketing and e-commerce, and a surging demand for functional and convenience foods.

Moreover, noteworthy trends shaping the landscape of the canned and ambient food market in the forecast period encompass the rising popularity of plant-based and vegan alternatives, a growing penchant for global and ethnic flavors, an increased demand for clean label products, the prevalence of single-serve and portion control offerings, and a notable surge in the appeal of ready-to-eat and microwaveable meals. These trends collectively underscore the dynamic evolution and diversification within the industry, catering to the evolving preferences of the discerning consumer base.

Numerous nations globally are grappling with the repercussions of plummeting crop prices attributed to overcapacity. This trend is poised to yield diminished raw material costs for entities in the food and beverage sector. A case in point is the November 2022 scenario highlighted in Frontline, a prominent Indian agricultural magazine. The Cabinet Committee on Economic Affairs, in response to the oversupply predicament, unveiled a substantial Rs 7000 crore bailout package. Specifically, this initiative targeted farmers engaged in sugar production, aiming to establish a minimum selling price for refined sugar at Rs 29 per kilogram (recently depreciated to Rs 23-24). Additionally, the plan involved creating a buffer stock of 3 million tonnes of sugar for a year. Consequently, the overproduction dynamics in certain crops are anticipated to translate into augmented profit margins for the food and beverage sector. Realizing these enhanced margins hinges on the proactive elevation of productivity by ambient food manufacturing companies, thereby steering the market towards sustained growth.

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The canned and ambient food market covered in this report is segmented –

1) Canned And Ambient Food Market By Type: Fruit And Vegetable Canning; Specialty Canning; Dried And Dehydrated Food
2) Canned And Ambient Food Market By Application: Food; Snacks; Intermediate Products; Condiments; Other Applications
3) Canned And Ambient Food Market By Distribution Channel: Supermarkets/Hypermarkets; Convenience Stores; E-Commerce; Other Distribution Channels

Subsegments Covered: Fruit Canning; Vegetable Canning; Canned Baby Food; Canned Soups; Other Canned Specialty Foods; Dehydrated Fruits; Dehydrated Meat Products; Dehydrated Vegetables; Other Dried And Dehydrated Food

The canned and ambient food market report table of contents includes:

1. Executive Summary

2. Canned And Ambient Food Market Characteristics

3. Canned And Ambient Food Product/Service Analysis -Product/Service Examples

4. Canned And Ambient Food Market Trends And Strategies

5. Canned And Ambient Food Market - Macro Economic Scenario

.........

68. Global Canned And Ambient Food Market Competitive Benchmarking

69. Global Canned And Ambient Food Market Competitive Dashboard

70. Key Mergers And Acquisitions In The Canned And Ambient Food Market

71. Canned And Ambient Food Market Future Outlook and Potential Analysis

72. Appendix

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