India Canned Food Market Size Set to Grow at Steady CAGR of 7.21% During 2023–2029

Published | 27 April 2023

India canned food market is flourishing due to an increasing disposable income among middle class consumers, changes in food preferences, international key players’ increased participation in the country through new product launches and investments.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, expects India canned food market size to grow at a steady CAGR of 7.21% by 2029. Because of rising consumer demand for quick-to-prepare and convenient meal options, the canned food industry in India is rapidly expanding and is expected to do so during the forecast period. Also, consumers in India have more discretionary income owing to the country's expanding economy and rising income levels. The canned food market is also growing due to urbanization, which has increased consumer demand for ready-to-eat meals. City dwellers' hectic lifestyles have increased their desire for quick-to-prepare food, resulting in an increased market share. The expansion of India's tourism industry has increased demand for canned food products in restaurants, hotels, and other food service establishments.

India Canned Food Market – Overview

Canning is the process of extending the shelf life of food products, such as seafood, meats, fruits, vegetables, sweets & desserts, soups & sauces, beans, lentils, and pasta. The process kills harmful bacteria by processing food, sealing processed food into cans, and heating cans. Canning preserves food nutrients and prevents decomposition caused by external factors such as sunlight and air. Because of people's hectic lifestyles, there is currently an increase in the consumption of canned food products all over the world.

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Impact of COVID-19 on India Canned Food Market

Because of the COVID-19 outbreak, more people were eating at home and buying in stores, which increased the use of canned foods. Due to the shutdown, retail became one of the primary distribution channels for canned goods. Due to their long shelf lives, which attracted customers who were subject to home quarantines, governmental restrictions on simple transportation, and other aspects of lockdowns, canned food sales increased during the COVID-19 pandemic related lockdowns.

India Canned Food Market – By Distribution Channel

India canned food market is segmented into Supermarket/Hypermarket, Convenience Stores, E-Commerce, and other segments. Because of the growing number of convenience stores across the country, the convenience stores segment is expected to grow at a significant CAGR during the forecast period. Due to the growing popularity of e-commerce grocery stores and other sites among consumers, the e-commerce segment is expected to outperform during the forecast period.

Competitive Landscape

India canned food market is highly competitive. Major players in the market include Campbell Soup Company, Conagra Brands Inc., Del Monte Inc., Nestlé S.A., The Bolton Group, Kraft Heinz Company, Bonduelle SA, JBS S.A. (SAMPCO), Thai Union Group PCL, and Dole Food Company. These companies use various strategies, including increasing investments in their R&D activities, mergers, and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in the India canned food market.

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The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of India Canned Food Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in India Canned Food Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

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