Canned Fruits Market to Be Driven by Changing Food Habits: Transparency Market Research

May 6, 2015 | By Business Wire News

ALBANY, N.Y.

Transparency Market Research has announced the release of a report titled “Canned Fruits Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019”. According to the report, growing at CAGR of 3.8% between 2013 and 2019, the global canned fruits market is anticipated to reach a market value worth US$10827.7 million by 2019 from US$8626.6 million in 2012.

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Rapid urbanization, rising income levels and changing food habits are some of the prominent factors that stimulate the global canned fruits market. The growing preference for convenience foods also drives this market. Steel and aluminum are the only two materials that are used in canned fruits cans, owing to their easy availability.

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The demand for steel and aluminum from the canned fruits market is fuelled by their non-toxic and recyclable properties, which in turn lead to effective waste management and judicious usage of raw materials and energy. The threat of substitute products and stringent government guidelines hinder the growth of the global canned fruits market.

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Geographically, the global canned fruits market is segmented into Asia Pacific, Europe, North America and RoW. North America and Europe dominate the global canned fruits market owing to a fast lifestyle, concern over food safety, and high demand for convenience foods. Asia Pacific, with Europe and North America losing their respective market shares, will be the dominant regional player in the overall canned fruits market in the forecasting horizon.

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The Europe and North America canned fruits markets will be characterized by sluggish growth over the next few years. Some of the prominent companies in the global canned fruits market include Princes Group, CHB Group, Pinnacle Foods Inc., Rhodes Food Group, Del Monte Corporation, and ConAgra Foods Inc.

Browse all Food & Beverages Reports:http://www.transparencymarketresearch.com/food-beverages-market-reports-4.html

About Transparency Market Research

Transparency Market Research (TMR) is a U.S. based market intelligence company driven by high-pedigree consultants and researchers. TMR leverages its Syndicated Research, Custom Research, and Market Consulting expertise to help businesses make accurate decisions. TMR’s exclusive blend of quantitative forecasting and trends analysis draws on proprietary data sources and techniques, while their data repository is continuously updated to reflect the latest trends.