Technavio Says Increase in Demand for Healthy Food Will Improve the Canned Food Market in the US Through 2019
August 12, 2015 | By Business Wire News
LONDON
Technavio has published a new report on the canned food market in the US,which is expected to grow at a CAGR of almost 2% from 2015-2019.
About the Report
According to the new report by Technavio, the growth of organized retail sectors will have a significant impact on the canned food market in the US. The growing customer base for canned food products has increased the availability of canned products in retail stores such as supermarkets, hypermarkets, and pop-up stores.
“The increasing availability of canned food products online is also influencing the sales in the market. The increase in retail penetration of these products is expected to drive market growth,” says Faisal Ghaus, Vice President of Technavio.
The latest report by Technavio also states the rising number of working women, long working hours, and an increase in disposable incomes are the main factors contributing to the demand for canned food in the US.
“Consumers preferring canned food as a solution for eating healthy food without spending much time for preparation is a trend which will boost market growth,” adds Ghaus.
Market Scope and Calculation of Market Size
The new Technavio report covers the present scenario and growth prospects of the canned food market in the US from 2015-2019. We consider revenue generated and volume consumed and retail sales of canned food products to calculate the market size.
Key Information Covered in the Report:
- Key Vendors:
- Campbell Soup
- Del Monte Foods
- ConAgra Foods
- Hormel Foods
- Market Growth Drivers:
- Increase in demand for healthy food
- For a full detailed list, view our report.
- Market Challenges:
- Adverse health issues
- For a full detailed list, view our report.
- Market Trends:
- Change in consumer demographics
- For a full detailed list, view our report.
Technavio currently has more than 3000 market research reports on a huge range of topics, including 300+ reports on the food market:
If you are interested in more information, please contact our media team at media@technavio.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150812005383/en/
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1-630-333-9501
UK: +44 208 123 1770
www.technavio.com
media@technavio.com
