Time Efficiency Offered by Canned Preserved Food to Continue to Boost its Demand, Says TMR.pdf

Time Efficiency Offered by Canned Preserved Food to Continue to Boost its Demand, Says TMR.pdf

  • Submitted By: amyjames
  • Date Submitted: 09/19/2016 12:42 AM
  • Category: Business
  • Words: 1399
  • Page: 6

Transparency Market
Canned Preserved Food Market - Asia Pacific and Latin America
Industry Analysis, Size, Share, Growth, Trends and Forecast,
2015 – 2021
Published Date

73 Page Report

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Press Release
Increasingly Hectic Lifestyles Contribute to Expected Rise of Asia Pacific
and Latin America Canned Preserved Food Market to US$38.1 bn by

Transparency Market Research
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Canned Preserved Food Market


Although the competitive landscape of the canned preserved food market in Asia Pacific and Latin America
boasts of a large pool of local as well as international players, only a few companies, namely, DelMonte
Pacific Ltd., H.J. Heinz Co., ConAgra Foods, Pinnacle Foods, and MTR Foods have managed to establish their
brands in these regions, finds a study by Transparency Market Research.
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As of now, these players mostly rely on the introduction of new products in varied flavors or with extra
nutritional value to strengthen their presence. However, in the coming years, they will need to penetrate
developing economies, such as China, Brazil, India, and Japan, where the market share of canned
preserved food is low at present but the future growth potential is very high.
Time Crunch in Urban Areas Drives Demand for Canned Preserved Food
“The time efficiency offered by canned food, as it is mostly readymade and does not require cooking, has
boosted its demand significantly in the recent times,” an analyst at TMR states. The fast-paced routines of
people across the world do not leave room for cooking in their day-to-day lives, owing to which, their
reliance on canned food is increasing rapidly....

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