Canned Food Industry Is Declining
For most people, canned foods have been an essential pantry item used as an ingredient in cooking or as a quick and convenient meal. That may not be true anymore though, as canned food sales are declining and fewer canned foods are filling pantry shelves, according to Food & Drink Europe.
A 2012 market report, "Canned/Preserved Food Packaging in the U.S.," shows that despite the economic crisis, canned food sales are declining because many people are unwilling to sacrifice the quality of their food for a lower cost.
Worldwide canned food sales are predicted to reach nearly $80 billion by 2014, but only three of eight sectors in the industry grew in 2011, with the highest growth being in canned fish. This growth is due to higher fish consumption, improvements in sustainablysourced products, and a rise in greater-value products. Canned food sectors that were reviewed included canned sauces, canned desserts, canned fish and seafood, canned fruits, canned meat, canned pasta and noodles, canned soups, and canned vegetables.
The report reveals that the top consumer demands for food depend on freshness, good-quality ingredients, convenience, and eco-friendliness. While canned foods can meet all of these demands, consumers may not be aware of their merits.