The value of canned food will reach US $105 billion by 2021.

The global canned food industry is expected to grow at a compound annual growth rate of 3.8% (CAGR) until 2021.

The report points out that brand image and customer loyalty are considered important for the continuous growth of the global canned food industry. Focusing on convenient and innovative products, quality and environmental protection are expected to drive market growth.

Therefore, new product development, high investment R & D and growing demand in developing countries are the growth opportunities for canned food industry.

It is reported that, considering the high demand, the most rapidly growing part of the fish and seafood market is the sustainable purchase of products and the appropriate value added in the industry.

At present, the dominant market position is Europe, followed by North America. In the next few years, the Asia Pacific market is also expected to experience a boom. Slow evolution and the growth of cities in India and China have played an important role in promoting the development of the canned fruit industry, which will change the eating habits.

In addition, the report points out that strategic alliances and regional agreements such as South America and Asia Pacific have been widely adopted to increase market penetration.

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