$49.5bn
$XXX.Xm
77,341
3,510
$X.Xbn
Canned fruit and vegetable processors often perform countercyclically to the US economy, benefiting it during economic uncertainty. During periods of growth, consumers shy away from canned fruit and vegetable products as higher levels of disposable income allow them to trade up to pricier and fresher products. The perception that canned and processed food is less nutritious than fresh and unprocessed food has substantially inhibited industry expansion in recent years, significantly as health consciousness rises. Producers have diversified product lines to include canned goods with zero added sugars and low-sodium or organic ingredients. Still, there is little opportunity for product innovation in canned fruit and vegetable processing, leaving companies to compete on price and quality.
Industry revenue has grown at a CAGR of 0.5 % over the past five years, to reach an estimated $49.5bn in 2024.
Market size is projected to decline over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Kraft Heinz Co | 6,096.4 | 565.6 | 9.3 | |
Campbell Soup Co | 4,953.9 | 731.4 | 14.8 | |
General Mills, Inc. | 3,860.7 | 779.6 | 20.2 |
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Industry revenue is measured across several distinct product and services lines, including Canned fruits and vegetables, Fruit and vegetable juices and Ketchup and other tomato-based sauces. Canned fruits and vegetables is the largest segment of the Canned Fruit & Vegetable Processing in the US.
Canned fruits and vegetables replace fresh produce in times of economic distress
Operators in this industry purchase fruits and vegetables and process them with other ingredients to create a variety of food products, including canned juices, canned soups (except seafood), jams, baby food, sauces and dehydrated fruits and vegetables. The final products are then packaged and sold to consumers at various retail channels.
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NAICS 31142 - Canned Fruit & Vegetable Processing in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
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Canned fruit and vegetable processors settle near upstream suppliers, which thrive in the West’s temperate climate. Having proximity to suppliers lowers transportation costs.
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Price competition prevents significant market domination. Since canned produce is known for being economical, price is a considerable basis of competition for canned fruit an...
Learn about the performance of the top companies in the industry.
Amid sluggish domestic demand, prominent canned fruit and vegetable processors look abroad to boost sales. Kraft Heinz recently acquired Brazilian company Hemmer to expand it...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
COVID-19 assistance contributed to already inflated sales. Stockpiling and low consumer confidence in 2020 underpinned the industry’s only year of growth during the five year...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Profit continues to stagnate despite inflated demand amid COVID-19. Broader trends away from canned fruit and vegetable products are dragging profit down.
Including values and annual change:
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Key data sources in the US include:
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The market size of the Canned Fruit & Vegetable Processing in the US industry in United States is $49.5bn in 2024.
There are 3,510 businesses in the Canned Fruit & Vegetable Processing in the US industry in United States, which has declined at a CAGR of 0.6 % between 2019 and 2024.
The market size of the Canned Fruit & Vegetable Processing in the US industry in United States has been growing at a CAGR of 0.5 % between 2019 and 2024.
Over the next five years, the Canned Fruit & Vegetable Processing in the US industry in United States is expected to decline.
The biggest companies operating in the Canned Fruit & Vegetable Processing market in United States are Kraft Heinz Co, Campbell Soup Co and General Mills, Inc.
Canned fruits and vegetables and Fruit and vegetable juices are part of the Canned Fruit & Vegetable Processing in the US industry.
The company holding the most market share in United States is Kraft Heinz Co.
The level of competition is moderate and increasing in the Canned Fruit & Vegetable Processing in the US industry in United States.