The U.S. canned foods market size was estimated at USD 16.35 billion in 2017. Improvement in distribution infrastructure and the resultant increasing popularity of ready-to-eat food products, coupled with the affordability of canned foods and changing lifestyles is expected to propel the industry growth over the forecast period.

The market exhibits the presence of large players acquiring smaller entities with these players reducing prices, thus, yielding to intense competition. It is also observed that the exit barriers for canned food companies is high owing to divestment of assets and higher fixed costs of automated processes thus intensifying the rivalry among competitors.

The demand in the U.S. is estimated to be valued at USD 22.23 billion by 2025. In the U.S., sustainable farming techniques coupled with the benefits of these food products has resulted in an increase in its consumption. The various advantages of canned foods such as ease in cooking, and increased shelf life are also expected to drive the market growth in the U.S.

The industry is characterized by high volume and low margin of the product. The supplier power is anticipated to be weak with canned food processing companies sourcing the input from large number of suppliers. The retail industry is observed to be fragmented with companies selling products to small buyers.

In January 2017, “Control of Listeria monocytogenes in Ready-To-Eat Foods”, a draft guidance was released by the U.S. Food and Drug Administration, which aims at preventing ready-to-eat (RTE) foods from the risk of Listeria monocytogenes (L. mono). The FDA supports ongoing efforts by government agencies and industry participants to achieve food safety across the nation.

The companies involved in the industry are required to file the processes utilized in the manufacturing of canned food products and report them to the U.S. FDA. The authority under 21 CFR 108 also regulates the type of processes utilized in manufacturing of canned food products, and container size & quality utilized for packaging purposes.

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