This entry was posted on December 18, 2020.
As Bloomberg news recently reported, there are several reasons why consumers are gravitating toward cans right now. The news provider focused on the canned meat market, where products such as Spam and corned beef are facing unprecedented demand. Some of the motive is financial: With the pandemic introducing harsh economic conditions, people are seeking affordable meals. The fresh meat supply chain has experienced recent disruptions and related price spikes. Other motives include nostalgia and a desire for comforting foods, leaving another opening for canned goods.
It's especially important to make a strong impact in the canned foods space because as long as you keep prevailing trends in food consumption in mind, you can find lasting success in this segment of the market. Research And Markets found the canned food market is set to grow at a compound annual growth rate of 3.86% between 2020 and 2025. Ease and convenience are enduring selling points for canned foods, and these motives have been driving consumers to pick canned fruit, vegetables and seafood in addition to meat.