South America Canned Fruits Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 6.02 % |
| Fastest Growing Market | South America |
| Largest Market | South America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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South America Canned Fruits Market Analysis
The South America Canned Fruits Market is projected to register a CAGR of 6.02% during the forecast period, 2022-2027.
Convenience is a top priority for consumers today when making purchases, and they look to companies to keep coming up with new, creative methods to save them time and effort. Since they are readily available all year long, regardless of the season, and can be kept for months or even years without refrigeration, canned fruits are extremely popular in the region as a whole. Additionally, millennials and their wide acceptance of ready-to-eat fruits led manufacturers to introduce various canned fruit products in the market. For instance, Del Monte Foods offers a variety of canned fruits such as canned mango, grapefruit, and cherries, among others.
Furthermore, South American consumers have become more concerned and aware of dietary health, thus, they prefer purchasing canned food from multinational manufacturers who have been influenced to develop products with greater health and nutritional benefits. Government agencies in the region have urged better management due to the increased prevalence of diabetes and other health concerns; therefore, a variety of initiatives have been undertaken to expand the customer base. According to information provided by the International Trade Administration, the Argentine government implemented new nutritional labeling in March 2021, mandating companies to display black octagonal warning labels on processed or canned food packages.
Additionally, the growing number of vegetarians and the expanding fitness and wellness trend in the area are projected to fuel the market. Thus, canned fruits are becoming increasingly popular as a convenient meal option among working people which in turn drives the growth of the market in the upcoming years.
South America Canned Fruits Market Trends
This section covers the major market trends shaping the South America Canned Fruits Market according to our research experts:
Rising Inclination Towards Convenience Food
Due to the growing preference for nutritious, quick, or ready-to-eat food options in both established and developing economies, there is an increase in demand for canned food items. Nowadays, a large portion of the working population chooses fruits and vegetables for breakfast as a post-meal snack which led to the demand for canned fruit since it is being made without any preservatives and additives thus, it is a healthy alternative. Furthermore, a significant portion of the growth is anticipated to come from the surge in female labor force participation and the high disposable income of South Americans. According to data released by the World Bank, Uruguay had the highest gross national income per capita in South America in 2021, with USD 15,800 per person.
Over the medium term, consumers have emphasized necessities and convenience foods because of the COVID-19 epidemic, which has been the main driver of retail sales increase in basic Brazilian packaged food categories. According to the Brazilian Food Processors' Association, in 2021, the country's food processing sector increased its production by 16.9 percent compared to 2020. Similarly, the World Health Organisation has recommended consuming more nutritional fruits which are rich in minerals, vitamins, E, C, and D to fight against the virus. Thus, there is a growing demand for canned foods which led to the increased consumption of canned mandarins, pineapple, and lemons in the region.
Argentina is the Fastest Growing Country
The canned fruit market in Argentina is expanding rapidly due to a variety of factors, including a rising preference for tropical canned fruit meals and high demand for commercially canned fruits by the food industry. Additionally, people frequently eat canned fruit cocktails, which are a combination of at least three fruits like apples, pears, and peaches with sugar syrup drizzled over the fruits, as an evening snack or between meals. The nation's e-commerce grocery store penetration is increasing, which has raised the demand for packaged goods and boosted sales of canned food products. For instance, Mercado Libre, an online retailer, reported that its number of unique active users increased by 84%, from 61.1 million in 2019 to 112.5 million in 2020 in the region. According to the Argentine Chamber of Information and Communications (CICOMRA), in 2021 Argentina had 24.5 million urban households with access to computers and 78 percent to the internet. This further implies that, with growing access to the internet and online retailing among Argentine consumers, the sales of packaged or processed food including canned fruits is growing in the country.
South America Canned Fruits Industry Overview
The South American canned fruit market is highly competitive owing to the presence of multiple national and international players offering a wide range of canned fruit products and trying to maintain their leadership position in the market studied. The major players operating the market are Del Monte Foods, Inc., Aconcagua Foods SA, Dole plc, Walmart, and Bonduelle, among others. Key players are also implementing a variety of strategic steps to survive in a cutthroat market, such as increasing their manufacturing capacity or their presence which in turn, provides them a competitive advantage. Additionally, in order to meet consumer demand, market companies are developing new varieties of canned fruits.
South America Canned Fruits Market Leaders
Del Monte Foods, Inc
Aconcagua Foods SA
Dole plc
Bonduelle
Walmart
*Disclaimer: Major Players sorted in no particular order
South America Canned Fruits Market News
- In August 2021, Del Monte Foods declared the launch of the Gut Food product range which is canned fruit chunks infused with antioxidants in the market.
- In July 2021, Dole Packaged Foods, LLC announced the launch of latest functional fruit-based product range, Dole Essentials fruit cups. The cups are available in three varieties such as gluten-free, non-GMO, contain no added sugars, and contain 50% of the daily recommended amount of vitamin C.
South America Canned Fruits Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Force Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Product Type
5.1.1 Peaches
5.1.2 Pineapple
5.1.3 Mandarin oranges
5.1.4 Pears
5.1.5 Other Fruit Types
5.2 By Form
5.2.1 Whole fruits
5.2.2 Cut fruits
5.3 By Distibution Channel
5.3.1 Supermarkets/Hypermarkets
5.3.2 Convenience Stores
5.3.3 Online Stores
5.3.4 Other Distribution Channels
5.4 Geography
5.4.1 Brazil
5.4.2 Argentina
5.4.3 Rest of South America
6. COMPETITIVE LANDSCAPE
6.1 Most Adopted Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 Del Monte Foods, Inc
6.3.2 Bonduelle
6.3.3 The Kraft Heinz Company
6.3.4 Dole plc
6.3.5 Native Forest Organic
6.3.6 Walmart
6.3.7 Colombina
6.3.8 Aconcagua Foods SA
6.3.9 McCallum Industries
6.3.10 Century Pacific Foods
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. IMPACT OF COVID-19 ON THE MARKET
9. DISCLAIMER
South America Canned Fruits Industry Segmentation
Canned fruits are fruits that have been sterilized and sealed in an airtight container with or without syrup, water, or other edible liquid. The South American canned fruit market (henceforth referred to as the market studied) is segmented by product type, by form, by distribution channel, and geography. By product type, the market is segmented into peaches, pineapple, mandarin oranges, pears, and others. By form, the market is segmented into whole fruits and cut fruits. Based on distribution channels the market is bifurcated into supermarkets/hypermarkets, convenience stores, online retail, and other distribution channels. It provides an analysis of emerging and established economies across the region, comprising Brazil, Argentina, and the rest of South America. For each segment, the market sizing and forecasts have been done on the basis of value (in USD million).
| By Product Type | |
| Peaches | |
| Pineapple | |
| Mandarin oranges | |
| Pears | |
| Other Fruit Types |
| By Form | |
| Whole fruits | |
| Cut fruits |
| By Distibution Channel | |
| Supermarkets/Hypermarkets | |
| Convenience Stores | |
| Online Stores | |
| Other Distribution Channels |
| Geography | |
| Brazil | |
| Argentina | |
| Rest of South America |
South America Canned Fruits Market Research FAQs
What is the current South America Canned Fruits Market size?
The South America Canned Fruits Market is projected to register a CAGR of 6.02% during the forecast period (2024-2029)
Who are the key players in South America Canned Fruits Market?
Del Monte Foods, Inc, Aconcagua Foods SA, Dole plc, Bonduelle and Walmart are the major companies operating in the South America Canned Fruits Market.
Which is the fastest growing region in South America Canned Fruits Market?
South America is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in South America Canned Fruits Market?
In 2024, the South America accounts for the largest market share in South America Canned Fruits Market.
What years does this South America Canned Fruits Market cover?
The report covers the South America Canned Fruits Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the South America Canned Fruits Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
South America Canned Fruits Industry Report
Statistics for the 2024 South America Canned Fruits market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. South America Canned Fruits analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
