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Canned Lamb Global market Report 2024 – Market Size, Trends, And Global Forecast 2024-2033
The Business Research Company's Canned Lamb Global Market Report 2024 – Market Size, Trends, And Global Forecast 2024-2033
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LONDON, GREATER LONDON, UK, August 27, 2024 /EINPresswire / -- The canned lamb market has experienced robust growth in recent years, expanding from $1.48 billion in 2023 to $1.55 billion in 2024 at a compound annual growth rate (CAGR) of 5.0%. The growth in the historic period can be attributed to increased convenience demand, growth in urbanization, increased stockpiling and demand for non-perishable food during COVID-19, increasing consumer awareness of the nutritional benefits of lamb, and rising economic levels in developing countries.
Strong Future Growth Anticipated
The canned lamb market is projected to continue its strong growth, reaching $1.89 billion in 2028 at a compound annual growth rate (CAGR) of 5.1%. The growth in the forecast period can be attributed to a growing focus on protein-rich diets, continued improvements in canning processes and preservation techniques, aggressive marketing and promotional strategies, the popularity of paleo and keto diets increasing demand, ongoing global concerns about food security favoring long-shelf-life products.
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Growth Driver Of The Canned Lamb Market
The rising consumption of meat is expected to propel the growth of the canned lamb market going forward. The increasing consumption of meat is linked to rising incomes, urbanization, and changing dietary preferences globally. Canned lamb is contributing to the rising consumption of meat by offering a convenient, long-lasting option for consumers, thereby increasing accessibility and availability.
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Major Players And Market Trends
Key players in the canned lamb market include Tyson Foods Inc., Hormel Foods Corp., Perdue Farms Inc., Alliance Group Limited, AFFCO Holdings Limited, Stahly Quality Foods Ltd.
Major companies operating in the canned lamb market are focused on developing innovative canned lamb products, such as organic canned lamb, to meet rising consumer demand for healthier and more sustainable food options. Organic canned lamb refers to lamb meat that is raised without synthetic pesticides, hormones, or antibiotics and is processed and preserved in a can while adhering to organic farming standards.
Segments:
1) By Type: Fresh, Frozen
2) By Application: Ready Meals, Restaurants, Catering, Emergency Food Supply
3) By Distribution Channel: Supermarkets And Hypermarkets, Convenience Stores, Independent Retailers, Online
4) By End-User: Human, Animal
Geographical Insights: North America Leading The Market
North America was the largest region in the canned lamb market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the canned lamb market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Canned Lamb Market Definition
Canned lamb is lamb meat that has been cooked, processed, and sealed in a can for preservation and a long shelf life. It is commonly used in various culinary applications, such as stews and soups, offering convenience and ease of storage. The canning process ensures the meat remains safe to eat and retains its flavor and nutrients over time.
Canned Lamb Global Market Report 2024 from The Business Research Company covers the following information:
.Market size data for the forecast period: Historical and Future
.Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
.Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Trends, opportunities, strategies and so much more.
The Canned Lamb Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on canned lamb market size , canned lamb market drivers and trends, canned lamb market major players, canned lamb competitors' revenues, canned lamb market positioning, and canned lamb market growth across geographies. The canned lamb market report helps you gain in-depth insights into opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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