Export and Import Trends in the Ready to Eat Canned Meal Industry Global Trade and Regulations

The ready-to-eat canned meal industry is a growing sector within the global food market, with consumers increasingly seeking convenience and quick meal solutions. This report will delve into the export and import trends within this industry, as well as the regulations that govern international trade in ready-to-eat canned meals.

Global Market Overview

The global market for ready-to-eat canned meals has seen significant growth in recent years, driven by changing consumer lifestyles and preferences. According to data from Market Research Future, the global ready-to-eat food market is expected to reach a value of $195 billion by 2023, with a compound annual growth rate of 7.2% from 2017 to 2023.

Export Trends

The export of ready-to-eat canned meals has been on the rise, with countries like the United States, China, and Germany leading the way in terms of volume and value. According to the Food and Agriculture Organization (FAO), the global export value of prepared or preserved meat and meat products, which includes canned meals, was $15.8 billion in 2018.
The United States is a major player in the export market for ready-to-eat canned meals, with companies like Hormel Foods Corporation and Conagra Brands leading the way. In 2019, the U.S. exported over $1.2 billion worth of prepared or preserved meat and meat products, making it one of the largest exporters in this category.
China is also a significant exporter of ready-to-eat canned meals, with companies like Tingyi (Cayman Islands) Holding Corp and Uni-President Enterprises Corp dominating the market. In 2019, China exported over $1.5 billion worth of prepared or preserved meat and meat products.

Import Trends

On the import side, countries like Japan, Germany, and the United Kingdom are major players in the global market for ready-to-eat canned meals. Japan, in particular, is a significant importer of canned meals, with companies like Nissin Foods Holdings Co. and S&B Foods Inc. leading the way. In 2019, Japan imported over $1.3 billion worth of prepared or preserved meat and meat products.
Germany is also a key importer of ready-to-eat canned meals, with companies like Dr. Oetker and Nestle dominating the market. In 2019, Germany imported over $1.1 billion worth of prepared or preserved meat and meat products.

Regulations and Trade Barriers

International trade in ready-to-eat canned meals is governed by a variety of regulations and trade barriers, which can impact the flow of goods between countries. One of the key regulatory bodies overseeing this industry is the Codex Alimentarius Commission, which sets international food standards to ensure the safety and quality of food products.
Trade barriers such as tariffs, quotas, and non-tariff barriers can also impact the export and import of ready-to-eat canned meals. For example, the European Union imposes tariffs on certain canned meat products, which can make it more expensive for exporters to sell their products in EU markets.
In conclusion, the global market for ready-to-eat canned meals is a dynamic and growing sector within the food industry. Export and import trends are influenced by changing consumer preferences, regulatory requirements, and trade barriers. Companies operating in this industry must navigate these challenges to capitalize on the opportunities presented by international trade.