Market Overview:
The global canned lucheon meat market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as rising demand for convenience foods, increasing urbanization and changing lifestyles, and growing awareness about the benefits of consuming canned lucheon meat products. The global canned lucheon meat market is segmented on the basis of type into pork, beef, and chicken. Among these segments, chicken is expected to witness the highest growth during the forecast period owing to its high nutritional value and health benefits. On the basis of application, supermarket/hypermarket accounted for majority share in 2017; however, convenience stores are projected to register highest CAGR during 2018-2030 owing to increase in number of working women population across globe coupled with busy lifestyle trends among consumers. Regionally North America dominates global canned lucheon meat market followed by Europe due To high consumption rate Of Lucheon Meat In These Regions And Presence Of Major Players Such As Hormel Foods Corporation And ConAgra Foods Incorporation In These Regions .
Product Definition:
Canned lucheon meat is a type of processed meat that has been cooked and then sealed in a can. This type of meat is often used as a convenience food, as it can be easily stored and doesn't need to be refrigerated. Canned lucheon meat is also relatively affordable, making it a popular choice for budget-conscious consumers.
Pork:
Pork is one of the most consumed meat forms in the world. It is a part of bovine family and originates from domestic cattle. The form consists of different cuts such as loin, leg, shoulder, and breast meat. Lucheon has been witnessing an increase in demand for pork meat owing to its nutritional value along with other benefits such as low fat content which makes it suitable for health conscious people along with being economical.
Beef:
Beef is the meat of bovine animals. It is categorized into three types, steer, heifer and bull. The most commonly used part of the beef for making meat products is called “bun” which consists of round and flat muscles attached to a bone with nerves and blood vessels running through it. The other two parts namely “round” and “flat” are used in various food preparations such as stews, soups etc.
Application Insights:
The global canned Lucheon meat market has been segmented on the basis of application into supermarket/hypermarket, specialty retailers and convenience stores. The supermarkets/hypermarkets held the largest share of over 60% in 2017. This large share is attributable to factors such as high purchasing power, wide product availability and greater brand awareness among consumers. Supermarkets generally have a wider range of products compared to their smaller counterparts such as hypermarkets or supermarkets located at shopping malls that offer a more diverse array of food items including canned Lucheon meat along with other grocery products for sale which increases the adoption rate among consumers who prefer buying their food from supermarkets due to its convenient location and accessibility.
Specialty retailers are projected to be one of the fastest-growing segments at an estimated CAGR 5.2% from 2018 to 2030 owing to increasing consumer preference for specialty foods that are produced according with regional requirements.
Regional Analysis:
North America dominated the global canned Lucheon meat market in 2017. The U.S., being a developed economy, has a high penetration of ready-to-eat food products, which includes canned Lucheon meat. Furthermore, growing health awareness among consumers is expected to increase the demand for such products over the forecast period.
Asia Pacific is expected to be one of the fastest growing regional markets due to increasing consumer disposable income levels and changing lifestyles in developing countries like China and India that have been fueling demand from urban areas as well as rural ones across this region.
Growth Factors:
- Increasing demand for convenience foods: The canned lucheon meat market is expected to benefit from the increasing demand for convenience foods, as consumers shift towards products that are easy to prepare and can be consumed on the go.
- Rising disposable income: A growing population with rising disposable incomes is also likely to spur growth in the canned lucheon meat market over the forecast period.
- Growing trend of home cooking: There is a growing trend of home cooking among consumers, which is expected to benefit the canned lucheon meat market over the forecast period. This can be attributed to changing lifestyles and rising health awareness among consumers.
- Increasing urbanization: The increasing urbanization of developing countries is also anticipated to drive growth in the canned lucheon meat market over the next few years owing to shifting consumer preferences towards processed and ready-to-eat food products.. 5) Technological advancements: Technological advancements in production processes are likely to result in cost efficiencies and improved quality of canned lucheon meats, thereby propelling its demand overthe forecast period
Scope Of The Report
Report Attributes
Report Details
Report Title
Canned Lucheon Meat Market Research Report
By Type
Pork, Beef, Chicken
By Application
Supermarket/Hypermarket, Specialist Retailers & Convenience Stores, Online Stores
By Companies
Hormel Foods, San Miguel Food and Beverage, Tulip, Ma Ling, Great Wall, Zwanenberg Food Group, Conagra Brands, Royal Taste, Hormel Foods
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
163
Number of Tables & Figures
115
Customization Available
Yes, the report can be customized as per your need.
Global Canned Lucheon Meat Market Report Segments:
The global Canned Lucheon Meat market is segmented on the basis of:
Types
Pork, Beef, Chicken
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Supermarket/Hypermarket, Specialist Retailers & Convenience Stores, Online Stores
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Hormel Foods
- San Miguel Food and Beverage
- Tulip
- Ma Ling
- Great Wall
- Zwanenberg Food Group
- Conagra Brands
- Royal Taste
- Hormel Foods
Highlights of The Canned Lucheon Meat Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Pork
- Beef
- Chicken
- By Application:
- Supermarket/Hypermarket
- Specialist Retailers & Convenience Stores
- Online Stores
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Canned Lucheon Meat Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Canned Lucheon meat is a type of canned meat that comes from the Luchenidae family. This type of meat is made from the intestines, liver, and other organs of various animals.
Some of the major players in the canned lucheon meat market are Hormel Foods, San Miguel Food and Beverage, Tulip, Ma Ling, Great Wall, Zwanenberg Food Group, Conagra Brands, Royal Taste, Hormel Foods.
The canned lucheon meat market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Canned Lucheon Meat Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Canned Lucheon Meat Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Canned Lucheon Meat Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Canned Lucheon Meat Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Canned Lucheon Meat Market Size & Forecast, 2018-2028
4.5.1 Canned Lucheon Meat Market Size and Y-o-Y Growth
4.5.2 Canned Lucheon Meat Market Absolute $ Opportunity
Chapter 5 Global Canned Lucheon Meat Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Canned Lucheon Meat Market Size Forecast by Type
5.2.1 Pork
5.2.2 Beef
5.2.3 Chicken
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Canned Lucheon Meat Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Canned Lucheon Meat Market Size Forecast by Applications
6.2.1 Supermarket/Hypermarket
6.2.2 Specialist Retailers & Convenience Stores
6.2.3 Online Stores
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Canned Lucheon Meat Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Canned Lucheon Meat Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Canned Lucheon Meat Analysis and Forecast
9.1 Introduction
9.2 North America Canned Lucheon Meat Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Canned Lucheon Meat Market Size Forecast by Type
9.6.1 Pork
9.6.2 Beef
9.6.3 Chicken
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Canned Lucheon Meat Market Size Forecast by Applications
9.10.1 Supermarket/Hypermarket
9.10.2 Specialist Retailers & Convenience Stores
9.10.3 Online Stores
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Canned Lucheon Meat Analysis and Forecast
10.1 Introduction
10.2 Europe Canned Lucheon Meat Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Canned Lucheon Meat Market Size Forecast by Type
10.6.1 Pork
10.6.2 Beef
10.6.3 Chicken
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Canned Lucheon Meat Market Size Forecast by Applications
10.10.1 Supermarket/Hypermarket
10.10.2 Specialist Retailers & Convenience Stores
10.10.3 Online Stores
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Canned Lucheon Meat Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Canned Lucheon Meat Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Canned Lucheon Meat Market Size Forecast by Type
11.6.1 Pork
11.6.2 Beef
11.6.3 Chicken
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Canned Lucheon Meat Market Size Forecast by Applications
11.10.1 Supermarket/Hypermarket
11.10.2 Specialist Retailers & Convenience Stores
11.10.3 Online Stores
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Canned Lucheon Meat Analysis and Forecast
12.1 Introduction
12.2 Latin America Canned Lucheon Meat Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Canned Lucheon Meat Market Size Forecast by Type
12.6.1 Pork
12.6.2 Beef
12.6.3 Chicken
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Canned Lucheon Meat Market Size Forecast by Applications
12.10.1 Supermarket/Hypermarket
12.10.2 Specialist Retailers & Convenience Stores
12.10.3 Online Stores
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Canned Lucheon Meat Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Canned Lucheon Meat Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Canned Lucheon Meat Market Size Forecast by Type
13.6.1 Pork
13.6.2 Beef
13.6.3 Chicken
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Canned Lucheon Meat Market Size Forecast by Applications
13.10.1 Supermarket/Hypermarket
13.10.2 Specialist Retailers & Convenience Stores
13.10.3 Online Stores
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Canned Lucheon Meat Market: Competitive Dashboard
14.2 Global Canned Lucheon Meat Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Hormel Foods
14.3.2 San Miguel Food and Beverage
14.3.3 Tulip
14.3.4 Ma Ling
14.3.5 Great Wall
14.3.6 Zwanenberg Food Group
14.3.7 Conagra Brands
14.3.8 Royal Taste
14.3.9 Hormel Foods
