# data[].attributes.body
GDP

In your report, would be good to continue this style of covering the general economic outlook first before zooming into the canned food industry.

What caused the downturn in the economy? Find out more. How did this impact the specific industry team is looking at (if possible). Is this industry exporting their goods to other countries? What’s the impact due to government policies?

Unemployment

Cover the unemployment situation in US as a whole before going into the canned food industry. Team would need to bring in support about tech replacing workers. What type of unemployment is this?

Inflation

Similar to unemployment comment, what’s the general price level situation in USA.

Cost-push or demand-pull or both? Going up or down?

# data[].attributes.attachment_link.readable_text
People have been finding ways to preserve food for centuries. The method of storing it in a can dates back to France in the early 19th century. The military was going hungry, and the government offered an award for anyone who came up with a sustainable way to preserve food.
A young chef started using champagne bottles sealed with cheese and lime. He later experimented with tin cans, and the rest is history.

Fast-forward to the 21st century: canned food is so popular that most Americans use it even when they cook meals at home. As much as 98% of Americans keep canned foods in their kitchens - an average of 24 cans - and 86% of parents say they don't go a week without using food from a can.

To determine the top-selling canned foods in the United States, 24/7 Tempo reviewed the Canned Food Alliance's report on canned food sales for 2018. Sales are based on Universal Product Code (UPC) purchases in the country. The price per pack comes from major online stores that sell groceries, such as Walmart, Amazon, Target, and Jet.com.

The biggest category of food that is preserved in a can is soup. The 11 most popular canned soups alone sold more than 420 million cans in 2018. The second biggest food category is tuna with almost 286 million units sold among the nine most common brands, followed by complete meals, such as spaghetti and meatballs, with more than 253 million sold among the five most common types. Vegetables are also popular canned foods, with corn being the winner. About 63% of Americans have canned corn at home. Green beans and tomatoes are second and third.

Food is the third-largest living expense and canned foods are often more affordable than fresh or frozen - costing about half the price of frozen foods and a fifth of frozen fresh. This may be helpful to keep in mind as We often end up paying more for food than we should - here are 20 signs that you spend way too much money on food shopping.
Click here to see the 25 best-selling canned foods in America.

# data[].attributes.attachment_link.description
People have been finding ways to preserve food for centuries. The method of storing it in a can dates back to France in the early 19th century. The military was going hungry, and the government offered an award for anyone who came up with a sustainable way to preserve food.

# data[].attributes.headline
STAGE 2: MACRO-ANALYSIS OF UNITED STATES OF AMERICA CANNED FOOD INDUSTRY

# data[].attributes.subject
STAGE 2: MACRO-ANALYSIS OF UNITED STATES OF AMERICA CANNED FOOD INDUSTRY

# data[].attributes.body
-as seen in source 3,
Fall in GDP: US GDP slumped 4.8% in the first quarter, ending the longest economic expansion on record
- US gross domestic product fell at 4,8% annualized rate in the first quarter, economists had expected a 3.8% drop
- GDP is expected to fall t#at an even sharper annualized rate in the second quarter.
- economists expect double-digit slumps including the Bank of America's 30% estimate and JPMorgan's 40% forecast.

note : this is just a prediction, as seen in source 5,
The U.S. canned food market reached a value of about 16.6 billion U.S. dollars in 2017, and is forecasted to reach about 22.4 billion U.S. dollars by 2025. this shows an increase in USAs gross domestic product. this comparison is however, only based on figures from 2017, to make an estimated prediction. canned food has been and is possibly going to be around for a very long time because it is an essential. thus, it is expected that the gross domestic product would skyrocket.

UNEMPLOYMENT:
note : this is just a prediction, as seen in source 5,
As the number of canned goods are predicted to increase, employment is expected to decrease. less workers would be needed due to canned goods being produced at a higher output rate. this leads to more employees being replaced with faster, potentially cheaper, and more durable production.

INFLATION:
as seen in source 2
- Delmonte Foods Inc. CEO Greg Longstreet said that canned costs has went up by 25% overnight due to tariffs driving up prices on his company’s canned fruits and vegetables.

- In addition to paying more metal, mandarin oranges’ cost has also climbed because of the tariffs. This force companies to increase the price of canned food. As seen in the article, Del Monte Foods has no choice but to pass a 10% hike to customers.
- Economists currently project gains in inflation of between 0.1 to 0.3 percentage point amid the Chinese tariffs and counter-levies by 2020

Since there is a sustained and continuous increase in the general (average) level of prices of canned foods in the U.S. economy, there is an inflation of canned food prices.

ECONOMIC BENEFITS:
Canned food industry provide job opportunities in the United States and generate sizeable tax revenues for the State and federal government
as seen in source 1,
- canned food industry creates a total of 579,607 jobs in the states
- in 2011 it was responsible for as much as $137.13 billion in total economic activity in the country
- it also generates sizeable tax revenues of $11.57 billion

# data[].attributes.body
Talks about market share insight, country insight, industry insight.

# data[].attributes.attachment_link.keywords[]
u.s. canned foods market - u.s. canned foods industry size

# data[].attributes.attachment_link.title
U.S. Canned Foods Market Size, Analysis | Industry Report, 2018-2025

# data[].attributes.attachment_link.description
The U.S. canned foods market size was estimated at USD 16.35 billion in 2017. Improvement in distribution infrastructure and the resultant increasing popularity of ready-to-eat food products, coupled with the affordability of canned foods and changing lifestyles is expected to propel the industry growth over the forecast period

# data[].attributes.body
USA GDP falls in the first quarter due to Covid-19

# data[].attributes.attachment_link.readable_text
US gross domestic product fell at a 4.8% annualized rate in the first quarter, according to Commerce Department figures released Wednesday.

The report marks the official end to the US's longest economic expansion, which started following the Great Recession.

Now, economists are watching to see how bad second-quarter GDP will slump during the coronavirus pandemic.

Visit Business Insider's homepage for more stories.

The longest US economic expansion is officially over.

US gross domestic product fell at a 4.8% annualized rate in the first quarter, according to Commerce Department figures released Wednesday. Economists had expected a 3.8% drop, according to Bloomberg data.

The slump from January through March reflects the sharp economic impact of countrywide shutdowns meant to curb the spread of COVID-19. In March, most of the US went into lockdown mode - states ordered businesses deemed nonessential to close, sent workers home, and told residents to avoid even small gatherings.

"Today's first quarter numbers are just the deeply unappetizing appetizer," wrote Ian Shepherdson, the chief economist of Pantheon Macroeconomics, in a Wednesday note.

Before the contraction, US GDP had grown nearly unimpeded since the Great Recession of 2007-2009. During the record expansion, the unemployment rate fell to a 50-year low of 3.5%, and the US economy added jobs for 113 months in a row.
Read more: The manager of the best small-cap fund of the past 20 years explains why he's betting big on a consumer recovery - and shares his top 4 stock picks in the struggling sector
Now, economists believe the US economy is in recession, with a slew of economic indicators point to extreme fallout.

In just five weeks, more than 26 million Americans filed for unemployment claims, effectively erasing more than a decade of job creation. In addition, industrial production has fallen, retail sales have declined at a record pace, and housing sales have slumped.

While some economists mark the beginning of a recession as two consecutive quarters of GDP contraction, official arbiters have a more comprehensive approach. The National Bureau of Economic Research says a recession is "a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales."

Any official call will take some time, as the bureau's Business Cycle Dating Committee will weigh whether a recession began in March, when much of the US was shut down amid the coronavirus pandemic, or whether the economy started trailing off at the end of February.

Going forward, economists will be watching to see how bad the situation becomes and what shape a recovery might take. The worst may be yet to come - the first-quarter GDP figure could be revised even lower as more data is collected.

In addition, GDP is expected to fall at an even sharper annualized rate in the second quarter. Economists expect double-digit slumps, including Bank of America's 30% estimate and JPMorgan's 40% forecast.

# data[].attributes.attachment_link.title
US GDP slumped 4.8% in the first quarter, ending the longest economic expansion on record

# data[].attributes.attachment_link.description
US gross domestic product fell at a 4.8% annualized rate in the first quarter, according to Commerce Department figures released Wednesday. The report marks the official end to the US's longest economic expansion, which started following the Great Recession. Now, economists are watching to see how bad second-quarter GDP will slump during the coronavirus pandemic.

# data[].attributes.body
Talks about inflation of canned food prices in the US

# data[].attributes.attachment_link.readable_text
Delmonte Foods Inc. CEO Greg Longstreet says that the U.S. is in an "inflationary environment" right now with tariffs driving up prices on his company's canned fruits and vegetables.

"Tariffs impacted us immediately," he said in an interview in New York. "Canned costs went up 25% overnight," he said.

Longstreet said transportation costs, which he described as "out of control," and a tight labor market are also causing prices to rise.

In addition to paying more for metal, mandarin oranges' cost has also climbed because of the tariffs. He said the company looked for ways to offset the increase, but ultimately had to pass a 10% hike on to customers.

The company is now turning to more non-canned products, which Longstreet estimates will eventually produce 40% of the company's revenue. Del Monte recently unveiled seven new uncanned product lines.

Widespread increases in prices could push up inflation, something that's consistently been weaker than the Federal Reserve's 2% target. Economists currently project gains in inflation of between 0.1 to 0.3 percentage point amid the Chinese tariffs and counter-levies by 2020. Prices for food consumed at home have risen since October after several years of relative stability.

At the same time, Fed policymakers have continued highlighting patience when digesting data. But Longstreet suggested shoppers are now starting to feel the pinch. "Consumers are going to pay a little bit more for household goods," he said.

# data[].attributes.attachment_link.title
Prices of Canned Fruits, Vegetables Going Up

# data[].attributes.attachment_link.description
Delmonte Foods Inc. CEO Greg Longstreet says that the U.S. is in an "inflationary environment" right now with tariffs driving up prices on his company's canned fruits and vegetables. "Tariffs impacted us immediately," he said in an interview in New York. "Canned costs went up 25% overnight," he said.

# data[].attributes.body
Talks about economic impact of canned food industry in the states

# data[].attributes.body
predictions made based on the past statistics.

# data[].attributes.attachment_link.readable_text
Learn more about how Statista can support your business.

Statista. (January 15, 2019). Estimated canned food market value in the United States from 2014 to 2025 (in billion U.S. dollars) [Graph]. In Statista. Retrieved July 07, 2020, from https://www.statista.com/statistics/1009399/us-canned-food-market-value/

Statista. "Estimated canned food market value in the United States from 2014 to 2025 (in billion U.S. dollars)." Chart. January 15, 2019. Statista. Accessed July 07, 2020. https://www.statista.com/statistics/1009399/us-canned-food-market-value/

Statista. (2019). Estimated canned food market value in the United States from 2014 to 2025 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: July 07, 2020. https://www.statista.com/statistics/1009399/us-canned-food-market-value/

Statista. "Estimated Canned Food Market Value in The United States from 2014 to 2025 (in Billion U.S. Dollars)." Statista, Statista Inc., 15 Jan 2019, https://www.statista.com/statistics/1009399/us-canned-food-market-value/

Statista, Estimated canned food market value in the United States from 2014 to 2025 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1009399/us-canned-food-market-value/ (last visited July 07, 2020)

# data[].attributes.attachment_link.title
U.S. canned food market value 2014-2025 | Statista

# data[].attributes.attachment_link.description
Learn more about how Statista can support your business. Statista. (January 15, 2019). Estimated canned food market value in the United States from 2014 to 2025 (in billion U.S. dollars) [Graph]. In Statista. Retrieved July 07, 2020, from https://www.statista.com/statistics/1009399/us-canned-food-market-value/ Statista. "Estimated canned food market value in the United States from 2014 to 2025 (in billion U.S.

# data[].attributes.body
healthier canned food

# data[].attributes.attachment_link.readable_text
Global " Canned Food Market " report 2020 provides an in-depth analysis of the key player's strategies, market trend, product demand, growth factors, regional outlook, global dynamics which includes drivers, challenges, and opportunities dominant in the industry. The Canned Food market report aims to provide in-depth information about the Canned Food industry with market overview, key trends, business plans, and future prospects of the industry.

The Canned Food market report involves the current market status with some changing trends that can affect the market growth rate. The Canned Food market report covers the major growth prospect over the coming years. It also comprehends market new product analysis, financial overview, strategies and marketing trends. The Canned Food market report also offers an overview of revenue, sales, product demand, and supply of data, cost, and growth analysis during the forecast year.
Get a Sample Copy of the Report at -Canned Food Market Analysis: https://www.industryresearch.co/enquiry/request-sample/15043034 List of Top Key Players of Canned Food Market:
Canning is a method used to preserve foods for long periods of time by packing them in airtight containers. This allows food to be shelf-stable and safe to eat for 1 to 5 years or longer. Canning was first developed in the late 18th century as a way to provide a stable food source for soldiers and sailors at war. Common canned foods include fruits, vegetables, beans, soups, meats and seafood.
In this report, we mainly count Canned Cooking Sauces, Canned Desserts, Canned Fish/Seafood, Canned Fruits, Canned Meat, Canned Pasta and Noodles, Canned Soups and Canned Vegetables.
Canned Food have wide range of marketing channels, such as Supermarkets/Hypermarkets, Independent Retailers, Convenience Stores, Online Sales, etc. And Supermarkets/Hypermarkets was the most widely used area which takes up about 35.82% of the global total in 2016.

The global Canned Food market is valued at 23160 million US$ in 2020 is expected to reach 30370 million US$ by the end of 2026, growing at a CAGR of 3.9%
Canned Food Market Production by Regions:
Global Canned Food market 2020 research provides a basic overview of the industry including definitions, classifications, applications, and industry chain structure. The Global Canned Food market analysis is provided for the international markets including development trends, competitive landscape analysis, and key regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed. This report also states import/export consumption, supply and demand Figures, cost, price, revenue, and gross margins.
Inquire or Share Your Questions If Any Before the Purchasing This Report -By Types, the Canned Food Market can be Splits into:

Canned Cooking Sauces

Canned Desserts

Canned Fish/Seafood

Canned Fruits

Canned Meat

Canned Pasta and Noodles

Canned Soups

Canned Vegetables

By Applications, the Canned Food Market can be Splits into:

Supermarkets/Hypermarkets

Independent Retailers

Convenience Stores

Online Sales

Others

Case Study of Global Canned Food Market Report is as follows:

Breakdown and planning of Canned Food Market based on status, value and market size

To present the top Canned Food players, their company profiles, product portfolio, market share, and revenue analysis

Top regions of Canned Food, SWOT analysis, opportunities and threats to the market development are explained

To examine the different application, product types, market value, and producing capacity

Flashlight the business potential, import-export status, production, and expenditure analysis

The mergers and properties, probability analysis, and analyst views and opinions are given

Market value, consumption forecast and volume forecast from 2020-2026

Canned Food industry chain structure, manufacturing base, raw material cost, and marketing channel analysis is covered

Presents strategic recommendations to the new Canned Food participants

Company profiles, strategies, mergers and acquisitions, financial status, and feasibility analysis are described

In this study, the years considered to estimate the market size of Canned Food are as follows:

History Year: 2015-2019

Base Year: 2019

Estimated Year: 2020

Forecast Year 2020 to 2026

Purchase this Report (Price 2900 USD for a Single-User License) -Canned Food Market TOC Covers the Following Points: 1 Study Coverage https://www.industryresearch.co/purchase/15043034 https://www.industryresearch.co/enquiry/pre-order-enquiry/15043034
Canned Food Market report consumption with respect to other regions like Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Malaysia, Philippines, Thailand, Vietnam, Europe, Germany, France, UK, Italy, Russia.

1.1 Canned Food Product

1.2 Key Market Segments in This Study
2 Executive Summary
1.3 Key Manufacturers Covered

1.4 Market by Type

1.5 Market by Application

2.1 Global Canned Food Market Size
3 Market Size by Manufacturers
2.2 Canned Food Growth Rate (CAGR) 2020-2026

2.3 Analysis of Competitive Landscape

2.4 Key Trends for Canned Food Markets and Products

3.1 Canned Food Production by Manufacturers
4 Canned Food Production by Regions
3.2 Canned Food Revenue by Manufacturers

3.3 Canned Food Price by Manufacturers

3.4 Mergers and Acquisitions, Expansion Plans

4.1 NorthAmerica

4.2 Asia-Pacific
5 Canned Food Consumption by Regions
4.3 Europe
6 Market Size by Type
4.4 SouthAmerica

4.5 MiddleEastandAfrica

5.1 Global Canned Food Consumption by Regions
7 Market Size by Application
6.1 Global Canned Food Production by Type

6.2 Global Canned Food Revenue by Type

6.3 Canned Food Price by Type

7.1 Overview

7.2 Global Canned Food Breakdown Data by Application

8 Manufacturers Profiles with Company Detail, Production Revenue and Gross Margin (2015-2019)

9 Production Forecasts

9.1 Canned Food Production and Revenue Forecast

9.2 Canned Food Production and Revenue Forecast by Regions

9.3 Canned Food Key Producers Forecast

9.4 Forecast by Type

10 Consumption Forecast
For Detailed TOC -Contact Us: https://www.industryresearch.co/TOC/15043034#TOC
11 Value Chain and Sales Channels Analysis

12 Market Opportunities and Challenges, Risks and Influences Factors Analysis

13 Key Findings in the Global Canned Food Study

Name: Ajay More

Phone: US +14242530807/ UK +44 20 3239 8187

Email: sales@industryresearch.co

Our Other Reports:

- Salmon Calcitonin Market 2020 - Global Top Leading Player with Industry Trends, Future Demand Status, Competition Strategies, Industry Share, Size, Analysis by and Forecast till 2025
Information contained on this page is provided by an independent third-party content provider. Frankly and this Site make no warranties or representations in connection therewith. If you are affiliated with this page and would like it removed please contact pressreleases@franklymedia.com
- 3D Time-of-flight Image Sensors Market 2020 Research Report by Industry Types, Applications, Global Market Size, Share, Revenue and Growth Forecast to 2025 by Absolute Reports

- Semiconductor Processing Equipment Market Share, Size 2020 Global Industry Movements by Growth Status, Trend Analysis, Revenue, Regional Production Forecast to 2025 Industry Research.co

Press Release Distributed by The Express Wire

To view the original version on The Express Wire visit Canned Food Market Driving Factors 2020 | Global Industry Revenue by Growth Rate, Business Size, Share, and Demand Forecast to 2026 Available at Industry Research.co

# data[].attributes.attachment_link.title
Canned Food Market Driving Factors 2020 | Global Industry Revenue by Growth Rate, Business Size, Share, and Demand Forecast to 2026 - Available at Industry Research.co

# data[].attributes.attachment_link.description
Global " Canned Food Market " report 2020 provides an in-depth analysis of the key player's strategies, market trend, product demand, growth factors, regional outlook, global dynamics which includes drivers, challenges, and opportunities dominant in the industry.

# data[].attributes.attachment_link.readable_text
DUBLIN--()--The "Canned Food Market - Growth, Trends and Forecasts (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.

The global canned food market is growing at a CAGR of 3.86% during the forecast period (2020 - 2025).

The market is mainly driven by the rising urban population that prefers easy and convenient food, and demand for healthy food rich in protein, functional fibers, vitamins, and omega-3 fatty acids. Consumers who are willing to spend a little more for the products offering such properties coupled with the demand for small, easy, ready-to-cook meat and seafood and organic canned fruits and vegetables are thus, fueling the market sales. Furthermore, the rising awareness of the ills of plastic packaging and the demand for a sustainable solution and increasing recycling rates globally have been further driving the market.

However, few of the factors restraining the market include the dependence of the market on raw materials for packaging purposes or region-specific bans or limitations. For instance, the shortage and higher raw material prices in Indonesia and Thailand in 2017 resulted in lower export in the North American, European, and Asian markets, which affected the market heavily. Also, rising awareness among consumers about the benefits of fresh food has led to an increased demand for substitute packaging or techniques. For instance, the import demand for the higher value tuna in pouch increased by 19% during 2017 in the United States, according to FAO.

Key Market Trends

Increasing Demand for Canned Fish and Seafoods

The demand for canned fish and seafood has witnessed a steady growth owing to the consumer awareness regarding the nutritional benefits of fish and seafood coupled with the convenience in consumption it provides and the long shelf life it possesses. According to the Food and Agriculture Organization of the United Nations, as of 2017, Asia-Pacific is the largest exporter as well as the largest importer of seafood in the world. Although the consumption of canned seafood is considerably low in the region, as most of the regional population in Asia-Pacific prefers to eat fresh seafood, when compared to frozen seafood, the demand for canned seafood mostly originated for seafood that is not available locally. For example, pasteurized crab meat is one of the prominent canned seafood products sold in Asia-Pacific countries after canned fish, like tuna.

Asia Pacific is The Fastest-Growing Region in The Global Market

Asia-Pacific region is the fastest-growing region in the global market of canned foods, especially canned meat, fish/seafood, and fruits. Countries, such as Japan, Korea, and China import canned crab meat in high quantities. According to the recent estimates of FAO, China and Korea were the largest importers of crab meat, after the United States, in 2017. In fact, Japan alone imported 40% more crab from Newfoundland, Canada (one of the largest producers and exporters of crab meat in the world) in 2017. Further, in countries, like India, the food manufacturers tend to produce the most popular local foods, such as dal, poha, upma, etc., in ready-to-eat cans. As of 2017, a wide number of local vegetarian food products, such as sterilized pav bhaji, curried parata, and dal are now being made available in ready-to-eat cans, which are certified by many local and international food security boards, such as FSSAI, BRC, and APEDA. Also, the food presence of major supermarkets, such as 7-Eleven, E-mart, Big C, etc. and the increasing internet penetration, online market for the purchase of canned food products are therefore surging the market growth.

Key Topics Covered:

1 INTRODUCTION

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Market Drivers

4.2 Market Restraints

4.3 Porter's Five Forces 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 Type

5.1.1 Canned Meat Products

5.1.2 Canned Fish/Seafood

5.1.3 Canned Vegetables

5.1.4 Canned Fruits

5.1.5 Others

5.2 By Distribution Channel

5.2.1 Supermarket/Hypermarket

5.2.2 Convenience Stores

5.2.3 Online retail channels

5.2.4 Others

5.3 Geography

5.3.1 North America

5.3.2 Europe

5.3.3 Asia Pacific

5.3.4 South America

5.3.5 Middle East and Africa

6 COMPETITIVE LANDSCAPE

6.1 Most Active Companies

6.2 Most Adopted Strategies

6.3 Market Share Analysis

6.4 Company Profiles

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

Companies Mentioned

H.J. Heinz Company Brands LLC.

Bolton Group

Campbell Soup Company

Conagra Brands

Nestle

Bonduelle SA

JBS S.A. (SAMPCO)

For more information about this report visit https://www.researchandmarkets.com/r/f37pw6

# data[].attributes.attachment_link.title
Global Canned Food Market (2020 to 2025) - Growth, Trends and Forecasts - ResearchAndMarkets.com

# data[].attributes.attachment_link.description
DUBLIN--()--The "Canned Food Market - Growth, Trends and Forecasts (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering. The global canned food market is growing at a CAGR of 3.86% during the forecast period (2020 - 2025).

# data[].attributes.attachment_link.readable_text
As the coronavirus tightens its grip, jittery shoppers the world over have ransacked supermarkets for long-lasting shelf-stable foods in preparation to go into hermit mode. But pandemic pantries in Chinese households have largely missed one type of non-perishables that people elsewhere have been filling their carts with - canned goods.

The past months have been anything but ordinary. A killer virus is running loose around the globe - and life as we know it has come to a screeching halt.

Over two-fifths of the Earth's population is now housebound amid broadening shelter-in-place orders, painful city lockdowns and calls for social distancing to break the chain of coronavirus transmission.

Perhaps nowhere else is the uncertainty besetting the world amid the COVID-19 outbreak more palpable than in the aisles of grocery stores. Images of winding queues, empty shelves, and fistfights have captured the sweeping sense of unease about what the future holds.

Restrictions on movement and closed borders have fanned fears that transport bottlenecks might choke food supplies and obstruct delivery trucks from reaching shops in time to replenish fast-disappearing stocks. Panic buying set in and a global shopping frenzy ensued as people readied to hunker down, not knowing when their next grocery run could be.

Can-do attitude

In a sign of the anxious times, canned food - a wartime favorite that harks back to military rations - is making a comeback. Long spurned, scoffed at and sacrificed at the altar of wholesomeness, the humble can has now come to the rescue of shut-ins.

Customers from Manila to Memphis have been stocking their cupboards with baked beans, whole peeled tomatoes, and their ilk to get them through the prospects of prolonged quarantine or self-isolation periods.

In the United States, sales of canned meat, chickpeas, and tuna were up by 31.8 percent, 25.6 percent, and 24.9 percent year on year during the last week of February, Nielsen data showed. Over the same period, sales of tinned vegetables in Germany soared by 80 percent and that of canned fruits by 70 percent, according to market intelligence firm Gfk. Increased demand for preserved products was also reported in Ireland and South Africa.

UK retailers have capped the number of cans a customer can nab, with similar limits in place in Singapore and The Philippines. Meanwhile, down under in Australia, one cannery is keeping its production line running nonstop, 24/7 and bringing in more hands to keep up with overwhelming demand.

But long are the days of eating beans straight out of the can. The internet is lifting the lid on a wondrous world of exciting canned concoctions with YouTubers whipping up hearty meals using pantry essentials and foodies reviewing items of different brands to see how they stack up against each other.

The world might be making amends, by force or by choice, with a food category that has long been cast to the back reaches of the cupboard and reserved for dinners on a dime, but China seems to be bucking the trend.
No appetite for cans
It's not that Chinese shoppers didn't tweak their grocery lists in light of current events, but they did so differently than their counterparts overseas.

"While most Westerners started hoarding food that will keep for a while, Chinese started buying fresh food to boost their immune system with healthy fresh produce," said Peter Peverelli, founder of Amsterdam-based Eurasia Consult which specializes in China's food and beverage market.

A survey by U.S. consulting firm Oliver Wyman on grocery shopping preferences in China in February, the thick of the outbreak, shows that 80 percent of respondents had changed their diets.

"We saw Chinese consumers stock up rice and instant foods (e.g. instant noodles), consume more fresh vegetables and fruits as a part of 'eating more healthily,' and switch to dairy and frozen products from fresh meats and fresh seafood," Kenneth Chow, engagement manager at Oliver Wyman and lead of the study, told CGTN Digital.

Forty percent of those surveyed upped their purchases of fresh vegetables, while 37 percent increased their consumption of fresh fruits. Forty-three percent also said they were relying more on frozen and chilled products as substitutes for fresh meat and seafood.

"Canned vegetables and canned meats [were] not on top of consumers' minds as alternatives," Chow added. "Our survey shows that 23 percent of respondents reported an increase in canned food purchase volume, while 22 percent of respondents reported a decrease."

Meanwhile, people were snapping up other pantry staples, like rice and pasta, according to the survey. Even sales of instant noodles, a longtime national favorite that in recent years has fallen out of favor with hungry consumers, steamed up during the outbreak.

Metro supermarket saw 100-percent increase in meat sales in February from the same period in 2019, and 50 percent increase in both flour and vegetable sales, according to Zhou Haibing, general manager of corporate affairs and public relations department at the retail conglomerate.

"Sales of canned foods also witnessed a two-digit growth year on year," he told CGTN Digital. He would not put a number on the sales growth of tinned foods but said it's somewhere between 10 and 50 percent.
Shopping light and online
So why were shoppers skipping survival foods? Analysts say for Chinese shoppers, old habits die hard. They generally favor frequent trips to the market, and not even tumultuous times could change that.

"While Western consumers purchase in bulk for multiple days, Chinese consumers shop more frequently with smaller baskets to ensure freshness, even during this difficult time, and hence relying less on canned food," Chow from Oliver Wyman said.

Concerns about possible disruptions to the supply chain rippled across China in late January, especially after parts of Hubei, the most affected province in the country, were cordoned off to stem the spread of the virus. However, authorities introduced measures to guarantee food shipments, including facilitating the movement of trucks on highways despite travel restrictions.

A robust e-commerce ecosystem also helped maintain a semblance of normalcy. Click-and-mortar chains like Hema and e-grocery platforms continued their operations, allowing users to shop and have their orders delivered to them without setting foot outside their residential compound.

"Daily fresh food delivery is a lifestyle for Chinese consumers. The food delivery system is well developed and supported by several [mobile] applications," said Sofya Bakhta, a marketing strategy analyst at Shanghai-based Daxue Consulting.

"While people have increased their food purchases, they still did it with relatively reasonable proportions and didn't focus on 'survival-military style' products, like canned food," she told CGTN Digital.
Misunderstood food
The COVID-19 outbreak has proven what everyone long suspected - that Chinese people are not fans of food in cans.

According to Daxue Consulting's data, in 2016, per capita consumption of canned products stood at six kilograms in China - just a fraction of the roughly 57 kilograms an EU resident went through over the same year and the whopping 92 kilograms an average American tucked into.

But it hasn't always been like this. There used to be a time when preserved products were the centerpiece of Chinese dinner tables, elevated to a status symbol.

"Canned food used to be regarded as a luxury in the 1950s and through the 1960s and probably even longer. Much of the Chinese canned food output was exported to earn hard currency and a considerable part of the canned food available on the domestic market was 'export sold domestically,'" said Peverelli.

"Eating canned food was like eating Chinese food that was meant for foreigners."

Their moment in the sun was later eclipsed by changing tastes, perception problems and a string of food safety blips. The once prized possessions have earned a reputation for being cheap, unhealthy and processed eats that have no place in the healthy and nutrition-packed diet that many around the country sought.

Daxue Consulting's Bakhta also believed that the availability and affordability of ready meals and takeaways delivered to the door have dented sales of canned food.

In an age when customer is king, Chinese canneries are not doing enough to whet shoppers' appetite and clean up the industry's image. Brand recognition remains low and innovation in packaging and flavor has been stagnant for years.

"As far as I can remember Chinese green beans have been available in Dutch supermarkets for a few decades in exactly the same cans," Peverelli said, advising manufacturers to engage in storytelling to pique interest.

"Don't sell 'canned mushrooms,' but offer 'canned mushrooms from Zhangzhou,'" he said, referring to the city famed for farming fungus in China's southeast.

With the world going into uncharted territory courtesy of the coronavirus outbreak, perhaps the time is ripe for canneries in China to stop kicking the can down the road and clean the rust off their relationship with shoppers.
(Additional research and reporting by CGTN's Deng Junfang)

# data[].attributes.attachment_link.title
Emergencies pair well with canned foods - just not in China

# data[].attributes.attachment_link.description
As the coronavirus tightens its grip, jittery shoppers the world over have ransacked supermarkets for long-lasting shelf-stable foods in preparation to go into hermit mode. But pandemic pantries in Chinese households have largely missed one type of non-perishables that people elsewhere have been filling their carts with - canned goods.

# data[].attributes.headline
STAGE 1: ADDITIONAL INFO price gouging of goods due to Covid-19

# data[].attributes.subject
STAGE 1: ADDITIONAL INFO price gouging of goods due to Covid-19

# data[].attributes.body
how CAMPBELL USA adapt to preferances for healthier food options :https://www.fooddive.com/news/we-must-be-bold-how-campbell-soup-is-adapting-to-foods-rapidly-changing/447657/

competitiveness of the canned food industry, benefits to stakeholders: https://www.globenewswire.com/news-release/2020/03/06/1996710/0/en/The-global-canned-food-market-was-valued-at-91-4-billion-in-2018-and-is-anticipated-to-reach-124-8-billion-by-2026.html

economic impact of canned food, how the canned food industry impacts the USA: https://www.mealtime.org/-/media/files/fact-sheets/13_economic_impact_cfa.ashx

rise in demand for canned soups due to Covid-19: https://apfoodonline.com/apac-provides-opportunity-for-soup-manufacturers-amid-covid-19/

video source

# data[].attributes.attachment_link.title
Shoppers stockpile supplies as sellers price gouge amid coronavirus outbreak

# data[].attributes.attachment_link.description
Shoppers around the country are stockpiling goods, fearing a U.S. coronavirus outbreak, and some third-party retailers are trying to take advantage.

# data[].attributes.body
market structure identified: perfect competition/ oligopolies

1.price elasticity demand for canned products.
- demand for canned food is inelastic. Even with a change in price of canned food, it will lead to a small change in quantity demanded as canned food products have long shelf life which makes it a very important necessity during times like this. Although the current pandemic helps to further prove that canned goods are inelastic, it is important to note that food will always be a necessity. the biggest plus points of canned foods are that they are resourceful and that they are able to be preserved. hence, no matter the price increase or decrease of canned goods, consumer purchases will not be significantly affected.

Indeed, team might also want to explore (1) price elasticity when we compare specific brands of canned food to expand this portion in your report. It would be easier after you chose a country to work on.

:seen in source 2
-the global Canned Food market is valued at 23160 million US$ in 2020 is expected to reach 30370 million US$ by the end of 2026, growing at a CAGR of 3.9%
: as seen in source 5
page 6,
product : StarKist Chunk Light Tuna in Water, 5 oz.
> Units sold in 2018: 91.6 million
> Sales in 2018: $87.4 million
> Price per pack $0.86 per can
product : Campbell’s Condensed Cream of Mushroom Soup, 10.5 oz.
> Units sold in 2018: 78.8 million
> Sales in 2018: $82.4 million
> Price per pack $3.98 per pack of 4

these two canned goods are not of the same category but they are the two most sold canned goods in 2018 in the united states. The current price in Walmart for a 4 pack cream of mushroom is retailing at $5.87, yet it is sold out. this shows that the price of campbell cream of mushroom soup is inelastic. despite the price increase of $2 per pack or 47.5 % increase, consumers still purchase it.

This would fit nicely as part of the overview of the global trend in consumption of canned food.

2. Social interests affect the demand for canned goods.
- more demands for canned food due to Covid-19 due to its non-perishable nature.

: stats from source 4
- In the united states, sales of canned meat, chickpeas and tuna went up by 31.8%, 25.6% and 24.9% respectively
- Sales of tinned vegetables in Germany soared by 80% and canned fruits by 70%

as seen from source 1 :
- "The new purchase limits continue to be set slightly higher than what a typical shopper purchases and is sufficient to meet the daily grocery needs of an average family in Singapore".
- more and more people are going after canned goods, even though they are not as nutritious as fresh foods, but because they are more practical.

Q2. More specifically, what lead to the panic buying? There's one specific demand determinants accounting for such a behavior from consumers.
(Factor: expectations of buyers)
Due to the covid-19 outbreak, people expect cities to go into lockdown and that they will have to stay at home due to social distancing. This will cause the demand for canned food to increase as people will stock up and hoard these non-perishable food as they have a longer shelf life and don't require refrigeration to keep them from spoiling.

Q3. Who imposed the limits in purchase? What's the rationale for doing so? In a country with such intervention, what's the best economic system that could be used to describe the country? Answering these would link your microeconomic analysis to macroeconomic analysis.
In Singapore, Ntuc also known as Fairprice imposed purchase limits on household items including canned food. This is to ensure that everyone living in Singapore can get a chance to buy these items. The economy of Singapore is a highly developed capitalist mixed economy. A mixed economic system protects private property and allows a level of economic freedom in the use of capital, but also allows for governments to interfere in economic activities in order to achieve social aims. While government intervention is kept at a minimum, government entities such as the sovereign wealth fund Temasek control corporations responsible for 60% of GDP.

3. Increase in consumer demands for canned foods in Asia Pacific

: seen in source 3
-With reference to the recent estimates of FAO, China and Korea were the largest importers of crab meat, after the United States, in 2017. Japan alone imported 40% more crab from Newfoundland, Canada in 2017.

- India, as of 2017, holds wide number of local vegetarian canned food products, such as sterilised pav bhaji, curried parata, and dal

-food presence of major supermarkets, such as 7-Eleven, E-mart, Big C, etc. and the increasing internet penetration, online market for the purchase of canned food products, helped surged the market growth for canned products.

Q4. What facilitated the movement canned products (imports) between countries? With respect to your chosen country, find out the key countries in which the canned products were obtained/do they produce most domestically? Find out also the policies that help to facilitate this. Examine, in the light of the current covid-19 situation, how supply of such products could be affected.
International trade transactions are facilitated by international financial payments, in which the private banking system and the central banks of the trading nations play important roles.
Spain manufacturer of canned food have exported to United States about 21%. Spain is therefore the main supplier to the United States. Greece and India come second and third, with 11% and 9% of the American imports respectively.
A policy that helps to facilitate imports and exports are the trade policy which includes any policy that directly affects the flow of goods and services between countries, including import tariffs, import quotas, voluntary export restraints, export taxes, export subsidies, and so on. Another policy is the domestic policy. Domestic policy can be classified as any type of domestic tax or subsidy policy, or any type of government regulation that affects the behavior of firms or consumers.

Supplies of products used to make canned food are severely affected due to the Covid-19 pandemic. Due to the novel coronavirus, many people have fell sick which leads to a decrease in workers being available for work. Therefore, some factories have to be shut down as workers have gotten sick and some have died. For example, Tyson Foods, the United States’ largest meat processor have warned the people that there will be limited supply of their products available in grocery stores until they are able to reopen their facilities that are currently closed. With less workers processing meat, there would be lesser supply for canned food. More people have been staying home due to the pandemic, and cooking more while eating out less. Many people have been stacking up on groceries especially meat. This leads to people panic buying as they are worried that they do not have enough food and end up buying more groceries than they actually needed. This results in excess food bought by consumers which means there would be lesser supply of food used to make canned food.

4. Changes in taste and preferences for canned products

:seen in source 4
- more consumers prefer fresh food instead of canned food as it is a healthier choice and it can helps to boost their immune system during this pandemic

: seen in source1

- Approximately

eight  from  ten  Romanians  consume  homemade

canned  and  preserved  fruits  and vegetables.

:seen in source 4
-Change in perception of canned food which results in a decrease in demand for canned food.
-Chinese people do not like canned food. Preserved products used to be the centrepiece of Chinese dinner tables, elevated to status symbol. Now they feel that "eating canned food was like eating Chinese food that was meant for foreigners".

Q5. Do continue to find out further ways/strategies that the producers of such canned products adopt in response to the mentioned change in taste and preferences of their consumers. Again, this should be in the context of your chosen country.
: debuted its Well Yes! Brand of soup in 2016, which the company toits as offering “clean, simple and nutritious ingredients.” They burnished its credentials by reformulating its existing product line and spending hundreds of millions of dollars to acquire companies to help position it as a go-to marketplace for consumers interested in knowing more about their food and where it comes from (Bolthouse Farms, a maker of carrots, smoothies, juices and dressings was acquired for 1.55billion in 2012, Plum organics in 2013, a children’s food and snack company. Garden Fresh Gourmet was purchased for 231 million, bringing refrigerated salsa, hummus and dips into Campbell’s portfolio. Spent 700 million to purchase natural and organic brand Pacific Foods of Oregon)

# data[].attributes.body
Hello Team!
Thanks for sharing your padlet and for choosing such an interesting industry to focus on.

In addition to the overview view of the canned food industry/global canned food industry, team need to select a particular country as well (refer to project brief) as you progress from here. I noticed China, Singapore and the U.S. were three main countries mentioned in some of the key resources, team is free to select your preferred country.

As you are aware, Stage 1 analysis comprised of also identifying the market structure of the product/industry (see highlighted portions in pic attached). As you continue to do your research, you will be able to identify the market structure eventually.

As a guide, you might want to use the attached slide from “Non-competitive markets”

Please refer to my specific feedback for your prelim analysis under the respective points (highlighted). Please continue to work on your points further, either finding more evidence to support it or new points to be added into your report.

Just a heads up, in Stage 2, you will move on to look at how the canned food industry impacts the chosen country's economy and how the country help this industry to grow.