NAICS 311421 - Fruit and Vegetable Canning
This U.S. industry comprises establishments primarily engaged in manufacturing canned, pickled, and brined fruits and vegetables. Examples of products made in these establishments are canned juices; canned jams and jellies; canned tomato-based sauces, such as catsup, salsa, chili, spaghetti, barbeque, and tomato paste; pickles, relishes, and sauerkraut.
Industry trends:
The Fruit and Vegetable Canning industry (NAICS 311421) has experienced several qualitative trends that are shaping its future. One of the most notable trends is the increasing consumer demand for healthier and more sustainable food options. This has driven companies to innovate with organic and non-GMO product lines, as well as to adopt more eco-friendly packaging solutions such as recyclable cans and pouches.
Another significant trend is the growing emphasis on convenience. Busy lifestyles are causing consumers to seek out canned fruits and vegetables that are easy to prepare and incorporate into meals. As a result, there has been a rise in ready-to-eat and minimally processed canned products.
In response to the evolving palate of consumers, there has also been a trend towards more diverse and exotic flavors. Companies are introducing novel products that include unique fruit and vegetable varieties, as well as international recipes to cater to a culturally diverse market.
Looking ahead, the industry is expected to continue focusing on sustainability and health trends. Forecasts indicate that demand for organic and clean-label products will grow, and companies will increasingly invest in eco-friendly practices. Additionally, technological advancements in food preservation and packaging are likely to drive further innovation, making canned fruits and vegetables more attractive to modern consumers.
The integration of digital technologies for supply chain optimization and direct-to-consumer sales channels is also expected to rise, improving efficiency and customer engagement. Overall, the Fruit and Vegetable Canning industry is poised for dynamic growth driven by health consciousness, sustainability, and technological innovation.
This industry is comprised of:
This report includes the ability to segment your Industry by:
- Region
- Employees
- Net Sales
- Company Age
- Total Assets
- Ownership Type
With iCFO You Get
What Is iCFO?
A review and comparison of financial performance of privately-help companies in specified SIC/NAICS industry segment, using industry standard benchmarks.
Sound Business Analysis
Answers come easily with iCFO. Review ROI, sales per employee, profit margins of the top 10%, top 25% and more, to identify areas of concern and opportunity. Examine what if scenarios and P&L impact of reducing costs or adding revenue.
Your Business’ Health In Minutes
It takes only five minutes to enter your data and produce a concise profile of your company’s fiscal state, including critical business ratios focusing on liquidity, profitability, asset efficiency, and growth.