The global can opener market is projected to experience significant growth, reaching an impressive valuation of USD 7.59 million in 2023 and expanding at a compound annual growth rate (CAGR) of 5.2%, expected to reach USD 12.6 million by 2033. This growth is driven by the rising demand for canned foods, including ready-to-eat meals, frozen foods, fruits and vegetables, and animal-based products like fish and poultry.
As the consumption of packaged foods continues to surge globally, can openers are becoming an essential tool in both residential and commercial kitchens. Their ease of use, portability, and low-effort design make them indispensable in everyday life. The expanding e-commerce sector is further accelerating market growth, providing consumers and retailers with convenient access to a wide range of can opener products, reducing lead time and increasing market reach.
The market is witnessing a variety of can openers catering to both residential and industrial needs, with options spanning from affordable manual models to high-end electric and automatic can openers. Heavy-duty can openers, specifically designed for the food industry and high-volume users opening 300 to 2000 cans per day, are also seeing increased demand.
Key Drivers of Market Growth
- Consumer Preference for Packaged Foods: The growing consumption of canned foods due to convenience, long shelf-life, and nutritional benefits is one of the main factors propelling the can opener market.
- Single-Person Households: An increase in single-person households globally is driving the demand for more packaged food, positively impacting the global can opener market.
- Technological Innovations: Manufacturers are focusing on providing advanced features, such as smooth-touch, auto-safety, electric, and automatic can openers, which are expected to boost market growth.
- E-commerce Growth: The rise of online shopping platforms globally enables retailers and customers to buy and sell can openers easily, driving overall demand.
Key Players
Helen of Troy Limited (OXO)
Hamilton Beach Brands Inc.,
Kuhn Rikon International
Edlund Company, LLC,
Inter IKEA Systems B.V.
Kitchenaid International
Sammic S.L.
Bergner Group
Regional Analysis Includes
- North America
- Latin America
- Europe
- Middle East & Africa (MEA)
- South Asia
- East Asia
- Oceania
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Can Opener Market: Segmentation
By Basis of Product Type:
- Manual
- Electric
By Basis of Application:
- Commercial
- Household
By Distribution Channel:
- Indirect
- Distributors
- Supermarkets
- Specialty Stores
- Online Platforms
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