research
AnythingResearch
Industry Data & Market Research
AnythingResearch

2024 U.S. Industry Statistics & Market Forecast - Specialty Canning


Market Size & Industry Statistics

The total U.S. industry market size for Specialty Canning: Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders. In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.

Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.

Charts and graphs can be copied to Microsoft Word and Powerpoint presentations.

Statistics        2019        2020        2021        2022        2023
Market Size
(Total Sales/Revenue)


Order at top of page
Total Firms
Total Employees
Average Revenue Per Firm
Average Employees Per Firm
Average Revenue Per Employee
Statistics Source: U.S. Census, AnythingResearch Analysis of Federal Data



Market Forecast

Market forecasts show the long term industry outlook and future growth trends. The following extended five-year forecast projects both short-term and long-term trends.





Forecast / Industry Outlook 2024 2025 2026 2027 2028
Market Forecast ($ millions)
Projected Industry Growth Rate (%)
Source: AnythingResearch Economic Analysis

Industry Insights

The Specialty Canning industry is facing several key trends that are impacting its growth and development. One major trend is the increasing demand for locally sourced and sustainable foods. Consumers are looking for products that are produced in smaller batches and have a more personal touch, resulting in a shift towards artisanal and craft-style products in the market.

Another trend is the rising popularity of plant-based diets and alternative proteins, leading to the development of canned goods featuring alternative proteins like lentils, beans, and peas. This shift towards plant-based products is also seen in the use of more sustainable packaging materials such as biodegradable plant-based plastics and aluminum cans.

The Specialty Canning industry is also experiencing an increase in e-commerce and online sales. Consumers are now more likely to purchase canned goods directly from producers through online channels, such as Amazon, Etsy, and farmers’ markets. Producers are also investing in digital marketing to build brand awareness, engage customers and promote products through social media platforms.

The COVID-19 pandemic has also impacted the Specialty Canning industry, with consumers stocking up on shelf-stable products to reduce their trips to the grocery store. Many Specialty Canning producers have reported spikes in sales, leading to supply chain disruptions and challenges in maintaining inventory levels.

Finally, the Specialty Canning industry is seeing increased interest in international flavors and fusion cuisines. Consumers are looking for unique flavors from different regions, leading to the exploration of new ingredients, spices, and cooking techniques to create canned goods that are globally inspired.



U.S. Geographic Distribution: Revenue Statistics by State

Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.

U.S. map by state

Income Statement (Average Financial Metrics)

Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.

Industry AveragePercent of Sales
(Industry Benchmark)
Total Revenue

Order at top of page
Operating Revenue
Cost of Goods Sold
Gross Profit

Operating Expenses
Pension, profit sharing plans, stock, annuity
Repairs
Rent paid on business property
Charitable Contributions
Depletion
Domestic production activities deduction
Advertising
Compensation of officers
Salaries and wages
Employee benefit programs
Taxes and Licenses
Bad Debts
Depreciation
Amortization
Other Operating Expenses
Total Operating Expenses
Operating Income
Non-Operating Income
EBIT (Earnings Before Interest and Taxes)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit
Net Income
 
Source: AnythingResearch Analysis of U.S. federal statistics




Financial Ratio Analysis

Financial ratio information can be used to benchmark how a Specialty Canning company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.

Profitability & Valuation RatiosIndustry Average
Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Specialty Canning industry is performing.
Profit Margin
Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues.
Return on Equity (ROE)
Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings).
Return on Assets (ROA)
Return on Assets (ROA) is net income relative to total assets. The market research on Specialty Canning measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets.


Liquidity RatiosIndustry Average
Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability.
Current Ratio
Measures a firm's ability to pay its debts over the next 12 months.
Quick Ratio (Acid Test)
Calculates liquid assets relative to liabilities, excluding inventories.


Efficiency Ratios - Key Performance IndicatorsIndustry Average
Measure how quickly products and services sell, and effectively collections policies are implemented.
Receivables Turnover Ratio
If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections.
Average Collection Period
Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover
Inventory Turnover
A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort.
Fixed-Asset Turnover
Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue.



Compensation & Salary Surveys for Employees

Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.

TitlePercent of WorkforceBottom Quartile Average (Median) SalaryUpper Quartile
Management Occupations 4%

Order at top of page
Chief Executives0%
General and Operations Managers1%
Office and Administrative Support Occupations 7%
Installation, Maintenance, and Repair Occupations 9%
Other Installation, Maintenance, and Repair Occupations 8%
Industrial Machinery Installation, Repair, and Maintenance Workers 6%
Industrial Machinery Mechanics 5%
Production Occupations 50%
Food Processing Workers 19%
Miscellaneous Food Processing Workers 19%
Food Batchmakers 13%
Other Production Occupations 24%
Packaging and Filling Machine Operators and Tenders 15%
Packaging and Filling Machine Operators and Tenders 15%
Transportation and Material Moving Occupations 18%
Material Moving Workers 16%
Laborers and Material Movers 11%
Laborers and Freight, Stock, and Material Movers, Hand 5%
Source: Bureau of Labor Statistics


Specialty Canning Competitor Landscape & Key Companies [PREMIUM]

The most influential companies in the Specialty Canning industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Specialty Canning industry and adjacent sectors:

Market Leaders:
Direct Competitors

Companies with the largest market share, focused in this industry
Market leaders:
Diversified Competitors

Largest companies that have diversified operations in this and other industries
Innovators:
Direct Competitors

Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry.
Innovators:
Diversified Competitors

Innovators and Disruptors in adjacent industries that may also affect the Specialty Canning industry.
Source:
IncFact




Innovation News



Recent Federal Contracts for Specialty Canning

  • Feb 16, 2024: VIOLET SANFORD HOLDINGS LLC (Sanford, NC) awarded $377,280
  • Feb 15, 2024: AMERIQUAL GROUP, LLC (Evansville, IN) awarded $47,471,365
  • Jan 29, 2024: VIETTI ACQUISITION LLC (Nashville, TN) awarded $439,934




Related Reports

Can't find what you're looking for? We have over a thousand market research reports. Ask us and an analyst will help you find what you need.

Industries Related to Specialty Canning