Food Can Market: Global Industry Analysis and Forecast (2021-2027) by Material, Application and type

Global Food Can Market size was valued at US$ 27.6 Bn. in 2020 and the total revenue is expected to grow at 6.1% through 2021 to 2027, reaching nearly US$ 41.78 Bn.

Global Food Can Market Overview:

Food Cans are generally used for food preservation in processed and sealed in steel or aluminum cans which provide food life from one to five years. The processed food industry uses the canning method to provide better shelf life for the product. Food Cans are the best alternative for single-use plastic packaging products. Due to the high rate of recycling, food cans are being opted by a large population which drove the high demand for food cans. Food Can MarketTo know about the Research Methodology :- Request Free Sample Report 2020 is considered as a base year to forecast the market from 2021 to 2027. 2020's market size is estimated on real numbers and outputs of the key players and major players across the globe. Past five years' trends are considered while forecasting the market through 2027. 2020 is a year of exception and analyzed especially with the impact of lockdown by region.

Global Food Can Market Dynamics:

The market for Food Can has grown as a result of the high recycling rates of aluminum, as well as an increase in the number of health-conscious clients and a growing awareness of healthy nutrients in food and beverages. The rise in public awareness of the negative consequences of using single-use plastics, as well as government intervention in banning the use of such plastics that hurt the environment, has fuelled the growth of the Food Can Market. Food cans have a shelf life ranging from one to five years, depending on the sealing technology used. Customers, particularly millennials, prefer canned food since it is cost-effective and long-lasting. Cans, which have been largely replaced on store shelves by dry dog foods and wet pet foods packaged in cubes and other flexible, plastic-based setups over the years, continue to have a place in the increasingly competitive pet food market, which includes both specialty and traditional brands and stores. Can have a long history of appeal due to several factors. The biggest advantage of including canned food recipes into a dog's diet is that it strengthens the bond between pet owners and their children during mealtime. The design of pet food packages isn't an all-or-nothing proposition. While dry food remains the most popular choice for pets due to its convenience, wet food has several advantages. Aluminum can contain up to 70% recycled metal making it the most recycled beverage container by far. Aluminum cans are completely impervious to oxygen, light, moisture, and other pollutants. They are corrosion-resistant and have one of the longest shelf lives of any package. These cans' lightweight and ability to stack provide storage and shipping efficiencies, as well as reduce overall transportation carbon emissions through logistics and supply chains, promoting their acceptance in packaging. A total of 125 billion aluminum cans are recycled annually. Recycled aluminum requires 95% less energy than new aluminum production and produces only 5% of greenhouse gas emissions.

Opportunities

Increasing demand for packaging plastic alternatives will boost the growth of the metal can market. Increased environmental awareness will stimulate demand for metal cans. The booming food and beverage industry offers sales opportunities for metal cans. Ease of recycling and durability of transportation are factors that support the growth of the market. Mobile canning service with small off volumes, minimal cost and innovative flexibility and shrink sleeve option made cans striking for small players. Wine in cans are the new trends and fastest growing segment with sale growth of 68% with 188.8 million in 2020.

Restraints

The high demand for aluminum for manufacturing led to a scarcity of raw materials like steel and aluminum sheets. Delay in the supply of orders to top players creates instability in pricing.

Global Food Can Market Segment Analysis:

By Material, The aluminum segment is expected to dominate the market with CAGR of xx% during the forecast period. This is due to the economics and recycling rate of aluminum. The increasing use of metal packaging for food and beverage packaging provides a sustainable and environmentally friendly solution for packaging in multiple applications. It is convenient to keep the aluminum cans in the refrigerator or oven. Changes in consumer preferences can be observed in food and beverage packaging. According to the US Environmental Protection Agency (EPA), 1.9 million tons of aluminum packaging was manufactured for beer and soft drink cans, and 49.2% of aluminum beverage cans were recycled. Metal packaging for the food industry is considered safe, which is one of the most important factors for market growth. Food Can Market by Material By Application, the Beverage segment is the dominating in the Global Food Can Market. Beverage cans are estimated to hold a large share by 2027, due to the increase in consumption of soft drinks, non-soft drinks, sports drinks, and energy drinks. Increased consumption of alcoholic beverages will lead to growth in the beverage can market. In addition, changing consumer trends in healthy beverages are driving the metal can market over the forecast period. Food Can Market by Application By Type, 2 Piece type of cans is the dominating segment in the global food cans market as it replaced the 3 piece cans which cause lead pollution and hence for better sustainable and environmentally friendly option, 2 pieces can have taken over the market. 2 piece cans required higher grade metal which gives durability and lightweight if made in aluminum and due to high-quality material, it has a high rate of recycling. One bottom and body of the can made from one sheet which is seamless and gives lightweight structure with high durability is the main factor for 2 piece cans to dominate the global food cans market.

Global Food Can Market Regional Insights:

North America Dominates the global food can market with total 118 billion units sold in United States and Canada. In the North American region, the market for food and beverage metal cans is mostly driven by rising consumer awareness of environmental sustainability. North America is a major food and beverage manufacturer. Furthermore, North America is one of the world's largest consumers of aluminum cans, and the region is controlled by a high number of packaged food and beverage consumers. The domestic manufacturing of food and beverage metal cans in North America is likely to benefit from increased investment in R&D and technological developments. These factors influence the food industry. APAC accounts for 18% of the total food can market. However, China is at the top of the APAC region's charts for canning procurement and consumption. This is due to the busy lifestyle of people who do not like to spend time on elaborate procedures. ASEAN countries such as Vietnam and Malaysia are developing as major regions of the food can market APAC food can market is expected to grow rapidly for a booming industry with a large population ready to spend on processed and packaged foods. The potential Food Can market attracted a new foreign entry, the Poland-based CANPACK Group. In July 2020, CANPACK, with 33 plants in Europe, North Africa, the Middle East, Asia and Latin America, announced plans to build a 1 billion can capacity Greenfield plant with room to expand to 3 billion cans. Ardagh is currently the only example of a foreign investor entering North America through the acquisition of Impress Group and the sold Ball Rexam Plant as a result of antitrust decisions. The objective of the report is to present a comprehensive analysis of the Global Food Can market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the Global Food Can market dynamics, structure by analyzing the market segments and projecting the Global Food Can market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Food Can market make the report investor’s guide.

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Global Food Can Market
Report Coverage Details
Base Year: 2020 Forecast Period: 2021-2027
Historical Data: 2016 to 2020 Market Size in 2020: US $ 27.6 Bn.
Forecast Period 2021 to 2027 CAGR: 6.1% Market Size in 2027: US $ 41.78 Bn.
Segments Covered: by Material • Aluminum • Steel
by Type • 2-Piece • 3-Piece
by Application • Food • Beverages

Global Food Can Market, by Region

• North America • Europe • Asia Pacific • The Middle East and Africa • South America

Global Food Can Market Key Players

Crown Holdings • Ball Corporation • Silgan Holdings Inc. • Ardagh Group • CAN-PACK S.A • Kian Joo Group • CPMC Holdings Limited • Heineken • Kraft Heinz Company • Suntory • Asahi Group • CHS Inc. • Coca-Cola European Partners • Bunge • Carlsberg. • Irwin Packaging Pty Ltd. • Independent Can • Huber Packaging Group • Toyo Seikan Group Holdings Ltd. • Sonoco Products • Amcor • Allstate Can Corporation • Can Pack S.A. • Lucky Star Ltd

FAQ

1] What segments are covered in the Global Food Can Market report? Ans. The segments covered in the Global Food Can Market report are based on Material, Application, and Type. 2] Which region is expected to hold the highest share in the Global Food Can Market? Ans. North America region is expected to hold the highest share in the Global Food Can Market. 3] What is the market size of Global Food Can Marketby2027? Ans. The market size of the Global Food Can Market by 2027 is US $ 41.78 Bn. 4] Who are the top key players in the Global Food Can Market? Ans. Crown Holdings, Ball Corporation, Silgan Holdings Inc., Ardagh Group, CAN-PACK S.A, Kian Joo Group, CPMC Holdings Limited, Heineken, Kraft Heinz Company, Suntory, Asahi Group, CHS Inc., Coca-Cola European Partners, Bunge, Carlsberg., Irwin Packaging Pty Ltd., Independent Can, Huber Packaging Group, Toyo Seikan Group Holdings Ltd., Sonoco Products, Amcor, Allstate Can Corporation, Can-Pack S.A., Lucky Star Ltd 5] What was the market size of the Global Food Can Market in 2020? Ans. The market size of the Global Food Can Market in 2020 was US $ 27.6 Bn.
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Food Can Market Size, by Market Value (US$ Mn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2020 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Food Can Market 3.4. Geographical Snapshot of the Food Can Market, By Manufacturer share 4. Global Food Can Market Overview, 2020-2027 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Materials 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Food Can Market 5. Supply Side and Demand Side Indicators 6. Global Food Can Market Analysis and Forecast, 2020-2027 6.1. Global Food Can Market Size & Y-o-Y Growth Analysis. 7. Global Food Can Market Analysis and Forecasts, 2020-2027 7.1. Market Size (Value) Estimates & Forecast By Material, 2020-2027 7.1.1. Aluminum 7.1.2. Steel 7.2. Market Size (Value) Estimates & Forecast By Type, 2020-2027 7.2.1. 2-Piece 7.2.2. 3-Piece 7.3. Market Size (Value) Estimates & Forecast By Application, 2020-2027 7.3.1. Food 7.3.2. Beverages 8. Global Food Can Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2020-2027 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Food Can Market Analysis and Forecasts, 2020-2027 9.1. Market Size (Value) Estimates & Forecast By Material, 2020-2027 9.1.1. Aluminum 9.1.2. Steel 9.2. Market Size (Value) Estimates & Forecast By Type, 2020-2027 9.2.1. 2-Piece 9.2.2. 3-Piece 9.3. Market Size (Value) Estimates & Forecast By Application, 2020-2027 9.3.1. Food 9.3.2. Beverages 10. North America Food Can Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2020-2027 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Food Can Market Analysis and Forecasts, 2020-2027 11.1. Market Size (Value) Estimates & Forecast By Material, 2020-2027 11.2. Market Size (Value) Estimates & Forecast By Type, 2020-2027 11.3. Market Size (Value) Estimates & Forecast By Application, 2020-2027 12. Canada Food Can Market Analysis and Forecasts, 2020-2027 12.1. Market Size (Value) Estimates & Forecast By Material, 2020-2027 12.2. Market Size (Value) Estimates & Forecast By Type, 2020-2027 12.3. Market Size (Value) Estimates & Forecast By Application, 2020-2027 13. Mexico Food Can Market Analysis and Forecasts, 2020-2027 13.1. Market Size (Value) Estimates & Forecast By Material, 2020-2027 13.2. Market Size (Value) Estimates & Forecast By Type, 2020-2027 13.3. Market Size (Value) Estimates & Forecast By Application, 2020-2027 14. Europe Food Can Market Analysis and Forecasts, 2020-2027 14.1. Market Size (Value) Estimates & Forecast By Material, 2020-2027 14.2. Market Size (Value) Estimates & Forecast By Type, 2020-2027 14.3. Market Size (Value) Estimates & Forecast By Application, 2020-2027 15. Europe Food Can Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2020-2027 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Food Can Market Analysis and Forecasts, 2020-2027 16.1. Market Size (Value) Estimates & Forecast By Material, 2020-2027 16.2. Market Size (Value) Estimates & Forecast By Type, 2020-2027 16.3. Market Size (Value) Estimates & Forecast By Application, 2020-2027 17. France Food Can Market Analysis and Forecasts, 2020-2027 17.1. Market Size (Value) Estimates & Forecast By Material, 2020-2027 17.2. Market Size (Value) Estimates & Forecast By Type, 2020-2027 17.3. Market Size (Value) Estimates & Forecast By Application, 2020-2027 18. Germany Food Can Market Analysis and Forecasts, 2020-2027 18.1. Market Size (Value) Estimates & Forecast By Material, 2020-2027 18.2. Market Size (Value) Estimates & Forecast By Type, 2020-2027 18.3. Market Size (Value) Estimates & Forecast By Application, 2020-2027 19. Italy Food Can Market Analysis and Forecasts, 2020-2027 19.1. Market Size (Value) Estimates & Forecast By Material, 2020-2027 19.2. Market Size (Value) Estimates & Forecast By Type, 2020-2027 19.3. Market Size (Value) Estimates & Forecast By Application, 2020-2027 20. Spain Food Can Market Analysis and Forecasts, 2020-2027 20.1. Market Size (Value) Estimates & Forecast By Material, 2020-2027 20.2. Market Size (Value) Estimates & Forecast By Type, 2020-2027 20.3. Market Size (Value) Estimates & Forecast By Application, 2020-2027 21. Sweden Food Can Market Analysis and Forecasts, 2020-2027 21.1. Market Size (Value) Estimates & Forecast By Material, 2020-2027 21.2. Market Size (Value) Estimates & Forecast By Type, 2020-2027 21.3. Market Size (Value) Estimates & Forecast By Application, 2020-2027 22. CIS Countries Food Can Market Analysis and Forecasts, 2020-2027 22.1. Market Size (Value) Estimates & Forecast By Material, 2020-2027 22.2. Market Size (Value) Estimates & Forecast By Type, 2020-2027 22.3. Market Size (Value) Estimates & Forecast By Application, 2020-2027 23. Rest of Europe Food Can Market Analysis and Forecasts, 2020-2027 23.1. Market Size (Value) Estimates & Forecast By Material, 2020-2027 23.2. Market Size (Value) Estimates & Forecast By Type, 2020-2027 23.3. Market Size (Value) Estimates & Forecast By Application, 2020-2027 24. Asia Pacific Food Can Market Analysis and Forecasts, 2020-2027 24.1. Market Size (Value) Estimates & Forecast By Material, 2020-2027 24.2. Market Size (Value) Estimates & Forecast By Type, 2020-2027 24.3. Market Size (Value) Estimates & Forecast By Application, 2020-2027 25. Asia Pacific Food Can Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2020-2027 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Food Can Market Analysis and Forecasts, 2020-2027 26.1. Market Size (Value) Estimates & Forecast By Material, 2020-2027 26.2. Market Size (Value) Estimates & Forecast By Type, 2020-2027 26.3. Market Size (Value) Estimates & Forecast By Application, 2020-2027 27. India Food Can Market Analysis and Forecasts, 2020-2027 27.1. Market Size (Value) Estimates & Forecast By Material, 2020-2027 27.2. Market Size (Value) Estimates & Forecast By Type, 2020-2027 27.3. Market Size (Value) Estimates & Forecast By Application, 2020-2027 28. Japan Food Can Market Analysis and Forecasts, 2020-2027 28.1. Market Size (Value) Estimates & Forecast By Material, 2020-2027 28.2. Market Size (Value) Estimates & Forecast By Type, 2020-2027 28.3. Market Size (Value) Estimates & Forecast By Application, 2020-2027 29. South Korea Food Can Market Analysis and Forecasts, 2020-2027 29.1. Market Size (Value) Estimates & Forecast By Material, 2020-2027 29.2. Market Size (Value) Estimates & Forecast By Type, 2020-2027 29.3. Market Size (Value) Estimates & Forecast By Application, 2020-2027 30. Australia Food Can Market Analysis and Forecasts, 2020-2027 30.1. Market Size (Value) Estimates & Forecast By Material, 2020-2027 30.2. Market Size (Value) Estimates & Forecast By Type, 2020-2027 30.3. Market Size (Value) Estimates & Forecast By Application, 2020-2027 31. ASEAN Food Can Market Analysis and Forecasts, 2020-2027 31.1. Market Size (Value) Estimates & Forecast By Material, 2020-2027 31.2. Market Size (Value) Estimates & Forecast By Type, 2020-2027 31.3. Market Size (Value) Estimates & Forecast By Application, 2020-2027 32. Rest of Asia Pacific Food Can Market Analysis and Forecasts, 2020-2027 32.1. Market Size (Value) Estimates & Forecast By Material, 2020-2027 32.2. Market Size (Value) Estimates & Forecast By Type, 2020-2027 32.3. Market Size (Value) Estimates & Forecast By Application, 2020-2027 33. Middle East Africa Food Can Market Analysis and Forecasts, 2020-2027 33.1. Market Size (Value) Estimates & Forecast By Material, 2020-2027 33.2. Market Size (Value) Estimates & Forecast By Type, 2020-2027 33.3. Market Size (Value) Estimates & Forecast By Application, 2020-2027 34. Middle East Africa Food Can Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2020-2027 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Food Can Market Analysis and Forecasts, 2020-2027 35.1. Market Size (Value) Estimates & Forecast By Material, 2020-2027 35.2. Market Size (Value) Estimates & Forecast By Type, 2020-2027 35.3. Market Size (Value) Estimates & Forecast By Application, 2020-2027 36. GCC Countries Food Can Market Analysis and Forecasts, 2020-2027 36.1. Market Size (Value) Estimates & Forecast By Material, 2020-2027 36.2. Market Size (Value) Estimates & Forecast By Type, 2020-2027 37. Egypt Food Can Market Analysis and Forecasts, 2020-2027 37.1. Market Size (Value) Estimates & Forecast By Material, 2020-2027 37.2. Market Size (Value) Estimates & Forecast By Type, 2020-2027 37.3. Market Size (Value) Estimates & Forecast By Application, 2020-2027 38. Nigeria Food Can Market Analysis and Forecasts, 2020-2027 38.1. Market Size (Value) Estimates & Forecast By Material, 2020-2027 38.2. Market Size (Value) Estimates & Forecast By Type, 2020-2027 38.3. Market Size (Value) Estimates & Forecast By Application, 2020-2027 39. Rest of ME&A Food Can Market Analysis and Forecasts, 2020-2027 39.1. Market Size (Value) Estimates & Forecast By Material, 2020-2027 39.2. Market Size (Value) Estimates & Forecast By Type, 2020-2027 39.3. Market Size (Value) Estimates & Forecast By Application, 2020-2027 40. South America Food Can Market Analysis and Forecasts, 2020-2027 40.1. Market Size (Value) Estimates & Forecast By Material, 2020-2027 40.2. Market Size (Value) Estimates & Forecast By Type, 2020-2027 40.3. Market Size (Value) Estimates & Forecast By Application, 2020-2027 41. South America Food Can Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2020-2027 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Food Can Market Analysis and Forecasts, 2020-2027 42.1. Market Size (Value) Estimates & Forecast By Material, 2020-2027 42.2. Market Size (Value) Estimates & Forecast By Type, 2020-2027 42.3. Market Size (Value) Estimates & Forecast By Application, 2020-2027 43. Argentina Food Can Market Analysis and Forecasts, 2020-2027 43.1. Market Size (Value) Estimates & Forecast By Material, 2020-2027 43.2. Market Size (Value) Estimates & Forecast By Type, 2020-2027 43.3. Market Size (Value) Estimates & Forecast By Application, 2020-2027 44. Rest of South America Food Can Market Analysis and Forecasts, 2020-2027 44.1. Market Size (Value) Estimates & Forecast By Material, 2020-2027 44.2. Market Size (Value) Estimates & Forecast By Type, 2020-2027 44.3. Market Size (Value) Estimates & Forecast By Application, 2020-2027 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Food Can Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Types and R&D Investment 45.2.2. New Material Launches and Material Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 45.3. Company Profile : Key Players 45.3.1. Crown Holdings Inc. 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Material Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.3.2. Ball Corporation 45.3.3. Silgan Holdings Inc 45.3.4. Ardagh Group 45.3.5. CAN-PACK S.A 45.3.6. Kian Joo Group 45.3.7. CPMC Holdings Limited 45.3.8. Heineken 45.3.9. Kraft Heinz Company 45.3.10. Suntory 45.3.11. Asahi Group 45.3.12. CHS Inc. 45.3.13. Coca-Cola European Partners 45.3.14. Bunge 45.3.15. Carlsberg. 45.3.16. Irwin Packaging Pty Ltd. 45.3.17. Independent Can 45.3.18. Huber Packaging Group 45.3.19. Toyo Seikan Group Holdings Ltd. 45.3.20. Sonoco Products 45.3.21. Amcor 45.3.22. Allstate Can Corporation 45.3.23. Can Pack S.A. 45.3.24. Lucky Star Ltd. 46. Primary Key Insights

About This Report

Report ID 91969
Category Food & Beverages
Published Date April 2021
Updated Date Oct 2021
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