Canned Seafood Market – Global Industry Analysis and Forecast (2022-2029)

Canned Seafood Market was valued at US$ 32.47 Bn. in 2029. The Global Canned Seafood Market size is expected to grow at a CAGR of 3.8 % through the forecast period.

Canned Seafood Market Overview:

In the world of Millennials, people are becoming more health-conscious but due to busy work life, they can’t have healthy and nutritious food. To address this problem canned food came into the market. Due to its high nutritious properties, Canned Seafood is highly consumed by the customers. Canned Seafood is rich in essential fatty acids, proteins, minerals, and vitamins and contains low bad cholesterol. Fresh seafood is packed in an air-tight container and using the canning process sterilization can be done. The canning process prevents microbial contamination and also extends the shelf life of the product. Ready-to-eat food has surged the growth of the canned seafood market. Among consumers, Tuna and bluefish are highly preferred for a balanced diet. Canned Seafood MarketTo know about the Research Methodology :- Request Free Sample Report

Canned Seafood Market Dynamics:

Market Drivers: Rising awareness about the health benefits offered by canned seafood: Rising awareness about the health benefits offered by the canned seafood product help to increase the growth rate of the canned seafood market. Canned seafood contains essential fatty acids like Omega 3 fatty acid which is important for health. Canned seafood product reduces the risk of heart disease and breast cancer and helps to improve mental health. In addition, the demand for exotic marine food items is on the rise which will boost the canned seafood market. By understanding consumers’ preference, providing healthy and tasty canned seafood items help to increase the demand for canned seafood products. Thus, increasing the growth rate of the canned seafood market over the forecast period. Increasing popularity for ready-to-eat and preservative-free food: The growing demand for seafood products that should have a higher shelf life and can be Ready-to-eat primarily surged the growth of the seafood canned market. Ready-to-eat food items are alternatives to regular food, which can be consumed at any time. From the study, it is found that most the consumers are willing to spend on ready-to-eat food which saves their timing. The process of canning does not require any kind of chemical additives to preserve the product. Thus, the increasing popularity of ready-to-eat and preservative-free food will surge the growth of the canned seafood market. Challenges faced by Canned Seafood Market: High price and popularity of minimally processed food: Lower and middle-income levels of the population in developing countries are unable to afford canned seafood products. In addition to that, growing awareness of the adverse health effects due to the consumption of highly processed foods gives rise to increasing demand for minimally processed food. The canning process uses high temperature and pressure which might change the properties of the final product. From the study, it is found that consumers’ buying behavior changes towards natural and minimally processed food. So, some of these factors will hamper the growth of the canned seafood market.Canned Seafood Market

Canned Seafood Market Segment Analysis:

Based on the Product, Tuna segment holds the largest share and is expected to grow at a CAGR of 8.4% during the forecast period because of its high protein content. Tuna contains high Omega 3 fatty acids which help to improve health and reduce blood pressure, reduce depression, and help to improve the immune system. Shrimp also contains Omega 3 fatty acids and is known to reduce the risk of heart disease, stroke, and dementia. The canned shrimp market is expected to grow more during the forecast period because of its high nutritional value and low-fat content coupled with the high concentration of easily digestible protein. In addition, the use of product across multiple cuisines by high-end restaurants increases the demand for canned shrimp and are anticipated to increase the growth rate of the canned seafood market. Moreover, the increasing health benefits such as vitamins, proteins, low bad cholesterol, and minerals offered by Salmon fish are anticipated to generate promising opportunities for key players in the canned seafood market. Based on the Distribution channel, the Canned Seafood Market is divided into Supermarkets & Hypermarkets, Convenience Stores, Online Stores, and Others. Supermarkets & Hypermarkets holds the largest market share and is expected to grow at a CAGR of 9.5% during the forecast period because of its packaging and processed fish and seafood. Online stores offer an amazing experience of buying canned seafood products with a lot of discounts, easy home delivery, and safe packaging which is anticipated to increase the growth rate of the canned seafood market.

Canned Seafood Market Regional Insights:

The Asia Pacific region dominated the market with a more than 35% share in 2021. In addition, the high demand for seafood and ready-to-eat products in the region is expected to drive the growth of the canned seafood market over the forecasted period. Also, the presence of the major key players makes the Asia Pacific region dominated the canned seafood market. North America and Europe are expected to witness a high growth rate in the canned seafood market owing to the increasing popularity of protein-rich diets in the region. The high content of polyunsaturated fatty acids, vitamins, and essential minerals in canned seafood products increases the demand in consumers. The growing popularity of such nutritious food in food in Germany, the UK, and France is anticipated to drive the demand for canned seafood. Furthermore, the increasing demand for shelf-stable products and supply chain in the region fuels the growth of the market in the Asia Pacific region. The objective of the report is to present a comprehensive analysis of the global Canned Seafood 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 reports also help understand the Canned Seafood Market dynamic and structure by analyzing the market segments and projecting the Canned Seafood Market size. Clear representation of competitive analysis of key players by product type, price, financial position, product portfolio, growth strategies, and regional presence in the Canned Seafood Market make the report investor’s guide.

Canned Seafood Market Scope: Inquiry Before Buying

Canned Seafood Market
Report Coverage Details
Base Year: 2021 Forecast Period: 2022-2029
Historical Data: 2017 to 2021 Market Size in 2021: US$ 24.1 Bn.
Forecast Period 2022 to 2029 CAGR: 3.8% Market Size in 2029: US$ 32.47 Bn.
Segments Covered: by Product Type • Tuna • Salmon • Sardines • Prawns • Shrimp • other seafood
by Distribution channel • Supermarkets & Hypermarkets • Convenience Stores • Online Stores • Others

Canned Seafood Market by Region

• North America • Europe • The Asia Pacific • South America

Canned Seafood Market, Key Players

• AquaChile • Brunswick Seafood • Marine Harvest • Thai Union Group • Sajo Industries • Bumble Bee Seafoods • StarKist Co. • Wild Planet Foods • Connors Bros Ltd. • Tradient Seafoods • American Tuna, Inc. • Dongwon Industries • The Calvo Group • Simon Peter Fish & Meat Company • SANTHI Fisheries • Metarch Exports • The Fish & Meat Co. • Capital Fish Company • Nippon Suisan Kaisha Ltd. Frequently Asked Questions: 1] What segments are covered in the Global Canned Seafood Market report? Ans. The segments covered in the Canned Seafood Market report are based on the Product Type and Distribution channel. 2] Which region is expected to hold the highest share in the Global Canned Seafood Market? Ans. The Asia Pacific region is expected to hold the highest share in the Canned Seafood Market. 3] What is the market size of the Global Canned Seafood Market by 2029? Ans. The market size of the Canned Seafood Market by 2029 is expected to reach US$ 32.47  Bn. 4] What is the forecast period for the Global Canned Seafood Market? Ans. The forecast period for the Canned Seafood Market is 2021-2029. 5] What was the market size of the Global Canned Seafood Market in 2021? Ans. The market size of the Canned Seafood Market in 2021 was valued at US$ 24.1Bn.
1. Global Canned Seafood Market Size: Research Methodology 2. Global Canned Seafood Market Size: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global Canned Seafood Market Size 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Canned Seafood Market Size: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • The Asia Pacific • South America 3.12. COVID-19 Impact 4. Global Canned Seafood Market Size Segmentation 4.1. Global Canned Seafood Market Size, by Product Type (2021-2029) • Tuna • Salmon • Sardines • Prawns • Shrimp • other seafood 4.2. Global Canned Seafood Market Size, by Distribution Channel (2021-2029) • Supermarkets & Hypermarkets • Convenience Stores • Online Stores • Others 5. North America Canned Seafood Market (2021-2029) 5.1. North America Canned Seafood Market Size, by Product Type (2021-2029) • Tuna • Salmon • Sardines • Prawns • Shrimp • other seafood 5.2. North America Canned Seafood Market Size, by Distribution Channel (2021-2029) • Supermarkets & Hypermarkets • Convenience Stores • Online Stores • Others 5.3. North America Canned Seafood Market, by Country (2021-2029) • The United States • Canada • Mexico 6. European Canned Seafood Market (2021-2029) 6.1. European Canned Seafood Market, by Product Type (2021-2029) 6.2. European Canned Seafood Market, by Distribution Channel (2021-2029) 6.3. European Canned Seafood Market, by Country (2021-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Canned Seafood Market (2021-2029) 7.1. Asia Pacific Canned Seafood Market, by Product Type (2021-2029) 7.2. Asia Pacific Canned Seafood Market, by Distribution Channel (2021-2029) 7.3. Asia Pacific Canned Seafood Market, by Country (2021-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. South America Canned Seafood Market (2021-2029) 8.1. South America Canned Seafood Market, by Product Type (2021-2029) 8.2. South America Canned Seafood Market, by Distribution Channel (2021-2029) 8.3. South America Canned Seafood Market, by Country (2021-2029) • Brazil • Argentina • Rest Of South America 9. Middle East and Africa Online Lottery Market (2021-2029) 1.1. Middle East and Africa Online Lottery Market, by Product Type (2021-2029) 1.2. Middle East and Africa Online Lottery Market, by Distribution Channel (2021-2029) 1.3. Middle East and Africa Online Lottery Market, by Country (2021-2029) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 10. Company Profile: Key players 10.1. AquaChile 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. Brunswick Seafood 10.3. Marine harvest 10.4. Thai Union Group 10.5. Sajo Industries 10.6. Bumble Bee Seafoods 10.7. StarKist Co. 10.8. Wild Planet food 10.9. Connors Bros Ltd. 10.10. Tradient Seafoods 10.11. American Tuna, Inc. 10.12. Dongwon Industries 10.13. The calvo Group 10.14. Simon Peter Fish & Meat Companies 10.15. Santhi Fisheries 10.16. Metrach Exports 10.17. The Fish & Meat Co. 10.18. Capital Fish Company 10.19. Nippon Suisan Kaisha Ltd.

About This Report

Report ID 145875
Category Food & Beverages
Published Date Sep 2022
Updated Date
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