Canned Seafood Market Growth & Trends
The global canned seafood market size is expected to reach USD 50.47 billion by 2030, expanding at a CAGR of 5.9%, according to a new report by Grand View Research, Inc. Increasing demand for essential fatty acids and proteins in consumer diets has contributed to the growth of canned seafood in the recent years. Moreover, the growing popularity of chemical-free packaged seafood with higher shelf life has promoted the adoption of canned seafood among consumers.
Technological advancements in tuna fishing coupled with Fish Aggregating devices and advanced packaging technology for fish products are anticipated to drive the industry growth during the forecast period. In addition, improved packaging procedures with the use of RFID tags to improve product traceability and agglomeration are expected to increase product adoption by the consumers, thereby contributing to the market growth. For instance, in March 2021, Thai Union Frozen products SPACE-F announced FoodsTech Accelerator and Incubator Program that allow food processing at a faster pace and preserve the quality of its food.
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Canned Tuna held the largest segment in 2021 and is expected to maintain dominance during the forecast period. Canned tuna is broadly utilized in different day-to-day dishes and delicacies, including salads, croquettes, sandwiches, burgers, pasta, tacos, and sushi. Moreover, an increase in the availability of certified and sustainable canned tuna in the market has favored the growth of the market. For instance, in January 2020, Wild Planet Foods released the newest product line of flavored wild albacore tuna pouches. The company announced this new line in the following varieties: Jalapeño & Cumin; Lime & Basil; Sweet Chili Pepper; and Lemon & Thyme. These Albacore Wild Tuna pouches are 100% sustainably caught using pole & line fishing methods.
The retail segment contributed a majority of the share to become a larger division in the global revenue in 2021. Many offline stores, including convenience stores and supermarkets, have freezing and temperature-controlled facilities, which is driving the growth of retail distribution channels. Additionally, increasing penetration of independent retail giants is boosting product visibility and attracting a larger consumer base. Moreover, the rise in online purchases of canned seafood through online distribution channels is favoring the growth of the retail segment.
Canned Seafood Market Report Highlight
· Canned tuna dominated the product segment due to its high nutritional value, all-season availability and competitive pricing are the attributed factors for this growth
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· Foodservices are anticipated to register the fastest growth during the forecast years owing to promising growth in the number of hotels, restaurants, cafes, and other such service providers
· From 2022 to 2030, the Middle East is expected to experience a CAGR of 5.9%. The growing demand for sustainably sourced seafood is driving the market growth in this region, owing to its many health benefits
Canned Seafood Market Segmentation
Grand View Research has segmented the canned seafood market based on product, distribution channel, and region :
Canned Seafood Product Outlook (Revenue, USD Million; Volume, Kilo Tons; 2017 - 2030)
· Tuna
· Salmon
· Sardines
· Other Fish
· Prawns
· Shrimps
· Other Seafood
Canned Seafood Distribution Channel Outlook (Revenue, USD Million; Volume, Kilo Tons;
2017 - 2030)
· Foodservices
· Retail
Canned Seafood Regional Outlook (Revenue, USD Million; Volume, Kilo Tons; 2017 - 2030)
· North America
o U.S.
o Canada
· Europe
o Germany
o U.K.
o France
· Asia Pacific
o China
o Thailand
o Japan
· Central & South America
o Brazil
· Middle East & Africa
o GCC
List of Key Players of Canned Seafood Market
· StarKist Co.
· Nippon Suisan Kaisha, Ltd
· Maruha Nichiro Corporation
· Icicle Seafoods Inc.
· LDH (La Doria) Ltd
· Wild Planet Foods
· Thai Union Frozen Products
· American Tuna, Inc.
· Universal Canning, Inc.
· Tri Marine Group
· Trident Seafoods Corporation
· Connors Bros. Ltd. (Brunswick Seafoods)
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About Grand View Research
Grand View Research is a full-time market research and consulting company registered in San Francisco, California. The company fully offers market reports, both customized and syndicates, based on intense data analysis. It also offers consulting services to business communities and academic institutions and helps them understand the global and business scenario to a significant extent. The company operates across multitude of domains such as Chemicals, Materials, Food and Beverages, Consumer Goods, Healthcare, and Information Technology to offer consulting services.
Global Canned Seafood Market is anticipated to reach USD 27.8 billion by 2025.
It is considered as a key and safe method for preserving food, and it retains fat, protein, and carbohydrate constituents.The essential nutrients added during canning process including vitamin D and A lead to the improvement of metabolism, and vitamin B12 improves eyesight.
Boosting the immunity power is also one of the major health benefits offered by the product.The factors that propel the growth of the canned seafood industry include rapid urbanization & industrialization, increasing demand, and product development & technological innovations, rise in the purchasing power of the consumers coupled with the change in eating patterns.
Moreover, high presence of BPA in cans is the main factor hindering the market growth.
The “Canned Tuna” segment dominated the canned seafood market in 2016 and is anticipated to maintain its dominance by 2025, owing to Tuna that is a rich source of lean proteins, and it also contains the other nutrients such as omega 3 fatty acid, which results in the improvement of personal health.Canned seafood industry may be explored by distribution channels as retailers and independent dealers, online stores, supermarkets, and others.
The “Retailers and Independent dealers” segment dominated the market in the forecast period owing to ease of availability of these products in food marts and supermarket.Asia-Pacific accounted for the major share of the canned seafood market size in 2016 and will continue to lead in the forecast period; wherein China is a key contributor in this region tracked by India.
Market Overview:With the concept of “open and eat” food products gaining popularity due to compact packaging and the fast lifestyle of consumers, the demand for canned seafood is growing.
Market Research Future (MRFR) has published a research report about global canned seafood market that envisions boost for this market with 3.6% CAGR (Compound Annual Growth Rate) for this market between 2017 and 2023.
In terms of value, the market that is worth the US $ 27.60 bn in 2017 is expected to be worth the US $ 33.90 bn in 2023.Some of the key factors aiding the growth of global canned seafood market include high shelf life of the products, increasing consumer inclination to adopt healthy food habits, increasing popularity of ready to eat food products, mounting growth of food service industry, and new product development.Access Report Details @ https://www.marketresearchfuture.com/reports/canned-seafood-market-6703Major Key Players:Key players in the global canned seafood market include American Tuna Inc., Bumble Bee Seafoods, C-Food International LLC, Connors Bros. Ltd. (Brunswick Seafoods), Icicle Seafoods Inc., LDH (La Doria) Ltd, Maruha Nichiro Corporation, Nippon Suisan Kaisha Ltd, Pegasus Food Co. Ltd., StarKist Co., Thai Union Frozen Products, Trident Seafoods Corporation., Tri Marine Group, Universal Canning Inc., and Wild Planet Foods.Segment:The global canned seafood market has been segmented on the basis of the distribution channel, type, and region.
Although store-based distribution channel holds the larger market share, the market share of non-store based is expected to rise rapidly during the forecast period.
Tuna is the largest market segment among these whereas the sardines have been estimated to emerge as the fastest growing market during the forecast period.Regional Analysis:The regional segmentation of the global canned seafood market segments the market into continent-based regional markets known as North America, Europe, South America, Asia Pacific, and the Middle East & Africa (MEA).
North America is a strong regional market due to technological advancement, good refrigeration facilities, rising health-conscious attitude among consumers, and the presence of many key market players in this region.
UpMarketResearch offers a latest published report on “Global Canned Salmon Market Analysis and Forecast 2018-2025” delivering key insights and providing a competitive advantage to clients through a detailed report.
Get Free Exclusive PDF Sample Copy of This Report https://www.upmarketresearch.com/home/requested_sample/7548 Canned Salmon Industry research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period.
Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
The numerical data is backed up by statistical tools such as SWOT analysis, BCG matrix, SCOT analysis, PESTLE analysis and so on.
The generated report is firmly based on primary research, interviews with top executives, news sources and information insiders.
Global Canned Salmon Market: Manufacturers Segment Analysis Bumble Bee FoodsMarine HarvestThai Union Frozen Products CompanyBeijing Princess Seafood International TradingDong Won FisheriesEmpresas AquaChileLabeyrie Fine FoodsMogster GroupPrinces GroupTassal Group Market segment by Regions/Countries, this report coversNorth AmericaEuropeChinaJapanIndiaSoutheast AsiaOther regions (Central & South America, Middle East & Africa) On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split intoFarmed Canned SalmonWild Canned SalmonBy Application, the market can be split intoConvenience StoresSupermarkets and HypermarketsIndependent Retailers By Application, the market can be split intoSupermarkets and HypermarketsIndependent RetailersConvenience StoresSpecialist Retailers Buy Canned Salmon Market analysis & forecast 2018-2025 Report along with complete TOC https://www.upmarketresearch.com/buy/canned-salmon-market In this study, the years considered to estimate the market size of Canned Salmon are as follows: History Year: 2013-2017 Base Year: 2017 Estimated Year: 2018 Forecast Year 2018 to 2025 The Report covers in-depth analysis as follows1 Industry Overview of Canned Salmon2 Manufacturing Cost Structure Analysis of Canned Salmon3 Technical Data and Manufacturing Plants Analysis of Canned Salmon4 Global Canned Salmon Overall Market Overview5 Canned Salmon Regional Market Analysis6 Global 2013-2018E Canned Salmon Segment Market Analysis (by Type)7 Global 2013-2018E Canned Salmon Segment Market Analysis (by Application)8 Major Manufacturers Analysis of Canned Salmon9 Development Trend of Analysis of Canned Salmon Market10 Canned Salmon Marketing Type Analysis11 Consumers Analysis of Canned Salmon12 Conclusion of the Global Canned Salmon Market Professional Survey Report 2017 “Canned Salmon Market Analysis and Forecast 2018-2025” report helps the clients to take business decisions and to understand strategies of major players in the industry.
