Canned Seafood Market Size and Forecast (2022-2029), Latest Trends, dynamics, and Key Companies competition.
People are becoming more health conscious in the Millennial generation, but they are unable to eat nutritious foods due to their hectic work schedules. Food in cans entered the market as a solution to this issue. Customers consume a lot of canned seafood because of its high nutritional value. Seafood in cans is low in bad cholesterol and high in essential fatty acids, proteins, minerals, and vitamins. Sterilization can be accomplished using the canning process while fresh seafood is packed in an airtight container. The product's shelf life is increased and microbial contamination is avoided during the canning process. The market for canned seafood has seen explosive growth thanks to ready-to-eat food. For a balanced diet, tuna and bluefish are highly favoured by consumers.
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Canned Seafood Market Overview:
By carefully examining information on present and emerging trends, it is possible to understand the dynamics of the Canned Seafood Market. Porter's five forces are covered in the report to analyse the importance of numerous elements, including dangers posed by various agents, competitive strength, and promising young businessmen to comprehend a resource. The study carried out a micro level analysis of every nation to ascertain the total market size by countries and segments. The regional and global markets' sizes are projected using a bottom-up methodology. The contribution of the unorganised market to the size of the overall market can be ascertained by performing a micro level analysis of each nation. Interviews with significant local businesspeople are then utilised to check the results. Both purchased and free data bases are used in the secondary research and analysis of the same. Each player's supply and consumption data are derived from official government sources, third-party databases, and, in the case of listed companies, financial reports.
Canned Seafood Market Dynamics:
Increasing knowledge of the advantages of canned seafood for health: The market for canned seafood is growing at a faster rate thanks to growing awareness of the health advantages it offers. Essential fatty acids like Omega 3 fatty acids, which are crucial for health, can be found in canned seafood. The consumption of canned seafood products lowers the risk of developing breast cancer and heart disease and enhances mental health. Additionally, there is a growing market for exotic marine foods, which will increase demand for canned seafood. Understanding consumer preferences and offering wholesome and delicious canned seafood products contribute to a rise in the demand for these goods. Consequently, the market for canned seafood will grow faster than expected during the forecast period.
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Canned Seafood Market Segment:
The Canned Seafood Market is segmented into Supermarkets & Hypermarkets, Convenience Stores, Online Stores, and Others based on the distribution channel. Due to its packaging and prepared fish and seafood, Supermarkets & Hypermarkets, which currently hold the largest market share, are anticipated to grow at a CAGR of 9.5% over the course of the forecast period. The amazing experience of purchasing canned seafood products from online retailers, which includes many discounts, simple home delivery, and safe packaging, is anticipated to boost the market's growth rate.
Canned Seafood Market Key players:
- 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
Canned Seafood Market Regional Analysis:
North America, Europe, Asia Pacific, the Middle East, Africa, and South America are the five important geographic regions of the Canned Seafood market.
Research methodology:
- Through primary and secondary research, the major players in the Canned Seafood Market were identified, and their respective global market shares were calculated.
- To gain in-depth market insights, the research approach includes examining the annual and quarterly financial reports and regulatory filings of the leading market competitors.
- Most of the market's penetration rates percentage shares, splits, and breakdowns were calculated from secondary sources and confirmed from primary sources.
- To obtain validated and verified quantitative and qualitative data, all significant macro indicators influencing the revenue growth of the market segments and sub segments were considered, carefully examined, confirmed through primary research, and assessed.
- In this MMR report, the obtained market data was combined with specific inputs, examined, and presented.
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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.
Global Canned Seafood Market is anticipated to reach USD 27.8 billion by 2025.
Preventing food from spoilage by storing it in jars or containers and heating it to a temperature that destroys micro-organisms causing it to spoil is termed as canning.
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.
Canned sea food helps in lowering the risk of depression and raising the bone strength owing to its calcium content.
Boosting the immunity power is also one of the major health benefits offered by the product.The report “Canned Seafood Market Size & Forecast Report, 2014 - 2025” is available now at https://www.millioninsights.com/industry-reports/canned-seafood-marketThe 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.
This chemical can lead to birth disorders, infertility, heart diseases, cancerous tumors, etc.
Global “Canned Seafood Market” report offers an overview of the market size, share, trends, drivers, and barriers with respect to the Canned Seafood Industry.
The competitive data type analysis includes capacity, market share, profit margin, market growth, consumer consumption, imports, exports, revenue, and etc.
Global Canned Seafood Market is anticipated to reachUSD 27.8 billion by 2025.
Preventing food from spoilage by storing it in jars or containers and heating it to a temperature that destroys micro-organisms causing it to spoil is termed as canning.
It is considered as a key and safe method for preserving food, andit retains fat, protein, and carbohydrate constituents.
Canned seafood industry may be explored by product, distribution channel, and geography.
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.
