Global Canned Seafood Market Size By Product Type (Shrimp, Salmon, Sardines), By Distribution Channel (Retail, Institution, and Foodservice), By Geography Scope And Forecast

Canned Seafood Market Size And Forecast

Canned Seafood Market size was valued at USD 27.69 Billion in 2022 and is projected to reach USD 36.75 Billion by 2030, growing at a CAGR of 3.69% from 2024 to 2030.

Rapid urbanization Raising demand for ready-to-eat food along with increasing demand for healthy and nutritious food is anticipated to drive the demand for canned seafood products over the forecast period. Canned seafood has a longer shelf life as compared to freshly available products, making it long-lasting also it requires no refrigeration owing to which the food form is gaining popularity among consumers especially working individuals. Furthermore, the food can be transported and stored using much less energy as compared to frozen products. The flavor may begin to reduce over time, many varieties of canned fish are considered non-perishable and can be safely stored for up to five years, reducing food waste. The Global Canned Seafood Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Canned Seafood Market Definition

Canned or tinned fish is fish that is handled and put away in an impermeable compartment, for example, a fixed can or tin, and exposed to warmth. The use of appropriate vitamins like vitamin B12 during canning contributes to the increase in nutritional value. There are many different kinds of Canned Seafood on the market, including prawns, salmon, sardines, tuna, shrimp, and others. The Canned Seafood Market is expected to expand positively as consumers become more aware of the benefits of nutrition and immune-boosting products.

Fast Urbanization is further adding to the interest in canned fish items in created economies like U.S. Canada, the UK, and France among others. Additionally, seafood has a number of advantages, including improved vision and health. It is also attributed to the health benefits of fish like canned tuna, which help people lose weight, prevent cancer, and provide essential nutrients to their bodies.

The food’s health benefits are a major factor in the market’s expansion. Fish is known to wellspring of protein and different supplements. Expanding consciousness of purchasers on taking insignificantly handled food varieties that are liberated from manufactured additives and buildup of composts and anti-infection agents drives the Canned Fish Market. The best alternatives for meeting the requirements are sand sea foods. Salman is a good source of vitamin B12, high-quality protein, and iron.

Global Canned Seafood Market Overview

Reasonableness is one of the elements that assume a vital part in the development of the market. The cost of Canned Seafood is within the means of the average person. Additionally, these foods support a person’s overall health by providing vitamins like vitamin B12, vitamin A, vitamin D, and Omega-3 fatty acids, among other nutrients. Canned tuna is the most widely consumed seafood product. It is because of the medical advantages given by the fish.

The medical advantages incorporate supporting weight reduction, fiber content given, malignant growth anticipation, pulse control, and so forth. The climate plays a major role in the Canned Seafood Market. The impediments to market expansion are unanticipated adverse weather conditions. Cold climates in Europe and North America are the market’s favorable weather conditions. For instance, the expansion of the market is hindered by the hot climate in nations like India. Additionally, the market is hampered by seafood producers’ fear of contamination. Additionally, the growth is hampered by the products’ seasonal availability. People with low incomes in developing nations cannot afford the products.

Expanding interest in notable and fascinating food things is on the ascent because of the consequence of the rising buying force of shoppers. The utilization of these sorts of fish in cafés and lodgings in the US is expanding open doors for the market. Likewise moving shopper inclinations as they are fundamentally zeroing in on solid as well as delicious food is the central development driver for amazing open doors. It is guessed that the fragment involving retailers and free vendors would ascend at a vigorous speed.

Global Canned Seafood Market Segmentation Analysis

The Global Canned Seafood Market is Segmented on the basis of Product Type, Distribution Channel, And Geography.

Canned Seafood Market, By Product Type

• Shrimp
• Salmon
• Sardines
• Tuna
• Prawns

Based on Product Type, The market is segmented into Shrimp, Salmon, Sardines, Tuna, and Prawns. Canned tuna is a widely used product in the Canned Seafood Market. High lean proteins, and Omega 3 fatty acids account for the improvement of personal health in individuals. Also aids in improving the immune system, reducing blood pressure and depression Cancer prevention along weight loss. The growth of canned prawns is expected to hinder due to the mal trading practices of prawns leading to environmental damage. Also, the malignant antibiotics used during their production restrain the market.

Canned Seafood Market, By Distribution Channel

• Retail
• Institution
• Foodservice

Based on Distribution Channel, The market is segmented into Retail, Institution, and Foodservice. The seafood market forecast to be the highest contributor was the retail segment and anticipated to be the dominant segment in the future too. It is expected that the food service segment is also to be at a good growth rate. It is attributed to the convenience it provides during the cooking of meals.

Canned Seafood Market, By Geography

• North America
• Europe
• Asia Pacific
• Rest of The World

Based on Regional Analysis, The Global Canned Seafood Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. North America and Europe will remain crucial markets. It is anticipated that the Asia-Pacific will offer higher opportunities to the market. Additionally, ready-to-eat means and seafood products in the region are anticipated to propel the market. An increase in the consumption of seafood hotels restaurants industries in France is going to drive the market in Europe, with the wrong purchasing power of people likely to properly the market in the coming years.

Key Players

The “Global Canned Seafood Market” study report will provide valuable insight with an emphasis on the global market, market share, and market ranking analysis of the above-mentioned players globally. The major players in the market are Bumble Bee seafoods, Starkist co., Nippon Suisan kaisha ltd, Mahira Naichiro Corporation, Icicle seafoods inc, LDH, Thai union frozen products, American tuna, Universal canning, Tridents seafoods corporation.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Ace Matrix Analysis

The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.

Market Attractiveness

The image of market attractiveness provided would further help to get information about the region that is majorly leading in the Canned Seafood Market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.

Porter’s Five Forces

The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. The porter’s five forces model can be used to assess the competitive landscape in Canned Seafood Market, gauge the attractiveness of a certain sector, and assess investment possibilities.

Report Scope

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Research Methodology of Market Research

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates