According to the report the global canned seafood market reached a value of USD 29.15 billion in 2022. Aided by the rising demand for ready-to-eat food products and the growing applications of canned seafood in various cuisines, the market is projected to further grow at a CAGR of 4.7% between 2023 and 2028 to reach a value of USD 38.43 billion by 2028.
Canned seafood market is poised to witness a healthy growth in the forecast period, as it is a nutrient-packed food product derived from various marine organisms such as fish, molluscs, and crustaceans, and it's commonly employed as a primary ingredient in many dishes, including salads, pasta, sandwiches, and more. It plays an essential role in human health, providing high-quality protein, vitamins, minerals, and omega-3 fatty acids. Besides its nutritional benefits, canned seafood also boasts superb preservation characteristics due to its long shelf life, making it an indispensable component in numerous commercial applications including retail, hospitality, and military ration packs.
The escalating consumer demand for protein-rich and convenient food products is a driving factor for the global canned seafood market expansion. Amid growing awareness of the health benefits correlated with seafood consumption, there has been a marked transition towards seafood-enriched diets, inciting an upswing in demand for canned seafood products. Additionally, the increasing pace of life and the rising need for quick and easy meal solutions have further amplified the popularity of canned seafood.
The broadening applications of canned seafood in various sectors also significantly contribute to the canned seafood market development. In the retail industry, canned seafood is a popular choice due to its long shelf life, easy storage, and versatility in meal preparation. The hospitality industry appreciates canned seafood for its ability to deliver consistent quality and flavour across various dishes. Military and emergency services value canned seafood for its nutritional content and convenience, making it a crucial element in prepared ration packs.
Moreover, the intensifying demand for sustainable and eco-friendly food solutions in the food and beverage industry has led to a sharpened focus on canned seafood as a practical choice. With the rise of pescatarian diets and the increasing emphasis on sustainable fishing practices, canned seafood, particularly those with MSC (Marine Stewardship Council) certification, has emerged as a crucial player in the formulation of environment-friendly and ethical food choices, thereby propelling the canned seafood market growth.
The market is also influenced by the growing trend of premiumisation. Consumers are showing an increased willingness to pay more for premium canned seafood products that offer superior taste, quality, and ethical sourcing, which in turn opens up new avenues for growth within the sector.
Our high-quality, data-driven analyses provide the essential framework for organisations seeking to make informed and strategic decisions in an increasingly complex and rapidly evolving business environment. By investing in our market research reports, you can ensure your organisation remains agile, proactive, and poised for success in today's competitive market.
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*The publisher always strives to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
Canned seafood market is poised to witness a healthy growth in the forecast period, as it is a nutrient-packed food product derived from various marine organisms such as fish, molluscs, and crustaceans, and it's commonly employed as a primary ingredient in many dishes, including salads, pasta, sandwiches, and more. It plays an essential role in human health, providing high-quality protein, vitamins, minerals, and omega-3 fatty acids. Besides its nutritional benefits, canned seafood also boasts superb preservation characteristics due to its long shelf life, making it an indispensable component in numerous commercial applications including retail, hospitality, and military ration packs.
The escalating consumer demand for protein-rich and convenient food products is a driving factor for the global canned seafood market expansion. Amid growing awareness of the health benefits correlated with seafood consumption, there has been a marked transition towards seafood-enriched diets, inciting an upswing in demand for canned seafood products. Additionally, the increasing pace of life and the rising need for quick and easy meal solutions have further amplified the popularity of canned seafood.
The broadening applications of canned seafood in various sectors also significantly contribute to the canned seafood market development. In the retail industry, canned seafood is a popular choice due to its long shelf life, easy storage, and versatility in meal preparation. The hospitality industry appreciates canned seafood for its ability to deliver consistent quality and flavour across various dishes. Military and emergency services value canned seafood for its nutritional content and convenience, making it a crucial element in prepared ration packs.
Moreover, the intensifying demand for sustainable and eco-friendly food solutions in the food and beverage industry has led to a sharpened focus on canned seafood as a practical choice. With the rise of pescatarian diets and the increasing emphasis on sustainable fishing practices, canned seafood, particularly those with MSC (Marine Stewardship Council) certification, has emerged as a crucial player in the formulation of environment-friendly and ethical food choices, thereby propelling the canned seafood market growth.
The market is also influenced by the growing trend of premiumisation. Consumers are showing an increased willingness to pay more for premium canned seafood products that offer superior taste, quality, and ethical sourcing, which in turn opens up new avenues for growth within the sector.
Market Segmentation
The market can be divided based on type, distribution channel, and region.Market Breakup by Type
Canned Fish
- Tuna
- Salmon
- Sardines
- Mackerel
- Others
- Canned Shrimp
- Canned Prawns
- Others
Market Breakup by Distribution Channel
- Supermarkets/Hypermarkets
- Convenience Stores
- Online Retail Stores
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global canned seafood companies. Some of the major key players explored in the report are as follows:- Thai Union Group Public Company Limited
- Bumble Bee Foods, LLC
- Century Pacific Food Incorporated
- Bolton Group S.r.l
- Dhofar Fisheries & Food Industries Company S.A.O.G
- StarKist Co
- Icicle Seafoods, Inc
- Others
About the Publisher
Acquire unparalleled access to critical industry insights with our comprehensive market research reports, meticulously prepared by a team of seasoned experts. These reports are designed to equip decision-makers with an in-depth understanding of prevailing market trends, competitive landscapes, and growth opportunities.Our high-quality, data-driven analyses provide the essential framework for organisations seeking to make informed and strategic decisions in an increasingly complex and rapidly evolving business environment. By investing in our market research reports, you can ensure your organisation remains agile, proactive, and poised for success in today's competitive market.
Don't miss the opportunity to elevate your business intelligence and fortify your strategic planning. Secure your organisation's future success by acquiring one of these reports today.
*The publisher always strives to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
Table of Contents
1 Preface2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Canned Seafood Market Analysis
8.1 Key Industry Highlights
8.2 Global Canned Seafood Historical Market (2018-2022)
8.3 Global Canned Seafood Market Forecast (2023-2028)
8.4 Global Canned Seafood Market by Type
8.4.1 Canned Fish
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.1.3 Breakup by Type
8.4.1.3.1 Tuna
8.4.1.3.2 Salmon
8.4.1.3.3 Sardines
8.4.1.3.4 Mackerel
8.4.1.3.5 Others
8.4.2 Canned Shrimp
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.4.3 Canned Prawns
8.4.3.1 Historical Trend (2018-2022)
8.4.3.2 Forecast Trend (2023-2028)
8.4.4 Others
8.5 Global Canned Seafood Market by Distribution Channel
8.5.1 Supermarkets/Hypermarkets
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 Convenience Stores
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.5.3 Online Retail Stores
8.5.3.1 Historical Trend (2018-2022)
8.5.3.2 Forecast Trend (2023-2028)
8.5.4 Others
8.6 Global Canned Seafood Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2022)
8.6.1.2 Forecast Trend (2023-2028)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2022)
8.6.2.2 Forecast Trend (2023-2028)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2022)
8.6.3.2 Forecast Trend (2023-2028)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2022)
8.6.4.2 Forecast Trend (2023-2028)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2022)
8.6.5.2 Forecast Trend (2023-2028)
9 North America Canned Seafood Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
10 Europe Canned Seafood Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 France
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Canned Seafood Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 India
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Historical Trend (2018-2022)
11.5.2 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Canned Seafood Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Canned Seafood Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Historical Trend (2018-2022)
13.3.2 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Historical Trend (2018-2022)
13.4.2 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Thai Union Group Public Company Limited
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Bumble Bee Foods, LLC
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Century Pacific Food Incorporated
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Bolton Group S.r.l
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Dhofar Fisheries & Food Industries Company S.A.O.G
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 StarKist Co
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Icicle Seafoods, Inc
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Others
16 Key Trends and Developments in the Market
Companies Mentioned
- Thai Union Group Public Company Limited
- Bumble Bee Foods, LLC
- Century Pacific Food Incorporated
- Bolton Group S.r.l
- Dhofar Fisheries & Food Industries Company S.A.O.G
- StarKist Co
- Icicle Seafoods, Inc
Methodology
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