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Canned seafood Market to Gain Competitive Edge By 2027 | Top Players Tri Marine International, Mark Foods Inc., High Liner Foods, Gomes da Costa, Mazzetta Company, CamilAilmentos, Oceana Group

01-05-2021 02:58 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Stratagem Market Insights

Canned seafood Market

Canned seafood Market

Canned seafood Market Overview

Canned seafood is made by removing the fish out of its water and then freezing it. After that, it is packed into cans, which are usually referred to as cans or boxes. Popular foods are salmon, cod, mussels, haddock, trout, haddock, sardines, salmon roe, and crab meat. The global canned seafood market focuses on six regions namely North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. The global canned seafood market is expected to witness significant growth during the forecast period, owing to increasing affordability worldwide.

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Canned seafood Market Drivers

Increasing popularity of ready-to-eat seafood products is expected to drive growth of the global canned seafood market during the forecast period. The demand for ready-to-eat seafood products has increased significantly over the years due to convenience and affordability. Seafood is an excellent source of nutrients, vitamins, and omega 3s that are essential for brain development, a healthy heart, and strong bones. Since ready-to-eat seafood is easily available in any supermarket and convenience stores, the popularity of these products is increasing rapidly. Besides, key industry players are launching novel products to gain a significant edge in the market. For instance, in March 2018, Grupo Nueva Pescanova introduced three new ready-to-eat products namely Argentine red shrimp on skewers, white shrimp skewers, and a combo of Argentine shrimp and mahi-mahi skewers. Thus, these factors are expected to drive growth of the global canned seafood market during the forecast period. Moreover, increasing affordability worldwide is expected to boost the global canned seafood market growth over the forecast period.

Market Restraints

Concerns regarding brand sensitivity and lack of capital investment are expected to hinder the global canned seafood market growth over the forecast period.

Regional Insights

Among regions, Asia Pacific is expected to witness significant growth in the global canned seafood market during the forecast period. This is owing to high demand for ready-to-eat meals and seafood products in the region. Furthermore, Europe is expected to register a robust growth rate over the forecast period, owing to improving purchase power of consumers in the region.

Key players operating in the global canned seafood market are
-- Tri Marine International
-- Mark Foods Inc.
-- High Liner Foods
-- Gomes da Costa
-- Mazzetta Company
-- CamilAilmentos
-- Oceana Group

For instance, in July 2019, Princes Group, a subsidiary of Mitsubishi Corporation, introduced two new fish-based products Tuna in Chilli Oil and Tuna n Olive Oil.

Market Segmentation:

Product Type Segmentation
-- Canned Fish
-- Canned Shrimp

Industry Segmentation
-- Supermarket
-- Food Store
-- Online Sales

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Mr. Shah
Stratagem Market Insights
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USA +1-415-871-0703
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Email: sales@stratagemmarketinsights.com

About Us:

Stratagem Market Insights is a management consulting organization providing market intelligence and consulting services worldwide. We bring the expertise of consultants with an cumulative industry experience of more than 70 years. The firm has been providing quantified B2B research and currently offers services to over 350+ customers worldwide.

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