3 Key Insights on US$ 50 Bn Opportunity in the Global Canned Seafood Market: Ken Research

Driven by Rising Health Awareness Among People, an Increasing Demand for Processed and Convenient, and Advancements in Manufacturing Technology, the Global Canned Seafood Market is Forecasted to Reach US$ 50 Bn by 2028 says Ken Research Study.
Seafood that has been heated, processed, and sealed in an airtight container, such as a tin can, is considered canned or tinned seafood. One to five years are typically the shelf life provided by canning, which is a form of food preservation.

Ken Research shares 3 key insights on this high-opportunity market from its latest research study.

1. Sustainability Concerns Have Increased the Market's Growth Rate

According to Research estimates, the Global Canned Seafood Market - which was valued from around US$ 20 Bn in 2017 to nearly US$ 30 Bn by 2022 - is expected to grow further to more than US$ 50 Bn opportunity by 2028.

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As consumer concern for environmentally and socially responsible seafood procurement grows, consumers have begun choosing fish items that are acquired sustainably. This has led to an increase in the number of canned salmon suppliers looking to buy raw materials from fisheries that are Marine Stewardship Council (MSC) and Aquaculture Stewardship Council (ASC) certified to support the sustainable initiative and ultimately increase the market's sales of canned seafood.

2. Increasing Health Concerns to Propel the Market Growth

The Global Canned Seafood Market is expanding as consumers become more aware of the health advantages provided by these products. Omega-3 fatty acids, which are crucial for overall health and wellness, are abundant in canned fish. According to the Office of Disease Prevention and Health Promotion's Dietary Guidelines, many varieties of seafood offer a reasonably high protein-to-calorie ratio, with about 7 grams of protein per ounce.

Alpha-linolenic acid (ALA), eicosapentaenoic acid (EPA), and docosahexaenoic acid are the three major omega-3 fatty acids (DHA). Fish and other seafood include DHA and EPA. Consuming fatty fish and other seafood as part of balanced diet aid in maintaining heart health as well as shields from severe heart conditions. Triglyceride levels can be reduced, for instance, by increasing EPA and DHA intake through food or nutritional supplements. It is, therefore, positively impacting the Canned Seafood Market. To lower the chance of developing certain heart conditions, the American Heart Association (AHA) advises the intake of one to two servings of seafood every week.

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3. Harmful Metal Components Found in Some Fishes to Affect the Market Negatively

Predatory species caught in locations with high metal concentrations like high mercury levels are unfit for human consumption and harm the consumer excessively. Some fish collect pollutants including lead (Pb), cadmium (Cd), and mercury (Hg), which are only tolerated at extremely low levels in the human body. Although there are very few dangerous metals in the oceans, larger concentrations can be found in certain places, such as in waters that have been contaminated by chemical and geological processes.

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Mercury accumulates up the food chain making it dangerous for consumers' health, predatory species caught in locations with high mercury concentrations can have high mercury levels. As a result, eating canned fish collected from such areas becomes the main method for exposing people to mercury and other metals in turn limiting the Canned Seafood Market growth.

For more information on the research report, refer to below link:

https://www.kenresearch.com/business-research/global-canned-seafood-market-outlook-2028/

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Ken Research is a research based management consulting company. We provide strategic consultancy to aid clients on critical business perspective: strategy, marketing, organization, operations and technology transformation, advanced analytics, corporate finance, mergers & acquisitions and sustainability across all industries and geographies. We provide business intelligence and operational advisory across 300+ verticals underscoring disruptive technologies, emerging business models with precedent analysis and success case studies. Some of top consulting companies and Market leaders seek our intelligence to identify new revenue streams, customer/ vendor paradigm and pain points and due diligence on competition.

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