Press release
Canned Seafood Market size was valued at USD 32.36 Bn USD in 2023 and is expected to reach 42.02 Bn in 2030
Canned Seafood Market
Canned Seafood Market size was valued at USD 32.36 Bn USD in 2023 and is expected to reach 42.02 Bn in 2030. The Global Canned Seafood Market is expected to grow at a CAGR of 3.8 percentage through the forecast period.
Canned Seafood Market Overview:
The canned seafood market, valued at $32.36 billion in 2023, is projected to reach $42.02 billion by 2030, growing at a CAGR of 3.8%. This growth is driven by the increasing consumer demand for nutritious, convenient, and long-shelf-life food options, with tuna and bluefish being particularly popular due to their health benefits. The market's expansion is also supported by advancements in canning technology, which ensures the preservation of nutritional value and extends the shelf life of seafood products.
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Drivers in the Canned Seafood Market:
The canned seafood market is primarily driven by rising health awareness, where consumers seek nutritious options rich in essential fatty acids, proteins, and vitamins. The convenience of ready-to-eat meals that fit into busy lifestyles is a significant factor, as is the growing consumer preference for sustainably sourced and eco-friendly products. Additionally, the expanding popularity of seafood globally, coupled with innovative product offerings, further fuels market growth.
Canned Seafood Market Trends:
Key trends in the canned seafood market include the increasing popularity of flavored tuna varieties that cater to diverse culinary tastes and the growing demand for sustainable packaging solutions. Consumers are also showing interest in plant-based seafood alternatives, which are gaining traction as they align with ethical and environmental considerations, further expanding the market's reach.
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Canned Seafood Market Opportunities:
Opportunities in the canned seafood market lie in the development of sustainable and innovative products that cater to the evolving preferences of health-conscious and environmentally aware consumers. The rise of plant-based seafood alternatives presents a promising avenue for growth, as does the expansion into emerging markets where the demand for convenient and nutritious food is increasing.
What is Canned Seafood Market Regional Insight?
The Asia Pacific region dominates the canned seafood market, holding a 46.2% share in 2023, driven by high demand for seafood and ready-to-eat products. Europe follows, accounting for 32.8% of the market, with its rich culinary traditions and the popularity of canned fish, such as tuna and sardines, which reflect regional tastes. These regions benefit from established key players and a diverse product range that meets local preferences.
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Segmentation Analysis of the Canned Seafood Market
by Product Type
Tuna
Salmon
Sardines
Prawns
Shrimp
other seafood
by Distribution channel
Supermarkets & Hypermarkets
Convenience Stores
Online Stores
Others
by End User
Households
Commercial
Who is the largest manufacturers of Canned Seafood Market worldwide?
1. Bumble Bee Seafoods (U.S)
2. StarKist Co. (U.S)
3. Tradient Seafoods (U.S)
4. American Tuna, Inc. (U.S)
5. Wild Planet Foods (U.S)
6. The Fish & Meat Co.(U.S)
7. Capital Fish Company (U.S)
8. Icicle Seafoods Inc (U.S)
9. Universal Canning Inc (U.S)
10. Tri Marine Group (U.S)
11. Trident Seafoods Corporation (U.S)
12. Brunswick Seafood (Canada)
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Key Offerings:
Past Market Size and Competitive Landscape
Canned Seafood Market Size, Share, Size & Forecast by different segment
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Canned Seafood Market Segmentation - A detailed analysis by Product
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
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