Press release
Canned Seafood Market: Surging to $47.47 billion by 2029 with a CAGR of 6.3%
Canned Seafood Market Size
What Is The Projected Market Size Of The Global Canned Seafood Market And Its Growth Rate?
The canned seafood market has witnessed substantial growth in the recent past and is projected to grow even further:
• From $35.27 billion in 2024 to $37.2 billion in 2025 at a compound annual growth rate (CAGR) of 5.5%.
• The size of the canned seafood market is expected to reach $47.47 billion in 2029, growing at a compound annual growth rate (CAGR) of 6.3%.
• Key factors influencing these growth rates include globalization of cuisine, urbanization, increased disposable income, and emerging trends such as sustainability practices and e-commerce growth.
What Is Driving The Growth In The Canned Seafood Market?
The rise in health issues like heart disease and diabetes will continue to drive the growth of the canned seafood market. Canned seafood, rich in omega-3 fatty acids, provides numerous health benefits including anti-inflammatory properties, decreased blood pressure, and reduced risk of heart failures and strokes. According to the British Heart Foundation, approximately 7.6 million people suffer from heart and circulatory diseases in the UK, leading to around 480 deaths each day. Furthermore, the National Diabetes Audit reveals that over 3.6 million individuals are diagnosed with pre-diabetes. The increasing cases of such health problems underline the importance of canned seafood, therefore buttressing its market growth.
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Who Are the Key Players Driving Canned Seafood Market Growth?
Prominent companies operating in the canned seafood market include:
• StarKist Co.
• Maruha Nichiro Corporation
• Wild Planet Foods Inc.
• Trident Seafoods Corporation
• Connors Brothers Limited
• Thai Union Group
• Bumble Bee Foods LLC
• Dongwon Food Co. Ltd.
• Nissui Corporation
• American Tuna Inc.
What Are The Key Trends In The Canned Seafood Market?
Key trends shaping the canned seafood market include:
• Innovation in packaging
• Flavor innovation
• Ready-to-eat products
• Customization and personalization
• Cultural influences
What Are The Segments Of The Global Canned Seafood Market?
The global canned seafood market is segmented by:
• Type: Canned Fish, Canned Mollusks, Canned Crustaceans, Canned Cephalopods
• Distribution channel: Hyper markets and Super markets, Convenience stores, Independent grocery stores, Specialty stores, Online retail
• End User: Households, Commercial
Which Region Leads The Canned Seafood Market?
Europe held the largest share in the canned seafood market in 2024. However, South America is expected to become the fastest-growing region in the global canned seafood market during the forecast period.
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What Is Covered In The Canned Seafood Market Global Market Report?
- Market Size Analysis: Analyze the Canned Seafood Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Canned Seafood Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Canned Seafood Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Canned Seafood Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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