Comprehensive 2025 Canned Seafood Market Overview: Trends, Forecasts, and Growth Drivers

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What Is the Expected CAGR for the Canned Seafood Market Through 2025?
There has been a robust expansion in the canned seafood market size in the previous few years. The growth is expected to advance from $35.27 billion in 2024 to $37.2 billion in 2025 with a compound annual growth rate (CAGR) of 5.5%. Factors such as worldwide cuisine adoption, enhanced health benefits, urban spread, hectic lifestyle, growing dispensable income, and global trade growth can be connected to the growth experienced during the historic period.

What's the Projected Size of the Global Canned Seafood Market by 2029?
The future predicts a robust expansion in the canned seafood market, with expectations of it swelling to "$47.47 billion in 2029 at a compound annual growth rate (CAGR) of 6.3%. This surge during the projected period can be accredited to sustainability measures, transparent labeling trends, the boom in e-commerce, upscale product offerings, plant-based substitutes, and regulatory adherence. Key market trends for the future include packaging innovations, flavour enhancements, the popularity of ready-to-eat items, tailor-made and personalized options, and cultural impacts.

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Top Growth Drivers in the Canned Seafood Industry: What's Accelerating the Market?
The escalation in health issues, notably heart disease and diabetes, is anticipated to drive the upswing of the canned seafood market in the future. Heart disease, which involves conditions impacting the heart or blood vessels, including coronary artery disease, congestive heart failure, heart rhythm irregularities, and others, can be potentially managed through the consumption of canned seafood. Omega-3 fatty acids, known for their health benefits such as anti-inflammatory properties, reduced triglycerides, minor lowering of blood pressure, decreased blood clotting, lower risk of strokes and heart failure, as well as reduced irregular heartbeats, are abundant in canned seafood. This can help combat chronic diseases like heart disease and diabetes. For example, data released by the British Heart Foundation in September 2024 reported that around 7.6 million individuals in the UK alone suffer from heart and circulatory diseases, which includes approximately 4 million men and 3.6 million women. These conditions cause about 27% of all deaths in the country, accounting for more than 170,000 deaths annually, or roughly 480 deaths daily, which translates to a death every three minutes. Furthermore, in June 2024, the National Health Service revealed in their latest National Diabetes Audit that 3,615,330 individuals registered with a GP had been diagnosed with non-diabetic hyperglycaemia, often known as pre-diabetes, in 2023-an increase from 3,065,825 in 2022. Hence, the increase in health problems like heart disease and diabetes act as catalysts for the upward trajectory of the canned seafood market.

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What Trends Will Shape the Canned Seafood Market Through 2029 and Beyond?
Product innovation is an increasing trend that stands out in the canned seafood market. Dominant market participants engaged in the canned seafood industry are dedicating their resources to unveil creative products to fortify their market dominance. Notably, in July 2023, Wild Planet Foods, a renowned American canned seafood firm, introduced sustainably harvested seafood products. The newly launched items include Skipjack Solid Light Wild Tuna in Pure Olive Oil, a product that is 100% pole & line caught, hand-cut, and paired with sea salt and olive oil, providing a silky feel and potent tuna taste with low mercury content. The Wild Smoked Pink Salmon in Extra Virgin Olive Oil originates from the Northeast Pacific and is smoked using alder wood, giving it a lovely, smoky touch, making it ideal for bagels or nibbles. Meanwhile, the Wild Smoked Mackerel Fillets in Extra Virgin Olive Oil are processed after sustainable sourcing from the North Atlantic and Eastern Pacific, promising an excellent taste with olive oil and sea salt. The Wild Pink Salmon 3-Pack contains salmon that is skinless and boneless, sourced from small fisheries in Alaska and British Columbia, making it perfect for quick salad or seafood plate preparations. Lastly, the Wild Tuna Quinoa Salad Ready-To-Eat Meal merges skipjack tuna with organic quinoa, sweetcorn, zucchini, and peas, rendering a healthful, ready-to-consume meal that offers both convenience and sustainability.

What Are the Main Segments in the Canned Seafood Market?
The canned seafood market covered in this report is segmented -

1) By Type: Canned Fish, Canned Mollusks, Canned Crustaceans, Canned Cephalopods
2) By Distribution channel: Hyper markets and Super markets, Convenience stores, Independent grocery stores, Specialty stores, Online retail
3) By End User: Households, Commercial

Subsegments:
1) By Canned Fish: Tuna, Salmon, Sardines, Mackerel, Anchovies
2) By Canned Mollusks: Clams, Oysters, Scallops, Mussels
3) By Canned Crustaceans: Shrimp, Crab, Lobster, Prawns
4) By Canned Cephalopods: Squid, Octopus, Cuttlefish

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Which Top Companies are Driving Growth in the Canned Seafood Market?
Major 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., Universal Canning Incorporated, Tri Marine Group, Mowi ASA, Sajo Industries Co. Ltd., Nueva Pescanova S.L, Royal Greenland A/S, The Calvo Group, Austevoll Seafood ASA, Marine Harvest ASA, Nippon Suisan Kaisha Ltd., Century Pacific Food Inc., Bolton Group, OKAM, John West Foods, Clover Leaf Seafoods Company, Brunswick Seafood, Chicken of the Sea, Empresas Aquachile SA, Gomes da Costa, Empress International Ltd.

Which Regions Will Dominate the Canned Seafood Market Through 2029?
Europe was the largest region in the canned seafood market in 2024. South America is expected to be the fastest-growing region in the global canned seafood market during the forecast period. The regions covered in the canned seafood market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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