Global Canned Seafood Market Size 2024, Forecast To 2033
6 Mar, 2024
The canned seafood market size has grown strongly in recent years. It will grow from $33.4 billion in 2023 to $35.27 billion in 2024 at a compound annual growth rate (CAGR) of 5.6%. The growth in the historic period can be attributed to globalization of cuisine, increased health benefits, urbanization, busy lifestyles, rising disposable income, global trade. The canned seafood market size is expected to see strong growth in the next few years. It will grow to $44.26 billion in 2028 at a compound annual growth rate (CAGR) of 5.8%. The growth in the forecast period can be attributed to sustainability practices, clean label movement, e-commerce growth, premiumization of products, plant-based alternatives, regulatory compliance. Major trends in the forecast period include innovation in packaging, flavor innovation, ready-to-eat products, customization and personalization, cultural influences.
Global Canned Seafood Market Key Driver
The rise in health problems like heart disease and diabetes is expected to propel the growth of the canned seafood market going forward. Heart disease refers to a type of condition that affects the heart or blood vessels such as coronary artery disease, congestive heart failure, heart rhythm problems, and others. Canned seafood is a rich source of omega-3 fatty acids which offer health benefits such as anti-inflammatory properties, decreased triglycerides, lowered blood pressure slightly, reduced blood clotting, decreased risk of strokes and heart failure, and reduced irregular heartbeats that is associated with a range of chronic diseases, including heart disease and diabetes. For instance, in April 2023, according to the British Heart Foundation, a UK-based cardiovascular research charity, In the UK, one in eight men and one in fourteen women died from coronary heart disease. Furthermore, for instance, in December 2021, according to the International Diabetes Federation, a Belgium-based diabetes community approximately 537 million adults are suffering from diabetes globally, whereas 3 out of 4 adults are in low- and middle-income countries. Therefore, the rise in health problems like heart disease and diabetes drives the growth of the canned seafood market.
Get A Free Sample Of The Global Canned Seafood Market ReportGlobal Canned Seafood Market Segments
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: Hypermarkets and Supermarkets, Convenience stores, Independent grocery stores, Specialty stores, Online retail
3) By End User: Households, Commercial
By Geography:The regions covered in the canned seafood market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
Europe was the largest region in the canned seafood market in 2023. 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
Major Canned Seafood Industry Players
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.
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Canned Seafood Market Overview
Canned seafood refers to professionally prepared seafood that has been processed, sealed in a hermetic container for human consumption. It is used for providing a convenient and affordable source of protein, omega-3 fatty acids, vitamins, and minerals that can be used in a variety of dishes.
Canned Seafood Global Market Report 2023 provides data on the global canned seafood market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The canned seafood market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.