Canned Seafood Market size was valued at US$ 31.18 Bn US$ in 2022 and is expected to reach 40.48 Bn in 2029. The Global Canned Seafood Market is expected to grow at a CAGR of 3.8% through the forecast period.

Market Values

The Global Canned Seafood Market, valued at US$ 31.18 billion in 2022, is anticipated to reach US$ 40.48 billion by 2029, reflecting a steady growth trajectory with a Compound Annual Growth Rate (CAGR) of 3.8% throughout the forecast period.

Report Scope

The report delves into the comprehensive analysis of the Canned Seafood Market, providing insights into market dynamics, emerging trends, regional variations, and competitive landscapes. The scope covers product segmentation, distribution channels, and addresses challenges and trends shaping the industry.

Research Methodology

Our in-depth analysis is based on a robust research methodology, combining qualitative and quantitative approaches. The study includes extensive market surveys, interviews with industry experts, and a thorough examination of primary and secondary data sources to ensure accuracy and reliability in forecasting market trends.

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Dynamics

Health-Conscious Consumption Driving Market Growth

The report highlights the increasing health consciousness among consumers, leading to a surge in the demand for nutritious and convenient food options. Canned Seafood, rich in essential fatty acids, proteins, minerals, and vitamins, caters to this demand by providing a ready-to-eat, shelf-stable solution. The market dynamics emphasize the role of canned seafood in reducing the risk of health issues, including heart disease and cancer.

Sustainable Practices and Eco-Friendly Packaging

Consumer preferences for sustainable and eco-friendly practices are driving companies to adopt environmentally conscious approaches. The report explores the industry’s response to this demand, with a focus on sustainable fishing practices, eco-friendly packaging, and brands actively promoting sustainability initiatives.

Regional Insights

Asia Pacific Dominates with 46.2% Market Share

The report provides regional insights, with the Asia Pacific region leading the market with a dominant 46.2% share in 2022. The high demand for seafood and ready-to-eat products, coupled with the presence of major key players, contributes to the region’s market dominance. Europe follows as the second-largest market, accounting for 32.8% of the market share in 2022.

Segment Analysis

Tuna Holds Largest Market Share; Supermarkets & Hypermarkets Lead Distribution Channels

The report segments the market based on products, with Tuna holding the largest market share. Tuna’s high protein content and health benefits contribute to its significant market presence. In terms of distribution channels, Supermarkets & Hypermarkets hold the largest share, driven by packaging convenience and processed fish and seafood availability.

Competitive Landscape

The Canned Seafood Market is highly competitive, with the top 10 companies holding 81.82% of the market share. Key players focus on extensive distribution networks, brand recognition, and continuous product innovation to meet evolving consumer preferences. The study highlights the dynamic competitive landscape, showcasing industry leaders’ efforts to stay at the forefront of market trends.

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Canned Seafood Market  Segmentation:

by Product Type

Tuna
Salmon
Sardines
Prawns
Shrimp
other seafood

by Distribution channel

Supermarkets & Hypermarkets
Convenience Stores
Online Stores
Others

Canned Seafood Market  Key Players:

North America
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)
13. The Calvo Group (Guam)
14. Royal Greenlands (Greenland)
15. Scout Canning (US)
Europe
1. Connors Bros Ltd. (U.K)
2. LDH (La Doria) Ltd (Italy)
3. Nueva Pescanova (Spain)
4. Marine Harvest (Norway)
Asia Pacific
1. Dongwon Industries (South Korea)
2. Sajo Industries (South Korea)
3. Simon Peter Fish & Meat Company (India)
4. SANTHI Fisheries (India)
5. Metarch Exports (India)
6. Nippon Suisan Kaisha Ltd.(Japan)
7. Maruha Nichiro Corporation (Japan)
8. Thai Union Group (Thailand)
South America
1. AquaChile (Chile)

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Table of content for the  Canned Seafood Market  includes:

1. Global  Canned Seafood Market  : Research Methodology
2. Global Canned Seafood Market  : Executive Summary

• Market Overview and Definitions
• Introduction to the Global Market
• Summary
• Key Findings
• Recommendations for Investors
• Recommendations for Market Leaders
• Recommendations for New Market Entry

3. Global Canned Seafood Market  : Competitive Analysis

• MMR Competition Matrix
• Market Structure by region
• Competitive Benchmarking of Key Players
• Consolidation in the Market
• MA by region
• Key Developments by Companies
• Market Drivers
• Market Restraints
• Market Opportunities
• Market Challenges
• Market Dynamics
• PORTERS Five Forces Analysis
• PESTLE
• Regulatory Landscape by region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
• COVID-19 Impact

4. Company Profile: Key players

• Company Overview
• Financial Overview
• Global Presence
• Capacity Portfolio
• Business Strategy
• Recent Developments

Key Offerings:

• Past Market Size and Competitive Landscape
• Past Pricing and price curve by region
• Market Size, Share, SizeandForecast by different segment | 20232029
• Market Dynamics Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation A detailed analysis by growth and trend
• 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
• PORTERs analysis
• Value chain and supply chain analysis
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis
• Recommendations