Global Canned Seafood Market Trends, Forecast 2023 – 2033
According to a research report published by Spherical Insights & Consulting, the Global Canned Seafood Market Size Expected to Grow from USD 31.5 Billion in 2023 to USD 44.6 Billion by 2033, at a CAGR of 3.54% during the forecast period 2023-2033.
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Canned seafood is sometimes defined as seafood which has been processed and packed into sealed containers. They are an enriched ration of proteins, vitamins, omega-3 fatty acids, and minerals that help to raise the power level of immunity. The canned varieties are really useful in various cooking applications, with the added advantage of portability and versatility. It becomes an almost ubiquitous ingredient in salads, sandwiches, pastas, and casseroles and immediately provides busy consumers with a quick source of protein. Furthermore, it is widely used in stews, soups, and seafood spreads. Canned seafood is easy to use and has a long shelf life as it is highly used in restaurants, homes, and food producers, especially in those areas where fresh seafood cannot be found easily. However, an increasing number of e-commerce sites has given a firm push to the growth of the canned-seafood market. Canned seafood is much cheaper than frozen seafood, and the ready availability of a diverse array in most retail outlets, coupled with being easy to buy, easy to cook, has impacted customer demand. However, fishery has been adversely affected by the climate change for deceleration in demand for canned seafood. High initial costs for the construction and operation of cleanroom facilities may limit market growth.
Browse key industry insights spread across 230 pages with 110 Market data tables and figures & charts from the report on the Global Canned Seafood Market Size, Share, and COVID-19 Impact Analysis, By Product (Fish and Shellfish), By Distribution Channel (Food Service and Retail), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.
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The fish segment accounted for the largest share of the market during the forecast period.
Based on the product, the global canned seafood market is categorized into fish and shellfish. Among these, the fish segment accounted for the largest share of the market during the forecast period. The growth is driven due to fish being a rich source of omega-3 fatty acids, high-quality proteins, and essential vitamins and minerals such as vitamin D and vitamin B12. Some fish species known for being rich in omega-3 fatty acids are tuna, salmon, sardines, and mackerel. Currently, the kippered shellfish market is experiencing the fastest growth given their many uses in traditional and contemporary cuisine.
The retail segment is expected to drive the growth of the market over the forecast period.
Based on the distribution channel, the global canned seafood market is categorized into food service and retail. Among these, the retail segment is expected to drive the growth of the market over the forecast period. The segmental growth is due to the Increasing consumer demand for ready-made, healthy meals is one of the factors contributing to rising retail sales of canned fish. More people lead busy lifestyles and want meals that do not compromise on the quality and health benefits. Fortunately, canned seafood abounds in protein and omega-3 fatty acids, which perfectly meets the need. Retailers have realized that trend and now offer a wider variety of canned seafood, from cheap tuna in tins to more expensive mackerel and sardines. The purpose is to make these items available to health-conscious consumers looking for a range of shelf-stable commodities that are easy to stock and prepare in everyday cooking.
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North America is projected to hold the largest share of the global canned seafood market over the forecast period.
North America is projected to hold the largest share of the global canned seafood market over the forecast period. This region has favorable climate conditions; it drives people with high purchasing power, hence contributing largely to the market growth. This canned seafood, in particular tuna, salmon, and sardines, provides consumers with a simple and easy way of enriching their diets with these essential nutrients as they increasingly look for more convenient and nutrient-packed food substitutes. The other contributor to increasing demand is that diets like the Mediterranean and pescatarian are becoming more accepted.
Asia Pacific is expected to grow at the fastest CAGR of the global canned seafood market during the forecast period. Stringent regulations governing the manufacture, distribution, and packaging of high-quality products are bolstering cleanroom technology. The Asia Pacific market is likely to earn high revenue owing to the technological innovations and product portfolio enhancements from several of the leading players.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the global canned seafood market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Major vendors in the global canned seafood market are H.J. Heinz Company, Gomes da Costa, Bonduelle Group, Kazyonnyy Produkty, Nippon Suisan Kaisha, Ltd., Clover Leaf Seafoods Corp., Empresas AquaChile S.A., Tri Marine International Inc., Dongwon Industries Co., Ltd., Marine Harvest ASA, Maruha Nichiro Corporation, Bolton Group International, Ocean Brands GP, Brunswick Corporation, Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Key Market Development
- In October 2024, Bumble Bee Foods recently introduced a range of new canned, pouched, and kit types of fish products being well-known shelf-stable seafood providers in the US.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global canned seafood market based on the below-mentioned segments:
Global Canned Seafood Market, By Product
- Fish
- Shellfish
Global Canned Seafood Market, By Distribution Channel
- Food service
- Retail
Global Canned Seafood Market, By Regional
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
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About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm that provides actionable market research study, quantitative forecasting, and trends analysis provides forward-looking insight especially designed for decision-makers and aids ROI.
Which caters to different industries such as financial sectors, industrial sectors, government organizations, universities, non-profits, and corporations. The company’s mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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