Canned Seafood Market Size was esteemed at USD 24.32 billion out of 2022 and is supposed to arrive at USD 40.87 billion by 2030, and develop at a CAGR of 6.7% over the forecast period 2023-2030.
Canned fish is exceptionally consumed by the customer because of its dietary properties. It is plentiful in proteins, nutrients, and starches, and contains low trans-fat. It very well may be stocked up for a more extended period and simple to store. It is given with all relevant info about the item’s fixings and expiry date. Fish like fish and bluefish are profoundly liked by the buyers since it is valuable and liked for a decent eating regimen.
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The rising ubiquity of prepared-to-eat fish items because of progress in the conveyance framework is expected to drive business development. According to the Food and Agriculture Organization of the United Nations, Canned Tune imports in the U.S. expanded by 15% in 2020. Likewise, factors, for example, changing ways of life combined with expanding reasonableness are probably going to drive the business' development over the following eight years. The interest in canned fish soared during the COVID-19 pandemic, particularly among the customers that are not enamored with preparing food. Customers pursuing the direction of work-from-home or remaining at home favored canned food as it is not difficult to get ready and takes insignificant time. Moreover, eateries confined administrations to keep away from an expansion in Covid cases, so shoppers cooked at home, expanding canned fish utilization.
Driving Factors:
An expansion in fast urbanization.
Changes in way of life.
Restraining Factors:
Seafood is exceptionally trustworthy on the climate.
Opportunities:
Increment of prepared to eat food.
Expansion being used of the web and cell phone and ascend in discretionary cash flow.
Challenges:
Standard utilization of canned food can likewise make issues for the body.
The food and drink market is impacted by COVID-19. There is an expansion in the interest for food items; in any case, the stockpile of such items has diminished because of different reasons. The lockdown and the movement limitations have impacted the store network. Individuals are moving toward web-based shopping because of social removal.
We consistently screen and update write about political and financial vulnerability because of the Russian attack on Ukraine. Adverse consequences are essentially predicted worldwide, particularly across Eastern Europe, European Union, Eastern and Central Asia, and the United States. This conflict has seriously impacted lives and occupations and addresses broad disturbances in exchange elements. The possible impacts of progressing war and vulnerability in Eastern Europe are supposed to antagonistically affect the world economy, with particularly long-haul brutal consequences for Russia.
By Product Type:
The fish portion held the biggest piece of the pie and is supposed to keep up with strength during the gauge time frame because of the overwhelming utilization of prepared dinners among average individuals all over the planet. Further, the section is supposed to develop because of new item dispatches. For example, in August 2021, Mind Fish Co. sent off the main Fair Trade Certifiedä canned fish item accessible for buy in the North American market. As a convenient tidbit, canned sardines have become more famous than new ones since they needn't bother with to be cooked. By this, makers are sending off extraordinary item variations to broaden their portfolio and draw in an enormous buyer base.
By Distribution Channel:
Retail was the biggest dissemination channel, with a piece of the pie. This channel incorporates grocery stores, hypermarkets, corner shops, supermarkets, and nearby shops. The rising number of these stores across different districts has encountered a flood in the circulation of canned fish on the lookout. Besides, simple admittance to such items in physical stores on a worldwide level is supposed to keep the force of the portion throughout the following couple of years. The food service dissemination channel is expected to enroll quicker development. The portion is ready to arise as a consistent wellspring of income during the conjecture time frame. Development in the utilization of canned fish in cafés and lodgings is probably going to drive development. Cafés, bistros, restaurants, and inns serve fish directly from canned because of the rising consciousness of sanitation among shoppers.
By End-User:
Fish are additionally well-known canned food varieties, with prawns being the champ. Around 70% of Americans have canned corn at home. Commercial cleansing implies that canned food is liberated from microorganisms that can repeat under room temperature and pathogenic microorganisms after going through appropriate intensity sanitization. A hermetical seal implies the fixed food compartment is under the condition of having the option to keep microorganisms from getting into it.
By Product Type:
Tuna
Salmon
Sardines
Prawns
Other Fish
Shrimps
Other Seafood
By End-User:
Households
Commercial
By Distribution Channel:
Supermarket & Hypermarket
Convenience Stores
Online Stores
Others
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
North America is supposed to observe significant development attributable to the rising prevalence of protein-rich eating regimens in the area. Deeply grounded appropriation channel and development of online deals vigorously add to the development of the market in the area. Europe is expected to show promising development credited to the rising utilization of fish to diminish the gamble of heart infections. The high satisfaction of polyunsaturated unsaturated fats in fish and different shellfishes has expanded their interest in shoppers. The Asia Pacific is projected to show promising development attributable to the flourishing food service area in the district. The arising society of feasting in bistros, bars, and cafés has driven the advancements in fish item contributions.
Companies covered in the Canned seafood market are AquaChile, Brunswick Seafood, Marine Harvest, Thai Union Group, Sajo Industries, Bumble Bee Seafoods, StarKist Co., Wild Planet Foods, Connors Bros Ltd., Tradient Seafood.
AquaChile-Company Financial Analysis
| Report Attributes | Details |
|---|---|
| Market Size in 2022 | US$ 24.32 Billion |
| Market Size by 2030 | US$ 40.87 Billion |
| CAGR | CAGR 6.7% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • by Product Type (Tuna, Salmon, Sardines, Prawns, Other Fish, Shrimps, Other Seafood) • by End User (Households, Commercial), by Distribution Channel (Supermarket & Hypermarket, Convenience Stores, Online Stores, Others) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, +D11UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | AquaChile, Brunswick Seafood, Marine Harvest, Thai Union Group, Sajo Industries, Bumble Bee Seafoods, StarKist Co., Wild Planet Foods, Connors Bros Ltd., Tradient Seafood |
| Key Drivers | •An expansion in fast urbanization. •Changes in way of life. |
| Market Restraints | •Seafood is exceptionally trustworthy on the climate. |
Ans: The Fish segment is projected to make a foothold in the worldwide Canned Seafood Market.
Ans: An expansion in fast urbanization and Expansion in the use of the web and cell phone and ascend in discretionary cash flow are the elements driving and resulting in opportunities for the Canned Seafood Market.
Ans: Product Type, Distribution Channel, and End-User segments are covered in the Canned Seafood Market.
Ans: Manufacturers, Research Institutes, university libraries, suppliers, and distributors of the product.
Ans: The Global Canned Seafood Market Size was esteemed at USD 22.8 billion out of 2021
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value chain analysis
6. Porter’s 5 forces model
7. PEST analysis
8. Global Canned Seafood Market segmentation, by Product Type
8.1 Tuna
8.2 Salmon
8.3 Sardines
8.4 Prawns
8.5 Other Fish
8.6 Shrimps
8.7 Other Seafood
9. Global Canned Seafood Market segmentation, by End-User
9.1 Households
9.2 Commercial
10. Global Canned Seafood Market segmentation, by Distribution channel
10.1 Supermarket & Hypermarket
10.2 Convenience Stores
10.3 Online Stores
10.4 Others
11. Global Canned Seafood Market, by region/ country
11.1 Introduction
11.2 North America
11.2.1 USA
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 France
11.3.4 Italy
11.3.5 Spain
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4 Asia-Pacific
11.4.1 Japan
11.4.2 South Korea
11.4.3 China
11.4.4 India
11.4.5 Australia
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.1 Israel
11.5.2 UAE
11.5.3 South Africa
11.5.4 Rest
11.6 Latin America
11.6.1 Brazil
11.6.2 Argentina
11.6.3 Rest of Latin America
12. Company profiles
12.1 AquaChile
12.1.1 Financial
12.1.2 Products/ Services Offered
12.1.3 Swot Analysis
12.1.4 The SNS View
12.2 Brunswick Seafood
12.3 Marine Harvest
12.4 Thai Union Group
12.5 Sajo Industries
12.6 Bumble Bee Seafoods
12.7 StarKist Co.
12.8 Wild Planet Foods
12.9 Connors Bros Ltd.
12.10 Tradient Seafood
13. Competitive Landscape
13.1 Competitive Bench Marking
13.2 Market Share Analysis
13.3 Recent Developments
14. Conclusion
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