Market Values: The Global Canned Seafood Market witnessed a valuation of US$ 31.18 billion in 2022, and it is anticipated to reach US$ 40.48 billion by 2029. The market is poised to grow at a CAGR of 3.8% throughout the forecast period.
Report Scope: The report provides a comprehensive analysis of the global canned seafood market, offering insights into market dynamics, emerging trends, and regional influences. It covers key segments such as product types, distribution channels, and competitive landscape, providing valuable information for stakeholders and industry participants.
Research Methodology: The research methodology employed involves a rigorous analysis of market trends, consumer preferences, and industry dynamics. It includes both primary and secondary research methods, ensuring accuracy and reliability in the gathered data. The report presents a detailed understanding of the market's current state and its future outlook.
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Dynamics: The canned seafood market is experiencing significant growth, driven by rising awareness of health benefits, increasing demand for ready-to-eat and preservative-free food, and innovative product offerings. Sustainable practices and eco-friendly packaging are also shaping consumer preferences. However, challenges such as the high price of canned seafood and the popularity of minimally processed food are influencing market dynamics.
Regional Insights:
Asia Pacific: Dominating the market with a 46.2% share in 2022, the region is characterized by high demand for seafood and ready-to-eat products. Major key players contribute to the market's dominance by ensuring consistent availability of diverse canned seafood products.
Europe: The second-largest market with a 32.8% share in 2022, Europe reflects rich cultural diversity in its culinary traditions. The regional market caters to diverse preferences with a wide range of canned seafood products, influenced by local cuisines.
Market Segment Analysis:
Product: The market is segmented into Tuna, Salmon, Sardines, Prawns, Shrimp, and other seafood. Tuna holds the largest market share, driven by its high protein content and Omega 3 fatty acids. The shrimp segment is expected to grow rapidly due to its nutritional value and versatility in multiple cuisines.
Distribution Channel: Divided into Supermarkets & Hypermarkets, Convenience Stores, Online Stores, and Others. Supermarkets & Hypermarkets lead with the largest market share, driven by convenient packaging and processed fish and seafood. Online stores are anticipated to contribute to market growth with discounts, home delivery, and safe packaging.
Competitive Landscape: The canned seafood market is highly competitive, with the top 10 companies holding 81.82% of the market share. These companies leverage extensive distribution networks, brand recognition, and diverse product portfolios. Continuous product innovation caters to changing consumer preferences and niche markets within the industry.
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What is Canned Seafood Market Segmentation?
by Product Type
Tuna
Salmon
Sardines
Prawns
Shrimp
other seafood
by Distribution channel
Supermarkets & Hypermarkets
Convenience Stores
Online Stores
Others
Who are 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)
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Table of content for the Canned Seafood Market includes:
- Global Canned Seafood Market : Research Methodology
- 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
- Global Canned Seafood Market : Competitive Analysis
- MMR Competition Matrix
- Market Structure by region
- Competitive Benchmarking of Key Players
- Consolidation in the Market
- M&A 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
- Company Profile: Key players
- Company Overview
- Financial Overview
- Global Presence
- Capacity Portfolio
- Business Strategy
- Recent Developments
Key Offerings:
- Past Market Size and Competitive Landscape
- Canned Seafood Market Size, Share, Size & Forecast by different segment |
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Canned Seafood Market Segmentation – A detailed analysis by Product
- 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
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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