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Global Canned Seafood Market Size, Share, Trends, Growth, Price, Forecast: By Type: Canned Fish, Canned Shrimp, Canned Prawns, Others; By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, Online Retail Stores, Others; Regional Analysis; Market Dynamics: SWOT Analysis; Competitive Landscape; 2024-2032
Global Canned Seafood Market Outlook
The global canned seafood market size reached approximately USD 32.52 billion in 2023. The market is further projected to grow at a CAGR of 4.8% between 2024 and 2032, reaching a value of USD 49.59 billion by 2032.
Key Trends in the Market
Canned seafood refers to seafood products such as shrimps, salmon, tuna, and sardines, among others that have been processed and sealed in an airtight container. Canning of seafood ensures that its nutritional value is preserved, and the shelf life is extended.
- Increased consumption of canned seafood due to its long shelf life along with the convenience offered by the product is a key trend aiding the canned seafood market growth. Canning of seafood eliminates the requirement for refrigeration and enables consumption right out of the container.
- The consumption of seafood is increasing with the growing requirement for healthy weight management. Various seafood products including tuna have significantly lower fat content and calories and are rich in proteins, making it a useful inclusion in weight loss and weight management diets. This, in turn, is favouring the canned seafood market demand.
- Introduction of delectable flavours including lemon pepper smoked shellfish, jalapeño-infused mackerel, and octopus in olive oil, among others, along with the adoption of modern marketing strategies by various canned seafood manufacturers and distributors is aiding the market expansion.
Market Analysis
On the basis of type, the canned seafood market segmentation includes canned fish, canned shrimp, and canned prawns, among others, with canned fish sub-divided by type into tuna, salmon, sardines, and mackerel, among others. Based on distribution channel, the market is categorised into supermarkets/ hypermarkets, convenience stores, and online retail stores, among others. On the basis of region, the market is classified into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global canned seafood market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- Thai Union Group Public Company Limited
- Bumble Bee Foods, LLC
- Century Pacific Food Incorporated
- Bolton Group S.r.l
- Dhofar Fisheries & Food Industries Company S.A.O.G
- StarKist Co
- Icicle Seafoods, Inc
- Others
Market Share by Type
As per the canned seafood market analysis, canned fish products comprising, tuna, salmon, sardines, and mackerel, among others, is expected to account for a significant portion of the market. Tuna in particular is a rich source of proteins and of the amino acid taurine, which helps in providing protection against heart diseases. Other nutritional benefits of seafood include high vitamin B content, that supports the nervous system and skin and high magnesium content that promotes brain function and bone strength. The convenience offered by canned fish products is enhancing the popularity of canned seafood among consumers.
Market Share by Region
The Asia Pacific region is expected to account for a significant canned seafood market share over the forecast period, owing to the increased utilisation of seafood in the preparation of regional cuisine along with the presence of a strong fishing industry. Furthermore, rising awareness about personal health and wellness is boosting the consumption of canned seafood as it is packed with proteins and good cholesterol and has significantly lower cost than fresh seafood.
Competitive Landscape
Thai Union Group Public Company Limited is a producer of seafood products and is headquartered in Samut Sakhon, Thailand. Their products include sardines, shrimps, salmon, pet food, tuna, mackerel, and prepared foods.
Bumble Bee Foods, LLC, headquartered in California, is known for speciality protein products and seafood. They have various brands under their wing including Clover Leaf, Beach Cliff, Wild Selections, and Snow’s, among others.
Century Pacific Food Incorporated is known for the distribution and sale of processed and canned fish products derived from milkfish, sardines, and tuna, among others. The company was established in 2013 and is headquartered in Metro Manila, Philippines.
Other market players include Bolton Group S.r.l, Dhofar Fisheries & Food Industries Company S.A.O.G, StarKist Co, and Icicle Seafoods, Inc, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Distribution Channel |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Canned Seafood Market Analysis
8.1 Key Industry Highlights
8.2 Global Canned Seafood Historical Market (2018-2023)
8.3 Global Canned Seafood Market Forecast (2024-2032)
8.4 Global Canned Seafood Market by Type
8.4.1 Canned Fish
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.1.3 Breakup by Type
8.4.1.3.1 Tuna
8.4.1.3.2 Salmon
8.4.1.3.3 Sardines
8.4.1.3.4 Mackerel
8.4.1.3.5 Others
8.4.2 Canned Shrimp
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Canned Prawns
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Others
8.5 Global Canned Seafood Market by Distribution Channel
8.5.1 Supermarkets/Hypermarkets
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Convenience Stores
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Online Retail Stores
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Others
8.6 Global Canned Seafood Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Canned Seafood Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Canned Seafood Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Canned Seafood Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Canned Seafood Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Canned Seafood Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Thai Union Group Public Company Limited
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Bumble Bee Foods, LLC
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Century Pacific Food Incorporated
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Bolton Group S.r.l
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Dhofar Fisheries & Food Industries Company S.A.O.G
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 StarKist Co
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Icicle Seafoods, Inc
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Canned Seafood Market: Key Industry Highlights, 2018 and 2032
2. Global Canned Seafood Historical Market: Breakup by Type (USD Billion), 2018-2023
3. Global Canned Seafood Market Forecast: Breakup by Type (USD Billion), 2024-2032
4. Global Canned Seafood Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2023
5. Global Canned Seafood Market Forecast: Breakup by Distribution Channel (USD Billion), 2024-2032
6. Global Canned Seafood Historical Market: Breakup by Region (USD Billion), 2018-2023
7. Global Canned Seafood Market Forecast: Breakup by Region (USD Billion), 2024-2032
8. North America Canned Seafood Historical Market: Breakup by Country (USD Billion), 2018-2023
9. North America Canned Seafood Market Forecast: Breakup by Country (USD Billion), 2024-2032
10. Europe Canned Seafood Historical Market: Breakup by Country (USD Billion), 2018-2023
11. Europe Canned Seafood Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Asia Pacific Canned Seafood Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Asia Pacific Canned Seafood Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Latin America Canned Seafood Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Latin America Canned Seafood Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Middle East and Africa Canned Seafood Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Middle East and Africa Canned Seafood Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Global Canned Seafood Market Structure
Key Questions Answered in the Report
The market reached a value of approximately USD 32.52 billion in 2023.
The market is projected to grow at a CAGR of 4.8% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 49.59 billion by 2032.
The major market drivers include rising demand for convenient food options and growing accessibility of canned seafood.
The key trends fuelling the growth of the market include increased consumption of canned seafood for weight management and introduction of delectable flavours by manufacturers.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The significant distribution channels include supermarkets/ hypermarkets, convenience stores, and online retail stores, among others.
The key players in the market are Thai Union Group Public Company Limited, Bumble Bee Foods, LLC, Century Pacific Food Incorporated, Bolton Group S.r.l, Dhofar Fisheries & Food Industries Company S.A.O.G, StarKist Co, and Icicle Seafoods, Inc, among others.
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