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Market Overview
The global canned seafood market size was USD 48.94 billion in 2022. The market is set to rise from USD
51.67 billion in 2023 to USD 76.69 billion by 2030 at a CAGR of 5.80% during
2023-2030.
The market is likely to grow in the next few years because more
consumers prefer clean-label products, as they are becoming more aware of
climate change and sustainability. Major companies are responding by making
clean-label goods and launching sustainable canned seafood, which will help
drive this market growth.
Fortune Business Insights presents this information in their report
titled "Canned Seafood Market, 2023–2030."
Get A Free Sample Research PDF: https://www.fortunebusinessinsights.com/enquiry/sample/canned-seafood-market-103806
List of Key Players Profiled in the Market Report
Segments
Increasing Tuna Fish Consumption due to Its Higher Availability to Fuel
Segment Growth
The market is divided by species into tuna, salmon, sardines, mackerel,
and others. Tuna holds the largest share of the canned seafood market. This is
because tuna consumption is rising, thanks to its high availability in over 70
countries.
Increased Accessibility of Various Products to Foster Retail Segment
Growth
The market is split into two main distribution channels: HoReCa (hotels,
restaurants, and cafes) and retail. The retail segment includes
supermarkets/hypermarkets, specialty stores, convenience stores, and online
retail. Supermarkets and hypermarkets have the largest market share because
they offer a wide variety of products. However, online retail is expected to
grow the fastest due to rapid technological advancements.
Geographically, the market is divided into North America, South America,
Europe, the Middle East & Africa, and Asia Pacific.
Source: https://www.fortunebusinessinsights.com/canned-seafood-market-103806
Report Coverage
The market research report provides an in-depth analysis of the market,
highlighting key areas such as competition and leading product categories. It
offers useful insights into market trends and significant industry developments.
Additionally, the report examines various factors that have recently
contributed to market growth.
Drivers and Restraints
Surging Investments in Aquaculture Production Advancements to Accelerate
Market Growth
Growing consumer awareness about healthy living has led to higher demand
for seafood, pushing major producers to increase their output. However,
challenges like climate change and government fishing restrictions to prevent
overfishing are making it hard for manufacturers to catch more fish. To address
this, major companies are investing in advanced aquaculture methods, which are
expected to drive future market growth. The fast-developing aquaculture
industry is also contributing to market expansion. Despite this, the shortage
of raw materials due to overfishing is holding back market growth.
Regional Insights
Increase in per Capita Consumption to Propel Market Growth in Asia
Pacific
The market in Asia Pacific was valued at USD 27.54 billion in 2022. An
increase in per capita consumption in China, India, and other countries is
driving market growth in the region. The growth is attributed to the seafood
being considered as one of the staple foods in the countries.
The significant market growth in Europe is driven by the increased
seafood consumption rate in France, Italy, Spain, the U.K., and other
countries. Growing consumer preference for cooking food is driving market
growth in the region.
Competitive Landscape
Key Market Players Emphasizing Product Innovations to Maintain Their
Competitive Edge
Top companies in the market are focusing on sustainable development and
forming partnerships to increase production and meet demand. For example, in
May 2019, Nippon Suisan Kaisha Ltd. announced a new plan to optimize production
and increase output.
Key Industry Development
Market Overview
The global canned seafood market size was USD 48.94 billion in 2022. The market is set to rise from USD
51.67 billion in 2023 to USD 76.69 billion by 2030 at a CAGR of 5.80% during
2023-2030.
The market is likely to grow in the next few years because more
consumers prefer clean-label products, as they are becoming more aware of
climate change and sustainability. Major companies are responding by making
clean-label goods and launching sustainable canned seafood, which will help
drive this market growth.
Fortune Business Insights presents this information in their report
titled "Canned Seafood Market, 2023–2030."
Get A Free Sample Research PDF: https://www.fortunebusinessinsights.com/enquiry/sample/canned-seafood-market-103806
List of Key Players Profiled in the Market Report
Segments
Increasing Tuna Fish Consumption due to Its Higher Availability to Fuel
Segment Growth
The market is divided by species into tuna, salmon, sardines, mackerel,
and others. Tuna holds the largest share of the canned seafood market. This is
because tuna consumption is rising, thanks to its high availability in over 70
countries.
Increased Accessibility of Various Products to Foster Retail Segment
Growth
The market is split into two main distribution channels: HoReCa (hotels,
restaurants, and cafes) and retail. The retail segment includes
supermarkets/hypermarkets, specialty stores, convenience stores, and online
retail. Supermarkets and hypermarkets have the largest market share because
they offer a wide variety of products. However, online retail is expected to
grow the fastest due to rapid technological advancements.
Geographically, the market is divided into North America, South America,
Europe, the Middle East & Africa, and Asia Pacific.
Source: https://www.fortunebusinessinsights.com/canned-seafood-market-103806
Report Coverage
The market research report provides an in-depth analysis of the market,
highlighting key areas such as competition and leading product categories. It
offers useful insights into market trends and significant industry developments.
Additionally, the report examines various factors that have recently
contributed to market growth.
Drivers and Restraints
Surging Investments in Aquaculture Production Advancements to Accelerate
Market Growth
Growing consumer awareness about healthy living has led to higher demand
for seafood, pushing major producers to increase their output. However,
challenges like climate change and government fishing restrictions to prevent
overfishing are making it hard for manufacturers to catch more fish. To address
this, major companies are investing in advanced aquaculture methods, which are
expected to drive future market growth. The fast-developing aquaculture
industry is also contributing to market expansion. Despite this, the shortage
of raw materials due to overfishing is holding back market growth.
Regional Insights
Increase in per Capita Consumption to Propel Market Growth in Asia
Pacific
The market in Asia Pacific was valued at USD 27.54 billion in 2022. An
increase in per capita consumption in China, India, and other countries is
driving market growth in the region. The growth is attributed to the seafood
being considered as one of the staple foods in the countries.
The significant market growth in Europe is driven by the increased
seafood consumption rate in France, Italy, Spain, the U.K., and other
countries. Growing consumer preference for cooking food is driving market
growth in the region.
Competitive Landscape
Key Market Players Emphasizing Product Innovations to Maintain Their
Competitive Edge
Top companies in the market are focusing on sustainable development and
forming partnerships to increase production and meet demand. For example, in
May 2019, Nippon Suisan Kaisha Ltd. announced a new plan to optimize production
and increase output.
Key Industry Development
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