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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 expected to expand in the coming years as more people
choose products with clear labels, especially those that are eco-friendly. Big
companies are stepping up by creating these products and introducing
sustainable canned seafood, which will boost this 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 divided into two main groups: places where people eat and
drink (like hotels, restaurants, and cafes) and stores. Stores include big
supermarkets, specialty shops, small convenience stores, and online shops. Big
supermarkets and hypermarkets are the biggest because they have a lot of
different products. But, online shops are growing the quickest because of new
technology.
The market is also spread out across different areas of the world: 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 gives a detailed look at the market, focusing
on competition and top product types. It offers helpful information on market
trends and important changes in the industry. The report also looks at
different things that have helped the market grow recently.
Drivers and Restraints
Surging Investments in Aquaculture Production Advancements to Accelerate
Market Growth
More people are learning about healthy eating, which means they want to
buy more seafood. This is making big seafood companies work harder to produce
more. But, problems like climate change and rules from the government about
fishing to stop overfishing are making it difficult for these companies to
catch more fish. To solve this, big companies are putting money into new ways
of farming seafood, which is expected to help the market grow even more. The
seafood farming industry is also growing quickly, which is helping the market
grow. However, the lack of fish due to overfishing is slowing down the growth
of the market.
Regional Insights
Increase in per Capita Consumption to Propel Market Growth in Asia
Pacific
The Asia Pacific market was worth $27.54 billion in 2022, growing due to
higher seafood consumption in countries like China and India, seen as a main
food. Europe's market is also expanding, mainly because of a rise in seafood
eating and a growing interest in cooking.
Competitive Landscape
Key Market Players Emphasizing Product Innovations to Maintain Their
Competitive Edge
Leading companies are working on being more eco-friendly and teaming up
to make more products and satisfy customer needs. For instance, in May 2019,
Nippon Suisan Kaisha Ltd. shared a plan to improve production and boost their
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 expected to expand in the coming years as more people
choose products with clear labels, especially those that are eco-friendly. Big
companies are stepping up by creating these products and introducing
sustainable canned seafood, which will boost this 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 divided into two main groups: places where people eat and
drink (like hotels, restaurants, and cafes) and stores. Stores include big
supermarkets, specialty shops, small convenience stores, and online shops. Big
supermarkets and hypermarkets are the biggest because they have a lot of
different products. But, online shops are growing the quickest because of new
technology.
The market is also spread out across different areas of the world: 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 gives a detailed look at the market, focusing
on competition and top product types. It offers helpful information on market
trends and important changes in the industry. The report also looks at
different things that have helped the market grow recently.
Drivers and Restraints
Surging Investments in Aquaculture Production Advancements to Accelerate
Market Growth
More people are learning about healthy eating, which means they want to
buy more seafood. This is making big seafood companies work harder to produce
more. But, problems like climate change and rules from the government about
fishing to stop overfishing are making it difficult for these companies to
catch more fish. To solve this, big companies are putting money into new ways
of farming seafood, which is expected to help the market grow even more. The
seafood farming industry is also growing quickly, which is helping the market
grow. However, the lack of fish due to overfishing is slowing down the growth
of the market.
Regional Insights
Increase in per Capita Consumption to Propel Market Growth in Asia
Pacific
The Asia Pacific market was worth $27.54 billion in 2022, growing due to
higher seafood consumption in countries like China and India, seen as a main
food. Europe's market is also expanding, mainly because of a rise in seafood
eating and a growing interest in cooking.
Competitive Landscape
Key Market Players Emphasizing Product Innovations to Maintain Their
Competitive Edge
Leading companies are working on being more eco-friendly and teaming up
to make more products and satisfy customer needs. For instance, in May 2019,
Nippon Suisan Kaisha Ltd. shared a plan to improve production and boost their
output.
Key Industry Development
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