Global Canned Seafood Market, By Product (Tuna, Salmon, Sardines, Prawns, Shrimps, Other Seafood’s), Distribution Channel (Store-Based, Non-Store-Based), Type (Canned Fish, Canned Shrimp, Canned Prawns, Other Types), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, U.A.E, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Canned Seafood Market
The canned seafood market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to reach at an estimated value of USD 54.77 billion by 2028 and grow at a CAGR of 12.40% in the above-mentioned forecast period. Rise in the demand for ready-to-eat seafood products, due to changing lifestyle and demand for on-the-go foods acts as an essential factor driving the canned seafood market.
Canning is defined as a method of preserving food in which food contents are processed and sealed in an airtight container. Canning is extensively considered as the easiest way to extend shelf life of food products while maintaining proper vitamin and protein contents. Canning is basically done to enhance the shelf life which typically ranges from one to five years, although under specific circumstances it can be much longer.
Rise in the innovations in fish farming techniques along with developments in canning procedures is a vital factor escalating the market growth, also rise in the adoption of sustainable fish farming techniques adopted by the manufacturers, rise in the demand for ready to eat exotic products in the economy and increase in the disposable income are the major factors among others driving the canned seafood market. Moreover, rise in the research and development activities and increase in the modernization in the new products offered in the market will further create new opportunities for the canned seafood market in the forecast period of 2021- 2028.
However, rise in the usage of preservatives in some canned foods, can cause health issues in individuals if consumed in high quantities which acts as the major factors among others acting as a restraint, and will further challenge the canned seafood market in the forecast period.
This canned seafood market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the canned seafood market contact Data bridge market research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Canned Seafood Market Scope and Market Size
The canned seafood market is segmented on the basis of product, distribution channel and type. The growth among various segments helps in the better analyzation of growth and strategies for better vision of market.
- On the basis of product, the canned seafood market is segmented into tuna, salmon, sardines, prawns, shrimps and other seafood’s.
- Based on distribution channel, the canned seafood market is segmented into store-based and non-store-based.
- The canned seafood market is also segmented on the basis of type into canned fish, canned shrimp, canned prawns and other types.
Canned Seafood Market Country Level Analysis
The canned seafood market is analysed and market size insights and trends are provided by country, product, distribution channel and type as referenced above.
The countries covered in canned seafood market are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific dominates the canned seafood market due to high demand for ready to eat meals and seafood products, rise in the demand for high shelf life seafood products and rise in the adoption of sustainable fish farming techniques adopted by the manufacturers in this region.
The country section of the canned seafood market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Canned Seafood Market Share Analysis
The canned seafood market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to canned seafood market.
The major players covered in the canned seafood market report are Bumble Bee Foods, LLC, StarKist Co, NISSUI, Maruha Nichiro Corporation, Icicle Seafoods, Inc., LDH (La Doria) Ltd, Wild Planet Foods, Thai Union Group PCL, American Tuna, Universal Canning Incorporated and Trident Seafoods Corporation among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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