Overview
Canned seafood is made by removing the fish out of its water and then freezing it. After that, it is packed into cans, which are usually referred to as cans or boxes. Popular foods are salmon, cod, mussels, haddock, trout, haddock, sardines, salmon roe, and crab meat. The global canned seafood market focuses on six regions namely North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. The global canned seafood market is expected to witness significant growth during the forecast period, owing to increasing affordability worldwide.
Market Drivers
Increasing popularity of ready-to-eat seafood products is expected to drive growth of the global canned seafood market during the forecast period. The demand for ready-to-eat seafood products has increased significantly over the years due to convenience and affordability. Seafood is an excellent source of nutrients, vitamins, and omega 3s that are essential for brain development, a healthy heart, and strong bones. Since ready-to-eat seafood is easily available in any supermarket and convenience stores, the popularity of these products is increasing rapidly. Besides, key industry players are launching novel products to gain a significant edge in the market. For instance, in March 2018, Grupo Nueva Pescanova introduced three new ready-to-eat products namely Argentine red shrimp on skewers, white shrimp skewers, and a combo of Argentine shrimp and mahi-mahi skewers. Thus, these factors are expected to drive growth of the global canned seafood market during the forecast period. Moreover, increasing affordability worldwide is expected to boost the global canned seafood market growth over the forecast period.
Market Restraints
Concerns regarding brand sensitivity and lack of capital investment are expected to hinder the global canned seafood market growth over the forecast period.
Regional Insights
Among regions, Asia Pacific is expected to witness significant growth in the global canned seafood market during the forecast period. This is owing to high demand for ready-to-eat meals and seafood products in the region. Furthermore, Europe is expected to register a robust growth rate over the forecast period, owing to improving purchase power of consumers in the region.
Key players operating in the global canned seafood market are Tri Marine International, Mark Foods Inc., High Liner Foods, Gomes da Costa, Mazzetta Company, CamilAilmentos, and Oceana Group.
For instance, in July 2019, Princes Group, a subsidiary of Mitsubishi Corporation, introduced two new fish-based products Tuna in Chilli Oil and Tuna n Olive Oil.
In the world economic growth, the Canned Seafood industry has also suffered a certain impact, but still maintained a relatively optimistic growth, the past four years, Canned Seafood market size to maintain the average annual growth rate of XXX from XXX million $ in 2014 to XXX million $ in 2019, SMI analysts believe that in the next few years, Canned Seafood market size will be further expanded, we expect that by 2024, The market size of the Canned Seafood will reach XXX million $.
This Report covers the manufacturers' data, including: shipment, price, revenue, gross profit, interview record, business distribution etc., these data help the consumer know about the competitors better. This report also covers all the regions and countries of the world, which shows a regional development status, including market size, volume and value, as well as price data.
Besides, the report also covers segment data, including: type segment, industry segment, channel segment etc. cover different segment market size, both volume and value. Also cover different industries clients information, which is very important for the manufacturers. If you need more information, please contact SMI
Section 1: Definition
Section (2 3): Manufacturer Detail
Tri Marine International
High Liner Foods
Mazetta Company
Oceana Group
CamilAilmentos
Gomes da Costa
Mark Foods Inc
Section 4: Region Segmentation
North America Country (United States, Canada)
South America
Asia Country (China, Japan, India, Korea)
Europe Country (Germany, UK, France, Italy)
Other Country (Middle East, Africa, GCC)
Section (5 6 7):
Product Type Segmentation
Canned Fish
Canned Shrimp
Industry Segmentation
Supermarket
Food Store
Online Sales
Channel (Direct Sales, Distributor) Segmentation
Section 8: Trend (2019-2024)
Section 9: Product Type Detail
Section 10: Downstream Consumer
Section 11: Cost Structure
Section 12: Conclusion
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