Canned Seafood Market to Value $49.4 Bn by 2030, Says The Brainy Insights

Canned crustaceans, mollusks, and cephalopods are anticipated to expand at a faster CAGR during the forecast period. The production volume for the market illustrates a growing trend throughout the years owing to continuous demand.

Newark, Dec. 06, 2022 (GLOBE NEWSWIRE) — According to The Brainy Insights, the canned seafood market is growing at a CAGR of 5.8% from 2022-2030. The growth is attributed to the rising consumption of canned crustaceans and mollusks among consumers owing to their health benefits and government regulation of fishing. Further, canned seafood plays a significant role in the global seafood market as cans are robust and have a long shelf life. The nutritional value, flavor, and aroma of the contents are optimally preserved in canned. These advantages pay off for producers, retailers, and consumers.

Another factor propelling the demand for canned products is that metal packaging is also 100% recyclable without quality loss and can thus be reused after appropriate treatment. Moreover, canned seafood is affordable, last long, and is available in healthy varieties, with claims such as “no-added salt”, “organic”, and “low-sodium”.

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Canned seafood is becoming a major component in the daily diet of people owing to its unique texture and one-of-a-kind taste. The product is being increasingly adopted by households as well as commercial players involved in the food service industry. A large number of restaurants have been including a variety of tinned seafood in their menus and have been offering the same at affordable prices to cater to the growing demand from consumers.

Canned tuna, sardines, anchovies, salmons, and prawns are the major products that are being consumed worldwide. However, with growing awareness and interest to consume other varieties of seafood, demand for lobsters, mussels, clams, and others is also likely to propel in the upcoming years.

Key players are entering into joint ventures and acquisitions to stay ahead in this growing and competitive market. For instance, in March 2020, the US-based tuna giant Bumble Bee announced a joint venture with Gathered Foods, which is the parent company of plant-based seafood brand Good Catch. The two together are working on the sales, distribution, and logistics for the Good Catch brand.

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Key Players

  1. Wild Planet Foods, Inc.
  2. Tri Marine
  3. StarKist Co.
  4. Maruha Nichiro Corporation
  5. Nippon Suisan Kaisha, Ltd
  6. Thai Union Group
  7. Bumble Bee Foods, LLC
  8. American Tuna, Inc.
  9. Universal Canning Inc.
  10. Trident Seafoods Corporation

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Market Segmentation

  • Product Insights
    • Canned Fish
      • Tuna
      • Salmon
      • Sardines
      • Others
    • Canned Crustaceans, Mollusks and Cephalopods
      • Canned Crustaceans
        • Shrimps
        • Prawns
        • Others
      • Canned Mollusks
      • Canned Cephalopods
  • Distribution Channel Insights
    • Retail
    • Foodservice
  • Regional Insights
    • North America
        • US
        • Canada
    • Europe
        • UK
        • Germany
        • France
        • Italy
        • Spain
    • Asia Pacific
        • China
        • Japan
        • South Korea
        • Indonesia
        • Singapore
        • Thailand
    • Central and South America
        • Brazil
    • Middle East and Africa
        • South Africa

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About The Brainy Insights:

The Brainy Insights is a market research company, aimed at providing actionable insights through data analytics to companies to improve their business acumen. We have a robust forecasting and estimation model to meet the clients’ objectives of high-quality output within a short span of time. We provide both customized (clients’ specific) and syndicate reports. Our repository of syndicate reports is diverse across all the categories and sub-categories across domains. Our customized solutions are tailored to meet the clients’ requirement whether they are looking to expand or planning to launch a new product in the global market.

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