Canned Seafood Market, By Type (Canned Fish, Canned Shrimp and Canned Prawns), By Application (Supermarkets/Hypermarkets, Convenience Stores and Online Retail Stores), and Regional Forecast to 2033

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CANNED SEAFOOD MARKET OVERVIEW

The global Canned Seafood Market, valued at USD 27.53 billion in 2024, is projected to grow steadily to USD 28.35 billion in 2025 and reach USD 35.92 billion by 2033, maintaining a CAGR of 3% from 2025 to 2033.

Professionally arranged seafood that has been handled, sealed in an airtight holder to preserve freshness for human utilization is defined and referred as canned seafood. Further the bifurcation of canned seafood, the canned fish alludes to preserved fish such as tuna, salmon, mackerel, and sardines that are air tightly packed in tin cans with water, oil, and sauces to extend shelf-life and these are high in minerals and protein, and high in omega-3 and omega-6 greasy acids, vitamin D, vitamin B12, choline, press, and iodine, and utilized in protein-rich diets. The major conveyance channel incorporates hypermarkets and general stores, comfort stores, free basic need stores, strength stores, and online retail, and is utilized in families and commercial.

The development within the memorable period can be ascribed to globalization of food, expanded wellbeing benefits, urbanization, active ways of life, rising expendable salary, worldwide exchange. The development within the figure period can be ascribed to supportability practices, clean name development, e-commerce development, premiumization of items, plant-based options, administrative compliance. Major patterns within the estimate period incorporate advancement in packaging, flavor development, ready-to-eat items, customization and personalization, social impacts.

GLOBAL CRISIS IMPACTING CANNED SEAFOOD MARKET

Pandemic Surged Demand for Home Cooking and Nutritious Diet and thus Uplifted Market Sales

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.

With more individuals cooking at domestic, there was an expanded request for shelf-stable and helpful food choices, boosting canned seafood deals. Retail Channel Extension: Companies extended their nearness in retail and online stages to meet the developing shopper request for canned seafood items. Item Development: Producers presented modern canned seafood items and flavors to cater to advancing buyer inclinations. Continuous inclination for helpful and long-shelf-life food items is anticipated to maintain request moreover accentuation on economical angling and processing hones will likely impact item offerings and shopper choices.

LATEST TREND

Advanced Packing Technologies and Rising Nutritional Value to Level Up the Market Growth

Expanding mindfulness of the protein thick supplements, omega-3 greasy corrosive substance, protein, and vitamins, of canned seafood items, driven to request for canned seafood as a helpful and nutritious nourishment alternative, resulting in dispatch of assortments of ready-to-eat seafood items by market players. For occurrence, in July 2023, Wild planet reported to dispatch ready-to-eat canned seafood Including wild smoked pink salmon in additional virgin olive oil and wild smoked mackerel filets in additional virgin olive oil and canned skipjack strong white light tuna and a three-pack of wild pink salmon, a perfect ready-to-eat supper wild tuna quinoa salad, sourced ethically from small fishers, causing less natural affect. Moreover, with profitable progression in packaging innovation, keeping items secure and new and rising acquiring control of shoppers as canned angle are more reasonable compared to new angle or other protein sources, making it a cost-effective choice for numerous families, for this reason numerous market players are propelling modern lines of canned seafoods.

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CANNED SEAFOOD MARKET SEGMENTATION

By Type

On the differential basis of type, the market is sectioned into canned fish, canned shrimps and canned prawns.

• Canned Fish: Canned fish experienced the most noteworthy request spike amid the widespread, particularly tuna and sardines, due to their long shelf life and wealthy protein substance. Retail deals soared in both developed and developing markets as customers stockpiled non-perishables.
• Canned Shrimps: Whereas request remained generally steady, shrimp preparing units, especially in Asia, were hit by labor deficiencies and social distancing standards. Export-heavy markets like India and Thailand experienced calculated bottlenecks.
• Canned Prawns: Comparative to shrimps, prawn handling units confronted raw material deficiencies and labor issues. With eateries and lodgings closed, foodservice request declined, affecting this section. As retail request picked up, a few recuperations was seen within the latter portion of the widespread.

By Application

On the differential basis of application bifurcation, the market is fragmented into supermarkets/hypermarkets, convenience stores and online retail stores.

• Supermarkets/Hypermarkets: Primary deals channel for canned fish universally and offers wide item assortment and advancements. Proceeded dominance due to shopper believe and access to numerous brands. Moreover, retailers adjusted with in-store security measures and curbside pickup alternatives.
• Convenience Stores: Offers littler amounts; caters to urban, on-the-go customers and crucial in rising economies and urban centers. Stores in private zones performed way better than those in trade areas.
• Online Retail Stores: Offers direct-to-home canned fish with comfort and security and incorporates stages like Amazon, Walmart, BigBasket and others. Unstable development amid lockdowns as shoppers dodged physical stores and e-commerce selection for goods surged indeed among first-time clients.

MARKET DYNAMICS

Market dynamics include driving and restraining factors, opportunities and challenges stating the market conditions. 

DRIVINGFACTORS

Rising Diseases and Associated Health Benefits with Consumption of Seafood to Propagate the Market Growth

The rise in health issues like heart illness and diabetes is anticipated to impel the development of the canned seafood market going forward. Heart illness alludes to a sort of condition that influences the heart or blood vessels such as coronary supply route malady, congestive heart disappointment, heartbeat issues, and others. Canned seafood may be a wealthy source of omega-3 greasy acids which offer wellbeing benefits such as anti-inflammatory properties, diminished triglycerides, brought down blood pressure somewhat, decreased blood clotting, diminished hazard of strokes and heart disappointment, and diminished unpredictable heartbeats that's related with a run of unremitting illnesses, including heart illness and diabetes. Hence, the rise in wellbeing issues like heart illness and diabetes drives the development of the canned seafood market.

Growing Preference for Convenient and Ready-To-Eat Food to Surplus the Market Growth

The expanding notoriety of ready-to-eat fish items is anticipated to impel the development of the canned seafood showcase going forward. Ready-to-eat seafood products are arranged and packaged fish things that require no encourage cooking or planning some time recently utilization. Ready-to-eat fish items utilize canned fish due to their conservation through sealing, guaranteeing amplified rack life and comfort in utilization without the requirement for refrigeration. For occasion, in March 2023, concurring to ITC’s Trade Map, a Switzerland-based online database on universal exchange measurements, the United States remains the beat merchant of handled and canned tuna items, with an evaluated increment in canned fish imports to reach 141 thousand tons in 2022, checking a 25% rise compared to 2021. In this manner, the expanding ubiquity of ready-to-eat fish items drives the development of canned seafood market.

RESTRAINING FACTOR

Contamination Risks and Trading Restrictions to Squeeze Up the Market Shares

One critical limitation within the Canned Seafood market share is the contaminations risks and trading restrictions. Compliance of seafood items with exacting nourishment security directions and guidelines of naming and quality control is complex and expensive prepare, influencing accessibility and cost of canned fish, and affecting the development of market. In any case, developing customers inclination for new and solidified fish over canned due to way better taste and higher dietary esteem, comes about in decreased request for canned seafood, and hampering market development.

Market Growth was Buckled Up with the Product Innovation and Sustainable Offerings

Opportunity

Item development has developed as a key slant picking up notoriety within the canned seafood market. Major market players working within the canned seafood market are concentrating their endeavors on making inventive items to strengthen their position within the market. For occurrence, in July2023, Wild Planet Nourishments a US-based canned seafood company, propelled new reasonably caught seafood items These items incorporate Skipjack Strong Light Wild Tuna in Pure Olive Oil, which is 100% post & line caught, hand-cut, and pressed with ocean salt and olive oil, advertising a smooth surface and wealthy fish flavor whereas being low in mercury. The Wild Smoked Pink Salmon in Additional Virgin Olive Oil is sourced from the Northeast Pacific and smoked with birch wood, including a sweet, smoky flavor, culminate for bagels or snacks. Finally, the Wild Fish Quinoa Salad Ready-To-Eat Feast combines skipjack fish with natural quinoa, sweetcorn, zucchini, and peas, making a nutritious, ready-made dinner for those looking for comfort and maintainability.

Raw Material Variances and Pricing Fluctuations to Set Aback the Market Growth

Challenge

The market being profitable isn’t free of its disadvantages either. The challenges of variable raw materials costs, standards relating to seafood gathering and handling that are being forced forcefully, additionally the questions on life span as well as ethical sourcing are accepting the most noteworthy obstruction for key market players. Vacillations in raw fabric costs, exacting controls overseeing fish gathering and preparing, and stresses with respect to supportability and ethical sourcing posture awesome limitations for the key market players.

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CANNED SEAFOOD MARKET REGIONAL INSIGHTS

• North America

North America denotes the highest grossing of canned seafood market share as it proceeds to be among the biggest buyers, where the United States and Canada are the essential drivers. There has been a surge of demand for high-protein ready-to-eat suppers particularly among working experts and wellness devotees. Supportability is critical in this region where numerous buyers favor fish items that are morally sourced and traceable. Market development is additionally driven by the nearness of major market players and sound retail systems, coupled with the expanding notoriety of online basic need shopping, which offers clients progressed access.

• Asia Pacific

The development of the canned seafood market within the Asia-Pacific region is anticipated to be the speediest, with China, Japan, Thailand, and South Korea being major buyers. Rising protein ideal diets together with dynamic urban lifestyles are fueling request. Japan, for its portion, which is renowned worldwide for its seafood-based diet, remains a key market, including the likes of modern items within the frame of prepared to eat canned sushi-grade fish and enhanced assortments. In China and Southeast Asia in specific, expanding expendable earnings and extending retail dispersion systems are advance feeding the market development.

• Europe

Canned fish is as of now well built up in Europe and is found broadly, particularly in nations like Spain, Portugal, Italy and France where fish may be a central portion of the diet. Premium and gourmet canned seafood from hand-packed to natural assortments have started to require hold within the region. Producers are hence looking after cleaner packaging and maintainable angling and capable sourcing due to the administrative bodies within the European Union emphasizing on eco-friendly packaging. Private-label brands in grocery stores have moreover surged and helped the market develop.

KEY INDUSTRY PLAYERS

Major Market Players Embrace Procurement Techniques to Remain Competitive

Market players are locked in in intense competition utilizing procedures such as item development, quality upgrade, competitive estimating, and successful branding. With shoppers progressively favoring economical items, these players are emphasizing the utilize of common and eco-friendly materials such as cotton and bamboo. They are particularly centering on propelling modern items custom fitted for unmistakable applications, tending to the different requests within the market. Moreover, there's a solid accentuation on improving delicateness and generally item quality.

A few market players are endeavoring to convey a sumptuous encounter through predominant plans and quality. Competitive techniques incorporate cost wars, advancements, and collaborations with retailers, all of which play significant parts in their market situating. Online nearness and client surveys hold expanding impact over customer choices. The market competition is multi-faceted, including item separation and key market situating. 

 LIST OF COMPANIES PROFILED

• Conagra Brands (U.S.)
• Bush Brothers & Company (U.S.)
• Goya Foods (U.S.)
• Eden Foods (U.S.)
• B&G Foods (U.S.)
• Hanover Foods Corporation (U.S.)
• McCall Farms (U.S.)
• S&W Beans (U.S.)
• Amy's Kitchen (U.S.)
• La Costeña (Mexico).

KEY INDUSTRY DEVELOPMENTS

January 2024: Sea Harvest, a South African whitefish company, secures two seafood auxiliaries, improving its item extend with fishmeal, fish oil, canned fish, and abalone.

REPORT COVERAGE

The market is characterized by seriously competition, with various players competing for showcase share. The competitive scene incorporates a blend of built-up companies and rising new companies, each advertising a run of instruments with shifting highlights and capabilities. The showcase is driven by development, with companies ceaselessly improving their items to supply way better client involvement, more precise approval, and integration with other advancement apparatuses. The competitive competition is assisted escalates by the presence of both free and paid apparatuses, catering to distinctive fragments of clients.