CANNED SEAFOOD MARKET

admin | Food & Beverages | 15 Jun 2020 04:34:20

Canned Seafood Market

Canned seafood as a leading food in a balanced diet is surely to escalate the global canned seafood market. The canned seafood consumption is growing because it offers the ease of preparing family meals to consume without the challenges of cooking. It also has many health benefits. This trend is promoting the global growth at a faster rate.

Canning seafood maintains the nutritional properties and natural goodness of fresh fish like proteins, carbohydrates and lipids. Seafoods such as sardines, salmon and mackerel are excellent sources of omega-3 fatty acids and protein. They help in the development of the human body. The change in eating habits of the growing number of health-conscious consumers is expected to drive the growth of global seafood consumption

Segments

The global canned seafood market is generally segmented positioned on product type, distribution channel, and region. It is then classifying the market, based on product type. This may be as tuna, mackerel, salmon, sardines, prawns & shrimps, lobsters, and others. Furthermore, the global canned seafood market has been segmented, on the basis of distribution channel, into store-based and non-store-based. Then, the store-based segment has further been separated into supermarkets and hypermarkets, convenience stores, and others.

Regions

Moreover, the global canned seafood market has been analysed for four main regions. These regions are North America, Europe, Asia-Pacific, and the rest of the world. The North American canned seafood market has further been segmented into the USA, Canada, and Mexico.

The European canned seafood market classification is known as the UK, Germany, France, Italy, Spain, and the rest of Europe. The Asia-Pacific region has been further divided into China, India, Japan, Australia and New Zealand, and the rest of Asia-Pacific. South America, the Middle East and Africa form the rest of the world canned seafood market.

Major Players

A few of the many major players in the global canned seafood market are; Bumble Bee Foods (USA), StarKist Company (USA), Nippon Suisan Kaisha (Japan), Maruha Nichiro Corporation (Japan), Icicle Seafoods (USA), LDH-La Doria (UK), Wild Planet Foods (USA), Thai Union Group (Thailand), American Tuna (USA), and Universal Canning Incorporated (Philippines).

Market Analysis

Europe is expected to take the lead in dominating the global canned seafood market. This is driven by the high consumption of preserved fish as a part of tradition and daily life in countries such as Spain and Portugal.

Prominently Spain is the largest producer of canned seafood in the world. Spain produces almost 70% of the canned tuna processed in the region. Hence, in Spain, consumption of seafood is high due to the demand for saltwater delicacies found on the Spanish shores.

Asia-Pacific region is expected to register the highest compound annual growth. This particularly due to high consumption of seafood and processed seafood as part of staple diets. These are majorly in China, Japan, and Thailand. Moreover, changing eating habits, consumer preference, and a demand for ready-to-eat canned seafood are boosting the regional market.

Pandemic

With the global pandemic crisis and the unexpected lockdown across nations, the consumer food and beverage industry first witnessed high demand for household staples, healthy food items, and consumables with longer shelf lives.

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