An Incisive, In-depth Analysis on the Canned Seafood Market
This study offers a comprehensive, 360 degree analysis on the Canned Seafood market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Canned Seafood market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
Global Canned Seafood Market Records over 6% CAGR to Surpass US$29.4 Bn in 2019
The global canned seafood market is projected to reach US$ 71.5 Bn by the end of 2029. The market was valued at US$ 29.4 Bn in 2019. Future Market Insights (FMI) finds that the global market will rise at a CAGR of 6.3% between 2019 and 2029. Regionally, North America and Europe have emerged as most lucrative markets for canned seafood. However during the forecast period, Asia Pacific will exhibit more lucrative growth opportunities. In terms of product, the market can be classified into caviar, mackerel, salmon, sardines, tuna and others. Of these, canned tuna emerged as a leading segment in the global market. On account of its superior properties, canned tuna has become a favourite among consumers. In addition to this, tuna is a rick source of omega 3 fatty acids. As a result of increasing health consciousness, the demand in this product category is likely to increase.
Key Factors Driving the Market
Rising Demand for Ready-to-eat Food Boosts Sales Opportunities
At a time when the demand for seafood is consistently rising, canned seafood has emerged as a favourite of consumers. In the last few years its sales has considerably risen stoked by the demand for ready-to-eat food. The canned seafood market is also gaining from the strengthening distribution network. In order to reach a more dispersed demography, manufacturers are focusing on expanding their distribution efforts, which is expected to bode well for the overall market. Spurred by this, consumers now have better access to a variety of canned seafood including tuna, sardine, salmon, mackerel, caviar and others
Asia Pacific Emerges as Highly Lucrative Market for Canned Seafood
The canned seafood market records high sales in the U.S. Seafood is a common inclusion in menu across restaurants and eateries in the country. The country exhibits a considerably high demand for exotic foods, which is expected to boost the canned seafood market in the U.S. During the course of the report’s forecast period, Asia Pacific is expected to show increasing adoption of the product. Furthermore, the consistently rising demand for ready-to-eat meals across emerging nations will drive the market in Asia Pacific. The regional market will also benefit from the presence of some of the leading companies.
Rising Awareness about Health Benefits offered by Canned Food will Stoke Growth Opportunities
The rising awareness among consumers about health benefits of canned seafood will drive the market. In addition to this, the market will benefit from their increasing disposable incomes and consequent willingness to spend on food products with higher nutritive value without compromising on taste. In addition to this, the demand for conspicuous and exotic food items is on the rise as a result of rising purchase power of consumers. Spurred by this, the canned seafood market will welcome impressive growth opportunities. Changing consumer preference, as they increasingly focus on healthier and tastier food will therefore emerge as chief growth driver.
FREQUENTLY ASKED QUESTIONS ABOUT canned seafood market
What drives the canned seafood market?
The rising demand for nutritive and exotic food creates growth opportunities for canned seafood market. In addition to this, the rising awareness about health benefits of seafood will encourage sales in the market
Which factors put market players at risk?
Canned seafood market is dependent on climatic conditions. Untoward weather conditions may act as a major road block. In addition to this, the fear of contamination haunts canned seafood manufacturers.
Which region will lead the global sales of canned seafood?
While North America and Europe will remain key markets, Asia Pacific is expected to offer higher growth opportunities to the market. The presence of some of the leading players will back the market growth in the region. In addition, the canned seafood market in Asia Pacific will gain impetus from rising disposable income of consumers.
Which product segment is likely to witness highest growth?
In terms of product, canned tuna has emerged as a widely consumed product. Superior health benefits of tuna will support the growth of the segment
Which segment based on distribution channel will record the highest growth?
In terms of distribution channel, the segment comprising retailers and independent dealers is expected to rise at a robust pace.
Canned Seafood Market: Global Industry Analysis 2014-2018 & Opportunity Assessment 2019-2029
A recent market study published by Future Market Insights on the Canned Seafood market offers global industry analysis for 2014-2018 & opportunity assessment for 2019–2029. The study offers a comprehensive assessment of the most important market dynamics. After conducting a thorough research on the historical, as well as current growth parameters, the growth prospects of the market are obtained with maximum precision.
By Product Type
By Distribution Channel
The global Canned Seafood market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.
Chapter 01 - Executive Summary
The executive summary of the Canned Seafood market includes the market country analysis, proprietary wheel of fortune, demand-side and supply-side trends, opportunity assessment, and recommendations on the global Canned Seafood market.
Chapter 02 – Market Introduction
Readers can find the detailed segmentation and definition of the Canned Seafood market in this chapter, which will help them understand basic information about the Canned Seafood market. This section also highlights the inclusions and exclusions, which help the reader understand the scope of the Canned Seafood market report.
Chapter 03 – Market Background
The associated industry assessment of the Canned Seafood market is carried out in this section. The macroeconomic factors affecting growth of the Canned Seafood market are provided in this section and the impact of these macroeconomic indicators on the Canned Seafood market is analyzed. The processing overview and technological advancements in the Canned Seafood market is also provided.
Chapter 04 - Global Intergrated Food Ingridents Market Value Chain
Profit margins at each level of the Canned Seafood market are analyzed and readers can find detailed information on top importers and exporters as well as the value chain of the market.
Chapter 05 – Market Dynamics
The drivers and restraints impacting the growth of the Canned Seafood market are explained in this chapter. Opportunities and ongoing trends in the Canned Seafood market are also comprehensively discussed.
Chapter 06 – Global Canned Seafood Market Analysis and Forecast 2014-2029
This chapter includes detailed analysis of the historical Canned Seafood market (2014-2018), along with an opportunity analysis for the forecast period (2019-2029). Readers can also find the absolute $ opportunity for the current year (2019 - 2020) and incremental opportunity for the forecast period (2019-2029). This chapter provides details about the Canned Seafood market on the basis of product type, and distributional channel. In this chapter, readers can understand market attractive analysis for all segments. This chapter explains how the Canned Seafood market is anticipated to grow across North America, Latin America, Europe, APEJ, Japan, Oceania and the Middle East and Africa.
Chapter 07 – North America Canned Seafood Market Analysis 2014-2018 & Forecast 2019-2029
This chapter includes a detailed analysis of the growth of the Canned Seafood market in the North America region, along with a country-wise assessment that includes the U.S. and Canada. Readers can also find regional trends, regulations, and market growth based on product type and countries in the North America region.
Chapter 08 – Latin America Canned Seafood Market Analysis 2014-2018 & Forecast 2019-2029
Readers can find detailed information about several factors, such as the pricing analysis and regional trends, which are impacting growth of the Canned Seafood market in the Latin America region. This chapter also includes growth prospects of the Canned Seafood market in leading LATAM countries such as Brazil, Mexico, Chile, Peru, Argentina and the Rest of Latin America.
Chapter 09 –Europe Canned Seafood Market Analysis 2014-2018 & Forecast 2019-2029
Important growth prospects of the Canned Seafood market based on its end user in several countries such as EU-4, U.K., BENLUX, Nordic, Russia, Poland and Rest of Europe are included in this chapter.
Chapter 10 – APEJ Canned Seafood Market Analysis 2014-2018 & Forecast 2019-2029
This chapter includes a detailed analysis of the growth of the Canned Seafood market in APEJ region including the important growth prospects of the Canned Seafood in several countries such as China, India ,South Korea and ASEAN countries are included in this chapter.
Chapter 11 – Japan Canned Seafood Market Analysis 2014-2018 & Forecast 2019-2029
This chapter includes a detailed analysis of the growth of the Canned Seafood market in the Japan. Readers can also find regional trends, regulations, and market growth of countries in the Japan.
Chapter 12 – Oceania Canned Seafood Market Analysis 2014-2018 & Forecast 2019-2029
This chapter includes a detailed analysis of the growth of the Canned Seafood market in the Oceania. Readers can also find regional trends, regulations, and market growth of countries in the Oceania
Chapter 13 – Middle East and Africa Canned Seafood Market Analysis 2014-2018 & Forecast 2019-2029
This chapter offers insights into how the Canned Seafood market is expected to grow in major countries in the MEA region such as GCC Countries, South Africa, North Africa and the Rest of MEA, during the forecast period 2019-2029.
Chapter 14– Competition Assessment
In this chapter, readers can find detailed information about tier analysis and market concentration of the key players in the Canned Seafood market along with their market presence analysis by region and product portfolio. Readers can find a comprehensive list of leading manufacturers in the Canned Seafood market, along with detailed information about each company, which includes company overview, revenue shares, strategic overview, and recent company developments. Some of the market players and end users featured in the report are Bumble Bee Seafoods, StarKist Co., Nippon Suisan Kaisha, Ltd,Maruha Nichiro Corporation, Icicle Seafoods Inc., LDH (La Doria) Ltd., Wild Planet Foods,Thai Union Frozen Products,American Tuna Inc.,Universal Canning Inc.,Tri Marine Group,Trident Seafoods Corporation.,Connors Bros. Ltd. (Brunswick Seafoods) and others .
Chapter 15 – Assumptions and Acronyms
This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the Canned Seafood report.
Chapter 16 – Research Methodology
This chapter helps readers understand the research methodology followed to obtain various conclusions, as well as important qualitative and quantitative information, on the Canned Seafood market.
Sources and Primary Research Splits (%)
- C - Level Executives
- Marketing Directors
- Sales Heads
- Production Managers
- Distributors Heads
- Sales Executives
- Product Manufacturers
- Industry Experts
- End Users
- Current Market Dynamics and Challenges
- Market Characteristics
- Market Performance and Growth Quadrants
- Competition Structure and Market Structure
- Strategic Growth Initiatives
- Near-term and Long-term Market Growth Prospects
- Market Segment Splits and Authenticity
- Opinions on Market Projections and Validity Of Assumptions
- Industry Publications
- Industrial Week
- Industrial Product Review
- Industrial Magazine
- Industry Associations
- Dieticians Association
- Food and Agriculture Organization
- Company Press Releases
- Annual Reports and Investor Presentations
- Research Papers
- Government Websites and Publications
- Trade Websites