What is the key driver of Global Canned Seafood Market?

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Global Canned Seafood Market Size, Share, Growth Analysis, By Product(Tuna, Salmon), By Distribution Channels(Food Services and Retail) - Industry Forecast 2024-2031

Report ID: SQMIG30I2264 | Region: Global | Published Date: March, 2024
Pages: 198 | Tables: 64 | Figures: 76

Global Canned Seafood Market Competitive Landscape

Canned Seafood Market Top Player’s Company Profiles

Bumble Bee Foods LLC (United States)

StarKist Co. (United States)

Connors Bros. Ltd. (Canada)

Crown Prince, Inc. (United States)

MW Brands (France)

John West Foods Ltd. (United Kingdom)

Wild Planet Foods, Inc. (United States)

Tri Marine International Inc. (United States)

Dongwon Industries Co., Ltd. (South Korea)

Marine Harvest ASA (Norway)

Maruha Nichiro Corporation (Japan)

Bolton Group International (Italy)

Ocean Brands GP (Canada)

Brunswick Corporation (United States)

H.J. Heinz Company (United States)

Gomes da Costa (Brazil)

Bonduelle Group (France)

Kazyonnyy Produkty (Russia)

Nippon Suisan Kaisha, Ltd. (Japan)

Clover Leaf Seafoods Corp. (Canada)

Empresas AquaChile S.A. (Chile)

Canned Seafood Market Recent Development

In January 2024, New Jersey, U.S.A.-based grocery store company Atalanta Corporation – the largest privately held food importer in North America – is buying J.A. Kirsch, a U.S. food importer specializing in canned seafood.
In January 2024, King Oscar, the premium canned seafood company, announced this week that they are launching a new line of skinless and boneless Atlantic salmon in extra virgin olive oil.
In October 2023, ICO opened a cannery at 38 Blackmer St., New Bedford, to tin shellfish and fish in the Spanish conservas tradition, where the shellfish and fish are preserved in olive oil, brine, and other sauces.
In March 2023, Bumble Bee Foods, LLC announced that it has acquired Wild Planet Foods, a leading producer of sustainable canned seafood. The acquisition is expected to help Bumble Bee expand its product portfolio and reach new customers.
In February 2023, Thai Union Group PCL, one of the world's largest seafood companies, announced that it has signed a definitive agreement to acquire American Tuna, a leading producer of canned tuna in the United States. The acquisition is expected to help Thai Union expand its presence in the US market.

Global Canned Seafood Market Report Snapshots

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Global Canned Seafood Market size was valued at USD 33.03 billion in 2022 and is poised to grow from USD 35.08 billion in 2023 to USD 56.76 billion by 2031, growing at a CAGR of 6.2% during the forecast period (2024-2031).

With numerous international companies, the canned seafood business is very fragmented. The leading manufacturers in this industry, who have a sizable consumer base, well-established brands, and extensive distribution networks, compete fiercely with the market's players. 'Bumble Bee Foods LLC (United States)', 'StarKist Co. (United States)', 'Connors Bros. Ltd. (Canada)', 'Crown Prince, Inc. (United States)', 'MW Brands (France)', 'John West Foods Ltd. (United Kingdom)', 'Wild Planet Foods, Inc. (United States)', 'Tri Marine International Inc. (United States)', 'Dongwon Industries Co., Ltd. (South Korea)', 'Marine Harvest ASA (Norway)', 'Maruha Nichiro Corporation (Japan)', 'Bolton Group International (Italy)', 'Ocean Brands GP (Canada)', 'Brunswick Corporation (United States)', 'H.J. Heinz Company (United States)', 'Gomes da Costa (Brazil)', 'Bonduelle Group (France)', 'Kazyonnyy Produkty (Russia)', 'Nippon Suisan Kaisha, Ltd. (Japan)', 'Clover Leaf Seafoods Corp. (Canada)', 'Empresas AquaChile S.A. (Chile)'

The busy lifestyles of consumers have led to an increased demand for ready-to-eat and convenient food options. Canned seafood provides a quick and easy meal solution, requiring minimal time and effort for preparation. This convenience factor has contributed to the growth of the canned seafood market, particularly among working professionals and individuals with busy schedules.

The market is witnessing an increased demand for premium and value-added canned seafood products. Consumers are willing to pay a premium for high-quality and gourmet canned seafood options. This trend is driving product innovation, with manufacturers introducing premium packaging, unique flavor combinations, and gourmet ingredients to cater to discerning consumers.

With a 46.4% market share in 2023, Asia Pacific had the highest impact on the global market. A vast supply of raw materials and a high number of canneries in the area for aquaculture have led to a growth in the popularity of canned seafood products. India exported 12.8 lakh metric tonnes of seafood worth USD 6.68 billion and by the end of 2032, this amount is predicted to increase by 12.6%, according to the Marine Products Export Development Authority (MPEDA). The growing demand for canned fish that is ready to boil in emerging economies is also a major factor driving the market in the region.

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Global Canned Seafood Market Size, Share, Growth Analysis, By Product(Tuna, Salmon), By Distribution Channels(Food Services and Retail) - Industry Forecast 2024-2031

Global Canned Seafood Market Competitive Landscape

Global Canned Seafood Market Report Snapshots

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