Global Canned Seafood Market Insights Forecasts to 2033

• The Global Canned Seafood Market Size was Valued at USD 31.5 Billion in 2023
• The Market Size is Growing at a CAGR of 3.54% from 2023 to 2033
• The Worldwide Canned Seafood Size is Expected to Reach USD 44.6 Billion by 2033
• Asia-Pacific is Expected to Grow the fastest during the forecast period.

The Global Canned Seafood Market Size is anticipated to Exceed USD 44.6 Billion by 2033, Growing at a CAGR of 3.54% from 2023 to 2033.

Market Overview:

Seafood that has been prepared and placed in sealed pack containers is sometimes referred to as canned seafood. They are an enriched source of protein, vitamins, omega-3 fatty acids, and minerals that will help to boost the resistance power of immunity. Can seafood be a convenient source of diet that is less expensive than fresh or frozen seafood which will support the growth of the can seafood market. Canned seafood is used in a variety of culinary applications due to its portability and adaptability. A ubiquitous ingredient in salads, sandwiches, pasta dishes, and casseroles, it provides busy consumers with a quick supply of protein. It is also frequently used in stews, soups, and seafood spreads. Canned seafood has a long shelf life and is easy to use due to restaurants, residences, and food manufacturers relying on it, especially in places where lack of fresh seafood.

Report Coverage:

This research report categorizes the market for the global canned seafood market based on various segments and regions forecasts revenue growth and analyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global canned seafood market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the global canned seafood market.

Driving Factors:

The growing number of e-commerce platforms has significantly contributed to the growth of the canned seafood market. Canned seafood is much more affordable as compared to frozen seafood. It is more readily available in a variety of retail outlets and is convenient to purchase and cook. Additionally, the growing demand among customers is impacted by celebrities' increased social media influence in promoting the health advantages of canned fish.

Restraining Factors:

The climate change has significantly hamper the growth of the fish industry which is decreasing the demand for canned seafood. The substantial upfront expenses associated with cleanroom facility development and maintenance could restrict market expansion.

Market Segmentation:

The global canned seafood market share is classified into product and distribution channel.

• The fish segment accounted for the largest share of the market during the forecast period.

Based on the product, the global canned seafood market is categorized into fish and shellfish. Among these, the fish segment accounted for the largest share of the market during the forecast period. Omega-3 fatty acids, high-quality protein, and vital vitamins and minerals like vitamin D and vitamin B12 are all abundant in fish, particularly species like tuna, salmon, sardines, and mackerel. In addition to their well-established cardiovascular advantages, omega-3 fatty acids are increasingly being linked to better brain health. The canned shellfish category is expanding at the quickest rate due to both conventional and contemporary culinary uses that emphasize product adaptability.

• The retail segment is expected to drive the growth of the market over the forecast period.

Based on the distribution channel, the global canned seafood market is categorized into food service and retail. Among these, the retail segment is expected to drive the growth of the market over the forecast period. Growing customer demand for quick and wholesome meal options is the reason behind the rise in canned seafood sales through retail channels. As more individuals lead hectic lives, they are looking for quick, simple meals that don't sacrifice quality or health advantages. With its abundance of protein and omega-3 fatty acids, canned seafood is the ideal solution to this need. Aware of this trend, retailers have broadened their product offerings to include a range of canned seafood options, from traditional tuna to high-end items like mackerel and sardines. This has helped them appeal to consumers who are health-conscious and seek out a variety of shelf-stable products that are easy to store and incorporate into daily meals.

Regional Segment Analysis of the Global Canned Seafood Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

North America is projected to hold the largest share of the global canned seafood market over the forecast period.

The growing popularity of diets like Mediterranean and pescatarian, which emphasize seafood consumption, contributes to the rising demand for seafood in North America. As consumers look for more accessible and nutrient-dense meal alternatives, canned seafood like tuna, salmon, and sardines offers a quick and simple method to add these vital nutrients to their diets. Another factor driving up demand is the increased acceptance of diets that emphasize eating seafood, such as the Mediterranean and pescatarian.

Urbanization has led to a greater concentration of populations in cities where convenient and ready-to-eat products are highly sought after. In addition, rising disposable incomes have expanded consumer choices, allowing more people to access premium canned seafood products. The higher per capita consumption is due to seafood being considered a staple food in the majority of regions, such as Bengal state in India. In addition, seafood is one of the significant parts of Chinese cuisine and is eaten in many different ways. Furthermore, the rising e-commerce development is driving the market growth in the region.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global canned seafood market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies:

• H.J. Heinz Company
• Gomes da Costa
• Bonduelle Group
• Kazyonnyy Produkty
• Nippon Suisan Kaisha, Ltd.
• Clover Leaf Seafoods Corp.
• Empresas AquaChile S.A.
• Tri Marine International Inc.
• Dongwon Industries Co., Ltd.
• Marine Harvest ASA
• Maruha Nichiro Corporation
• Bolton Group International
• Ocean Brands GP
• Brunswick Corporation
• Others

Key Market Developments:

• In October 2024, Bumble Bee Foods, a US shelf-stable seafood provider, recently launched a new range of canned, pouched, and kit-based fish products.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)  

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global canned seafood market based on the below-mentioned segments: 

Global Canned Seafood Market, By Product

• Fish
• Shellfish

Global Canned Seafood Market, By Distribution Channel

• Food Service
• Retail

Global Canned Seafood Market, By Regional

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa