A recent report published by Infinium Global Research on the canned seafood market provides an in-depth analysis of segments and sub-segments in the global as well as a regional canned seafood market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional canned seafood market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global canned seafood market. According to the report, the global canned seafood market is projected to grow at a CAGR of 4.02% over the forecast period of 2019-2025.
The changing economic, social, and demographic situation of the world is exerting pressure on food supply. This has posed new challenges for food manufacturers and consumers. Canned foods are alternatives to fresh foods that can fulfill the demand for food supply. Canned food particularly seafood is safe, cheap and is available in a wide range of products. Seafood is the best source of nutrients including monounsaturated fat, Sodium, Potassium, and Vitamin B. by preserving the seafood in cans the nutrient in the seafood can be retained for a longer period of time.
The rise in the consumer preference for ready-to-eat foods is majorly driving the canned seafood market. Growing industrialization and rising working class population in emerging economies are increasing the demand for convenience foods. Moreover, the advantages of canned seafood such as better shelf life and ease in cooking are expanding the growth of the canned seafood market. Furthermore, the health benefits of seafood including the improved immune system reduced blood pressure and strengthen bones is supporting the demand for canned seafood. Seafood is a good source of various nutrients such as monounsaturated fat, Sodium, Potassium and Vitamin B. these nutrients are retained for a long time by preserving the seafood. However, lack of capital investment in the seafood industry is the major restraining factor for the growth of the canned seafood market. Nevertheless, the growing adoption of sustainable fish farming techniques is expected to offer lucrative opportunities for the key players in the Canned Seafood market.
In terms of region, Europe generated the highest revenue from canned seafood, dominating the global market. The largest market share of the Europe region attributed to the low availability of fresh fish in cold climatic conditions and high awareness regarding canned food among the population. Asia Pacific market for canned seafood witnessed a higher growth rate owing to the changing lifestyle of the consumers and growing demand for ready to eat foods.
The report on the global canned seafood market covers segments such as type. On the basis of type, the sub-markets include sardines, tuna, shrimps, prawns, salmon, and other seafoods.
The report provides profiles of the companies in the market such as Empresas AquaChile S.A., Bumble Bee Foods, LLC, Mowi ASA, Wild Planet Foods, Inc., Beijing Princess Seafood International Trading Co.Ltd., StarKist Co., Thai Union Group, Connors Bros Ltd., Trident Seafoods Corporation, Sajo Industries Company Limited, and Other Companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the canned seafood market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.