Canned Fish Market Overview
The Global Canned Fish Market size is estimated to reach $11.3 billion by 2027. Furthermore, it is poised to grow at a CAGR of 3.8% over the forecast period of 2022-2027. Canned Fish is a food fish that has been processed and is rich in protein and many other essential nutrients. Canned fish has high levels of valuable omega-3 fatty acids that are important for overall wellbeing and is increasingly being adopted as preserving food. Canned Seafood, such as tuna, salmon, sardines, prawns, and shrimps are increasingly being adopted by the young population across the world owing to the growing demand for protein foods and the rise in awareness about the benefits of seafood. The increase in the demand for ready-to-eat foods, the rise in the adoption of sustainable fish farming techniques by the key players, and the growing availability of seafood across the world are contributing to the growth of the Global Canned Fish Market. The robust focus on developing Canned Fish for various applications based on the tastes of the consumers are some of the factors driving the Global Canned Fish Industry forward in the projected period of 2022-2027.
Report Coverage
The
report: “Canned Fish Market Forecast (2022-2027)", by IndustryARC covers an
in-depth analysis of the following segments of the Global Canned Fish Market.
By Type- Canned
Albacore Tuna, Canned Anchovies, Canned Herring, Canned Pink Salmon, and
Others.
By Distribution
Channel- Supermarkets/Hypermarkets, Online Channels,
Convenience Stores, and Others.
By
End User- Household and Commercial.
By Geography- North America (U.S., Canada, Mexico), Europe (Germany, United
Kingdom (U.K.), France, Italy, Spain, Russia, and Rest of Europe), Asia Pacific
(China, Japan India, South Korea, Australia, and New Zealand, and Rest of Asia
Pacific), South America (Brazil, Argentina, Chile, Colombia and Rest of South America), and
Rest of the World (the Middle East, and Africa).
Key Takeaways
- Geographically, North America held a dominant market share in the year 2021. It is owing to the growing adoption of preserving foods in the United States. Moreover, the increasing demand for canned prawns and shrimps is further propelling the demand for Canned Fish. Additionally, North America is expected to offer lucrative growth opportunities to marketers owing to the growing research and development activities to develop Canned Fish for various applications.
- The robust growth in the Supermarkets/Hypermarkets, Online Channels, Convenience Stores, and Others are driving the Global Canned Fish Market. However, the lack of responsible investments in tuna processing is one of the major factors impeding the Global Canned Fish market growth.
- A detailed analysis of strengths, weaknesses, opportunities, and threats will be provided in the Global Canned Fish Market Report.
Global Canned Fish Market- Geography (%) for 2021.
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Canned Fish Market Segmentation Analysis- By Type
The Global Canned Fish market based on the type
can be further segmented into Canned Albacore Tuna, Canned Anchovies, Canned
Herring, Canned Pink Salmon, and Others. Canned Albacore Tuna held a dominant market
share in the year 2021. The rise in the adoption of preserving foods and the
increase in the number of product launches. Albacore Tuna is a great source of heart-healthy
omega-3 fatty acids that help in lowering the risk of heart disease, lower
triglycerides, and minimize the advancement of atherosclerotic plaques.
However, Canned Pink Salmon is estimated to
be the fastest-growing, with a CAGR of 4.4% over the forecast period of
2022-2027. It is owing to the factors such as the growing demand for canned
pink salmon among the young population and the increase in the adoption of canned
pink salmon for its great source of proteins.
Canned Fish Market Segmentation Analysis- By Distribution Channel
The Global Canned Fish market based on the Distribution
Channel can be further segmented into Supermarkets/Hypermarkets, Online Channels,
Convenience Stores, and Others. The Supermarkets/Hypermarkets segment
held a dominant market share in the year 2021. The growing demand for Canned Seafood,
such as sardines, prawns, salmon, tuna, and shrimps in supermarkets is
propelling the growth of the market. The easy availability of various canned
fish based on the taste of the consumers in supermarkets and hypermarkets is
further driving the growth of the Global Canned Fish
Market.
However,
the Online Channels segment is
estimated to be the fastest-growing, with a CAGR of 4.7% over the forecast
period of 2022-2027. It is owing to the growing adoption of preserving foods on
online channels and the advancements in technology. The rise in the demand for
ready-to-eat products and the growing inclination towards online channels for
fishery are propelling the growth of the Global Canned
Fish Market.
Canned Fish Market Segmentation Analysis- By Geography
The Global Canned Fish market based on Geography can be further segmented into North America, Europe, Asia-Pacific, South America, and the Rest of the World. North America held a dominant market share of 36% in the year 2021 as compared to its other counterparts. It is owing to the rise in the demand for canned prawns and shrimps and the rise in awareness about the health benefits of seafood. According to the National Oceanic and Atmospheric Administration's (NOAA) "Fisheries of the United States”, the per capita seafood consumption in the country in 2019 hit 19.2 pounds per person. The factors, such as the rise in the availability of sardines and salmon and the growing adoption of preserving foods among the young population are further propelling the growth of the Global Canned Fish Market.
Canned Fish Market Drivers
The growing demand for Canned Fish in the European region has readily aided the market growth
According to the European Market Observatory for Fisheries and Aquaculture Products (Eumofa), consumption of canned fish has significantly increased in Europe. The demand for canned fish has been experiencing a steady growth in the past years. The rise in trends, such as lunch at home and sustainability is further enhancing the consumption of canned seafood, such as sardines, prawns, salmon, and shrimps. According to CBI, the total value of seafood imports to Europe in 2020 was $54.8 billion. Seafood imports have been on the rise since 2015, peaking at $58.0 billion in 2018 (Figure 1). In 2019, imports dropped by 4%. Though this downward trend continued in 2020, the decline was smaller with imports falling only 1% in 2020. The growing demand for preserving foods is further propelling the growth of the Canned Fish market.
The Rise in the Adoption of Canned Tuna has enhanced the growth of the Canned Fish Market
According to the
National Fisheries Institute, canned tuna is the second most popular seafood
product in the United States. Consumers in the country eat about 1 billion
pounds of pouched and canned tuna each year and about 83% of canned tuna is
eaten for lunch by the consumers in the country. Further, more than 7 million metric tons of tuna and tuna-like species are harvested yearly. These migratory tuna species account for 20 percent of the value of all marine capture fisheries and over 8 percent of all globally traded seafood. According to National Fisheries Institute (NFI), canned tuna was the third most popular seafood product in the U.S, with a 2.2 pound per capita consumption in 2019, an increase of 10% from the previous year. Moreover, the rise in
consumption of such products in hotels, restaurants, and industries is driving
the growth of the Canned
Fish market.
Canned Fish Market Challenges
The Lack of Responsible Investments in Tuna Processing is impeding the market growth
The Major challenges faced in the fisheries
sector are not limiting the promotion of investment, particularly in onshore
processing, but also ensuring that the investment promotes responsible fishing.
Parties to Nauru Tuna Sector Agreement (PNA) have informed the tuna industry
participants to work with the PNA or risk losing access to its rich fishing
grounds. The eight-member states Parties to the Nauru Agreement (PNA) extended their prohibition on tuna purse-seine fishing in approximately 4.5 million square kilometers of the Pacific Ocean high seas by purse-seine vessels licensed to fish in their combined Exclusive Economic Zones. However, concerns have arisen as to the effects on investment of the
uncertainty generated by the proposal to amend market access regulation, which
is one of the major factors that is estimated to reduce the growth of the Global
Canned Fish Market.
Canned Fish Industry Outlook
Product launches, mergers and acquisitions,
joint ventures, and geographical expansions are key strategies adopted by
players in the Global Canned Fish Market. The top 10- Global Canned Fish Market
companies are-
- John West
- Karavela
- Bolton Group
- Wild Planet Foods
- Marine Harvest
- Thai Union Group
- Icicle Seafoods Inc
- Maruha Nichiro Corporation
- Monster Group
- Connors Bros Ltd
Recent Developments
- In December 2021, Karavela has launched a line of canned fish that is made from yellow peas and sustainable raw materials. The company has aimed to combine its knowledge of canned seafood with its research into plant-based ingredients for becoming a trendsetter in the plant-based fish product market. The company has also invested around $3 million in research and development activities.
- In September 2021, John West has launched nutrient-rich tuna fish. The product range offers additional functional health benefits for consumers who want to make healthier choices they feel good about. The company has been particularly well placed to respond to the increased consumer demand for functional benefits.
- In August 2021, Bolton Group has acquired Wild Planet Foods, an innovation leader in the US sustainable canned fish market. These two companies are working together to develop a responsible supply chain of excellence. The acquisition has been made to increase its presence in the tuna market in the United States, which is the largest in the world.
Relevant Titles
Canned
Seafood Market - Forecast (2022 - 2027)
Report Code- FBR 81104
Fin
Fish Market - Forecast 2022-2027
Report Code- FBR 19484
Processed
Seafood & Seafood Processing Equipment Market - Forecast (2022 - 2027)
Report Code- FBR 76622
For more Food and Beverage Market reports, please click here
LIST OF TABLES
1.Global Key Manufacturers Market 2019-2024 ($M)1.1 Starkist Market 2019-2024 ($M) - Global Industry Research
1.2 Bumble Bee Foods Market 2019-2024 ($M) - Global Industry Research
1.3 Chicken of the Sea International Market 2019-2024 ($M) - Global Industry Research
1.4 Crown Prince Market 2019-2024 ($M) - Global Industry Research
1.5 Natural Sea Market 2019-2024 ($M) - Global Industry Research
1.6 Roland Foods Corporation Market 2019-2024 ($M) - Global Industry Research
1.7 Tri Marine International Market 2019-2024 ($M) - Global Industry Research
1.8 High Liner Foods Market 2019-2024 ($M) - Global Industry Research
1.9 Mazzetta Company Market 2019-2024 ($M) - Global Industry Research
1.10 CamilAilmentos Market 2019-2024 ($M) - Global Industry Research
1.11 GuangDong GanZhu Canned Foods Market 2019-2024 ($M) - Global Industry Research
1.12 Gomes da Costa Market 2019-2024 ($M) - Global Industry Research
2.Global Market by Type Market 2019-2024 ($M)
2.1 Caviar Market 2019-2024 ($M) - Global Industry Research
2.2 Mackerel Market 2019-2024 ($M) - Global Industry Research
2.3 Salmon Market 2019-2024 ($M) - Global Industry Research
2.4 Sardines Market 2019-2024 ($M) - Global Industry Research
2.5 Tuna Market 2019-2024 ($M) - Global Industry Research
2.6 Tuna Market 2019-2024 ($M) - Global Industry Research
3.Global Key Manufacturers Market 2019-2024 (Volume/Units)
3.1 Starkist Market 2019-2024 (Volume/Units) - Global Industry Research
3.2 Bumble Bee Foods Market 2019-2024 (Volume/Units) - Global Industry Research
3.3 Chicken of the Sea International Market 2019-2024 (Volume/Units) - Global Industry Research
3.4 Crown Prince Market 2019-2024 (Volume/Units) - Global Industry Research
3.5 Natural Sea Market 2019-2024 (Volume/Units) - Global Industry Research
3.6 Roland Foods Corporation Market 2019-2024 (Volume/Units) - Global Industry Research
3.7 Tri Marine International Market 2019-2024 (Volume/Units) - Global Industry Research
3.8 High Liner Foods Market 2019-2024 (Volume/Units) - Global Industry Research
3.9 Mazzetta Company Market 2019-2024 (Volume/Units) - Global Industry Research
3.10 CamilAilmentos Market 2019-2024 (Volume/Units) - Global Industry Research
3.11 GuangDong GanZhu Canned Foods Market 2019-2024 (Volume/Units) - Global Industry Research
3.12 Gomes da Costa Market 2019-2024 (Volume/Units) - Global Industry Research
4.Global Market by Type Market 2019-2024 (Volume/Units)
4.1 Caviar Market 2019-2024 (Volume/Units) - Global Industry Research
4.2 Mackerel Market 2019-2024 (Volume/Units) - Global Industry Research
4.3 Salmon Market 2019-2024 (Volume/Units) - Global Industry Research
4.4 Sardines Market 2019-2024 (Volume/Units) - Global Industry Research
4.5 Tuna Market 2019-2024 (Volume/Units) - Global Industry Research
4.6 Tuna Market 2019-2024 (Volume/Units) - Global Industry Research
5.North America Key Manufacturers Market 2019-2024 ($M)
5.1 Starkist Market 2019-2024 ($M) - Regional Industry Research
5.2 Bumble Bee Foods Market 2019-2024 ($M) - Regional Industry Research
5.3 Chicken of the Sea International Market 2019-2024 ($M) - Regional Industry Research
5.4 Crown Prince Market 2019-2024 ($M) - Regional Industry Research
5.5 Natural Sea Market 2019-2024 ($M) - Regional Industry Research
5.6 Roland Foods Corporation Market 2019-2024 ($M) - Regional Industry Research
5.7 Tri Marine International Market 2019-2024 ($M) - Regional Industry Research
5.8 High Liner Foods Market 2019-2024 ($M) - Regional Industry Research
5.9 Mazzetta Company Market 2019-2024 ($M) - Regional Industry Research
5.10 CamilAilmentos Market 2019-2024 ($M) - Regional Industry Research
5.11 GuangDong GanZhu Canned Foods Market 2019-2024 ($M) - Regional Industry Research
5.12 Gomes da Costa Market 2019-2024 ($M) - Regional Industry Research
6.North America Market by Type Market 2019-2024 ($M)
6.1 Caviar Market 2019-2024 ($M) - Regional Industry Research
6.2 Mackerel Market 2019-2024 ($M) - Regional Industry Research
6.3 Salmon Market 2019-2024 ($M) - Regional Industry Research
6.4 Sardines Market 2019-2024 ($M) - Regional Industry Research
6.5 Tuna Market 2019-2024 ($M) - Regional Industry Research
6.6 Tuna Market 2019-2024 ($M) - Regional Industry Research
7.South America Key Manufacturers Market 2019-2024 ($M)
7.1 Starkist Market 2019-2024 ($M) - Regional Industry Research
7.2 Bumble Bee Foods Market 2019-2024 ($M) - Regional Industry Research
7.3 Chicken of the Sea International Market 2019-2024 ($M) - Regional Industry Research
7.4 Crown Prince Market 2019-2024 ($M) - Regional Industry Research
7.5 Natural Sea Market 2019-2024 ($M) - Regional Industry Research
7.6 Roland Foods Corporation Market 2019-2024 ($M) - Regional Industry Research
7.7 Tri Marine International Market 2019-2024 ($M) - Regional Industry Research
7.8 High Liner Foods Market 2019-2024 ($M) - Regional Industry Research
7.9 Mazzetta Company Market 2019-2024 ($M) - Regional Industry Research
7.10 CamilAilmentos Market 2019-2024 ($M) - Regional Industry Research
7.11 GuangDong GanZhu Canned Foods Market 2019-2024 ($M) - Regional Industry Research
7.12 Gomes da Costa Market 2019-2024 ($M) - Regional Industry Research
8.South America Market by Type Market 2019-2024 ($M)
8.1 Caviar Market 2019-2024 ($M) - Regional Industry Research
8.2 Mackerel Market 2019-2024 ($M) - Regional Industry Research
8.3 Salmon Market 2019-2024 ($M) - Regional Industry Research
8.4 Sardines Market 2019-2024 ($M) - Regional Industry Research
8.5 Tuna Market 2019-2024 ($M) - Regional Industry Research
8.6 Tuna Market 2019-2024 ($M) - Regional Industry Research
9.Europe Key Manufacturers Market 2019-2024 ($M)
9.1 Starkist Market 2019-2024 ($M) - Regional Industry Research
9.2 Bumble Bee Foods Market 2019-2024 ($M) - Regional Industry Research
9.3 Chicken of the Sea International Market 2019-2024 ($M) - Regional Industry Research
9.4 Crown Prince Market 2019-2024 ($M) - Regional Industry Research
9.5 Natural Sea Market 2019-2024 ($M) - Regional Industry Research
9.6 Roland Foods Corporation Market 2019-2024 ($M) - Regional Industry Research
9.7 Tri Marine International Market 2019-2024 ($M) - Regional Industry Research
9.8 High Liner Foods Market 2019-2024 ($M) - Regional Industry Research
9.9 Mazzetta Company Market 2019-2024 ($M) - Regional Industry Research
9.10 CamilAilmentos Market 2019-2024 ($M) - Regional Industry Research
9.11 GuangDong GanZhu Canned Foods Market 2019-2024 ($M) - Regional Industry Research
9.12 Gomes da Costa Market 2019-2024 ($M) - Regional Industry Research
10.Europe Market by Type Market 2019-2024 ($M)
10.1 Caviar Market 2019-2024 ($M) - Regional Industry Research
10.2 Mackerel Market 2019-2024 ($M) - Regional Industry Research
10.3 Salmon Market 2019-2024 ($M) - Regional Industry Research
10.4 Sardines Market 2019-2024 ($M) - Regional Industry Research
10.5 Tuna Market 2019-2024 ($M) - Regional Industry Research
10.6 Tuna Market 2019-2024 ($M) - Regional Industry Research
11.APAC Key Manufacturers Market 2019-2024 ($M)
11.1 Starkist Market 2019-2024 ($M) - Regional Industry Research
11.2 Bumble Bee Foods Market 2019-2024 ($M) - Regional Industry Research
11.3 Chicken of the Sea International Market 2019-2024 ($M) - Regional Industry Research
11.4 Crown Prince Market 2019-2024 ($M) - Regional Industry Research
11.5 Natural Sea Market 2019-2024 ($M) - Regional Industry Research
11.6 Roland Foods Corporation Market 2019-2024 ($M) - Regional Industry Research
11.7 Tri Marine International Market 2019-2024 ($M) - Regional Industry Research
11.8 High Liner Foods Market 2019-2024 ($M) - Regional Industry Research
11.9 Mazzetta Company Market 2019-2024 ($M) - Regional Industry Research
11.10 CamilAilmentos Market 2019-2024 ($M) - Regional Industry Research
11.11 GuangDong GanZhu Canned Foods Market 2019-2024 ($M) - Regional Industry Research
11.12 Gomes da Costa Market 2019-2024 ($M) - Regional Industry Research
12.APAC Market by Type Market 2019-2024 ($M)
12.1 Caviar Market 2019-2024 ($M) - Regional Industry Research
12.2 Mackerel Market 2019-2024 ($M) - Regional Industry Research
12.3 Salmon Market 2019-2024 ($M) - Regional Industry Research
12.4 Sardines Market 2019-2024 ($M) - Regional Industry Research
12.5 Tuna Market 2019-2024 ($M) - Regional Industry Research
12.6 Tuna Market 2019-2024 ($M) - Regional Industry Research
13.MENA Key Manufacturers Market 2019-2024 ($M)
13.1 Starkist Market 2019-2024 ($M) - Regional Industry Research
13.2 Bumble Bee Foods Market 2019-2024 ($M) - Regional Industry Research
13.3 Chicken of the Sea International Market 2019-2024 ($M) - Regional Industry Research
13.4 Crown Prince Market 2019-2024 ($M) - Regional Industry Research
13.5 Natural Sea Market 2019-2024 ($M) - Regional Industry Research
13.6 Roland Foods Corporation Market 2019-2024 ($M) - Regional Industry Research
13.7 Tri Marine International Market 2019-2024 ($M) - Regional Industry Research
13.8 High Liner Foods Market 2019-2024 ($M) - Regional Industry Research
13.9 Mazzetta Company Market 2019-2024 ($M) - Regional Industry Research
13.10 CamilAilmentos Market 2019-2024 ($M) - Regional Industry Research
13.11 GuangDong GanZhu Canned Foods Market 2019-2024 ($M) - Regional Industry Research
13.12 Gomes da Costa Market 2019-2024 ($M) - Regional Industry Research
14.MENA Market by Type Market 2019-2024 ($M)
14.1 Caviar Market 2019-2024 ($M) - Regional Industry Research
14.2 Mackerel Market 2019-2024 ($M) - Regional Industry Research
14.3 Salmon Market 2019-2024 ($M) - Regional Industry Research
14.4 Sardines Market 2019-2024 ($M) - Regional Industry Research
14.5 Tuna Market 2019-2024 ($M) - Regional Industry Research
14.6 Tuna Market 2019-2024 ($M) - Regional Industry Research
LIST OF FIGURES
1.US Global Canned Fish Market Revenue, 2019-2024 ($M)2.Canada Global Canned Fish Market Revenue, 2019-2024 ($M)
3.Mexico Global Canned Fish Market Revenue, 2019-2024 ($M)
4.Brazil Global Canned Fish Market Revenue, 2019-2024 ($M)
5.Argentina Global Canned Fish Market Revenue, 2019-2024 ($M)
6.Peru Global Canned Fish Market Revenue, 2019-2024 ($M)
7.Colombia Global Canned Fish Market Revenue, 2019-2024 ($M)
8.Chile Global Canned Fish Market Revenue, 2019-2024 ($M)
9.Rest of South America Global Canned Fish Market Revenue, 2019-2024 ($M)
10.UK Global Canned Fish Market Revenue, 2019-2024 ($M)
11.Germany Global Canned Fish Market Revenue, 2019-2024 ($M)
12.France Global Canned Fish Market Revenue, 2019-2024 ($M)
13.Italy Global Canned Fish Market Revenue, 2019-2024 ($M)
14.Spain Global Canned Fish Market Revenue, 2019-2024 ($M)
15.Rest of Europe Global Canned Fish Market Revenue, 2019-2024 ($M)
16.China Global Canned Fish Market Revenue, 2019-2024 ($M)
17.India Global Canned Fish Market Revenue, 2019-2024 ($M)
18.Japan Global Canned Fish Market Revenue, 2019-2024 ($M)
19.South Korea Global Canned Fish Market Revenue, 2019-2024 ($M)
20.South Africa Global Canned Fish Market Revenue, 2019-2024 ($M)
21.North America Global Canned Fish By Application
22.South America Global Canned Fish By Application
23.Europe Global Canned Fish By Application
24.APAC Global Canned Fish By Application
25.MENA Global Canned Fish By Application