Canned Seafood Market Research Report: Probable Key Development Trends, Regional Growth and Outlook Across by 2027
Market Overview:
With the concept of “open and eat” food products
gaining popularity due to compact packaging and the fast lifestyle of
consumers, the demand for canned seafood is growing. Market Research Future
(MRFR) has published a research report about global canned seafood market that
envisions boost for this market with 3.6% CAGR (Compound Annual Growth Rate)
for this market between 2017 and 2023. In terms of value, the market that is
worth the US $ 27.60 bn in 2017 is expected to be worth the US $ 33.90 bn in
2023.
Some of the key factors aiding the growth of global canned seafood market
include high shelf life of the products, increasing consumer inclination to
adopt healthy food habits, increasing popularity of ready to eat food products,
mounting growth of food service industry, and new product development.
Segment:
The global canned seafood market has been segmented
on the basis of the distribution channel, type, and region. Based on the
distribution channels, this market has been segmented into the store based and
non-store based. Although store-based distribution channel holds the larger
market share, the market share of non-store based is expected to rise rapidly
during the forecast period. By types, the market has been segmented into
prawns, salmon, sardines, shrimps, tuna, other fish, and others. Tuna is the
largest market segment among these whereas the sardines have been estimated to
emerge as the fastest growing market during the forecast period.
Regional Analysis:
The regional segmentation of the global canned
seafood market segments the market into continent-based regional markets known
as North America, Europe, South America, Asia Pacific, and the Middle East
& Africa (MEA). North America is a strong regional market due to
technological advancement, good refrigeration facilities, rising
health-conscious attitude among consumers, and the presence of many key market
players in this region. The primary country-specific markets in this region are
the United States of America (USA), Canada, and Mexico as these are the
strongest economies in this region. In South America, the strongest economies
that have the potential to emerge as strong markets include Argentina and
Brazil, followed by the rest of South America.
Europe is the largest regional market due to the high
density of population, consumers with a health-conscious lifestyle, and the
maximum technological advancement after North America. In this region, the
major country-specific markets are France, Germany, Spain, Italy, and the
United Kingdom (UK), followed by the rest of Europe.
According to the report, the Asia Pacific is expected
to emerge as the fastest growing regional market and during the forecast
period. The key reasons for the market growth are rapid urbanization, rising
disposable income, speedy economic development, and growing awareness about
health-conscious lifestyle among consumers. The primary country-specific
markets in this region are Australia, China, India, Japan, and New Zealand,
followed by the rest of the Asia Pacific region.
The MEA region shows a limited market with slow and
steady growth. The reasons for the slow market growth in this region are lack
of awareness about healthy lifestyle, old food habits, and lack of
technological advancement & proper refrigeration facilities.
Access Report@ https://www.marketresearchfuture.com/reports/canned-seafood-market-6703
Major Key Players:
Key players in the global canned seafood market
include American Tuna Inc., Bumble Bee Seafoods, C-Food International LLC,
Connors Bros. Ltd. (Brunswick Seafoods), Icicle Seafoods Inc., LDH (La Doria)
Ltd, Maruha Nichiro Corporation, Nippon Suisan Kaisha Ltd, Pegasus Food Co.
Ltd., StarKist Co., Thai Union Frozen Products, Trident Seafoods Corporation.,
Tri Marine Group, Universal Canning Inc., and Wild Planet Foods.
NOTE: Our Team of Researchers are Studying
Covid19 and its Impact on Various Industry Verticals and wherever required we
will be considering Covid19 Footprints for Better Analysis of Market and
Industries. Cordially get in Touch for More Details.
Contact us:
Market Research Future (part of Wantstats Research and Media
Private Limited),
99 Hudson Street,5Th Floor,
New York,
New York 10013,
United States of America
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