PUBLISHER: The Business Research Company | PRODUCT CODE: 1666465
PUBLISHER: The Business Research Company | PRODUCT CODE: 1666465
Canned seafood encompasses professionally prepared seafood that undergoes processing and sealing in airtight containers for human consumption. It serves as a convenient and cost-effective source of protein, omega-3 fatty acids, vitamins, and minerals, suitable for various culinary applications.
The primary categories of canned seafood include canned fish, canned mollusks, canned crustaceans, and canned cephalopods. Canned fish, such as tuna, salmon, mackerel, and sardines, undergo processing and are tightly sealed in tin cans with water, oil, or sauces to extend shelf life. These varieties are rich in minerals, protein, omega-3 and omega-6 fatty acids, vitamin D, vitamin B12, choline, iron, and iodine, making them valuable components of protein-rich diets. Distribution channels for canned seafood primarily include hypermarkets, supermarkets, convenience stores, independent grocery outlets, specialty stores, and online retail platforms. They are utilized both in household consumption and commercial settings.
The canned seafood market research report is one of a series of new reports from The Business Research Company that provides canned seafood market statistics, including canned seafood industry global market size, regional shares, competitors with a canned seafood market share, detailed canned seafood market segments, market trends and opportunities, and any further data you may need to thrive in the canned seafood industry. This canned seafood market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The canned seafood market size has grown strongly in recent years. It will grow from$35.27 billion in 2024 to $37.2 billion in 2025 at a compound annual growth rate (CAGR) of 5.5%. The growth in the historic period can be attributed to globalization of cuisine, increased health benefits, urbanization, busy lifestyles, rising disposable income, global trade
The canned seafood market size is expected to see strong growth in the next few years. It will grow to $47.47 billion in 2029 at a compound annual growth rate (CAGR) of 6.3%. The growth in the forecast period can be attributed to sustainability practices, clean label movement, e-commerce growth, premiumization of products, plant-based alternatives, regulatory compliance. Major trends in the forecast period include innovation in packaging, flavor innovation, ready-to-eat products, customization and personalization, cultural influences.
The increasing prevalence of health issues like heart disease and diabetes is expected to drive the growth of the canned seafood market. Heart disease encompasses conditions that affect the heart or blood vessels, such as coronary artery disease, heart failure, and arrhythmias. Canned seafood is a valuable source of omega-3 fatty acids, which provide several health benefits, including anti-inflammatory effects, lower triglycerides, reduced blood pressure, decreased blood clotting, and a reduced risk of strokes, heart failure, and irregular heartbeats. These benefits are crucial in managing chronic conditions like heart disease and diabetes. For instance, in September 2024, data from the British Heart Foundation revealed that approximately 7.6 million people in the UK suffer from heart and circulatory diseases, causing about 27% of all deaths, or over 170,000 deaths annually, which equates to roughly one death every three minutes. Additionally, in June 2024, the National Health Service reported that 3,615,330 people in the UK were diagnosed with pre-diabetes in 2023, a significant rise from 3,065,825 in 2022. This rise in chronic health issues is fueling the demand for canned seafood due to its health benefits.
The increasing favorability towards ready-to-eat seafood products is poised to drive the growth of the canned seafood market. Ready-to-eat seafood products encompass prepared and packaged seafood requiring no additional cooking or preparation before consumption. These products leverage canned seafood due to their sealed preservation, ensuring extended shelf life and convenience without refrigeration needs. For instance, according to ITC's Trade Map in March 2023, the United States remained the top importer of processed and canned tuna products, expecting an increase in canned tuna imports to reach 141 thousand tons in 2022, marking a 25% surge from 2021. Consequently, the rising preference for ready-to-eat seafood products propels the expansion of the canned seafood market.
Product innovation has become a significant trend in the canned seafood market, with major companies focusing on developing new and unique offerings to enhance their market presence. For example, in July 2023, Wild Planet Foods, a US-based canned seafood company, introduced a range of sustainably sourced seafood products. These include the Skipjack Solid Light Wild Tuna in Pure Olive Oil, which is 100% pole-and-line caught, hand-cut, and packed with sea salt and olive oil, delivering a silky texture and rich tuna flavor while being low in mercury. The Wild Smoked Pink Salmon in Extra Virgin Olive Oil is sourced from the Northeast Pacific and smoked with alder wood, giving it a sweet, smoky flavor, ideal for bagels or snacks. Additionally, the Wild Smoked Mackerel Fillets in Extra Virgin Olive Oil are hand-packed from sustainably sourced fish in the North Atlantic and Eastern Pacific, offering a flavorful combination of olive oil and sea salt. The Wild Pink Salmon 3-Pack features skinless, boneless salmon from small-scale fisheries in Alaska and British Columbia, perfect for quick salads or seafood dishes. Finally, the Wild Tuna Quinoa Salad Ready-To-Eat Meal combines skipjack tuna with organic quinoa, sweetcorn, zucchini, and peas, offering a nutritious, ready-made meal for consumers seeking both convenience and sustainability.
Major companies operating in the canned seafood market prioritize advanced solutions, such as innovative seafood items, to meet evolving consumer demands and expand their market presence. Advanced seafood items encompass creatively canned products utilizing specialized ingredients, processing methods, or enhanced flavors. For example, in July 2023, Wild Planet unveiled a ready-to-eat tuna quinoa salad sourced ethically from small fishers, minimizing environmental impact. The sustainably sourced selection includes Wild Smoked Pink Salmon, Wild Smoked Mackerel Fillets in Extra Virgin Olive Oil, canned Skipjack Solid White Light Tuna, a three-pack of Wild Pink Salmon, and the convenient ready-to-eat lunch option, the Wild Tuna Quinoa Salad.
In May 2024, Safe Catch, a seafood company based in the United States, acquired Scout for an undisclosed sum. This acquisition is intended to enhance Safe Catch's product offerings by incorporating Scout's premium canned seafood items, thereby expanding its market presence and reinforcing its commitment to sustainable sourcing. This move also targets health-conscious consumers who are looking for high-quality seafood options. Scout, a seafood company located in Canada, specializes in canned seafood products.
Major companies operating in the canned seafood market include StarKist Co., Maruha Nichiro Corporation, Wild Planet Foods Inc., Trident Seafoods Corporation, Connors Brothers Limited, Thai Union Group, Bumble Bee Foods LLC, Dongwon Food Co. Ltd., Nissui Corporation, American Tuna Inc., Universal Canning Incorporated, Tri Marine Group, Mowi ASA, Sajo Industries Co. Ltd., Nueva Pescanova S.L, Royal Greenland A/S, The Calvo Group, Austevoll Seafood ASA, Marine Harvest ASA, Nippon Suisan Kaisha Ltd., Century Pacific Food Inc., Bolton Group, OKAM, John West Foods, Clover Leaf Seafoods Company, Brunswick Seafood, Chicken of the Sea, Empresas Aquachile SA, Gomes da Costa, Empress International Ltd.
Europe was the largest region in the canned seafood market in 2024. South America is expected to be the fastest-growing region in the global canned seafood market during the forecast period. The regions covered in the canned seafood market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the canned seafood market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The canned seafood market consists of sales of canned shellfish, canned tuna, canned salmon, canned sardines, canned herring and canned mackerel. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Canned Seafood Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on canned seafood market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for canned seafood ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The canned seafood market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.