The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

• Historic Growth: From $33.4 billion in 2023 to $35.27 billion in 2024, driven by:
  • Globalization of cuisine
  • Increased health benefits
  • Urbanization and busy lifestyles
  • Rising disposable income
  • Global trade
• Forecasted Growth: Expected to reach $44.26 billion in 2028 with a CAGR of 5.8%, attributed to:
  • Sustainability practices
  • Clean label movement
  • E-commerce growth
  • Premiumization of products
  • Plant-based alternatives
• Major Trends: Include innovation in packaging, flavor, ready-to-eat products, and customization.

Heart Disease And Diabetes Concerns Fuel Canned Seafood Market

• Health Impact: Canned seafood addresses rising concerns of heart disease and diabetes.
• Benefits: Rich in omega-3 fatty acids, it offers:
  • Anti-inflammatory properties
  • Reduced risk of strokes and heart failure
  • Lowered blood pressure
• Statistics: For example, in the UK, heart disease claims many lives annually, while diabetes affects millions globally.
• Market Response: Key players like StarKist Co., Thai Union Group, and Maruha Nichiro Corporation capitalize on health-driven demand.

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Innovative Nutrient-Rich Canned Tuna Enhance Canned Seafood Market

• Product Innovation: Market leaders focus on creating innovative offerings.
• Example: John West Foods introduces a nutrient-rich canned tuna range catering to diverse health needs.
• Benefits: Offers heart function support, enhanced immunity, and fatigue reduction.
• Market Competitors: Companies like Wild Planet Foods Inc. and Trident Seafoods Corporation intensify competition through innovation.

Thai Union Group Expands Portfolio With Acquisition Of Rügen Fisch AG

• Strategic Acquisition: Thai Union Group acquires Rügen Fisch AG to bolster its portfolio.
• Synergies: Aims to drive business strategy and increase company group synergies.
• Market Impact: Diversifies product offerings and strengthens market presence.
• Global Reach: Expands reach into the German market and beyond.

Segmentation of Canned Seafood Market

• By Type: Includes canned fish, mollusks, crustaceans, and cephalopods.
• By Distribution Channel: Covers hypermarkets, supermarkets, convenience stores, online retail, etc.
• By End User: Targets households and commercial establishments.

Regional Dynamics

• Europe: Leads the canned seafood market in 2023.
• South America: Expected to witness the fastest growth during the forecast period.

In conclusion, the canned seafood market sails on the waves of health-conscious consumer trends, propelled by concerns over heart disease and diabetes. Innovation in product offerings, such as nutrient-rich canned tuna, keeps market players afloat in a competitive landscape. Strategic acquisitions, like Thai Union Group’s expansion into the German market, signal growth opportunities and market diversification. With segmented offerings and regional dynamics, the canned seafood market charts a course for sustained growth and global expansion in the coming years.

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The Canned Seafood Global Market Report 2024  provides an overview of the canned seafood market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The canned seafood market forecast analyzes canned seafood market size, canned seafood market share, leading competitor and their market positions.

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