The Canned Seafood Global Market Report 2023, provides comprehensive information on the canned seafood market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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According to The Business Research Company’s discerning analysis delineated in the Canned Seafood Global Market Report for 2023, the anticipated trajectory of the global canned seafood market implies a substantial upswing. Projections posit an ascension from $31.56 billion in 2022 to $33.40 billion in 2023, manifesting a commendable compound annual growth rate (CAGR) of 5.8%. Nevertheless, the unforeseen geopolitical ramifications stemming from the Russia-Ukraine conflict have momentarily hampered the global economic resurgence post the COVID-19 pandemic. This geopolitical unrest has instigated economic sanctions, elevated commodity prices, and precipitated supply chain disruptions, thereby fomenting inflationary pressures across an array of goods and services, significantly influencing diverse markets worldwide. Despite these impediments, the global canned seafood market is poised to burgeon to $41.37 billion by 2027, maintaining a steadfast CAGR of 5.5%. This forecast underscores the resilience and adaptability of the canned seafood sector amidst complex geopolitical and economic landscapes, showcasing its ability to navigate challenges and maintain sustained growth.
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Product innovation has emerged as a key trend gaining popularity in the canned seafood market. Major market players operating in canned seafood market are concentrating their efforts on creating innovative products to strengthen their position in the market. For instance, in September 2021, John West Foods, a UK-based seafood marketing company, introduced a nutrient-rich canned tuna range in the functional food category. John West’s nutrient-rich tuna range is available in three different variants such as energy, heart, and immunity to offer heart function, enhanced immunity, and a high amount of vitamin B to help reduce tiredness and fatigue with ready-to-eat convenience to support busy and active lifestyles.
The canned seafood market is segmented:
1) By Type: Canned Fish, Canned Mollusks, Canned Crustaceans, Canned Cephalopods
2) By Distribution channel: Hypermarkets and Supermarkets, Convenience stores, Independent grocery stores, Specialty stores, Online retail
3) By End User: Households, Commercial
Europe was the largest region in the canned seafood market in 2022.
The table of contents in TBRC’s canned seafood market report includes:
1. Executive Summary
2. Canned Seafood Market Characteristics
3. Canned Seafood Market Trends And Strategies
4. Canned Seafood Market – Macro Economic Scenario
5. Canned Seafood Market Size And Growth
…
27. Canned Seafood Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Canned Seafood Market
29. Canned Seafood Market Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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