The Canned Seafood market study covers in-depth analyses of key players in terms of market, applications, and regions to help you identify domestic and international competition. The biggest rivals in the Canned Seafood market are discussed in the study in terms of company size, market share, market expansion, revenue, output volume, and profitability. By providing thorough profiles of companies and the goods/services they provide, it helps you better comprehend the competition. We use a variety of approaches, including competitive benchmarking, the BCG matrix, and others to determine the market share of companies in the Canned Seafood market.
Canned Seafood Market was valued at US$ 24.1 Bn. in 2021. The Global Canned Seafood Market size is expected to grow at a CAGR of 3.8 % through the forecast period.
Canned Seafood Market Overview:
People are becoming more health concerned in the Millennial generation, however many are unable to eat nutritional foods due to their hectic work schedules. Food in cans entered the market as a solution to this issue. Customers consume a lot of canned seafood because of its excellent nutritional value. Seafood in cans is low in harmful cholesterol and high in vital fatty acids, proteins, minerals, and vitamins. Sterilization can be accomplished using the canning method while fresh fish is packed in an airtight container. The product’s shelf life is increased and microbiological contamination is avoided throughout the canning process. The industry for canned fish has seen explosive expansion because to ready-to-eat cuisine. For a balanced diet, tuna and bluefish are generally favoured by consumers.
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Canned Seafood Market Segmentation
Based on the Product, Tuna segment holds the largest share and is expected to grow at a CAGR of 8.4% during the forecast period because of its high protein content. Tuna contains high Omega 3 fatty acids which help to improve health and reduce blood pressure, reduce depression, and help to improve the immune system. Shrimp also contains Omega 3 fatty acids and is known to reduce the risk of heart disease, stroke, and dementia.
Canned Seafood Market Key Players:
- AquaChile • Brunswick Seafood • Marine Harvest • Thai Union Group • Sajo Industries • Bumble Bee Seafoods • StarKist Co. • Wild Planet Foods • Connors Bros Ltd. • Tradient Seafoods • American Tuna, Inc. • Dongwon Industries • The Calvo Group • Simon Peter Fish & Meat Company • SANTHI Fisheries • Metarch Exports • The Fish & Meat Co. • Capital Fish Company
Canned Seafood Market Regional:
The Asia Pacific region dominated the market with a more than 35% share in 2021. In addition, the high demand for seafood and ready-to-eat products in the region is expected to drive the growth of the canned seafood market over the forecasted period. Also, the presence of the major key players makes the Asia Pacific region dominated the canned seafood market. North America and Europe are expected to witness a high growth rate in the canned seafood market owing to the increasing popularity of protein-rich diets in the region.
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COVID-19 Impact Analysis on Canned Seafood Market :
The impact of COVID-19 on the healthcare staffing market in North America, Asia Pacific, the Middle East, Europe, and South America is discussed in length in the research. The report provides a thorough analysis of the Healthcare Staffing market’s options, tough circumstances, and challenging potentialities during this crisis. The benefits and difficulties in financing and market expansion from the COVID-19 are outlined in the study. The paper also offers a set of guidelines that are intended to help readers choose and develop a strategy for their company.
About Report:
The reports also help understand the Canned Seafood Market dynamic and structure by analyzing the market segments and projecting the Canned Seafood Market size. Clear representation of competitive analysis of key players by product type, price, financial position, product portfolio, growth strategies, and regional presence in the Canned Seafood Market make the report investor’s guide.
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