The Asia Pacific Canned Seafood Market would witness market growth of 5.8% CAGR during the forecast period (2022-2028).
Higher consumption of canned seafood is anticipated as demand for high-shelf-life sea items rises. In addition, rising disposable income and shifting customer preferences for ready-to-eat meals are expected to be the key drivers of market expansion in the coming years. The industry is expected to rise due to the growing population consuming seafood due to its high health advantages, Due to a significant increase in disposable incomes, changing standards of life, and convenience.
Canned tuna is a healthy dinner or lunch option because it is high in protein and low in fat. It also contains omega-3 fatty acids, which can help to enhance blood vessel function, lower blood pressure, and lower the risk of cardiovascular disease. Depending on what they're canned in, canned tuna can be high in salt. As people are becoming more health-conscious, they also prefer to gain knowledge about what are they eating. hence, market players are also mentioning the ingredients along with their proportions. People are more tend to prefer one with less than 400mg per 100g.
The Asia Pacific is expected to witness an increase in canned seafood product adoption due to the enormous amount of raw material available and the big number of aquaculture canneries in the region. Additionally, the Asia Pacific market would be driven by the ever-increasing demand for ready-to-cook seafood products in emerging economies. The presence of some of the most well-known canned seafood brands would help the regional market grow even further. New seafood products are being developed in response to the increased popularity of dining in bars, cafes, and restaurants. The increased demand for shelf-stable foods in such channels would augur well for the regional market. Japan's demand for canned salmon is significantly high due to its high seafood consumption. The rapidly surging demand for protein-based food items among health-conscious customers in the country is one of the primary drivers for the regional canned seafood market.
The China market dominated the Asia Pacific Canned Seafood Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $5,363.2 Million by 2028. The Japan market is anticipated to grow at a CAGR of 5.2% during (2022 - 2028). Additionally, The India market would showcase a CAGR of 6.5% during (2022 - 2028).
Based on Distribution Channel, the market is segmented into Retail and Foodservices. Based on Product, the market is segmented into Tuna, Salmon, Prawns, Shrimps, Sardines, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Canned Seafood Market is Projected to reach USD 42.1 Billion by 2028, at a CAGR of 5.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include F.C.F. Fishery Co., Ltd., StarKist (Dongwon Industries), Nippon Suisan Kaisha, Ltd., Universal Canning, Inc., LDH (La Doria) Ltd., Thai Union Group PLC, American Tuna, Inc., Maruha Nichiro Corporation, Wild Planet Foods, Inc., and Trident Seafoods Corporation.
Scope of the Study
Market Segments Covered in the Report:
By Distribution Channel
By Product
- Tuna
- Salmon
- Prawns
- Shrimps
- Sardines
- Others
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- F.C.F. Fishery Co., Ltd.
- StarKist (Dongwon Industries)
- Nippon Suisan Kaisha, Ltd.
- Universal Canning, Inc.
- LDH (La Doria) Ltd.
- Thai Union Group PLC
- American Tuna, Inc.
- Maruha Nichiro Corporation
- Wild Planet Foods, Inc.
- Trident Seafoods Corporation
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Canned Seafood Market, by Distribution Channel
1.4.2 Asia Pacific Canned Seafood Market, by Product
1.4.3 Asia Pacific Canned Seafood Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Asia Pacific Canned Seafood Market by Distribution Channel
3.1 Asia Pacific Retail Market by Country
3.2 Asia Pacific Foodservices Market by Country
Chapter 4. Asia Pacific Canned Seafood Market by Product
4.1 Asia Pacific Tuna Market by Country
4.2 Asia Pacific Salmon Market by Country
4.3 Asia Pacific Prawns Market by Country
4.4 Asia Pacific Shrimps Market by Country
4.5 Asia Pacific Sardines Market by Country
4.6 Asia Pacific Others Market by Country
Chapter 5. Asia Pacific Canned Seafood Market by Country
5.1 China Canned Seafood Market
5.1.1 China Canned Seafood Market by Distribution Channel
5.1.2 China Canned Seafood Market by Product
5.2 Japan Canned Seafood Market
5.2.1 Japan Canned Seafood Market by Distribution Channel
5.2.2 Japan Canned Seafood Market by Product
5.3 India Canned Seafood Market
5.3.1 India Canned Seafood Market by Distribution Channel
5.3.2 India Canned Seafood Market by Product
5.4 South Korea Canned Seafood Market
5.4.1 South Korea Canned Seafood Market by Distribution Channel
5.4.2 South Korea Canned Seafood Market by Product
5.5 Singapore Canned Seafood Market
5.5.1 Singapore Canned Seafood Market by Distribution Channel
5.5.2 Singapore Canned Seafood Market by Product
5.6 Malaysia Canned Seafood Market
5.6.1 Malaysia Canned Seafood Market by Distribution Channel
5.6.2 Malaysia Canned Seafood Market by Product
5.7 Rest of Asia Pacific Canned Seafood Market
5.7.1 Rest of Asia Pacific Canned Seafood Market by Distribution Channel
5.7.2 Rest of Asia Pacific Canned Seafood Market by Product
Chapter 6. Company Profiles
6.1 F.C.F. Fishery Co., Ltd (Bumble Bee Foods, LLC)
6.1.1 Company Overview
6.1.2 Recent strategies and developments:
6.1.2.1 Partnerships, Collaborations, and Agreements:
6.1.2.2 Product Launches and Product Expansions:
6.2 StarKist (Dongwon Industries)
6.2.1 Company Overview
6.3 Nippon Suisan Kaisha, Ltd.
6.3.1 Company Overview
6.4 Universal Canning, Inc.
6.4.1 Company Overview
6.5 LDH (La Doria) Ltd.
6.5.1 Company Overview
6.6 Thai Union Group PLC
6.6.1 Company Overview
6.6.2 Financial Analysis
6.6.3 Segmental and Regional Analysis
6.6.4 Research & Development Expense
6.6.5 Recent Strategies and Developments
6.6.5.1 Acquisitions and Mergers:
6.7 American Tuna, Inc.
6.7.1 Company Overview
6.8 Maruha Nichiro Corporation
6.8.1 Company Overview
6.8.2 Financial Analysis
6.8.3 Segmental Analysis
6.9 Wild Planets Foods, Inc.
6.9.1 Company Overview
6.10. Trident Seafoods Corporation
6.10.1 Company Overview
TABLE 1 Asia Pacific Canned Seafood Market, 2018 - 2021, USD Million
TABLE 2 Asia Pacific Canned Seafood Market, 2022 - 2028, USD Million
TABLE 3 Asia Pacific Canned Seafood Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 4 Asia Pacific Canned Seafood Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 5 Asia Pacific Retail Market by Country, 2018 - 2021, USD Million
TABLE 6 Asia Pacific Retail Market by Country, 2022 - 2028, USD Million
TABLE 7 Asia Pacific Foodservices Market by Country, 2018 - 2021, USD Million
TABLE 8 Asia Pacific Foodservices Market by Country, 2022 - 2028, USD Million
TABLE 9 Asia Pacific Canned Seafood Market by Product, 2018 - 2021, USD Million
TABLE 10 Asia Pacific Canned Seafood Market by Product, 2022 - 2028, USD Million
TABLE 11 Asia Pacific Tuna Market by Country, 2018 - 2021, USD Million
TABLE 12 Asia Pacific Tuna Market by Country, 2022 - 2028, USD Million
TABLE 13 Asia Pacific Salmon Market by Country, 2018 - 2021, USD Million
TABLE 14 Asia Pacific Salmon Market by Country, 2022 - 2028, USD Million
TABLE 15 Asia Pacific Prawns Market by Country, 2018 - 2021, USD Million
TABLE 16 Asia Pacific Prawns Market by Country, 2022 - 2028, USD Million
TABLE 17 Asia Pacific Shrimps Market by Country, 2018 - 2021, USD Million
TABLE 18 Asia Pacific Shrimps Market by Country, 2022 - 2028, USD Million
TABLE 19 Asia Pacific Sardines Market by Country, 2018 - 2021, USD Million
TABLE 20 Asia Pacific Sardines Market by Country, 2022 - 2028, USD Million
TABLE 21 Asia Pacific Others Market by Country, 2018 - 2021, USD Million
TABLE 22 Asia Pacific Others Market by Country, 2022 - 2028, USD Million
TABLE 23 Asia Pacific Canned Seafood Market by Country, 2018 - 2021, USD Million
TABLE 24 Asia Pacific Canned Seafood Market by Country, 2022 - 2028, USD Million
TABLE 25 China Canned Seafood Market, 2018 - 2021, USD Million
TABLE 26 China Canned Seafood Market, 2022 - 2028, USD Million
TABLE 27 China Canned Seafood Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 28 China Canned Seafood Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 29 China Canned Seafood Market by Product, 2018 - 2021, USD Million
TABLE 30 China Canned Seafood Market by Product, 2022 - 2028, USD Million
TABLE 31 Japan Canned Seafood Market, 2018 - 2021, USD Million
TABLE 32 Japan Canned Seafood Market, 2022 - 2028, USD Million
TABLE 33 Japan Canned Seafood Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 34 Japan Canned Seafood Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 35 Japan Canned Seafood Market by Product, 2018 - 2021, USD Million
TABLE 36 Japan Canned Seafood Market by Product, 2022 - 2028, USD Million
TABLE 37 India Canned Seafood Market, 2018 - 2021, USD Million
TABLE 38 India Canned Seafood Market, 2022 - 2028, USD Million
TABLE 39 India Canned Seafood Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 40 India Canned Seafood Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 41 India Canned Seafood Market by Product, 2018 - 2021, USD Million
TABLE 42 India Canned Seafood Market by Product, 2022 - 2028, USD Million
TABLE 43 South Korea Canned Seafood Market, 2018 - 2021, USD Million
TABLE 44 South Korea Canned Seafood Market, 2022 - 2028, USD Million
TABLE 45 South Korea Canned Seafood Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 46 South Korea Canned Seafood Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 47 South Korea Canned Seafood Market by Product, 2018 - 2021, USD Million
TABLE 48 South Korea Canned Seafood Market by Product, 2022 - 2028, USD Million
TABLE 49 Singapore Canned Seafood Market, 2018 - 2021, USD Million
TABLE 50 Singapore Canned Seafood Market, 2022 - 2028, USD Million
TABLE 51 Singapore Canned Seafood Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 52 Singapore Canned Seafood Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 53 Singapore Canned Seafood Market by Product, 2018 - 2021, USD Million
TABLE 54 Singapore Canned Seafood Market by Product, 2022 - 2028, USD Million
TABLE 55 Malaysia Canned Seafood Market, 2018 - 2021, USD Million
TABLE 56 Malaysia Canned Seafood Market, 2022 - 2028, USD Million
TABLE 57 Malaysia Canned Seafood Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 58 Malaysia Canned Seafood Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 59 Malaysia Canned Seafood Market by Product, 2018 - 2021, USD Million
TABLE 60 Malaysia Canned Seafood Market by Product, 2022 - 2028, USD Million
TABLE 61 Rest of Asia Pacific Canned Seafood Market, 2018 - 2021, USD Million
TABLE 62 Rest of Asia Pacific Canned Seafood Market, 2022 - 2028, USD Million
TABLE 63 Rest of Asia Pacific Canned Seafood Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 64 Rest of Asia Pacific Canned Seafood Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 65 Rest of Asia Pacific Canned Seafood Market by Product, 2018 - 2021, USD Million
TABLE 66 Rest of Asia Pacific Canned Seafood Market by Product, 2022 - 2028, USD Million
TABLE 67 Key InforTmation – F.C.F. Fishery Co., Ltd.
TABLE 68 Key information – StarKist
TABLE 69 Key Information – Nippon Suisan Kaisha, Ltd.
TABLE 70 key information – Universal Canning, Inc.
TABLE 71 Key information – LDH (La Doria) Ltd.
TABLE 72 Key Information – Thai Union Group PLC
TABLE 73 key Information – American Tuna, Inc.
TABLE 74 Key information – Maruha Nichiro Corporation
TABLE 75 Key Information – Wild Planet Foods, Inc.
TABLE 76 Key information – Trident Seafoods Corporation
List of Figures
FIG 1 Methodology for the research