The Europe Canned Seafood Market would witness market growth of 5.0% CAGR during the forecast period (2022-2028).
Canned seafood is rapidly gaining traction among people all over the world. For example, Salmon is a popular fish due to its distinct flavor and a number of health perks that appeal to the worldwide population. Canned fish is high in protein, nutrition, and other essential nutrients including omega-3 fatty acids. Additionally, after being processed, prepared canned salmon is cooked before being placed in an airtight container.
The canned fish market is expanding due to increased knowledge of the health benefits afforded by canned seafood products. Canned seafood is abundant in omega-3 fatty acids, which are beneficial to one's overall health and well-being. Many varieties of seafood offer a reasonably high protein-to-calorie ratio, with around 7 grams of protein per ounce. Furthermore, as consumers' purchasing power grows, demand for prominent and exotic food items is increasing.
There is a rising demand for ready-to-eat meals as well as seafood items in the region. Furthermore, higher consumption of canned seafood is anticipated as the demand for high-shelf-life sea items rises. In the future years, the presence of major market players in the region, together with rising disposable income and shifting consumer preferences for ready-to-eat food, is projected to emerge as the primary factor driving market expansion. The sector is estimated to rise due to the growing population intake of seafood due to its high health advantages. Similarly, manufacturers are developing canned fish items that appeal to a wider range of audience. For example, Grupo Calvo launched canned tuna from the species Katsuwonus pelamis with a Marine Stewardship Council label in 2019. The product also has other added-value features, such as being crammed in organic extra virgin olive oil approved by the Galician Regulatory Council of Ecological Agriculture.
The Germany market dominated the Europe Canned Seafood Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $2,202.6 Million by 2028. The UK market is poised to grow at a CAGR of 4.2% during (2022 - 2028). Additionally, The France market would display a CAGR of 5.8% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Canned Seafood Market Size will Hit $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.
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