Published Date: 31-May-2022
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According to a new report, published by KBV research, The Global Canned Seafood Market size is expected to reach $42.1 billion by 2028, rising at a market growth of 5.3% CAGR during the forecast period.
The Retail segment acquired maximum revenue share in the Global Canned Seafood Market by Distribution Channel in 2021, thereby, achieving a market value of $27 billion by 2028. This is due to the increasing number of superstores, convenience stores, and others. Supermarkets, convenience stores, hypermarkets, grocery stores, and local businesses are all part of this channel. The increased number of these establishments across various locations has resulted in a boom in canned seafood distribution in the market. Moreover, convenience stores are the primary drivers of canned seafood. Therefore, the increasing access of people to these stores is one of the major factors that are driving the growth of this segment.
The Salmon segment is showcasing a CAGR of 5.6% during (2022 - 2028). The growth of this segment is constantly rising due to the rising availability of salmons all over the world. Salmon in one of the most easily accessible seafood, which is also very affordable. Therefore, canned salmon is rapidly gaining popularity among people with low or middle income. In addition, several nutrients are also present in this seafood, due to which, it is increasingly gaining popularity among people with fit and healthy lifestyles.
The Asia Pacific market dominated the Global Canned Seafood Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $18.9 billion by 2028. The Europe market is estimated to witness a CAGR of 5% during (2022 - 2028). Additionally, The North America market would experience a CAGR of 4.3% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/canned-seafood-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
By Distribution Channel
Unique Offerings from KBV Research
North America Canned Seafood Market Future Scope & Opportunities 2022-2028
Europe Canned Seafood Market Size & Growth Forecast 2022-2028
Asia Pacific Canned Seafood Market Size, Share & Industry Outlook to 2028
LAMEA Canned Seafood Market Growth, Trends & Forecasts 2022-2028