Canned Salmon and Tuna Market Research Report includes Analysis on Market Size, Share and Growth rate at 7.4% CAGR Forecasted from 2024 to 2031

Canned Salmon and Tuna Introduction

The Global Market Overview of "Canned Salmon and Tuna Market" offers a unique insight into key market trends shaping the industry world-wide and in the largest markets. Written by some of our most experienced analysts, the Global Industrial Reports are designed to provide key industry performance trends, demand drivers, trade, leading companies and future trends. The Canned Salmon and Tuna market is expected to grow annually by 7.4% (CAGR 2024 - 2031).

Canned Salmon and Tuna refer to fish that have been cooked, cleaned, deboned, and preserved in a can with various liquids such as oil, water, or brine. The purpose of canning these fish is to provide consumers with a convenient and long-lasting source of protein that can be easily incorporated into meals.

Some advantages of Canned Salmon and Tuna include their high protein content, omega-3 fatty acids, and versatility in dishes such as salads, sandwiches, and pasta. They also have a longer shelf life compared to fresh fish, making them a convenient option for quick and healthy meals.

The impact of Canned Salmon and Tuna on the market is significant as they cater to the growing demand for convenient and nutritious food options. With their popularity steadily increasing, the market for Canned Salmon and Tuna is expected to continue to grow in the coming years.

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Market Trends in the Canned Salmon and Tuna Market

- Sustainable sourcing: Consumers are increasingly concerned with the environmental impact of their food choices, leading to a rise in demand for sustainably sourced canned salmon and tuna.

- Clean label: Consumers are looking for products with minimal additives and preservatives, driving the popularity of clean label canned salmon and tuna options.

- Convenience: Busy lifestyles are driving the demand for convenient, ready-to-eat options like canned salmon and tuna that require minimal preparation.

- Plant-based alternatives: The popularity of plant-based diets has led to the development of canned seafood alternatives made from plant-based ingredients.

The canned salmon and tuna market is expected to grow as these trends continue to shape consumer preferences and drive innovation within the industry. By adapting to these trends, companies in the canned salmon and tuna market can capitalize on the increasing demand for sustainable, clean-label, convenient, and plant-based options.

Market Segmentation

The Canned Salmon and Tuna Market Analysis by types is segmented into:

• Tuna
• Salmon

Canned Salmon and Tuna are popular seafood products available in various types including pink, sockeye, and chum for salmon, and albacore, skipjack, and yellowfin for tuna. These different types cater to varied consumer preferences in terms of taste, texture, and nutritional attributes, leading to increased demand in the market. The versatility, convenience, and long shelf life of canned seafood also contribute to the growth of the Canned Salmon and Tuna market, making them popular choices for quick and nutritious meals.

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The Canned Salmon and Tuna Market Industry Research by Application is segmented into:

• Supermarkets and Hypermarkets
• Convenience Stores
• Online Retailers
• Others

Canned Salmon and Tuna are commonly found in supermarkets and hypermarkets, convenience stores, online retailers, and other food outlets. These products are often used for making salads, sandwiches, pasta dishes, and sushi rolls. The fastest growing application segment in terms of revenue is online retailers, as more consumers are turning to online shopping for their grocery needs. This trend is driven by the convenience and variety offered by online platforms, making it easier for consumers to access a wide range of canned seafood products.

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Geographical Spread and Market Dynamics of the Canned Salmon and Tuna Market

North America:

• United States


• Canada

Europe:

• Germany


• France


• U.K.


• Italy


• Russia

Asia-Pacific:

• China


• Japan


• South Korea


• India


• Australia


• China Taiwan


• Indonesia


• Thailand


• Malaysia

Latin America:

• Mexico


• Brazil


• Argentina Korea


• Colombia

Middle East & Africa:

• Turkey


• Saudi


• Arabia


• UAE


• Korea

The canned salmon and tuna market in North America is driven by increasing awareness of the health benefits of seafood, convenience of canned products, and growing consumer demand for sustainable and responsibly sourced options. In Europe, factors such as changing dietary preferences, rising disposable incomes, and increasing urbanization are contributing to market growth. In Asia-Pacific, the market is driven by the popularity of seafood in traditional diets, rapid urbanization, and rising disposable incomes. Latin America and Middle East & Africa are experiencing market growth due to increasing seafood consumption and growing demand for convenient and shelf-stable products. Key players in the market include Dongwon, Bumble Bee Foods, Thai Union Group, Crown Prince, Inc., Natural Sea, Wild Planet, American Tuna, Century Pacific Food, Frinsa del Noroeste, Hagoromo, Bolton Group, Grupo Calvo, Camil Alimentos, Goody, and Al Alali. These players are focusing on product innovation, strategic partnerships, and expanding their distribution networks to capitalize on market opportunities and achieve sustainable growth.

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Canned Salmon and Tuna Market Growth Prospects and Market Forecast

The CAGR for the Canned Salmon and Tuna Market is expected to be around % during the forecasted period. Innovative growth drivers for this market include the increasing consumer demand for convenient and healthy food options, rising awareness about the benefits of consuming seafood rich in omega-3 fatty acids, and the growing popularity of ready-to-eat meals.

To increase growth prospects, companies in the Canned Salmon and Tuna Market can deploy strategies such as introducing new flavors and packaging options to cater to diverse consumer preferences, leveraging digital marketing and e-commerce platforms to reach a wider audience, and focusing on sustainability practices to appeal to environmentally conscious consumers.

Trends that can further boost growth in this market include the rising popularity of seafood-based diets, the increasing demand for clean label and organic products, and the expansion of distribution channels to reach untapped markets. By capitalizing on these innovative strategies and trends, the Canned Salmon and Tuna Market is poised for steady growth in the coming years.

Canned Salmon and Tuna Market: Competitive Intelligence

• Dongwon
• Bumble Bee Foods
• Thai Union Group (TUF)
• Crown Prince, Inc.
• Natural Sea
• Wild Planet
• American Tuna
• Century Pacific Food
• Frinsa del Noroeste
• Hagoromo
• Bolton group
• Grupo Calvo
• Camil Alimentos
• Goody
• Al Alali

- Dongwon is a South Korean company that has been a key player in the canned tuna market for over 40 years. They are known for their sustainably sourced tuna and innovative packaging designs.

- Bumble Bee Foods is a well-known American brand that offers a range of canned seafood products, including tuna and salmon. They have a strong presence in the North American market and have been focusing on expanding their product line to cater to changing consumer preferences.

- Thai Union Group (TUF) is a global seafood company and one of the largest producers of canned tuna in the world. They have a strong presence in Asian and European markets and have been investing in sustainable fishing practices to meet consumer demand for responsible sourcing.

- Wild Planet is a leading brand in the sustainable seafood market, offering a range of canned tuna and salmon products. They have gained a loyal following for their commitment to environmentally friendly practices and high-quality products.

- American Tuna is a family-owned company that specializes in pole and line-caught canned albacore tuna. They focus on small-batch processing to ensure quality and have been recognized for their commitment to sustainable fishing practices.

- Grupo Calvo is a Spanish company with a strong presence in the canned seafood market. They offer a wide range of products, including tuna, salmon, and sardines, and have been expanding their market reach through strategic partnerships and acquisitions.

- Dongwon revenue: $ billion

- Thai Union Group (TUF) revenue: $4.1 billion

- Bumble Bee Foods revenue: $2.3 billion

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