Canned Aquatic Products Market Forecasts, Market Trends and Impact Analysis (2024 - 2031)

The "Canned Aquatic Products Market" is focused on controlling cost, and improving efficiency. Moreover, the reports offer both the demand and supply aspects of the market. The Canned Aquatic Products market is expected to grow annually by 12.9% (CAGR 2024 - 2031).

This entire report is of 174 pages.

Canned Aquatic Products Introduction and its Market Analysis

The global Canned Aquatic Products market is expected to witness significant growth due to increasing consumer demand for convenient and healthy food options. Major factors driving revenue growth include growing awareness about the nutritional benefits of seafood, changing consumer lifestyles, and increasing disposable income. Key players in the market include Conagra Brands, Grupo Calvo, B&G Food, Ayam Brand, and others. The report highlights market trends, opportunities, challenges, and strategies for market players to capitalize on. Recommendations include focusing on product innovation, expanding distribution channels, and leveraging e-commerce platforms for increased market share.

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The global canned aquatic products market is segmented by type into fish type, shellfish type, and others. The market is further segmented by application into supermarkets and hypermarkets, convenience stores, online retailers, and others. Canned aquatic products are becoming increasingly popular due to their convenience and long shelf life.

Regulatory and legal factors specific to market conditions play a crucial role in the canned aquatic products industry. Government regulations regarding food safety, labeling, and packaging standards are closely monitored to ensure compliance with consumer health and safety. Additionally, import and export regulations can impact the availability and pricing of canned aquatic products in different regions.

Overall, the canned aquatic products market continues to grow as consumers seek convenient and healthy seafood options. With strict regulatory measures in place, companies in this industry must continuously adapt to market conditions to ensure compliance and provide high-quality products to meet consumer demand.

Top Featured Companies Dominating the Global Canned Aquatic Products Market

The canned aquatic products market is highly competitive with several key players operating globally. Some of the prominent companies in this market include Conagra Brands, Grupo Calvo, B&G Food, Ayam Brand, Bolton Group, Hormel Foods, Thai Union Frozen Products, Rhodes Food Group, Dongwon Industries, Kraft Heinz, Huanlejia, Shanghai Maling Aquarius Co., Ltd., LEASUN FOOD company, Gulong, Zishan group, and many others.

These companies offer a wide range of canned aquatic products such as tuna, salmon, sardines, anchovies, and other seafood items to cater to the diverse consumer preferences. They use various strategies such as product innovation, mergers and acquisitions, partnerships, and expanding distribution networks to grow their market presence.

Conagra Brands, for example, offers a variety of canned seafood products under brands like Chicken of the Sea and Bumble Bee. Grupo Calvo is a leading Spanish seafood company known for its sustainable fishing practices and quality canned seafood products. Thai Union Frozen Products is one of the largest seafood companies globally, offering a wide range of canned aquatic products.

In terms of sales revenue, Thai Union Frozen Products reported sales of $ billion in 2020, while Grupo Calvo reported sales of $1.4 billion in the same year. Hormel Foods, known for its Chicken of the Sea brand, reported sales of $9.6 billion in 2020.

Overall, these companies play a crucial role in driving the growth of the canned aquatic products market through their extensive product offerings, global presence, and strategic initiatives aimed at meeting consumer demand for convenient and sustainable seafood options.

• Conagra Brands
• Grupo Calvo
• B&G Food
• Ayam Brand
• Bolton Group
• Hormel Foods
• Thai Union Frozen Products
• Rhodes Food Group
• Dongwon Industries
• Kraft Heinz
• Huanlejia
• Shanghai Maling Aquarius Co.,Ltd.
• LEASUN FOOD company
• Gulong
• Zishan group

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Canned Aquatic Products Market Analysis, by Type:

• Fish Type
• Shellfish Type
• Others

Canned aquatic products can be categorized into three types: Fish Type, Shellfish Type, and Others (such as seaweed and algae). The variety in types of canned aquatic products helps to cater to different dietary preferences and cultural tastes, thereby widening the consumer base and boosting demand in the market. Fish Type products are rich in omega-3 fatty acids and protein, making them a popular choice among health-conscious consumers. Shellfish Type products are known for their unique flavors and textures, appealing to those looking for a premium seafood experience. The diverse offerings in the canned aquatic products market contribute to its continual growth and popularity.

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Canned Aquatic Products Market Analysis, by Application:

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

The application of canned aquatic products in supermarkets and hypermarkets involves offering a wide variety of seafood options to customers for easy purchase. Convenience stores stock these products for on-the-go meals. Online retailers provide the convenience of ordering seafood from the comfort of one's home. Other applications include hotels, restaurants, and food service providers. The fastest growing application segment in terms of revenue is online retailers, as more consumers are turning to online shopping for their seafood needs due to convenience and a wider selection of products available. Canned aquatic products provide a convenient and versatile option for consumers looking for quick and easy seafood meals.

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Canned Aquatic Products Industry Growth Analysis, by Geography:

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 aquatic products market is expected to experience significant growth in regions such as North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. North America, particularly the United States and Canada, is expected to dominate the market due to increasing consumer demand for convenient and healthy seafood options. Europe, with countries like Germany, France, and Italy, is also expected to have a significant market share. Asia-Pacific, led by China, Japan, and South Korea, is expected to see a rise in market share as well. Latin America and Middle East & Africa are projected to contribute to the market growth, with countries like Brazil and UAE playing a key role. Overall, North America and Europe are expected to have the highest market share percentage valuation, followed by Asia-Pacific, Latin America, and Middle East & Africa.

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