Canned Seafood Industry size was valued at US$ 32.36 Bn US$ in 2023 and is expected to reach 42.02 Bn in 2030. The Global Canned Seafood Market is expected to grow at a CAGR of 3.8% through the forecast period.

Market Overview

• 2023 Market Size: Approximately USD 37.70 billion

• Projected 2032 Market Size: Around USD 63.64 billion

• CAGR (2024–2032): Estimated at 5.99%

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Growth Drivers

• Convenience: Canned seafood offers ready-to-eat meals with a long shelf life, catering to busy lifestyles.

• Health Awareness: Rich in omega-3 fatty acids, promoting heart health and overall well-being.

• Sustainability: Canned seafood is often considered a more sustainable option compared to fresh seafood.

• Global Trends: Social media and culinary trends have increased interest in gourmet canned seafood products.

Regional Insights

• North America: The U.S. canned seafood market is projected to grow steadily, driven by increasing demand for convenience and healthy eating.

• Europe: Countries like Spain and Portugal, with a long tradition of canned seafood consumption, continue to influence global trends.

• Asia-Pacific: The demand for canned seafood is increasing in countries like Japan and South Korea, fueled by rising health consciousness.

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Key Market Players

• Bumble Bee Foods: A leading producer of canned tuna and other seafood products.

• Thai Union Group: One of the world's largest seafood producers, offering a wide range of canned seafood items.

• Starkist: Known for its canned tuna products, catering to both retail and foodservice sectors.

• Chicken of the Sea: Offers a variety of canned seafood products, including tuna, salmon, and sardines.

Future Outlook

The canned seafood market is expected to continue its growth trajectory, driven by innovation in product offerings, expansion into emerging markets, and increasing consumer preference for convenient and healthy food options.