Canned Salmon Market - The Ultimate List of Business Statistics for 2023

As per the report published by The Brainy Insights, the global canned salmon market is expected to grow from USD 4.4 billion in 2022 to USD 7.11 billion by 2030, at a CAGR of 6.20% during the forecast period 2022-2030. North America region emerged as the largest market for the global canned salmon market with a 34.17% share of the market revenue in 2022. North America currently dominates the canned salmon market as per the (NMFS) U.S. National Marine Fisheries Service. The United States imported 153,250 tonnes of canned fish in the past. One of the important trends in the regional market is the increasing popularity of ready-to-cook dishes. Additionally, canned salmon sales in the region are being pushed by an expansion in the number of canned salmon manufacturers and the development of existing firms in response to growing demand. Also, in the European region, the fishing industry of Russia is believed to be the world’s fourth largest after the United States, China, and Japan. Increased seafood consumption has raised the prospect for the manufacturers of canned salmon in the region due to the number of tastes and species available for customers.

Leading companies in the industry include Bumble Bee Seafoods L.L.C, Canada Fishing Company (Canfisco), Freedom Foods Group Limited, Maruha Nichiro Corporation, Pataya Food Industries, Peter Pan Seafoods, Princes Group Limited, Safcol Co-op Limited, Tassal Group Limited, Thai Union Group Public Company Limited, among others which are offering greater opportunities and are continuously focused on new product developments and venture capital investments to obtain market share.

The product type segment is divided into chum salmon, sockeye salmon, coho salmon, and pink salmon. The sockeye segment dominated the market, with a market share of around 28.5% in 2022. The source segment is divided into farmed canned salmon and wild canned salmon. The farmed canned salmon segment dominated the market, with a market share of around 54.5% in 2022. The distribution channel segment is divided into specialty stores, online channels, hypermarket/supermarket, and others. The hypermarket/supermarket segment dominated the market, with a market share of around 27.2% in 2022.

The effect of nutritional food on the immune system has been well demonstrated. Recent research has underlined the necessity to get enough nutrients, such as protein during coronavirus, helps in improving the significance of canned salmon consumption in 2022. The Covid-19 situation positively affected the sales of non-perishable and extended shelf-life food products like canned salmon, which have a shelf life of one to five years. The need for canned salmon rose instantly as customers were willing to buy extended shelf-life products to stock up for future needs during the lockdown period.

Source: https://www.thebrainyinsights.com/report/canned-salmon-market-12956

Author Bio:

Avinash Dhanwani

Avinash Dhanwani is a Research Director, Brainy Insights Private Limited, monitoring & engaging with latest innovations and market development in beauty and cosmetics industry.

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