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