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Canned Fish Market size is estimated to reach $11.3 billion by 2027 – IndustryARC

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Canned Fish Market size is estimated to reach $11.3 billion by 2027 – IndustryARC

September 17
01:31 2022
Canned Fish Market size is estimated to reach $11.3 billion by 2027 - IndustryARC
Market Research Reports, Business Consulting Services & Analytics
Canned Fish Market size is estimated to reach $11.3 billion by 2027. Furthermore, it is poised to grow at a CAGR of 3.8% over the forecast period of 2022-2027.

Canned Fish Market size is estimated to reach $11.3 billion by 2027. Furthermore, it is poised to grow at a CAGR of 3.8% over the forecast period of 2022-2027. Canned Fish is a food fish that has been processed and is rich in protein and many other essential nutrients. Canned fish has high levels of valuable omega-3 fatty acids that are important for overall wellbeing and is increasingly being adopted as preserving food. Canned Seafood, such as tuna, salmon, sardines, prawns, and shrimps are increasingly being adopted by the young population across the world owing to the growing demand for protein foods and the rise in awareness about the benefits of seafood.

Competitive Landscape:

The top 5 players in the Canned Fish Market industry are –

1. John West

2. Karavela

3. Bolton Group

4. Wild Planet Foods

5. Marine Harvest

 

Interested in knowing more relevant information? Click here:

 https://www.industryarc.com/pdfdownload.php?id=513273

 

Segmental Analysis:

 1. Canned Fish market based on the type can be further segmented into Canned Albacore Tuna, Canned Anchovies, Canned Herring, Canned Pink Salmon, and Others. Canned Albacore Tuna held a dominant market share in the year 2021. The rise in the adoption of preserving foods and the increase in the number of product launches.

2. Canned Fish market based on Geography can be further segmented into North America, Europe, Asia-Pacific, South America, and the Rest of the World. North America held a dominant market share of 36% in the year 2021 as compared to its other counterparts. It is owing to the rise in the demand for canned prawns and shrimps and the rise in awareness about the health benefits of seafood. 

3. Canned Fish market based on the Distribution Channel can be further segmented into Supermarkets/Hypermarkets, Online Channels, Convenience Stores, and Others. The Supermarkets/Hypermarkets segment held a dominant market share in the year 2021. The growing demand for Canned Seafood, such as sardines, prawns, salmon, tuna, and shrimps in supermarkets is propelling the growth of the market. 

 

Report Coverage

Report Attributes

Details

By Type

Canned Albacore Tuna, Canned Anchovies, Canned Herring, Canned Pink Salmon

 

By Distribution Channel

Supermarkets/Hypermarkets, Online Channels, Convenience Stores

 

By End User

Household and Commercial

 

By Geography

North America, Europe, Asia-Pacific, South America and Rest of World

 

Get more detailed information about these segments in the report. Buy it here:

 https://www.industryarc.com/reports/request-quote?id=513273

 

Market Drivers and Challenges:

1. The growing demand for Canned Fish in the European region has readily aided the market growth : According to the European Market Observatory for Fisheries and Aquaculture Products (Eumofa), consumption of canned fish has significantly increased in Europe.he demand for canned fish has been experiencing a steady growth in the past years. The rise in trends, such as lunch at home and sustainability is further enhancing the consumption of canned seafood, such as sardines, prawns, salmon, and shrimps. 

2. The Rise in the Adoption of Canned Tuna has enhanced the growth of the Canned Fish Market : According to the National Fisheries Institute, canned tuna is the second most popular seafood product in the United States. Consumers in the country eat about 1 billion pounds of pouched and canned tuna each year and about 83% of canned tuna is eaten for lunch by the consumers in the country.

3. The Lack of Responsible Investments in Tuna Processing is impeding the market growth : The Major challenges faced in the fisheries sector are not limiting the promotion of investment, particularly in onshore processing, but also ensuring that the investment promotes responsible fishing. Parties to Nauru Tuna Sector Agreement (PNA) have informed the tuna industry participants to work with the PNA or risk losing access to its rich fishing grounds.

 

Why IndustryARC?

IndustryARC is one of the leading market research and consulting firms in the world. It produces over 500 unique market reports annually. Get detailed report on preferred market as per your specific requirements and our research experts would customize the report for you.

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USA: (+1) 614-588-8538,  (+1) 815-656-4596

 

Similar Reports: 

 

A. Canned Seafood Market

https://www.industryarc.com/Research/Canned-Seafood-Market-Research-504980

B. Fin Fish Market 

https://www.industryarc.com/Research/Fin-Fish-Market-Research-507307

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Website: https://www.industryarc.com/Research/Global-Canned-Fish-Market-Research-513273

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