The global canned seafood market size is expected to reach
USD 27.8 billion by 2025, growing at a CAGR of 3.2% according to a new report
by Grand View Research, Inc. The industry is anticipated to grow on account of
rising demand for processed food due to ease of consumption.
The health benefits offered by canned sea food
such as essential nutrients added during canning process including vitamin B12,
D and A leading to the metabolism improvement, is expected to drive growth over
next eight years. In addition, high demand for the ready to eat seafood is
expected to translate into an increased product consumption.
The product offers health benefits including
improvement eye sight, reduced risk of depression, increased immunity. In
addition, the calcium content provided by this product helps in increasing bone
strength thereby driving the demand for such products. Use of sustainable fish
farming techniques is expected to result in an increased yield, leading to
abundance of raw material for the market.
Technological advancements in tuna fishing
with use of Fish Aggregating devices and advanced packaging technology for fish
products is anticipated drive the industry growth over the eight years. In
addition, improved packaging procedures with the use of RFID tags to improve
the product traceability and agglomeration is expected to increase the product
adoption by the consumers, thereby contributing to the market growth.
For full research report on Canned
Seafood Market visit here: https://www.grandviewresearch.com/industry-analysis/canned-seafood-market
Further key
findings from the report suggest:
- Sardines is expected
to emerge as the fastest growing segment growing at a CAGR 5.0%, by
revenue from 2017 to 2025 owing to the rising availability in ecommerce
coupled with increased health benefits offered by the product.
- The canned tuna
market is expected to account for 47.5% of the global volume due to
high consumer adoption coupled with superior taste of the product. In
addition, the industry is expected to benefit from the high production
volume of tuna primarily in Asia Pacific.
- The industry in Asia
Pacific is expected to grow at a CAGR of 4.1% by revenue, from 2017 to
2025 due to high product consumption by the consumers as a part of staple
diet primarily in China, Japan, and Thailand.
- A majority of the
products consumed across the globe are manufactured and canned in Asia
Pacific due to abundance of raw material coupled with presence of a large
number of canneries in the region.
- Key players operate
the business through mergers & acquisitions in order to increase the
market share. In addition, the companies produced varying customized
products in accordance to the export destinations of the product.
Get request sample of this report here: https://www.grandviewresearch.com/industry-analysis/canned-seafood-market/request/rs1
Grand
View Research has segmented the global canned seafood market on the basis of
product and region:
Canned
Seafood Product Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
- Tuna
- Salmon
- Sardines
- Other fish
- Prawns
- Shrimps
- Other seafood
Canned
Seafood Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Asia Pacific
- China
- Thailand
- Japan
- Vietnam
- Indonesia
- Israel
- Central & South
America
- Brazil
- Middle East &
Africa
- GCC
- East Africa
About Grand View Research
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
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