Infinium Global Research has added a new report on Global Canned Seafood Market. The report covers the analysis of global as well as regional markets of Canned Seafood. Moreover, the report gives insights into the factors that affect the global as well as regional performance of the market in the short run and in the long run. According to the report, the global canned seafood market is projected to grow at a CAGR of 4.02% over the forecast period of 2019-2025.
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Canned Seafood Market: Industry Insight
Canned foods are the alternatives for fresh foods that can fulfill the demand for food supply where it is needed. Canned food particularly seafood is safe, cheap and is available in a wide range of products. Seafood is the best source of nutrients including monounsaturated fat, Sodium, Potassium, and Vitamin B. by preserving the seafood in cans the nutrient in the seafood can be retained for a longer period of time.
Canned Seafood Market: Drivers, Restraints & Opportunities
The rise in the consumer preference for ready-to-eat foods is majorly driving the canned seafood market. Growing industrialization and the rising working class population is increasing the demand for convenience foods. Moreover, lack of availability of fresh seafood especially in the cold regions of Europe and North America is expanding the demand for canned seafood. Furthermore, the health benefits of seafood are supporting the growth of the canned seafood market. Seafood is a good source of various nutrients including monounsaturated fat, Sodium, Potassium and Vitamin B. these nutrients are retained for a long time by preserving the seafood. However, lack of capital investment in the seafood industry is the major restraining factor for the growth of the canned seafood market. Nevertheless, the growing adoption of sustainable fish farming techniques is expected to offer lucrative opportunities for the key players in the Canned Seafood market.
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Canned Seafood Market: Segmentation
The canned seafood market is segmented on the basis of type. The types of canned seafood are classified into sardines, tuna, shrimps, prawns, salmon, and other seafood. The tuna segment held the largest market share among the type owing to the health benefits of the fish including the improved immune system, reduced blood pressure and strengthened bones. While the shrimps segment registered the highest growth in the canned seafood market owing to the high nutritional value and increasing demand from hotels and restaurants as shrimps are used in several cuisines.
Canned Seafood Market: Regional Insight
Regionally, Europe held the highest market share, dominating the global canned seafood market. The dominance of the Europe market attributed to the low availability of fresh fish in cold climatic conditions and high awareness regarding canned food among the population. Moreover, the presence of the key players in the market is expected to boost the growth of the canned seafood market in this region. Asia Pacific market for canned seafood witnessed a higher growth rate owing to the changing lifestyle of the consumers.
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