Global Tinned Fish amp Seafood Market by Type (Tuna, Salmon, Sardines, Other fish, Prawns, Shrimps, Other seafood), By Application (Residential, Commercial, Others) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028
The global tinned fish and seafood market is forecast to grow at a CAGR of 3.6% from 2018 to 2028. The demand for tinned fish and seafood has been growing in the last few years due to their convenience and affordability when compared with fresh fish or meat products. Demand for these products is also being driven by increasing consumption of ready-to-eat meals among consumers worldwide as well as health benefits associated with it such as increased protein intake which helps maintain lean muscle mass and reduces the risk of obesity.
Cooked product of seafood or fish that is packed in airtight tins. It can be cooked by the consumption of heat, such as cooking with steam; it does not need to be reheated before being eaten. Tinned Fish and Seafood is a prepared food product consisting of fish or seafood, with the exception of any products that are cured in oil. It includes all canned seafood (e.g., tuna, salmon) as well as tinned crustaceans and mollusks (e.g., sardines). The tinned fish market encompasses all types of products including tuna (fresh), salmon (raw/frozen) sardines other fish prawns shrimp other seafood, etc. The demand for canned foods has increased due to their convenience and safety.
On the basis of type, the global tinned fish and seafood market is segmented into tuna, salmon, sardines, and other fish.
Tuna
Tuna is a saltwater fish belonging to the Scombridae family which can be found in both deep and shallow waters all over the world. Due to its high nutritional value, tuna has been consumed by humans since prehistoric times; it was first canned around 1911. Today's most popular varieties of tuna include Albacore, Big-eye, Bluefin, Skipjack, Yellowfin, and Southern bluefin.
Throughout the world, canned tuna is one of the most popular seafood and it has a variety of applications in different types of food products. It can be found in form of chunks or as cooked meat; furthermore, there are various preservatives such as oil, water, surimi, vegetable broth, and salt. The main producers for this type include Thailand, Vietnam, Indonesia, and China. These countries export their product to other parts of the Asia Pacific region mainly Singapore and Malaysia. Some companies which import tinned fish from these countries to Europe are Heinz (UK), Unilever (Netherlands), and Nestle (Switzerland).
Salmon
Salmon is both an ocean-going and freshwater fish. The worldwide production of salmon is more than 11 million tons and it has been increasing steadily during the past few years due to its high demand in the Asia Pacific region with a large population base. Salmon products such as canned or smoked can be found on supermarket shelves, mainly throughout Australia, Japan, Korea, and Singapore. A significant part of this market goes through Thailand which exports its product to Laos, Indonesia, and China. There are other countries also exporting these types; for instance Philippines (to Malaysia), India (mainly Nepal).
Sardines
Sardines are small oily fishes belonging to the herring family. As they live near coasts, sardine fishing gear consists mostly of nets or purse seines. Sardine markets are almost exclusively in Mediterranean and Black Sea countries, with the largest producers being Spain, Greece, and France. The main consumers of sardine products come from Italy, Portugal, Morocco, Tunisia, and Algeria.
Spain is the leading exporter to the USA followed by Mexico, Chile, Peru.Turkey imports only canned fish (sardines). The consumption of fresh sardines is rare but they can be found along coasts in Europe as an alternative source for a daily omega-three intake.
On the basis of application, the global tinned fish and seafood market is segmented into residential, commercial, others.
Residential
The residential application of tinned fish and seafood is the use of tinned fish as a source of protein for people who do not have or cannot afford access to fresh sources. This group includes old-age homes, low-income households with children, hospitals, etc. Residential applications accounted for the highest share of total demand in 2017. The growing popularity of processed food products among consumers may result in increased demand for canned fish and seafood marketed as convenient snacks or ingredients in recipes.
Commercial
The commercial application of tinned fish and seafood is the use of canned products as food for people in restaurants, hotels, etc. Commercial applications include small-scale canners such as restaurants to large-scale processors like supermarkets which need mass distribution through a chain of retailers. Rising demands from fast-food chains coupled with high adoption rates of convenience foods will propel the growth of this sector over the coming years. Other application includes other uses such as exports mainly to Asian countries including Japan, China, and South Korea where there are cultural preferences for consuming fresh tuna but also Thailand that imports frozen salmon.
On the basis of region, the global tinned fish and seafood market is segmented into North America, Europe, Asia Pacific, and Middle East & Africa. North American is the biggest market for tinned fish in terms of revenue as it accounted for more than 50% share value in 2017, owing to a large population base and high per capita consumption levels.
In China, the tinned fish and seafood market is forecast to grow at a CAGR of 13.39% during 2018-2028; North America will continue to be the largest regional market for Tinned Fish & Seafood in terms of revenue. The region also has high per capita consumption levels compared with other regions across the Asia Pacific, Europe, Middle East & Africa as well as Latin America.
Growth Factors
There are a number of factors that drive the growth of the tinned fish and seafood market. Population, per capita income, and macroeconomic conditions are some key drivers for this industry. Additionally, consumers' preference for convenience food is one such factor that has led to an increase in demand for processed foods or canned fish products. Further, as people become more health conscious they also prefer eating healthier packaged food items such as canned tuna than fresh ones. This trend will help boost the global tinned fish and seafood market over the forecast period (2019-2028).
Up Market Research published a new report titled “Tinned Fish amp Seafood Market research report which is segmented by Types (Tuna, Salmon, Sardines, Other fish, Prawns, Shrimps, Other seafood), By Applications (Residential, Commercial, Others), By Players/Companies Austevoll Seafood ASA, Thai Union Frozen Products, Bumble Bee Seafoods, StarKist, Wild Planet Foods, Trident seafood, Connors Bros”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
Report Scope
Report Attributes | Report Details |
Report Title | Tinned Fish amp Seafood Market Research Report |
By Type | Tuna, Salmon, Sardines, Other fish, Prawns, Shrimps, Other seafood |
By Application | Residential, Commercial, Others |
By Companies | Austevoll Seafood ASA, Thai Union Frozen Products, Bumble Bee Seafoods, StarKist, Wild Planet Foods, Trident seafood, Connors Bros |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 237 |
Number of Tables & Figures | 166 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
Global Tinned Fish amp Seafood Market Report Segments:
The market is segmented by Type Tuna, Salmon, Sardines, Other fish, Prawns, Shrimps, Other seafood and By Application Residential, Commercial, Others.
Some of the companies that are profiled in this report are:
- Austevoll Seafood ASA
- Thai Union Frozen Products
- Bumble Bee Seafoods
- StarKist
- Wild Planet Foods
- Trident seafood
- Connors Bros
Tinned Fish amp Seafood Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
- Industry drivers, restraints, and opportunities covered in the study
- Neutral perspective on the market performance
- Recent industry trends and developments
- Competitive landscape & strategies of key players
- Potential & niche segments and regions exhibiting promising growth covered
- Historical, current, and projected market size, in terms of value
- In-depth analysis of the Tinned Fish amp Seafood Market
Overview of the regional outlook of the Tinned Fish amp Seafood Market:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
Highlights of The Tinned Fish amp Seafood Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of Tinned Fish amp Seafood Market.
- Historical data and forecast.
- Estimations for the forecast period 2028.
- Developments and trends in the market.
- By Type:
1. Tuna
2. Salmon
3. Sardines
4. Other fish
5. Prawns
6. Shrimps
7. Other seafood
7. By Application:1. Residential
2. Commercial
3. Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Tinned Fish amp Seafood Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
Reasons to Purchase the Tinned Fish amp Seafood Market Report:
- The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
- Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
- Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
- The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
- Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Tinned Fish amp Seafood Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Tinned Fish amp Seafood Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Tinned Fish amp Seafood Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Tinned Fish amp Seafood Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Tinned Fish amp Seafood Market Size & Forecast, 2018-2028
4.5.1 Tinned Fish amp Seafood Market Size and Y-o-Y Growth
4.5.2 Tinned Fish amp Seafood Market Absolute $ Opportunity
Chapter 5 Global Tinned Fish amp Seafood Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Tinned Fish amp Seafood Market Size Forecast by Type
5.2.1 Tuna
5.2.2 Salmon
5.2.3 Sardines
5.2.4 Other fish
5.2.5 Prawns
5.2.6 Shrimps
5.2.7 Other seafood
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Tinned Fish amp Seafood Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Tinned Fish amp Seafood Market Size Forecast by Applications
6.2.1 Residential
6.2.2 Commercial
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Tinned Fish amp Seafood Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Tinned Fish amp Seafood Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Tinned Fish amp Seafood Analysis and Forecast
9.1 Introduction
9.2 North America Tinned Fish amp Seafood Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Tinned Fish amp Seafood Market Size Forecast by Type
9.6.1 Tuna
9.6.2 Salmon
9.6.3 Sardines
9.6.4 Other fish
9.6.5 Prawns
9.6.6 Shrimps
9.6.7 Other seafood
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Tinned Fish amp Seafood Market Size Forecast by Applications
9.10.1 Residential
9.10.2 Commercial
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Tinned Fish amp Seafood Analysis and Forecast
10.1 Introduction
10.2 Europe Tinned Fish amp Seafood Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Tinned Fish amp Seafood Market Size Forecast by Type
10.6.1 Tuna
10.6.2 Salmon
10.6.3 Sardines
10.6.4 Other fish
10.6.5 Prawns
10.6.6 Shrimps
10.6.7 Other seafood
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Tinned Fish amp Seafood Market Size Forecast by Applications
10.10.1 Residential
10.10.2 Commercial
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Tinned Fish amp Seafood Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Tinned Fish amp Seafood Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Tinned Fish amp Seafood Market Size Forecast by Type
11.6.1 Tuna
11.6.2 Salmon
11.6.3 Sardines
11.6.4 Other fish
11.6.5 Prawns
11.6.6 Shrimps
11.6.7 Other seafood
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Tinned Fish amp Seafood Market Size Forecast by Applications
11.10.1 Residential
11.10.2 Commercial
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Tinned Fish amp Seafood Analysis and Forecast
12.1 Introduction
12.2 Latin America Tinned Fish amp Seafood Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Tinned Fish amp Seafood Market Size Forecast by Type
12.6.1 Tuna
12.6.2 Salmon
12.6.3 Sardines
12.6.4 Other fish
12.6.5 Prawns
12.6.6 Shrimps
12.6.7 Other seafood
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Tinned Fish amp Seafood Market Size Forecast by Applications
12.10.1 Residential
12.10.2 Commercial
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Tinned Fish amp Seafood Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Tinned Fish amp Seafood Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Tinned Fish amp Seafood Market Size Forecast by Type
13.6.1 Tuna
13.6.2 Salmon
13.6.3 Sardines
13.6.4 Other fish
13.6.5 Prawns
13.6.6 Shrimps
13.6.7 Other seafood
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Tinned Fish amp Seafood Market Size Forecast by Applications
13.10.1 Residential
13.10.2 Commercial
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Tinned Fish amp Seafood Market: Competitive Dashboard
14.2 Global Tinned Fish amp Seafood Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Austevoll Seafood ASA
14.3.2 Thai Union Frozen Products
14.3.3 Bumble Bee Seafoods
14.3.4 StarKist
14.3.5 Wild Planet Foods
14.3.6 Trident seafood
14.3.7 Connors Bros