Market Research Report
Canned Salmon Market by Nature (Wild and Farmed), Type (Fillet, Chunk, and Minced), and Sales Channel (Hypermarket/Supermarket, Specialty Stores, Online Channels, and Others): Global Opportunity Analysis and Industry Forecast, 2021-2030
|Canned Salmon Market by Nature (Wild and Farmed), Type (Fillet, Chunk, and Minced), and Sales Channel (Hypermarket/Supermarket, Specialty Stores, Online Channels, and Others): Global Opportunity Analysis and Industry Forecast, 2021-2030|
Published: January 14, 2022
Allied Market Research
Content info: 278 Pages
Delivery time: 2-3 business days
Canned salmon is a kind of commercially produced fish that has been sanitized and stored in tightly sealed containers after being heated. Canning food products help to preserve food and extend its shelf life. Salmon is a healthy fish as it has a distinct flavor and a number of health benefits that appeal to a wide range of people.
Technological developments in salmon aquaculture have enhanced the canned salmon market. Improved harvesting methods, fillet yield optimization, and cost-effective transportation & packaging solutions have propelled the market forward. AI-based methods for value chain optimization and improved seawater-phase manufacturing efficiency are being developed. The rate of patenting in the salmon farming industry has increased dramatically in the recent two decades, according to Zacco (Norwegian patenting agency).
Significant R&D is being carried out in numerous areas, with the most significant developments being observed in the feed, sea lice management, and vaccination sectors, all of which are being carried out by huge global firms. The majority of producers in this business are modest and lack the financial resources to conduct and supervise big R&D projects. In the projected term, this is expected to revolutionize the salmon farming business, which is anticipated to drive the canned salmon market.
In addition, increased consumer awareness of the health advantages of seafood, as well as change in consumer lifestyle can be credited to the growth of the canned salmon market. Consumers who are not vegetarians gradually modify their lifestyles and adopt pescetarianism. Pescetarianism is a diet that includes seafood however excludes meats such as beef, swine, and chicken. Consumers' choice for a healthy diet has caused this transition. Meat and meat products often include toxic pesticides and chemicals, thus eating too much of them can be unhealthy. As a result, people look for other options.
Furthermore, Europe produces the majority of the world's fish. One of the key elements that drive the European salmon industry's expansion is product premiumization. Local and multinational players have constantly upgraded the quality of their products and diversified their product portfolios in order to make their brands more appealing to consumers. Consumer demand for convenience foods such as ready-to-eat (RTE) and ready-to-cook (RTC) items has expanded in North America. The canned salmon market in Asia-Pacific is expected to grow at a faster rate as consumers adopt more convenient food products over time, and raw material availability is abundant in the region, resulting in the expansion of seafood canneries, which is anticipated to boost the canned salmon market during the forecast period.
The canned salmon market is segmented on the basis of nature, type, sales channel, and region. By nature, the market is bifurcated into wild and farmed. By type, the market is classified into fillet, chunk, and minced. By sales channel, the market is segmented into hypermarket/supermarket, specialty stores, online stores, and others. Region wise, the canned salmon market is studied across North America, Europe, Asia-Pacific, and LAMEA.
Some of the major players profiled for in the canned salmon market analysis includeThai Union Group PCL, Maruha Nichiro Corporation, Tassal Group Limited, Bumble Bee Foods, LLC, Austevoll Seafood ASA, Crown Prince, Inc., Wild Planet Foods, Inc., Mitsubishi Corporation, Vital Choice Seafood & Organics, SPC, Trident Seafoods Corporation., Nippon Suisan Kaisha, Mowi (Marine Harvest), Dongwon Enterprise, Red Chamber Group, SkrettingCargill Aqua Nutrition, Kyokuyo, Charoen Pokphand Foods, Marubeni Corporation, Pacific Seafood, Cooke Aquaculture Inc., Schouw Co., Tri Marine Group, SalMar ASA
Canned Salmon Market Segments
By Sales Channel