Canned Salmon Market Trend, Share, Growth, Size and Forecast 2032

Canned Salmon Market Insights

According to a report from Zion Market Research, the global Canned Salmon Market was valued at USD 929.04 Million in 2023 and is projected to hit USD 1935.99 Million by 2032, with a compound annual growth rate (CAGR) of 8.5% during the forecast period 2024-2032.

This report explores market strengths, weakness, opportunities, and threats. It also provides valuable insights into the market's growth drivers, challenges, and the future prospects that may emerge in the Canned Salmon industry over the next decade.

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Canned Salmon Market Overview

The global Canned Salmon market is predicted to accrue revenue worth 29, 885.39 (USD Million) by 2032 and will record a CAGR of nearly 3.1% during 2024-2032. The report offers assessment and analysis of the Canned Salmon market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, sales estimates, opportunities, evolving trends, and industry-validated data. The report offers historical data from 2018 to 2023 along with a forecast from 2020 to 2026 based on revenue (USD Million).

Canned Salmon Market Synopsis

Canned salmon provides nutritive benefits in the form of proteins, lipids, and carbohydrates. Salmon is one of the major sources of omega-3 fatty acids that assist in the growth of human body. Rise in the number of health conscious customers and change in the food habits will prop up the market demand in the near future.

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Apparently, escalating demand for ready-to-eat seafood items owing to improvement in the distribution infrastructure will exponentiate the expansion of canned salmon industry over the forecast timeline. Furthermore, canned salmon has extended shelf life and can be cooked with ease and this beneficial features will drive the industry trends.  In addition to this, large-scale use of the product in hotels and other eateries will prompt the business growth. Massive need of ready-to-eat exotic diet across the globe will define the market expansion in the foreseeable future.

Canned Salmon Market Application Insights

Based on the application, the canned salmon market is sectored into convenience stores, independent retailers, and supermarkets & hypermarkets. Moreover, independent retailers segment is likely to contribute a major market share over the forthcoming years. The growth of the segment is attributed to extra convenience and improved buying experience while purchasing the food products from independent retailers.

Canned Salmon Market: Report Scope

Canned Salmon Market ?Type Insights

Based on the type, the market is divided into Wild Canned Salmon and Farmed Canned Salmon. Moreover, farmed canned salmon is likely to lead the type segment over the estimated timeframe. The growth of the segment during the projected timeline is owing to rise in the farming of canned salmon in ponds and net cages. It contains large proportion of omega-3 acids and omega-6 acids that boosts the health.

Canned Salmon Market Regional Insights

Asia Pacific market is expected to witness lucrative growth over the forecast timespan owing to favorable government policies prompting the processing as well as consumption of canned salmon. Apart from this, thriving fishing and aquaculture industries in the countries like India will further drive the business growth. Apparently, the need for enhancing the livelihood of the people staying in coastal areas whose main occupation is fishing will further embellish the industry growth in the Asia Pacific zone.

The key players influencing the market growth are

• Sajo Industries
• Empresas AquaChile
• Princes Group
• Bumble Bee Foods
• Mogster Group
• Beijing Princess Seafood International Trading
• Dong Won Fisheries
• Thai Frozen Products Company
• Marine Harvest
• Tassal Group
• Austevoll Seafood ASA
• and Labeyrie Fine Foods.

The global canned salmon market is segmented as follows:

By Type

• Farmed Canned Salmon
• Wild Canned Salmon

By Distribution Channel

• Convenience Stores
• Supermarkets and Hypermarkets
• Independent Retailers

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa