Market Share of Asia Pacific Canned Seafood Industry
Expanding the market presence in emerging economies of the region has been a key strategy behind the global companies' growth. With growing income levels and an increasing level of knowledge regarding the consumption of healthy food in these economies, companies are catering to the dynamic needs of the people for canned seafood in the regional countries. Moreover, the convenience associated with the handling and storage of canned seafood further promotes the market potential. Regional private-label brands hold a significant share due to the increasing consumer inclination towards low-priced products. The global brands also hold a considerable share due to their esteemed reputation in the global market. Geographical expansion into the countries have been a major strategy adopted to establish a large consumer base. Product innovation by combining new flavors to the seafood has been another tactic to regulate the dynamic market.
Asia Pacific Canned Seafood Market Leaders
Tri Marine Group
Tropical TC Boy Sdn Bhd.
Kyokuyo Co., Ltd
StarKist Co.
Maruha Nichiro Corporation
*Disclaimer: Major Players sorted in no particular order
