Canned Seafood Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023 - 2028)

The Canned Seafood Market is segmented by Type (Canned Fish, Canned Shrimp, Canned Prawns, and Other Types), Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Online Retail Stores, and Other Distribution Channels), and Geography (North America, Europe, Asia-Pacific, South America, and Middle East & Africa). The report offers market size and forecasts in value (USD million) for the above segments.

Canned Seafood Industry Overview

Canned Seafood Market Summary
Study Period: 2018 - 2028
Fastest Growing Market: South America
Largest Market: Europe
CAGR: 6.06 %

Major Players

Canned Seafood Market Major Players

*Disclaimer: Major Players sorted in no particular order


Need a report that reflects how COVID-19 has impacted this market and its growth?

Canned Seafood Market Analysis

The canned seafood market is projected to register a CAGR of 6.06% during the forecast period of 2022-2027.

The demand for ready-to-eat food products skyrocketed during the COVID-19 pandemic, especially among the consumers that are not fond of cooking food. Consumers following the trend of work-from-home or stay-at-home preferred ready-to-eat food as it is easy to prepare and takes minimal time. Additionally, the restaurants restricting services in fear of a rising number of coronavirus cases had insisted that consumers cook at home, thereby leading to an increase in the consumption of ready-to-eat products over the medium term.

Similarly, the sale of canned products, particularly canned tuna, increased as the long shelf life of such products appealed to consumers who were subjected to home quarantines, regulatory measures restricting ease of movement, and other impacts of government lockdowns.

Over the medium term, the rising awareness about the health benefits offered by canned seafood products is increasing the growth of the canned seafood market. Canned seafood has a high level of valuable omega-3 fatty acids, which are important for overall health and wellbeing. The demand for conspicuous and exotic food items is on the rise as a result of the rising purchase power of consumers. Spurred by this, the canned seafood market is poised to welcome impressive growth opportunities.

Canned Seafood Industry Segments

Canned seafood is food that has been processed, sealed in an airtight container such as a sealed tin can, and subjected to heat. The canned seafood market is segmented by type, distribution channel, and geography. By type, the market is segmented into canned fish, canned shrimp, canned prawns, and other types. Canned fish is further sub-segmented into tuna, salmon, sardines, and mackerel. By distribution channel, the market is segmented into supermarkets/hypermarkets, convenience stores, online retail stores, and other channels. The report also covers the market sizes and forecasts for the canned seafood market in 17 countries across major regions. For each segment, the market sizing and forecasts have been done on the basis of value (in USD million).

By Type
Canned Fish
Canned Shrimp
Canned Prawns
Other Types
By Distribution Channel
Convenience Stores
Online Retail Stores
Other Distribution Channels
North America
United States
Rest of North America
United Kingdom
Rest of Europe
Rest of Asia-Pacific
South America
Rest of South America
Middle East & Africa
United Arab Emirates
South Africa
Rest of Middle East & Africa

Report scope can be customized per your requirements. Click here.

Canned Seafood Market Trends

This section covers the major market trends shaping the Canned Seafood Market according to our research experts:

Growing Preference for Convenience Food

Convenience is the key factor driving the growth of canned seafood consumption across the world, coupled with the increasing disposable income and a rise in the number of working women. Changes in lifestyles, coupled with increased expenditure on food and beverages, lead to significant dietary transitions among consumers, marked by the increased demand for animal-sourced food, fats and oils, refined grains, and fruits and vegetables. People with busy life schedules, those who lack cooking skills, fatigue due to the fast lifestyles, and the changes in consumers' demography are the major factors driving the convenience foods market. Furthermore, the coronavirus pandemic is a driving force encouraging consumers to shift to consuming convenience foods, such as canned seafood, as lockdowns impacted the supply of fresh food. The importance of long-shelf-life food was paramount during this period.

Canned Seafood Market- Household Purchase Value of Canned Tuna, in EUR million,France, 2016-2020

Europe Accounted for the Largest Share

The high demand for ready-to-eat meals and seafood products in the region is driving the market growth. Furthermore, a rise in demand for high-shelf life sea products is expected to result in increased consumption of canned seafood. The presence of major market players in the region, coupled with an increased disposable income and gyrating consumers' preference toward ready-to-consume food, is expected to emerge as the primary factor for market growth in the coming years. The increased consumption of seafood by the population owing to its high health benefits is anticipated to propel the industry's growth. Similarly, manufacturers are innovating in canned seafood products which attract a larger consumer base. For instance, in 2019, Grupo Calvo launched canned tuna belonging to the species Katsuwonus pelamis with a Marine Stewardship Council label. The product offers consumers other features with added value, including being packed in organic extra virgin olive oil certified by the Galician Regulatory Council of Ecological Agriculture.

Canned Seafood Market- Market Size (%), By Region, Global, 2021

Canned Seafood Market Competitor Analysis

The seafood market is highly competitive, with major players investing heavily in product development by strengthening their research and development initiatives for the long term. Strategic alliances and agreements with regional players are also some of the approaches preferred by the manufacturers to increase their revenue and widen their geographical presence. 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 around the world. The major players in the market are Thai Union Group, Bumble Bee Foods LLC, Maruha Nichiro Corporation, and Maruha Nichiro Corporation.

Moreover, key players have also been focusing on the sustainable production of seafood products to entice more consumers. Thus, players have been investing huge capital in improving their processing techniques and certification processes to produce higher-quality products. For instance, in March 2021, Rio Mare, a Bolton group brand, obtained EPD certification - Environmental Product Declaration or Environmental Product Declaration from DNV, an international certification body, thus, becoming the first seafood brand in the world with this certification.

Canned Seafood Market Top Players

  1. Thai Union Group 

  2. Dongwon Industries Co 

  3. Trident Seafoods Corporation

  4. Maruha Nichiro Corporation

  5. Bumble Bee Foods, LLC

*Disclaimer: Major Players sorted in no particular order

Canned Seafood Market Concentration

Canned Seafood Market Recent Developments

In May 2021, Thai Union Group had taken full ownership of Rügen Fisch, a German manufacturer of shelf-stable seafood products. The Thailand-based seafood giant first acquired a majority, 51% holding in Rügen Fisch, in 2016, and now purchased the remaining 49% stake.

In April 2021, Century Pacific Food Inc. acquired Pacific Meat Co. Inc. (PMCI), an emerging player in the large refrigerated food category, from its parent firm for BWP 650 million. This unit has its own manufacturing facilities, cold chain distribution, and a robust pipeline of refrigerated products from which CNPF expects to derive growth opportunities.

In March 2021, the Thai Union joined forces with local restaurant After Yum to deliver a unique new product, SEALECT tuna x After Yum - canned tuna in a special sauce to which consumers can add lime juice, chili, and vegetables to make their very own unique spicy salad dish.

Canned Seafood Market Report - Table of Contents


    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study




    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porter's Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry


    1. 5.1 By Type

      1. 5.1.1 Canned Fish

        1. Tuna

        2. Salmon

        3. Sardines

        4. Mackerel

      2. 5.1.2 Canned Shrimp

      3. 5.1.3 Canned Prawns

      4. 5.1.4 Other Types

    2. 5.2 By Distribution Channel

      1. 5.2.1 Supermarkets/Hypermarkets

      2. 5.2.2 Convenience Stores

      3. 5.2.3 Online Retail Stores

      4. 5.2.4 Other Distribution Channels

    3. 5.3 Geography

      1. 5.3.1 North America

        1. United States

        2. Canada

        3. Mexico

        4. Rest of North America

      2. 5.3.2 Europe

        1. United Kingdom

        2. Germany

        3. Spain

        4. France

        5. Italy

        6. Russia

        7. Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. China

        2. Japan

        3. India

        4. Australia

        5. Rest of Asia-Pacific

      4. 5.3.4 South America

        1. Brazil

        2. Argentina

        3. Rest of South America

      5. 5.3.5 Middle East & Africa

        1. United Arab Emirates

        2. South Africa

        3. Rest of Middle East & Africa


    1. 6.1 Most Active Companies

    2. 6.2 Most Adopted Strategies

    3. 6.3 Market Share Analysis

    4. 6.4 Company Profiles

      1. 6.4.1 Americana Group Inc. (California Garden)

      2. 6.4.2 Thai Union Group (John West)

      3. 6.4.3 Century Pacific Food Inc.

      4. 6.4.4 Bolton Group (Rio Mare)

      5. 6.4.5 Okam

      6. 6.4.6 Dhofar Fisheries and Food Co. SAOG

      7. 6.4.7 Dongwon Group

      8. 6.4.8 Carvalho Fisheries

      9. 6.4.9 FCF Co. Ltd (Bumble Bee Foods LLC)

      10. 6.4.10 Trident Seafoods Corporation

    5. *List Not Exhaustive


**Subject to Availability
You can also purchase parts of this report. Do you want to check out a section wise price list?

Canned Seafood Market Research FAQs

The Canned Seafood Market is studied from 2018 - 2028.

The Canned Seafood Market is growing at a CAGR of 6.06% over the next 5 years.

South America is growing at the highest CAGR over 2018 - 2028.

Europe holds highest share in 2021.

Thai Union Group , Dongwon Industries Co , Trident Seafoods Corporation, Maruha Nichiro Corporation, Bumble Bee Foods, LLC are the major companies operating in Canned Seafood Market.

Canned Seafood Industry Reports

In-depth industry statistics and market share insights of the Canned Seafood sector for 2020, 2021, and 2022. The Canned Seafood research report provides a comprehensive outlook of the market size and an industry growth forecast for 2023 to 2028. Available to download is a free sample file of the Canned Seafood report PDF.

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please enter a valid email id!

Please enter a valid message!