Middle East and Africa Canned Seafood Market Size

MEA Canned Seafood Market Analysis

The Middle East and Africa canned seafood markets are projected to register a CAGR of 4.34% over the next five years.

• The consumption of canned seafood products in the region is increasing due to several factors, including the rising demand for animal protein and healthy diets among consumers. The convenience factor and ease of storage and cooking are other key reasons for the market's growth. As the working population and disposable income in the region are increasing, consumers' demand for convenience food is also growing.
• Urbanization is another contributing factor to the rising demand for canned seafood products, particularly among urban consumers who prefer convenience seafood products like canned tuna, chilled and frozen seafood products, and other canned seafood products that are easy and quick to prepare. The urban population of Egypt was 44,687,204 in 2021, according to World Bank Data. It has been steadily increasing over the years and is projected to reach around 50 million by 2030. This demographic shift is likely to continue driving demand for canned seafood products in the country as more consumers seek out convenient and easy-to-prepare food options.
• Canned tuna seafood products are an excellent, affordable source of nutrition due to their protein, polyunsaturated fats, and other nutrients. Health-conscious consumers and sports and fitness enthusiasts in the region demand seafood products for their high protein content. However, the market growth is being restrained by veganism, which is gaining traction in the region due to shifting consumer preferences as a result of dietary and environmental concerns. This factor has adversely impacted meat and seafood sales in the region.
• Despite this, the market is expected to grow in the medium term due to rising tourism, increased consumption of processed and convenience food, and rising disposable income.