Market Size of South America Canned Seafood Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 5.64 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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South America Canned Seafood Market Analysis
South America canned seafood market is expected to grow with a CAGR of 5.64 % during the forecast period (2020 - 2025).
- The South American market is expected to be witness a significant demand for canned seafood in the near future owing to the rising health concerns regarding the ill-effects of excessive consumption of red meat. The people of the country are turning to seafood for fulfilling their protein requirements.
- This is supported by the fact that access to diagnosis in the region is restricted and access to care is highly variable, particularly in regard to urban vs. rural settings, which is making the population shift more toward healthy eating, thus driving the growth of canned seafood products in the market.
- Vast opportunities for canned seafood are hence, anticipated to exist in the region as brands are compelled to meet consumer demands for clean, simple, and safe products.
- Brazil accounted for the largest share of the market for canned seafood products in South America as the growing middle-class population has fueled a change in the traditional buying pattern.
