Canned Seafood Market to Grow with a CAGR of 4.89% through 2029

The global canned seafood market is expanding, driven by increasing consumer demand for convenient, nutritious products, innovations in packaging, and the growing popularity of ready-to-eat meals

According to TechSci Research report, “Canned Seafood Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2029F”, the global canned seafood market stood at USD 27.74 billion in 2023 and is expected to grow USD 36.81 billion by 2029 with a CAGR of 4.89% during the forecast period. The global canned seafood market has experienced substantial growth over the past decade, driven by factors such as increasing consumer demand for convenience, health-conscious eating habits, and a growing preference for sustainable food sources. Canned seafood, which includes a variety of products like tuna, salmon, sardines, mackerel, and shellfish, offers a convenient, ready-to-eat, and long-shelf-life solution for consumers worldwide. The market is continuously evolving, with product innovation, sustainability concerns, and changes in consumer preferences shaping the future of the industry. The canned seafood market benefits from its ability to cater to a broad demographic, offering nutritious, easy-to-prepare meals for busy individuals and families.

Sustainability concerns are also a major driver, as consumers and manufacturers alike prioritize responsibly sourced seafood. The growing awareness of environmental issues, such as overfishing and pollution, has pushed seafood companies to adopt sustainable practices and certifications, such as the Marine Stewardship Council (MSC) and Aquaculture Stewardship Council (ASC). These practices assure consumers that the products they are purchasing are ethically sourced and environmentally friendly.

Another significant challenge is the issue of overfishing and environmental concerns. As the demand for seafood continues to rise, there are growing concerns about the depletion of marine resources. The need for sustainable fishing practices is crucial to ensure the long-term health of global fish populations. While many companies are adopting eco-friendly practices, there is still a long way to go to ensure that all canned seafood products are sourced responsibly.

Another major trend is the health and wellness movement. Consumers are becoming more conscious of the health benefits associated with canned seafood, particularly its high protein content and rich levels of omega-3 fatty acids. This has led to the emergence of products marketed as heart-healthy, weight management-friendly, and brain-boosting. To cater to this demand, manufacturers are increasingly focusing on offering low-sodium, preservative-free, and gluten-free canned seafood options. The rising interest in plant-based and alternative protein sources has also prompted some brands to explore new ingredients and formulations, such as vegan canned seafood alternatives made from seaweed or plant proteins. 

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The global canned seafood market is segmented into type, sales channel, and region.

Based on the sales channel, the online segment is the fastest growing in the global canned seafood market, driven by increasing consumer preference for convenience and the growth of e-commerce platforms. With the rise of digital shopping, consumers can easily purchase a wide range of canned seafood products from various brands without leaving their homes. Online retail provides benefits such as home delivery, subscription services, and easy access to niche products, including organic and sustainably sourced seafood. The COVID-19 pandemic further accelerated this shift towards online shopping, and it has continued to grow as more consumers embrace the convenience of e-commerce. As internet penetration increases globally, the online segment will continue to expand, becoming a major driver for the canned seafood market.

Based on the region, North America is the fastest growing segment in the global canned seafood market, driven by rising consumer awareness of the health benefits of seafood, such as omega-3 fatty acids and high-quality protein. With increasing demand for convenient, ready-to-eat meals, canned seafood offers a practical solution for busy consumers. Additionally, the growing preference for sustainable and responsibly sourced seafood aligns with consumer expectations in North America, where eco-consciousness is on the rise. The region’s strong retail network, including supermarkets and online platforms, has made canned seafood more accessible. Moreover, the expansion of premium and value-added canned seafood products is fueling market growth in North America, further strengthening its position as the fastest-growing segment.

Major companies operating in the global Canned Seafood market are:

• California Garden Products Inc.
• John West Foods Limited
• Century Pacific Food Incorporated
• Bolton Group S.r.l.
• Dhofar Fisheries & Food Industries Company S.A.O.G
• Maldives Industrial Fisheries Company Ltd
• Bumble Bee Foods, LLC
• Wild Planet Foods, Inc.
• Trident Seafoods Corporation
• Universal Canning Inc.

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“The demand for canned seafood is increasing as consumers become more health-conscious and seek products rich in omega-3 fatty acids and other beneficial nutrients. This has led to the emergence of products marketed as heart-healthy, weight management-friendly, and brain-boosting. To cater to this demand, manufacturers are increasingly focusing on offering low-sodium, preservative-free, and gluten-free canned seafood options. Additionally, as the world continues to urbanize, more consumers are adopting faster, more convenient meal solutions. Canned seafood offers a practical choice for time-starved individuals, especially those who prefer a quick and nutritious meal,” said Mr. Karan Chechi, Research Director of TechSci Research, a research-based management consulting firm.

"Canned Seafood Market – Global Industry Size, Share, Trends, Opportunity and Forecast, By Type (Canned Fish, Canned Shrimp, Canned Prawns, Others), By Sales Channel (Hypermarkets/Supermarkets, Convenience Stores, Online, Others), By Region & Competition, 2019-2029F”, has evaluated the future growth potential of global canned seafood market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the global canned seafood market.

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