Global Canned Salmon Market Expected To Register Around 8.5% CAGR During 2024-2032

As per the researchers at Zion Market Research, the global Canned Salmon Market was valued at USD 929.04 Million in 2023 and is projected to hit USD 1935.99 Million by 2032, with a compound annual growth rate (CAGR) of 8.5% during the forecast period 2024-2032. Few of the leading players active in the global canned salmon market consist of Princes Group, Bumble Bee Foods, Mogster Group, Beijing Princess Seafood International Trading, Thai Frozen Products Company, Marine Harvest, Tassal Group, Sajo Industries, Dong Won Fisheries, Austevoll Seafood ASA, Empresas AquaChile, and Labeyrie Fine Foods.

Rising Awareness About Health Benefits Of Salmon Expected To Drive The Global Market Growth

The growth of the global canned salmon market is mainly attributed to the increasing salmon demand around the world on account of awareness regarding its health benefits. Further, the increasing importance of aquaculture in numerous regions globally is also projected to drive the market expansion in the years to come. The extremely growing requirement for seafood and diverse fish items is also expected to boost the market growth during the forecast period. Nevertheless, the global canned salmon market is anticipated to face numerous challenges over the coming years. The hit by algae blooms, sea lice, and other diseases on the salmon is projected to obstruct the market growth. Furthermore, the harm to the aquatic ecosystem along with the increasing incidents of water contamination is also anticipated to hinder the expansion of the overall market in the coming period.

Based On Type, Farmed Canned Salmon Segment Expected To Lead The Global Market

In 2018, on the basis of type, the farmed canned salmon segment lead the global canned salmon market and is expected to continue its dominance during the forecast period. This segmental expansion can be credited to the increase in salmon aquaculture—that is salmon’s industrial production in a pond, contained system, or net cage. Farmed salmon are favored in comparison to wild salmon as they have more omega-6 and omega-3 fatty acids.

Asia Pacific Is Projected To Dominate The Global Market During The Forecast Period

Regionally, the global canned salmon market is anticipated to be governed by Asia Pacific in the years to come. This regional growth can be attributable to the mounting requirement for canned salmon along with the increasing population. Further, the growing alertness among customers in relation to the significance of protein intake and the mounting disposable income of customers are other few factors expected to fuel the expansion of the Asia Pacific market during the forecast period. In addition, the increasing contribution from China, Japan, and India is also projected to add to the expansion of the Asia Pacific canned salmon market in the years to come. North America and Europe also are estimated to display a stable expansion rate during the forecast period, as a result of the growing alertness about the health advantages of salmon consumption.

Browse the full “Global Canned Seafood Market- By Distribution Channel (Convenience Stores, Independent Retailers, And Supermarkets & Hypermarkets), By Type (Wild Canned Salmon And Farmed Canned Salmon), And By Region- Global Industry Perspective, Comprehensive Analysis, and Forecast,2024-2032.” Report at https://www.zionmarketresearch.com/report/canned-salmon-market

The global canned salmon market is segmented as follows:

By Type

• Farmed Canned Salmon
• Wild Canned Salmon

By Distribution Channel

• Convenience Stores
• Supermarkets and Hypermarkets
• Independent Retailers

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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