Canned Salmon Market Trend, Share, Growth, Size and Forecast 2032

Global Canned Salmon Market: Insights

According to a report from 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. This report explores market strengths, weakness, opportunities, and threats. It also provides valuable insights into the market's growth drivers, challenges, and the future prospects that may emerge in the Canned Salmon industry over the next decade.

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Global Canned Salmon Market: Overview

The global Canned Salmon market is predicted to accrue revenue worth 1935.99 (USD Million) by 2032 and will record a CAGR of nearly 3.1% during 2024-2032. The report offers assessment and analysis of the Canned Salmon market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, sales estimates, opportunities, evolving trends, and industry-validated data. The report offers historical data from 2018 to 2022 along with a forecast from 2024 to 2032 based on revenue (USD Million).

Key Insights

• As per the analysis shared by our research analyst, the global Canned Salmon Market is estimated to grow annually at a CAGR of around 8.5% over the forecast period (2024-2032).
• In terms of revenue, the global Canned Salmon Market size was valued at around USD 929.04 Million in 2023 and is projected to reach USD 1935.99 Million by 2032.
• Based on the type, Among the various types of canned salmon available in the market—such as pink salmon, red salmon (sockeye), chum salmon, and others—pink salmon is the most dominant segment. Its widespread availability, relatively lower cost, and milder taste make it popular among consumers globally. Additionally, pink salmon is commonly used in processed food products and is often sourced in large quantities from regions like Alaska and Russia, further driving its market share.
• Based on the distribution channel, When segmented by distribution channel, supermarkets and hypermarkets emerge as the most dominant segment in the canned salmon market. These retail outlets offer greater product visibility, a wide variety of brands, and convenient one-stop shopping experiences for consumers. Their extensive reach and strong supply chain networks make them the preferred choice for both manufacturers and consumers, especially in urban areas.
• Based on the region, North America is the most dominant region in the global canned salmon market. The high demand in countries like the United States and Canada, where canned salmon is a staple pantry item, contributes significantly to this leadership. The region's focus on healthy eating, coupled with established fishing industries in areas like Alaska, supports strong production and consumption trends, solidifying North America's top position in the market.

Global Canned Salmon Market: Report Scope

Global Canned Salmon Market: Segmentation

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The study provides a decisive view of canned Salmon market by segmenting the market based on by type, by distribution channel and by region. All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032.

By type segment analysis includes farmed canned salmon and wild canned salmon.

By end-user segment analysis includes convenience stores, supermarkets and hypermarkets and independent retailers.

The regional segment includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Global Canned Salmon Market: Regional Insights

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Asia Pacific market is expected to witness lucrative growth over the forecast timespan owing to favorable government policies prompting the processing as well as consumption of canned salmon. Apart from this, thriving fishing and aquaculture industries in the countries like India will further drive the business growth. Apparently, the need for enhancing the livelihood of the people staying in coastal areas whose main occupation is fishing will further embellish the industry growth in the Asia Pacific zone.

Global Canned Salmon Market: Competitive Players

The key players influencing the market growth are:

• Sajo Industries
• Empresas AquaChile
• Princes Group
• Bumble Bee Foods
• Mogster Group
• Beijing Princess Seafood International Trading
• Dong Won Fisheries
• Thai Frozen Products Company
• Marine Harvest
• Tassal Group
• Austevoll Seafood ASA
• and Labeyrie Fine Foods.

Global Canned Salmon Market: Segmentation Analysis

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

Global Canned Salmon Market: Regional Segment Analysis

• 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