Global Canned Salmon Market to Reach US$ 6.3 Billion by 2032, Stimulated by Increasing Seafood Consumption

September 07, 2023 | Food & Beverages

According to the latest report by IMARC Group, titled “Canned Salmon Market Report by Type (Fillet, Chunk, Minced), Nature (Wild, Farmed), Sales Channel (Hypermarkets and Supermarkets, Specialty Stores, Online Channels, and Others), and Region 2024-2032,” the global canned salmon market size reached US$ 4.0 Billion in 2023. Canned salmon is a preserved seafood product that involves the packaging of fresh salmon into airtight containers, typically metal cans, and subjecting them to a sterilization process. This process helps extend the shelf life of the salmon, allowing it to be stored for an extended period without the need for refrigeration. The canned salmon industry primarily utilizes two main types of salmon for canning: pink salmon and sockeye salmon. These salmon varieties are caught during their respective peak seasons, ensuring optimal freshness and quality. After harvesting, the salmon is cleaned, deboned, and then packed into cans. The cans are sealed and then heated to a temperature that destroys harmful microorganisms, ensuring the safety and preservation of the product.

Global Canned Salmon Market Trends:

Canned salmon's extended shelf life and convenience make it an attractive choice for consumers seeking easily accessible and preserved seafood. The ability to store canned salmon for extended periods without refrigeration aligns with modern, on-the-go lifestyles, contributing to its popularity. Additionally, canned salmon retains its nutritional value even after the canning process. It serves as a rich source of protein, omega-3 fatty acids, and essential vitamins and minerals. As consumers increasingly prioritize health-conscious choices, canned salmon's nutritional benefits bolster its demand. Other than this, growing awareness about sustainable fishing practices and responsible seafood sourcing has led consumers to seek products that align with their environmental values. Canned salmon manufacturers that prioritize sustainable fishing methods and eco-friendly packaging can tap into this trend and attract environmentally conscious consumers. Besides this, the rising global demand for seafood, driven by factors like population growth and increasing awareness of seafood's health benefits, positively influences the canned salmon market. Canned salmon offers an accessible way to meet this demand, providing a ready-to-eat seafood option. In line with this, canned salmon's versatility in various culinary applications, including salads, sandwiches, pasta dishes, and casseroles, enhances its appeal. Its ability to serve as a protein-rich ingredient in a range of dishes contributes to its widespread adoption. Furthermore, canned salmon often presents a cost-effective alternative to fresh salmon, making it an accessible option for budget-conscious consumers. This affordability factor allows a broader demographic to enjoy the benefits of salmon without the premium price tag associated with fresh seafood. Moreover, urbanization and shifting lifestyles have led to increased reliance on packaged and convenience foods. Canned salmon fits this trend by providing a quick and easy source of nutrition that aligns with the fast-paced urban lifestyle. Looking forward, the market value is projected to reach US$ 6.3 Billion by 2032, expanding at a CAGR of 5.06% during 2024-2032.

Market Summary:

  • Based on the type, the market has been segmented into fillet, chunk, and minced. According to the report, chunk represents the largest segment.
  • On the basis of the nature, the market has been divided into wild and farmed. Currently, farmed salmon holds the majority of the market share.
  • Based on the sales channel, the market has been segregated into hypermarkets and supermarkets, specialty stores, online channels, and others. According to the report, hypermarkets and supermarkets accounted for the largest market share.
  • Region-wise, the market has been segmented into North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. Amongst these, North America holds the leading position in the market.
  • The competitive landscape of the market has also been examined, with some of the key players being Bumble Bee Foods LLC, Crown Prince Inc., Maruha Nichiro Corporation, Pataya Food Industries Ltd., Peter Pan Seafood Company LLC, Princes Limited (Mitsubishi Corporation), Raincoast Trading, Tassal Group Limited (Cooke Inc.), Thai Union Group PCL, The Canfisco Group, The South Australian Fishermans Co-Operative Limited, Trident Seafoods Corporation, Vital Choice Wild Seafood & Organics and Wild Planet Foods Inc. (Bolton Group S.R.L.).

Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Scope of the Report Exploration of Historical and Forecast Trends, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment: 
  • Type
  • Nature
  • Sales Channel
  • Region
Types Covered Fillet, Chunk, Minced
Natures Covered Wild, Farmed
Sales Channels Covered Hypermarkets and Supermarkets, Specialty Stores, Online Channels, Others
Regions Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Bumble Bee Foods LLC, Crown Prince Inc., Maruha Nichiro Corporation, Pataya Food Industries Ltd., Peter Pan Seafood Company LLC, Princes Limited (Mitsubishi Corporation), Raincoast Trading, Tassal Group Limited (Cooke Inc.), Thai Union Group PCL, The Canfisco Group, The South Australian Fishermans Co-Operative Limited, Trident Seafoods Corporation, Vital Choice Wild Seafood & Organics, Wild Planet Foods Inc. (Bolton Group S.R.L.), etc.
Customization Scope 10% Free Customization
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Global Canned Salmon Market to Reach US$ 6.3 Billion by 2032, Stimulated by Increasing Seafood Consumption
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