iCrowd Newswire
22 Nov 2021, 22:49 GMT+10
The global canned salmon market is projected to reach US$ 4.5 Bn in 2021. Increasing demand for high protein foods is steering growth in the Sockeye canned salmon market. Expanding at a healthy 6.8% CAGR, the market is anticipated to total US$ 8.6 Bn in 2031.
Growing awareness regarding a healthy lifestyle and the importance of a balanced diet is propelling sales of canned salmon. Salmon is a rich source of omega-3 fatty acids and vitamin B12, which is vital for brain and nerve functioning.
Omega-3 fatty acids are beneficial for reducing inflammation, lowering blood pressure, and decreasing the risk factors of chronic ailments. Awareness regarding health benefits derived from salmon consumption is a key factor, driving sales of Sockeye canned salmon.
Due to hectic schedules and busy lifestyles, consumers are resorting to packaged and ready-to-eat meals. This trend is translating into increasing sales of canned salmon, as it is available in various forms such as smoked, sautéed, steamed, grilled, and poached, making it an easy option for breakfast and salads.
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Moreover, market players are leveraging online retail channels to cater to the growing demand among consumers. Increasing focus on quality, ethical eating practices, and authentic sourcing is boosting sales of canned salmon through indirect sales channels such as modern trade and specialty food stores. These factors are indicative of lucrative growth prospects in the canned salmon market during the assessment period.
As per Fact.MR, the U.S. is anticipated to account for 61.8% of the North America canned salmon market. Increasing consumption of seafood, robust foodservice industry, and presence of leading market players will continue fueling market growth in the U.S. through 2031.
Key Takeaways from Wild Canned Salmon Market Analysis:
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Competitive Landscape
Owing to the increasing demand for seafood, prominent players operating in the canned salmon market are investing in mergers and acquisitions to provide adequate product offerings.
For instance, in 2021, Peter Pan Seafoods, a leading player in canned salmon market, merged with Northwest Fish company to facilitate and streamline the flow of approximately 50 million pounds of Alaska seafood in the U.S. market.
Leading Players in the Farmed Canned Salmon Market Include:
More Valuable Insights on Pink Canned Salmon Market
Fact.MR provides an unbiased analysis of the canned salmon market, presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the global canned salmon market with a detailed segmentation on the basis of:
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Key Questions Covered in the Sockeye Canned Salmon Market Report
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