Canned Salmon Market by Types (Fillets, Skinless & Boneless, Minced, Chunks, and Others), Product Types (Pink Salmon, Coho Salmon, Chum Salmon, Sockeye Salmon, and Others), Sources (Wild and Farmed), Distribution Channels (Supermarkets/Hypermarkets, Specialty Stores, Online Stores, and Others), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2022 – 2030
The global canned salmon market size was valued at around USD 3.2 billion in 2021 and is projected to reach USD 5.4 billion by 2030, expanding at a CAGR of around 5.1% during the forecast period, 2022 to 2030. The growth of the market is attributed to the growing awareness regarding the health benefits of consuming salmons across the globe.
The process of canning seafood as its known today came into existence when France-based Nicholas Appert began experimenting with different methods to preserve fish in glass jars. He won an award for his invention in 1810. A few years after Appert, a UK-based merchant and inventor, Peter Durand, invented a different method of preserving fish using tin cans. It was a stepping stone for the modern-day process of canning seafood. Food, especially seafood, is preserved through several preservation methods such as canning and others to prevent spoilage and extend shelf life. Fish has certain bacteria that lead to metabolic changes and loss of quality. This leads to the spoilage of the fish. Canning fish can aid in avoiding any spoilage.
The process of canning is referred to as packing types of food such as seafood in a hermetically sealed container and obtaining sterility through the heat of processing. The first step in canning a fish is to wash it thoroughly. The fish should be clean to remove all the head, tail, fins, and blood. Then, the fish is split lengthwise and packed in a jar or a time tightly. Some type of fluid is added to the container to preserve the fish such as vinegar or salt water. The container is then tightly packed to preserve the fish.
There are different types of canning methods. These are pressure canning, steam canning, and atmospheric canning. All these methods include heating food in sealed containers until the food reaches the required temperature to destroy spoilage bacteria in the food. These methods apply heat to the containers from outside, which forces the air to vent out of the containers to create an airtight vacuum seal. For pressure canning, a pressure canner is used, which builds up pressure inside when heated, increasing the temperature of the canner further. This type of canning process is used for low-acid vegetables and meats. In the water bath canning process, containers are placed into boiling water inside a water bath canner. The heat from boiling water gets transferred into the containers.
In atmospheric canning, which is the latest method of canning discovered by the University of Wisconsin, steam is used to reach the temperature of boiling water to process high acid foods. Canned fish retain all protein and other nutrients after the canning process. Several types of fish are canned such as tuna, sardines, and salmon. According to the Alaska Historical Society, the first salmon cannery or canning factory started in 1878, in Alaska. By 1936, the Alaska-based canneries were producing around eight million cases of canned salmon.
The term salmon refers to several species of ray-finned fish in the Salmonidae family. These fish are found mostly in tributaries of the Pacific and North Atlantic oceans. Many species of salmon are found in other areas such as Patagonia in Latin America and the Great Lakes in North America. These fish are farmed in many parts of the world. These fish are considered one of the most nutritious foods across the globe. It is rich and buttery in flavor, which makes it a popular choice in fish around the world. There are several species of salmon to choose from such as Pink, Coho, King, Sockeye, and others. There are several health-related benefits of consuming salmon. Salmons are low in saturated fat.
These are considered rich sources of proteins, vitamin B12, vitamin D, iron, and potassium. Salmons are known for their Omega-3 fatty acids. These fatty acids play critical roles in the human body by lowering the chances of cancer, dementia, Alzheimer’s disease, heart attack, stroke, and other cardiovascular diseases. Consuming salmon aid in easing the effects of rheumatoid arthritis. Although salmon is packed with many nutrients, there are risk factors related to consuming salmons. It is advised to eat recommended doses of salmon to avoid any potential risks related to overconsuming salmons such as internal bleeding. Most canned salmon contains salt with the fish. This added salt works as a preservative and a flavor enhancer.
Eating salmon directly out can pose the risk of high sodium intake. Pink salmon is a relatively affordable species of salmon in canned form, as they are caught in abundance. The red scissor Sockeye salmons are few, which makes them an expensive variety of salmon. Their rich color and intense flavor and texture make them popular among consumers. Canned salmon has a shelf life of three to five years, Canned salmon is versatile when it comes to using fish in a variety of dishes. The canned fish can be cut into chunks, small pieces, or mashed as per the recipe. Canned salmon can be used in various recipes such as a sandwich, pasta, salad, and others.
COVID-19 Impact
The global canned salmon market was affected negatively, due to the COVID-19 pandemic. Domestic production, as well as foreign trade, were impacted as a result of the pandemic situation. The lockdown, social distancing, travel bans, and other restrictions during the pandemic caused a shortage of labor in the canned salmon industry and disruption in the supply chain. The closure of hotels and restaurants around the globe resulted in a decrease in the demand for salmon by around 15% during the pandemic. The canned salmon market is expected to register growth, due to increased canned salmon consumption for its health-related benefits. The market is anticipated to expand rapidly after the relaxing of the COVID rules and restrictions.
Canned Salmon Market Dynamics
The canned salmon market report presents a complete overview of market dynamics by focusing on the current market trends, existing drivers, growth opportunities, and emerging challenges that can shape the outcome or overall performance of the market during the forecast period, 2022 to 2030.
Major Trends
Increasing ready-to-eat food drives market growth
Canned food products are ready-to-eat products, which require little to no cooking to consume. A growing number of consumers are preferring to use canned food products, especially canned fish such as canned salmon, as they are easy to store, handy to use, and do not require additional preparation. The rapid and constantly changing lifestyle is the key factor, which is making ready-to-eat canned salmon products trending in the market.
Key Drivers
Health benefits associated with canned salmon boost market growth
The rising demand for canned salmon by health-conscious consumers across the globe is expected to drive the canned salmon market in the coming years. Various types of salmon are known for their health benefits. Canned salmon has a high content of vitamin B12, protein, iron, Omega-3, and others. All the necessary nutrients in canned salmons aid in lowering the chances of cancer, dementia, Alzheimer’s disease, heart attack, stroke, and other cardiovascular diseases. The demand for canned salmon is expected to increase in the coming years due to its health-related benefits.
Growing aquaculture in developing countries spurs market growth
Salmon aquaculture accounts for around 70% of the market, due to the increasing demand for canned salmon across the globe. The growing canned salmon consumption in developing countries and rising employment opportunities created by the expansion of the canned salmon industry in those countries fuel the market. The canned salmon industry is continuously expanding, owing to the fact that salmon aquaculture is one of the rapidly growing food production systems across the globe.
Technological developments in the canned salmon market fuels market growth
Continuous technological advancements and innovations boost the market. Enhanced harvesting methods, cost-effective transportation, packaging solutions, and others are some of the technological advancements that aid in the expansion of the canned salmon market.
Versatile uses of salmon in various dishes drive the market
Canned salmon is considered a versatile seafood product, as it is used in various forms in different dishes. Canned salmon is used in forms such as fillets, minced, chunks, and others. It is prepared with different preparations such as smoked, grilled, steamed, sauteed, and others. Canned salmon is used in various dishes burgers, salads, pasta, and others. Several hotels and restaurants are coming up with innovative ideas to use canned salmon in dishes such as salmon rolls, salmon mousse, salmon gratin, salmon hash, and others. The versatility of canned salmon fuels the market growth.
Existing Challenges
Increasing consumption of vegetarian or vegan food hampers the market growth
Demand for plant-based food is increased in recent years. The growing number of consumers are shifting from seafood to plant-based seafood, as it provides all the nutritional benefits without fish smell, a concern of micro-plastics, and mercury content. The increasing popularity of veganism and vegetarianism across the globe is expected to restrain the canned salmon market growth in the coming years.
Emerging Opportunities
Growing usage of canned salmon in the sports nutrition industry offers growth opportunities
Increasing health awareness regarding the consumption of canned salmon among consumers is driving the shift in preferences towards healthy and nutritional food. The demand for canned salmon is growing among athletes, owing to various benefits of salmon consumption. The high potential for the canned salmon market in the sports nutrition industry offers growth opportunities to the market players.
Scope of Canned Salmon Market Report
The report on the global canned salmon market includes an assessment of the market trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
Canned Salmon Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2021 |
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Historic Data |
2019–2020 |
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Forecast Period |
2022–2030 |
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Segmentation |
Types (Fillets, Skinless & Boneless, Minced, Chunks, and Others), Product Types (Pink Salmon, Coho Salmon, Chum Salmon, Sockeye Salmon, and Others), Sources (Wild and Farmed), and Distribution Channels (Supermarkets/Hypermarkets, Specialty Stores, Online Stores, and Others) |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players Covered in the Report |
Bumble Bee Foods, LLC.; PATAYA FOOD INDUSTRIES; Thai Union Group PCL.; BlueNalu, Inc.; Canadian Fishing Company (Canfisco); Freedom Foods Group Limited; Maruha Nichiro Corporation; Peter Pan Seafood Company, LLC.; Safcol Australia – The Seafood Experts Australia Pty Ltd.; Princes Group Limited; Tassal Group Limited; Mowi; Austevoll Seafood ASA; Mitsubishi Corporation; Dong Won Fisheries Co Ltd; Wild Planet Foods; Alaska Seafood Company; and Others |
Canned Salmon Market Segment Insights
Fillets segment witnesses growth
In terms of types, the canned salmon market is divided into fillets, skinless & boneless, minced, chunks, and others. The fillets segment is expected to register a significant CAGR during the canned salmon market forecast period, as many consumers prefer canned salmon in fillets to other forms. Canned salmon fillets are used in various cuisines, as they have a pleasing appearance. These are the key factors boosting segment growth.
The chunks segment is anticipated to expand in the coming years, due to the increasing usage of chunks in pet food in recent years. Salmons in chunks are used in different types of cuisines such as various salads, which facilitate the canned salmon chunks segment growth.
Sockeye salmon segment registers significant growth
Based on product types, the canned salmon market is segmented into pink salmon, coho salmon, chum salmon, sockeye salmon, and others. The sockeye salmon segment is expected to hold a key market share during the canned salmon market forecast period, as the sockeye salmon is highly popular among consumers. Sockeye salmon, also known as red salmon, is considered firmer in texture and better in flavor than the other types of salmons. These types of salmon are expensive in comparison with the other types of salmon. The changing taste of consumers and increasing spending capacity are the key factors fueling the sockeye canned salmon segment growth.
The coho salmon segment is anticipated to witness growth in the coming years, as some of the key market players such as Bumble Bee Seafoods, Wild Planet Foods, and others have increased the manufacturing of canned coho salmon to meet the growing demand for it.
Farmed segment holds a key market share
On the basis of sources, the canned salmon market is bifurcated into wild and farmed. The farmed segment is estimated to expand rapidly during the forecast period, due to increased demand for salmon across the globe. The farmed canned salmon has a softer flavor than the wild or caught salmon. Farmed salmon is less expensive than wild salmon as well. These are the key factors, which aid in the farmed salmon segment growth.
The wild segment is anticipated to register rapid growth in the coming years, owing to technological advancements and innovations in devices and boats used to catch salmons. Technological innovations such as underwater robots and other smart devices aid in catching wild salmon with ease. Consumers are increasingly shifting towards wild salmons for consumption than farmed ones, due to their authentic and natural taste and other benefits. These facts facilitate the wild salmon segment growth.
Supermarkets/hypermarkets segment holds a significant market share
According to the distribution channels, the canned salmon market is segregated into supermarkets/hypermarkets, specialty stores, online stores, and others. The supermarkets/hypermarkets segment is projected to expand during the forecast period, as supermarkets and hypermarkets have a large loyal customer base than other distribution channels. An increasing number of supermarkets and hypermarkets in developing countries that gather a vast consumer base is estimated to boost the segment growth in the coming years.
The online stores segment is anticipated to register significant growth during the forecast period, as an increasing number of consumers prefer the convenience of shopping on the internet within the comfort of their houses. An online store enables seafood dealers and retailers to have direct communication with consumers, which aids in the expansion of the segment in the coming years.
North America to dominate the global market
In terms of regions, the canned salmon market is segmented into Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market in North America is expected to register a CAGR of 5.3% during the forecast period, due to the increasing number of canned salmon manufacturers in the region. The growing demand for canned salmon across North America is compelling existing canned salmon manufacturers to expand their production capacity, which aids in the expansion of the canned salmon market in the region.
The market in Asia Pacific is anticipated to expand at a rapid pace during the forecast period, owing to the increasing demand for canned salmon in countries such as Japan, China, South Korea, and others. The growing number of health-conscious consumers in countries such as Japan prefer protein-based products such as canned salmon, which drives the market in Asia Pacific.
2. Assumptions and Acronyms Used
3. Research Methodology
4. Canned Salmon Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Canned Salmon Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Canned Salmon Market - Supply Chain
4.5. Global Canned Salmon Market Forecast
4.5.1. Canned Salmon Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Canned Salmon Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Canned Salmon Market Absolute $ Opportunity
5. Global Canned Salmon Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Canned Salmon Market Size and Volume Forecast by Types
5.3.1. Fillets
5.3.2. Skinless & Boneless
5.3.3. Minced
5.3.4. Chunks
5.3.5. Others
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Canned Salmon Market Analysis and Forecast by Region
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Region
6.2.2. Y-o-Y Growth Projections by Region
6.3. Canned Salmon Market Size and Volume Forecast by Region
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. Asia Pacific
6.3.5. Middle East and Africa (MEA)
6.4. Absolute $ Opportunity Assessment by Region
6.5. Market Attractiveness/Growth Potential Analysis by Region
6.6. Global Canned Salmon Demand Share Forecast, 2019-2026
7. North America Canned Salmon Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.2. North America Canned Salmon Market Size and Volume Forecast by Country
7.2.1. U.S.
7.2.2. Canada
7.3. Absolute $ Opportunity Assessment by Country
7.4. North America Canned Salmon Market Size and Volume Forecast by Types
7.4.1. Fillets
7.4.2. Skinless & Boneless
7.4.3. Minced
7.4.4. Chunks
7.4.5. Others
7.5. Basis Point Share (BPS) Analysis by Types
7.6. Y-o-Y Growth Projections by Types
7.7. Market Attractiveness/Growth Potential Analysis
7.7.1. By Country
7.7.2. By Product Type
7.7.3. By Application
7.8. North America Canned Salmon Demand Share Forecast, 2019-2026
8. Latin America Canned Salmon Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Latin America Average Pricing Analysis
8.2. Latin America Canned Salmon Market Size and Volume Forecast by Country
8.2.1. Brazil
8.2.2. Mexico
8.2.3. Rest of Latin America
8.3. Absolute $ Opportunity Assessment by Country
8.4. Latin America Canned Salmon Market Size and Volume Forecast by Types
8.4.1. Fillets
8.4.2. Skinless & Boneless
8.4.3. Minced
8.4.4. Chunks
8.4.5. Others
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. Market Attractiveness/Growth Potential Analysis
8.7.1. By Country
8.7.2. By Product Type
8.7.3. By Application
8.8. Latin America Canned Salmon Demand Share Forecast, 2019-2026
9. Europe Canned Salmon Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Europe Average Pricing Analysis
9.2. Europe Canned Salmon Market Size and Volume Forecast by Country
9.2.1. Germany
9.2.2. France
9.2.3. Italy
9.2.4. U.K.
9.2.5. Spain
9.2.6. Russia
9.2.7. Rest of Europe
9.3. Absolute $ Opportunity Assessment by Country
9.4. Europe Canned Salmon Market Size and Volume Forecast by Types
9.4.1. Fillets
9.4.2. Skinless & Boneless
9.4.3. Minced
9.4.4. Chunks
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Market Attractiveness/Growth Potential Analysis
9.7.1. By Country
9.7.2. By Product Type
9.7.3. By Application
9.8. Europe Canned Salmon Demand Share Forecast, 2019-2026
10. Asia Pacific Canned Salmon Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Asia Pacific Average Pricing Analysis
10.2. Asia Pacific Canned Salmon Market Size and Volume Forecast by Country
10.2.1. China
10.2.2. Japan
10.2.3. South Korea
10.2.4. India
10.2.5. Australia
10.2.6. Rest of Asia Pacific (APAC)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Asia Pacific Canned Salmon Market Size and Volume Forecast by Types
10.4.1. Fillets
10.4.2. Skinless & Boneless
10.4.3. Minced
10.4.4. Chunks
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Market Attractiveness/Growth Potential Analysis
10.7.1. By Country
10.7.2. By Product Type
10.7.3. By Application
10.8. Asia Pacific Canned Salmon Demand Share Forecast, 2019-2026
11. Middle East & Africa Canned Salmon Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Middle East & Africa Average Pricing Analysis
11.2. Middle East & Africa Canned Salmon Market Size and Volume Forecast by Country
11.2.1. Saudi Arabia
11.2.2. South Africa
11.2.3. UAE
11.2.4. Rest of Middle East & Africa (MEA)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Middle East & Africa Canned Salmon Market Size and Volume Forecast by Types
11.4.1. Fillets
11.4.2. Skinless & Boneless
11.4.3. Minced
11.4.4. Chunks
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Market Attractiveness/Growth Potential Analysis
11.7.1. By Country
11.7.2. By Product Type
11.7.3. By Application
11.8. Middle East & Africa Canned Salmon Demand Share Forecast, 2019-2026
12. Competition Landscape
12.1. Global Canned Salmon Market: Market Share Analysis
12.2. Canned Salmon Distributors and Customers
12.3. Canned Salmon Market: Competitive Dashboard
12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
12.4.1. Bumble Bee Foods, LLC.
12.4.2. PATAYA FOOD INDUSTRIES
12.4.3. Thai Union Group PCL.
12.4.4. BlueNalu, Inc.
12.4.5. Canadian Fishing Company (Canfisco)
12.4.6. Freedom Foods Group Limited
12.4.7. Maruha Nichiro Corporation