Sarasota, FL -- (SBWIRE) -- 05/18/2018 -- Canned Salmon Market: Overview

Canning is a food preservation method during which the intended food product is first sealed in air-tight jars, cans or pouches and then heated to a specific temperature that would destroy the contaminating microorganisms that can either be health or spoilage causing, this danger is posed by several spore-forming thermo-resistant microorganisms, such as Clostridium botulinum which is the causative agent of botulism. Canning is an effective method of preservation as it destroys microorganisms, inactivates enzymes and seals the container to prevent recontamination. Canning helps in increasing shelf life of a product ranging from one to five years but can last much longer than that under specific conditions. Salmon is fairly popular fish with a distinct taste with numerous health benefits, the idea of canned salmon was anticipated to increase the shelf life as well as feasibility to store and export it other countries where salmon is not available due to the dearth of resources.

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Canned Salmon Market: Growth Factors

Salmon which is a popular fish among the population is also rapidly gaining popularity in canned form as it can be consumed with or without other food items. It is extremely nutrient dense and contains the highly prized omega-3 fatty acids, research indicates that diets rich in omega-3 fatty acids may decrease the risk of heart attack by reducing inflammation. Salmon can also help manage depression as it contains tryptophan which is a precursor to serotonin and also is a good source of vitamin D, the fish is laden with health benefits such as blood pressure control, weight loss, and obesity, enhances heart health, boosts immune system, cancer prevention, and reduced inflammation are among others. Increasing prominence of aquaculture and staggering demand for seafood and various fish products is anticipated to contribute broadly to the growth of the canned salmon market during the forecast period. New and innovative products, growing consumer demand, new product launches by the players to stay in competition is a key driving force for the growth of the market. However, attack of sea lice, algae blooms, deterioration of aquatic ecosystem and increasing cases of water contamination are the key restraints for the canned salmon market. Consumption of canned salmon can be hazardous to one's health along with a decrease of salmon population and illegal fishing are also few potential restraints to the growth of the market.

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Canned Salmon Market: Segmentation

The canned salmon market is segmented on the basis of the type of salmon: canned and distribution channels used. On the basis of the type it is further sub-segmented into farmed canned salmon and wild canned salmon wherein, the farmed canned salmon accounted for 56% of the total market share in 2015. This segment's growth can be associated to the increase in salmon aquaculture practice which is the characteristics of industrial production of salmon with net cage, pond or a contained system. Distribution channel based segmentation is further sub-segmented as convenience stores, supermarkets & hypermarkets and independent retailers among which convenience stores were the most preferred medium of distribution during 2015 and took up around 48% of the total market revenue. Urbanization and changing lifestyle is the key to the rise in a number of convenience stores and as the majority of the urban population is experiencing a shortage of time they are willing to opt for convenience stores.

Canned Salmon Market: Regional Analysis

Asia-Pacific is a dominant region in the canned salmon market in terms of revenue and is projected to occupy a substantial market share during the forecast period. Countries like China, India, and Japan in the region are noticing the significantly high demand for canned salmon owing to rising population, increasing awareness regarding protein intake and surging disposable income among the consumers. North America and Europe are predicting steady growth over the forecast period due to the prevalence of cultural practices wherein such type of food products are preferred along with raising awareness pertaining to health benefits of salmon consumption.

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Canned Salmon Market: Competitive Players

Some of the major players in canned salmon market are Bumble Bee Foods, Princes Group, Beijing Prices Seafood International Trading, Austevoll Seafood ASA, Thai Frozen Products Company, Marine Harvest, Mogster Group, EmpresasAquaChile, Sajo Industries, Tassal group, Dong Won Fisheries.

Canned Salmon Market: Regional Segment Analysis

North America
The U.S.
Europe
The UK
France
Germany
The Asia Pacific
China
Japan
India
Latin America
Brazil
The Middle East and Africa

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