Global Canned Seafood Market Projected to Reach USD 28.18 Billion by 2025
Boonton, NJ -- (SBWIRE) -- 10/12/2018 -- Global Canned Seafood Market Analysis
According to Verified Market Intelligence, the Global Canned Seafood Market was valued at USD 21.88 Billion in 2017 and is projected to reach USD 28.18 Billion by 2025, growing at a CAGR of 3.2% from 2018 to 2025.
What is Canned Seafood?
Canned Seafood is the term used to describe products such as shrimp, prawn and fish are processed and then packed into an airtight container (such as a tin can). Canned seafood is extremely beneficial in many ways because the food can then be preserved for a longer time. This encourages less wastage of food as well as enables the food to be stores for long periods of time without any damage. Canned seafood in general have gone through a processing stage by which the food is sterilized, which therefore prevents the spoilage of seafood as well as the increase of shelf life.
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Global Canned Seafood Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and Restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.
Advantageous factors of Canned Seafood is the increasing of shelf life as well as the prevention of spoilage of the seafood. Factors such as the unpleasant odors and flavor that is commonly associated with spoiled fish as well as the concerns for the quality of the fish are retraining the market for canned seafood.
Verified Market Intelligence narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements which interests the client. The "Global Canned Seafood Market" is mainly bifurcated into sub-segments which can provide a classified data regarding latest trends in the market. This can be of a great use in gaining knowledge about the cutting-edge technologies in the market.
Global Canned Seafood Market Competitive Landscape
The "Global Canned Seafood Market" study report will provide a valuable insight with an emphasis on global market including some of the major players such as Maruha Nichiro Corporation, Thai Union Group, Mogster Group, Marine Harvest, Aquachile, Brunswick Seafood, Bumble Bee Seafoods, Starkist Co, Icicle Seafoods, Inc., Trident and Seafoods Corporation. Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above mentioned players globally.
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Global Canned Seafood Market Segmentation, by Product
On the basis of product, Global Canned Seafood Market is segmented into:
Tuna accounted for largest market share in terms of product in the global canned seafood market in the year 2017 and is expected to lead the market over the forecast period.
Global Canned Seafood Market Segmentation, by Distribution Channel
On the basis of distribution channel, Global Canned Seafood Market is classified into:
- Convenience stores
- Supermarkets and hypermarkets
- Independent retailers
The supermarkets and hypermarkets distribution channel segment dominated the market in 2017 and is projected to grow at the highest rate over the forecast period.
Global Canned Seafood Market Geographic Scope
- North America
o Rest of Europe
- Asia Pacific
o Rest of Asia Pacific
- Latin America
- Rest of the World
Europe dominated the market in the year 2017. However, Asia Pacific is expected to account for the largest share in the forthcoming years courtesy growing demand for canned food from emerging economies.
Table Of Content
1 Introduction Of The Global Canned Seafood
2 Executive Summary
3 Research Methodology Of Verified Market Intelligence
4 The Global Canned Seafood Outlook
5 The Global Canned Seafood, By Systems
6 The Global Canned Seafood, By Service
7 The Global Canned Seafood, By Verticals
8 The Global Canned Seafood, By Applications
9 The Global Canned Seafood, By Geography
10 The Global Canned Seafood Competitive Landscape
Reason to Buy
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Canned Seafood market
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the Canned Seafood market, thereby allowing players to develop effective long term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
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