South America Canned Seafood Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 5.64 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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South America Canned Seafood Market Analysis
South America canned seafood market is expected to grow with a CAGR of 5.64 % during the forecast period (2020 - 2025).
- The South American market is expected to be witness a significant demand for canned seafood in the near future owing to the rising health concerns regarding the ill-effects of excessive consumption of red meat. The people of the country are turning to seafood for fulfilling their protein requirements.
- This is supported by the fact that access to diagnosis in the region is restricted and access to care is highly variable, particularly in regard to urban vs. rural settings, which is making the population shift more toward healthy eating, thus driving the growth of canned seafood products in the market.
- Vast opportunities for canned seafood are hence, anticipated to exist in the region as brands are compelled to meet consumer demands for clean, simple, and safe products.
- Brazil accounted for the largest share of the market for canned seafood products in South America as the growing middle-class population has fueled a change in the traditional buying pattern.
South America Canned Seafood Market Trends
This section covers the major market trends shaping the South America Canned Seafood Market according to our research experts:
Increasing Fish Trade to Foster Market Growth
Brazil is the largest country in the region but still remains largely dependent on imports to satiate the demand of its consumers. The country has all the resources to become an aquaculture leader but the red tape and insufficient supportive legislation, infrastructure, and investments by both domestic and global seafood manufacturers have been discouraging for the growth of aquaculture in the country. On the contrary, Chile and Ecuador are greatly involved in the export of seafood and have been supplying their canned products to Brazil, Argentina, and the other countries of the region. Tilapia is among the most exported seafood in the region, traded both in canned and frozen formats due to its high demand among all other seafood in the region.
Brazil Dominates the Canned Seafood Market in the Region
Brazil is one of the countries with the highest potential for fishery production of the world. Brazil can count on growing investments and institutional commitment to foster businesses associated with regulation, tributary policy, research and technological development, credit lines, stimulation to consumption, among the other policies to set up a strong market for canned seafood in the country. The increasing disposable income of the locals as a result if the upgrading society in the country is a major reason for the inflated demand for canned seafood in the country. The companies are also expanding their distribution channel in the remote areas of their country analyzing the potential of the Brazilian market to prosper in the near future.
South America Canned Seafood Industry Overview
Expanding the market presence in emerging economies of the region has been a key strategy behind the global companies' growth. With growing income levels and an increasing level of knowledge regarding the consumption of healthy food in these economies, companies are catering to the dynamic needs of the people for canned seafood in the regional countries. Regional private-label brands hold a significant share due to the increasing consumer inclination towards low-priced products. Geographical expansion into the countries has been a major strategy to establish a large consumer base.
South America Canned Seafood Market Leaders
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Grupo Calvo
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Grupo Camil
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Beira Mar Importers Co Ltd
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Tri Marine Group
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Leal Santos
*Disclaimer: Major Players sorted in no particular order
South America Canned Seafood Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Deliverables
- 1.2 Study Assumptions
- 1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
- 3.1 Market Overview
4. MARKET DYNAMICS
- 4.1 Market Drivers
- 4.2 Market Restraints
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4.3 Porter's Five Forces Analysis
- 4.3.1 Threat of New Entrants
- 4.3.2 Bargaining Power of Buyers/Consumers
- 4.3.3 Bargaining Power of Suppliers
- 4.3.4 Threat of Substitute Products
- 4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
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5.1 By Product Type
- 5.1.1 Canned Fish
- 5.1.1.1 Tuna
- 5.1.1.2 Salmon
- 5.1.1.3 Other Canned Fish
- 5.1.2 Canned Shrimp
- 5.1.3 Other Canned Fish
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5.2 By Distribution Channel
- 5.2.1 Supermarkets/Hypermarkets
- 5.2.2 Convenience Stores
- 5.2.3 Online Retail Stores
- 5.2.4 Other Distribution Channels
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5.3 Geography
- 5.3.1 Brazil
- 5.3.2 Chile
- 5.3.3 Rest of South America
6. COMPETITIVE LANDSCAPE
- 6.1 Most Active Companies
- 6.2 Most Adopted Strategies
- 6.3 Market Share Analysis
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6.4 Company Profiles
- 6.4.1 Grupo Calvo
- 6.4.2 Grupo Camil
- 6.4.3 Beira Mar Importers Co Ltd
- 6.4.4 Jealsa
- 6.4.5 Leal Santos
- 6.4.6 Pesquera San Jose S.A.
- 6.4.7 Tri Marine Group
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
South America Canned Seafood Industry Segmentation
The South America canned seafood market is segmented by product type into canned fish, canned shrimp, and other canned fish. The canned fish segment is further divided into tuna, salmon, and other canned fish types. Based on the distribution channel, the market is segmented into supermarkets/hypermarkets, convenience stores, online retail stores, and other distribution channels. The market is also classified by geography into Brazil, Chile, and Rest of South America.
| By Product Type | Canned Fish | Tuna |
| Salmon | ||
| Other Canned Fish | ||
| By Product Type | Canned Shrimp | |
| Other Canned Fish | ||
| By Distribution Channel | Supermarkets/Hypermarkets | |
| Convenience Stores | ||
| Online Retail Stores | ||
| Other Distribution Channels | ||
| Geography | Brazil | |
| Chile | ||
| Rest of South America |
South America Canned Seafood Market Research FAQs
What is the current South America Canned Seafood Market size?
The South America Canned Seafood Market is projected to register a CAGR of 5.64% during the forecast period (2024-2029)
Who are the key players in South America Canned Seafood Market?
Grupo Calvo, Grupo Camil, Beira Mar Importers Co Ltd, Tri Marine Group and Leal Santos are the major companies operating in the South America Canned Seafood Market.
What years does this South America Canned Seafood Market cover?
The report covers the South America Canned Seafood Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the South America Canned Seafood Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
South America Canned Seafood Industry Report
Statistics for the 2024 South America Canned Seafood market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. South America Canned Seafood analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
