Tinned Fish Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 6.20 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Europe |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Tinned Fish Market Analysis
Tinned Fish Market is projected to register a CAGR of 6.2% during the forecast period, 2022-2027.
The growing demand for seafood coupled due to its healthy attributes like the presence of superior quality proteins, essential fatty acids, and macro and micronutrients is driving the global tinned fish market. Fish represents a rich source of nutrients necessary for good health. In addition, the expanding trend of consuming convenience foods due to busy lifestyles is influencing consumer inclination towards processed food such as tinned fish. Further, the improved distribution infrastructure and fish processing methods are driving the growth of the tinned fish market across the globe. Therefore, new product introductions, expanding distribution channels, and improvements in canning techniques are anticipated to boost market expansion during the projection period.
Packaging is a crucial factor in producing high-quality tinned fish as it aids in the shelf-life and safety of any packaged food. Consumer product usage is anticipated to expand with the introduction of RFID tags in packaging to improve product traceability and aggregation, which will support market expansion. For instance, in March 2021, Thai Union Frozen products SPACE-F announced Foods Tech Accelerator and Incubator Program that allow food processing at a faster pace and preserve the quality of its food.
However, because the quality of fish is influenced by species, the time of year it is harvested, how it is handled, and how it is processed. Thus, appropriate food additives are added to preserve the shelf life, nutritional value, texture, and flavor of tinned fish. As a result, the addition of food additives has the potential to hinder the market's growth during the forecast period.
Tinned Fish Market Trends
This section covers the major market trends shaping the Tinned Fish Market according to our research experts:
Convenience And Nutritional Factors of The Tinned Fish
Fish in tins or cans is a nutrient powerhouse, but perhaps more importantly, it provides a very portable source of protein that can be consumed on the go. Omega-3 levels are higher in oilier varieties like salmon and sardines. According to the Seafood Nutrition Partnership, canned salmon, sardines, anchovies, mackerel, herring, crab, and clams are some of the best sources of omega-3s. Whole fish in cans is also a rich source of calcium. Fish processing helps to soften the calcium-rich bones, making them more palatable and easier to chew. For instance, the edible bones of sardines provide 43% of the daily need for calcium. Moreover, the study conducted by the NIH(National Institutes of Health) shows that people eating seafood reduced respiratory deaths by 20%. Higher fish and omega-3 fatty acid intakes were significantly associated with lower total mortality.
Additionally, most canned fish is cooked before being preserved in metal, so they're safe to eat straight out of the tin. Moreover, fish are tinned in a variety of oils and spices to complement and retain their natural flavor. This provides convenience to the working population and bachelors living out of the home to have healthy food on the go.
Europe Holds The Largest Market Share
Europe is leading the global tinned fish market owing to the increasing popularity of protein-rich convenience foods in the region. The high content of polyunsaturated fatty acids in fish and other kinds of seafood is influencing consumer spending on tinned fish. The growing popularity of sustainable seafood products in Germany, the United Kingdom, Portugal, and France is expected to drive the market for sustainable tinned fish. For instance, according to the European Market Observatory for fisheries and aquaculture, in 2020, Spain has the largest household consumption volume of fish products at almost 646 thousand tons, followed by Italy at about 308 thousand tons. Moreover, German customers demand canned tuna from fisheries that do not use fish aggregation devices (FADs), yet only 1 in 10 tuna cans sold in Germany is certified by the Marine Stewardship Council (MSC), and tuna products on the German market caught by pole and line have the highest coverage of MSC certification at 68%.
Tinned Fish Industry Overview
The global tinned fish market is competitive with various major companies focusing on growth strategies such as product launches, strategic acquisitions, and partnerships & collaborations. These activities have paved the way for the expansion of business across untapped markets. Some of the major players operating in the market include Bumble Bee Foods, Natural Sea, Chicken of the Sea International, Crown Prince, Inc., and Roland Foods, LLC, among others. Key companies are expanding their investment in improved canning methods, and packaging standards to launch more shelf-stable products. For instance, in August 2022, Stock Merchant Provision, a premium seafood brand launched a new packaging system for its canned tuna product.
Tinned Fish Market Leaders
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Natural Sea
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Crown Prince, Inc.
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Roland Foods, LLC.
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Bumble Bee Foods, LLC.
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Chicken of the Sea
*Disclaimer: Major Players sorted in no particular order
Tinned Fish Market News
- In September 2022, Ocean Brands, a brand of sustainably caught fish in Canada launched a wild-caught tinned fish line of Brisling sardines and fillets of mild mackerel packed fresh in oil across the United States.
- In January 2022, Minnow, a tinned seafood company, United States-based restaurant group, launched its inaugural line of products. The private-label line of shelf-stable tinned seafood products includes Alaskan salmon, Icelandic cod liver, and Spanish sardines.
- In January 2022, Restaurateurs Nialls Fallon, Nick Perkins, and Leah Campbell in a partnership entered into the tinned fish market with the launch of tinned salmon, sardines, and cod liver, directly off their website and in their restaurants.
Tinned Fish Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Drivers
- 4.2 Market Restraints
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4.3 Porter's Five Force 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 Type
- 5.1.1 Mackerel
- 5.1.2 Salmon
- 5.1.3 Sardines
- 5.1.4 Tuna
- 5.1.5 Other
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5.2 By Distibution Channel
- 5.2.1 Supermarkets and Hypermarkets
- 5.2.2 Convenience Stores
- 5.2.3 Online Retail Channels
- 5.2.4 Other Distribution Channels
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5.3 By Geography
- 5.3.1 North America
- 5.3.1.1 United States
- 5.3.1.2 Canada
- 5.3.1.3 Mexico
- 5.3.1.4 Rest of North America
- 5.3.2 Europe
- 5.3.2.1 United Kingdom
- 5.3.2.2 Germany
- 5.3.2.3 Spain
- 5.3.2.4 France
- 5.3.2.5 Italy
- 5.3.2.6 Russia
- 5.3.2.7 Rest of Europe
- 5.3.3 Asia-Pacific
- 5.3.3.1 China
- 5.3.3.2 Japan
- 5.3.3.3 India
- 5.3.3.4 Australia
- 5.3.3.5 Rest of Asia-Pacific
- 5.3.4 South America
- 5.3.4.1 Brazil
- 5.3.4.2 Argentina
- 5.3.4.3 Rest of South America
- 5.3.5 Middle East & Africa
- 5.3.5.1 Saudi Arabia
- 5.3.5.2 South Africa
- 5.3.5.3 Rest of Middle East & Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Most Adopted Strategies
- 6.2 Market Share Analysis
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6.3 Company Profiles
- 6.3.1 Bumble Bee Foods
- 6.3.2 Natural Sea
- 6.3.3 Chicken of the Sea International
- 6.3.4 Crown Prince, Inc.
- 6.3.5 Roland Foods, LLC.
- 6.3.6 Wild Planet
- 6.3.7 Tri Marine International
- 6.3.8 High Liner Foods
- 6.3.9 Mazzetta Company
- 6.3.10 Connors Bros.
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. IMPACT OF COVID-19 ON THE MARKET
9. DISCLAIMER
Tinned Fish Industry Segmentation
Tinned fish is processed fish, sealed in an airtight can, and preserved in salt and water, or oil. The global tinned fish market is segmented by type, distribution channel, and geography. By type, the market is segmented into mackerel, salmon, sardines, tuna, and others. Based on the distribution channel, the market is segmented into supermarkets/hypermarkets, convenience stores, online retail stores, and other distribution channels. It provides an analysis of emerging and established economies across the world, comprising North America, Europe, South America, Asia-Pacific, and Middle East and Africa. For each segment, the market sizing and forecasts have been done on the basis of value (in USD million).
| By Type | Mackerel | |
| Salmon | ||
| Sardines | ||
| Tuna | ||
| Other | ||
| By Distibution Channel | Supermarkets and Hypermarkets | |
| Convenience Stores | ||
| Online Retail Channels | ||
| Other Distribution Channels | ||
| By Geography | North America | United States |
| Canada | ||
| Mexico | ||
| Rest of North America | ||
| By Geography | Europe | United Kingdom |
| Germany | ||
| Spain | ||
| France | ||
| Italy | ||
| Russia | ||
| Rest of Europe | ||
| By Geography | Asia-Pacific | China |
| Japan | ||
| India | ||
| Australia | ||
| Rest of Asia-Pacific | ||
| By Geography | South America | Brazil |
| Argentina | ||
| Rest of South America | ||
| By Geography | Middle East & Africa | Saudi Arabia |
| South Africa | ||
| Rest of Middle East & Africa |
Tinned Fish Market Research FAQs
What is the current Tinned Fish Market size?
The Tinned Fish Market is projected to register a CAGR of 6.20% during the forecast period (2024-2029)
Who are the key players in Tinned Fish Market?
Natural Sea, Crown Prince, Inc., Roland Foods, LLC., Bumble Bee Foods, LLC. and Chicken of the Sea are the major companies operating in the Tinned Fish Market.
Which is the fastest growing region in Tinned Fish Market?
Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Tinned Fish Market?
In 2024, the Europe accounts for the largest market share in Tinned Fish Market.
What years does this Tinned Fish Market cover?
The report covers the Tinned Fish Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Tinned Fish Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Tinned Fish Industry Report
Statistics for the 2024 Tinned Fish market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Tinned Fish analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
