The canned salmon market was valued at US$ 3,039.67 million in 2019 and is projected to reach US$4,136.52 million by 2027; it is expected to grow at a CAGR of 4.1%from 2020to 2027.
Canned fish are an important food source. They are rich in protein and other essential nutrients, such as omega-3 fatty acids. Canned salmon is processed and sealed in an airtight container and subjected to heat. Canning of food product helps to preserve the food and increases the shelf life of food product. Consumers are seeking minimally processed foods that are free from synthetic preservatives and obnoxious residues of fertilizers and antibiotics. Canned foods are, thus, the best alternatives for health-conscious consumers, particularly athletes. Canned salmon has been perceived in order to increase its shelf life along with feasibility to store it & to import it to other countries or continents where salmon fish is not easily available due to lack of resources. Increasing popularity of canned salmon among consumers worldwide would put the market on necessary thrust and escalate the market growth
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Key Players:
Market Segmentation:
Global Canned Salmon Market – by Product Type
Global Canned Salmon Market – by Distribution Channel
Increasing Consumption of Salmon due to Its Health Benefits
Salmon consumption helps prevent heart disease; lower cholesterol and blood pressure; boost brain function; and reduce the risk of cancer, stroke, depression, Alzheimer’s disease, arthritis, Crohn’s disease, and asthma. Rising shift toward healthy eating habits, which consist of a variety of protein foods, including more seafood, is driving the growth of the canned salmon market. As per the Seafood Nutrition Partnership, the dietary guidelines recommend eating around 8 ounces of seafood to get at least 250 mg per day of omega-3 fatty acids. Also, pregnant women are advised to eat at least 8 ounces of seafood every week for improved infant health. The salmon consumption is increasing at an unprecedented rate worldwide. For instance, as per the World Wildlife Fund, salmon consumption worldwide is three times higher than it was in 1980. Furthermore, salmon aquaculture has become the fastest-growing food production system—accounting for 70% (2.5 million metric tons) of the market, and generating billions of dollars in revenue in local economies globally. Surge in demand for seafood in emerging countries and rise in healthy and nutritious food have increased the salmon consumption globally. For instance, as per the Global Salmon Initiative, animal protein consumption would rise by approximately 73% worldwide by 2050. Also, the growth of salmon farming has provided earning opportunity to several people in coastal and remote areas.
Analysis tools such as SWOT analysis and Porter’s five force model have been inculcated in order to present a perfect in-depth knowledge about Canned Salmon Market. Ample graphs, tables, charts are added to help have an accurate understanding of this market. The Canned Salmon Market is also been analyzed in terms of value chain analysis and regulatory analysis.
The Table of Content for Canned SalmonMarket research study includes:
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