Revenue from the global canned salmon market is estimated at US$ 3.46 billion in 2024 and has been forecasted to increase at a CAGR of 7.1% to reach US$ 6.89 billion by the end of 2034.
Since canned salmon is so convenient and has many health advantages, its demand is rising worldwide. This adaptable seafood choice is becoming more and more well-liked in a variety of markets, from developing countries looking for inexpensive, wholesome protein sources to health-conscious customers in developed countries.
Recent emphasis on the heart and brain health benefits of omega-3 fatty acids has brought canned salmon to light as a readily available superfood. Busy homes and those planning for crises find its lengthy shelf life and ready-to-eat character appealing. The popularity of canned salmon is growing due to sustainability concerns, as many manufacturers now provide alternatives that are sourced sustainably. This is consistent with consumers' increasing desire for ecologically responsible food options.
As Western-style diets continue to gain popularity, canned salmon is finding new markets in Asia, where fish intake is historically strong. In the meanwhile, it is becoming a mainstay of diets focused on health in North America and Europe. Salmon in a can is projected to become even more popular as lean proteins and omega-3s continue to be highlighted in global health trends, solidifying salmon's position on pantry shelves everywhere.
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Key Takeaways from Market Study:
“Manufacturers are responding to diverse consumer preferences with new flavors and product forms, such as roasted and smoked salmon, enhancing market appeal. The trend towards healthier dietary choices is supporting the rise in canned salmon consumption,” reports Fact.MR analyst.
Easy-Open Cans and Single-Serve Sizes Addressing Needs of Older Individuals
Canned salmon is a common pantry item that is becoming more and more of a gourmet element as manufacturers create intriguing new tastes and textures. Convenient yet elegant dinner alternatives are sought after by younger customers and food connoisseurs who choose flavor-infused variations including lemon dill, smokey BBQ, and spicy sriracha.
Brands are providing low-sodium and omega-3 fortified versions for those who are health-conscious. Flaked salmon makes spreading easier, while chunky salmon works well in heartier meals. Some manufacturers are even experimenting with goods that resemble salmon jerky in an attempt to appeal to snack-loving consumers.
Salmon is being introduced to younger palates with the assistance of kid-friendly choices that have softer tastes and colorful packaging. Easy-open cans and single-serve sizes meet the demands of older individuals regarding portion management and convenience. These developments are stimulating inventive culinary uses in addition to growing the customer base.
Canned salmon is becoming more and more popular worldwide, fueling demand across all age groups, and finding its way into everything from fancy bowls of salmon to fast and wholesome snacks.
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More Valuable Insights on Offer:
Fact.MR, in its new offering, presents an unbiased analysis of the canned salmon market for 2019 to 2023 and forecast statistics for 2024 to 2034.
The study divulges essential insights into the market based on source (wild, farmed), species (Atlantic, Pacific), form (skinless & boneless, chunks, fillets), category (smoked fish- in oil/deep fried, smoked fish- steamed, conventional/traditional), and sales channel (direct sales, indirect sales), across seven major regions of the world (North America, Western Europe, Eastern Europe, East Asia, Latin America, South Asia & Pacific, and MEA).
Key Companies Profiled:
Suzanne’s Specialties; Nature’s One, Inc.; Wuhu Deli Foods Co. Ltd.; Axiom Foods; California Natural Products (CNP); ABF Ingredients; Cargill Incorporated; ADM; Wuhu Haoyikuai Food Co. Ltd.; Gulshan Polyols Ltd.; Malt Products Corporation; Habib Rice Products Ltd.; Lundberg.
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