Canned Seafood Market Size, Share, Growth Outlook & Challenges, 2032

Market Overview

The global canned seafood market, valued at USD 30.46 billion in 2024, is projected to reach USD 45.11 billion by 2032, growing at a CAGR of 5.13% from its 2025 valuation of USD 31.78 billion. In 2024, the Asia Pacific region held the largest canned seafood market Share at 58.6%.

The U.S. market is expected to grow to USD 5.38 billion by 2032, driven by the demand for shelf-stable protein. Future expansion relies on increasing consumer demand for eco-friendly products and transparent labeling, prompting major companies to introduce more sustainable canned seafood options.

Fortune Business Insights presents this information in their report titled "Canned Seafood Market, 2025–2032."

List of Key Players Profiled in the Market Report

• Nippon Suisan Kaisha, Ltd (Japan)

• LDH (La Doria) Ltd (U.K.)

• American Tuna, Inc. (U.S.)

• Universal Canning, Inc. (Philippines)

• Connors Bros. Ltd. (Brunswick Seafoods) (Canada)

• Nueva Pescanova (Spain)

• Marine Harvest ASA (Norway)

• Thai Union Frozen Products (Thailand)

• Royal Greenland (Greenland)

• StarKist Co. (U.S.)

Segments

Increasing Tuna Fish Consumption due to Its Higher Availability to Fuel Segment Growth

The market is divided by species into tuna, salmon, sardines, mackerel, and others. Tuna holds the largest share of the canned seafood market. This is because tuna consumption is rising, thanks to its high availability in over 70 countries.

Increased Accessibility of Various Products to Foster Retail Segment Growth

The market is divided into two main groups: places where people eat and drink (like hotels, restaurants, and cafes) and stores. Stores include big supermarkets, specialty shops, small convenience stores, and online shops. Big supermarkets and hypermarkets are the biggest because they have a lot of different products. But, online shops are growing the quickest because of new technology.

The market is also spread out across different areas of the world: North America, South America, Europe, the Middle East & Africa, and Asia Pacific.

Source: https://www.fortunebusinessinsights.com/canned-seafood-market-103806

Report Coverage

The market research report gives a detailed look at the market, focusing on competition and top product types. It offers helpful information on market trends and important changes in the industry. The report also looks at different things that have helped the market grow recently.

Drivers and Restraints

Surging Investments in Aquaculture Production Advancements to Accelerate Market Growth

The growing awareness of healthy eating has led to increased demand for seafood, prompting large seafood companies to ramp up production. However, their efforts are challenged by climate change and government regulations aimed at preventing overfishing, which limit their ability to catch more fish. In response, these companies are investing in innovative seafood farming methods, a move expected to further boost market growth. The rapid expansion of the seafood farming industry is also contributing to this upward trend. Despite these advancements, the scarcity of fish caused by overfishing remains a significant barrier, slowing the overall growth of the seafood market.

Regional Insights

Increase in per Capita Consumption to Propel Market Growth in Europe

The Europe market was worth $17.85 billion in 2024, growing due to higher seafood consumption in countries like China and India, seen as a main food. Europe's market is also expanding, mainly because of a rise in seafood eating and a growing interest in cooking.

Competitive Landscape

Key Market Players Emphasizing Product Innovations to Maintain Their Competitive Edge

Leading companies are working on being more eco-friendly and teaming up to make more products and satisfy customer needs. For instance, in May 2019, Nippon Suisan Kaisha Ltd. shared a plan to improve production and boost its output.

Key Industry Development

January 2024 – Norway-based canned seafood manufacturer, King Oscar, launched a new product line of Atlantic salmon in extra virgin oil. The skinless and boneless fish products are available in three varieties in the U.S. market.