The Latin America, Middle East and Africa Canned Salmon Market would witness market growth of 7.1% CAGR during the forecast period (2021-2027).
Salmon consumption helps to avoid several chronic diseases such as heart disease, stroke, cancer, arthritis, Alzheimer's disease, asthma, and Crohn's disease. Maintaining a healthy balance of omega-3 and omega-6 fatty acids in the blood is critical for lowering the risk of heart disease. Canned salmon sales are being driven globally by the demand for health supplements in everyday life to battle rising health concerns.
As a result of the growing awareness for environmentally and socially responsible seafood procurement among consumers, customers have begun to choose seafood products that are sourced in a sustainable manner. As a result, a growing number of canned salmon providers are looking for raw materials from fisheries that are certified by the Marine Stewardship Council (MSC) and the Aquaculture Stewardship Council (ASC) as part of a sustainable initiative that will enhance canned salmon sales in the market.
The canned salmon was part of IPHD's work with local Parent Teacher Associations to boost school attendance (especially among females), promote malaria control, repair classrooms, and improve school hygiene. As a result of its success, Alaska Canned Salmon is now being used in other African projects. Thus, these factors are expected to fuel the growth of the regional Canned Salmon Market during the forecasting period.
The Brazil market dominated the LAMEA Canned Salmon Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $64 million by 2027. The Argentina market is exhibiting a CAGR of 7.7% during (2021 - 2027). Additionally, The UAE market would witness a CAGR of 6.8% during (2021 - 2027).
Based on Nature, the market is segmented into Farmed and Wild. Based on Sales Channel, the market is segmented into Hypermarkets/Supermarkets, Specialty Stores, Online Channels and Others. Based on Type, the market is segmented into Fillet, Chunk, and Minced. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Canned Salmon Market is Predict to reach $4.2 Billion by 2027, at a CAGR of 4.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Crown Prince, Inc., Maruha Nichiro Corporation, Tassal Group Limited, Austevoll Seafood ASA (Lerøy Seafood Group ASA), Vital Choice Wild Seafood & Organics (1-800-Flowers.com, Inc.), Trident Seafoods Corporation, Mitsubishi Corporation, Thai Union Group PCL, Wild Planet Foods, Inc., and F.C.F. Fishery Co., Ltd. (Bumble Bee Foods, LLC).
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