The North America Canned Salmon Market would witness market growth of 4.6% CAGR during the forecast period (2021-2027).
Canned foods are the finest options for health-conscious consumers, especially athletes. Additionally, canned salmon has been seen as having a longer shelf life, as well as the ability to store it and ship it to other countries or continents when salmon fish is scarce owing to resource constraints. Moreover, the growing popularity of canned salmon among customers around the world would boost the growth of the market during the forecasting period.
Salmon is a popular fish because it has a distinct flavor and a variety of health benefits that appeal to the general people. Canned fish is an excellent source of nutrition, protein, and other vital elements, like omega-3 fatty acids. Additionally, prepared canned salmon is heated after being processed and packed in an airtight container.
According to the US National Marine Fisheries Service (NMFS), the US market imported 158,200 tonnes of canned fish in 2018. In addition, one of the key trends of the regional market is the growing popularity of ready-to-cook dishes. Moreover, Sales of canned salmon in the region are being driven by an increase in the number of canned salmon manufacturers as well as the expansion of existing firms in response to rising demand.
The US market dominated the North America Canned Salmon Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $842.2 million by 2027. The Canada market is experiencing a CAGR of 7% during (2021 - 2027). Additionally, The Mexico market would witness a CAGR of 6% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Canned Salmon Market is Estimated 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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