San Francisco, California, May 24, 2017: Various recognized benefits of seafood consumption is propelling the demand for canned seafood across the globe, states TMR Research in a research report. The report is titled, “Canned Seafood Market – Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 – 2025.”
The global market for canned seafood has been expanding rapidly in the last couple of years. An outstanding increase in the global population and the growing popularity of seafood is anticipated to accelerate the growth of the global canned seafood market in the coming years. Furthermore, the growing awareness pertaining to the advantages of consuming seafood among consumers is another factor that is expected to benefit the global canned seafood market in return in the long run.
The growing preference for ready to eat and convenience food from consumers owing to hectic lifestyle and the growing number of working women is expected to help in the expansion of the canned seafood market. Furthermore, the improvements made in the channels and networks of distribution of food items is expected to further accelerate the sales of canned seafood in the coming years. The rising demand for canned seafood is also expected to be supplemented owing to a substantial rise in seafood trade and the rising demand for processed seafood items.
However, the growth of the market is likely to be hampered by the concerns over illegal overfishing and the negative climatic conditions impacting the eco life. Additionally, strict regulations implemented by governments are further expected to curtail the growth of the market in the near future. In order to address these issues, market players can look forward to opportunities arising from the e-commerce sector and the rising preference on research and development activities for increasing the shelf life of the canned seafood products. The market is expected to experience stable growth if it follows this pattern and expands its geographical reach.
Benefits of seafood include low fat, low cholesterol, and high levels of protein are gaining prominence among the urban population. As hectic lifestyle leads to several health related disorders such as hypertension, stroke, obesity, and heart diseases, the demand for seafood is rising among such consumers as it helps in addressing these health issues. With the growing urban population and disposable income of consumers rising in the emerging economies, the demand for seafood is likely to be high in the coming years.
Region-wise, the global canned seafood market was led by North America and Europe in terms of consumption wing to enhanced product shelf-life, high awareness regarding advantages of seafood, and busy lifestyle in the regions. Some of the leading companies in the market are Mark Foods Inc., Oceana group, Mazetta Company, Tri Marine International, CamilAilmentos, High Liner Foods, and Gomes da Costa.