The Canned Salmon Market to reach $5.3 Billion by 2030; Increasing demand for convenience, long shelf life, growing demand for protein, health and nutritional benefits, affordable pricing, expansion of retail and online distribution channels, product

The Canned Salmon Market   size is estimated to reach $5.3 Billion by 2030, growing at a CAGR of 4.7% during the forecast period 2024-2030, according to a recent report published by IndustryARC, titled, “Canned Salmon Market  - By Product Type (Pink Salmon, Red Salmon, Chum Salmon, Sockeye Salmon, Coho Salmon, Atlantic Salmon and Others), By Packaging Material (Metal, Plastic, Glass, Others), By Category (Sterilized, Pasteurized), By Distribution Channel (Offline, Online) and By Geography - Opportunity Analysis & Industry Forecast, 2024-2030.

The Canned Salmon Market is driven by several key factors, including the rising demand for convenient, shelf-stable products. Changing consumer lifestyles, marked by busier schedules, fuel the need for quick, easy meal solutions. Sustainability is also a driving force, as companies increasingly adopt eco-friendly packaging to meet consumer expectations. Economic factors, like inflation, make canned foods attractive due to their affordability and long shelf life. Additionally, advancements in packaging technology are improving the quality and appeal of canned food like salmon, enhancing taste retention and preserving nutrients. 

North America leads the canned salmon market, driven by high consumer awareness of its nutritional benefits and convenience. In countries like the U.S. and Canada, canned salmon is a pantry staple, offering an affordable and accessible source of high-quality protein and omega-3 fatty acids. As of May 2024, the U.S. Department of Agriculture (USDA) has awarded more than $8.8 million in U.S. salmon and walleye contracts. As part of these contracts, Silver Bay Seafoods won the largest and will deliver $7.35 million worth of canned pink salmon to several U.S. cities between July and December 2024 as part of the USDA’s Child Nutrition Program and other domestic assistance programs. The region’s well-established retail infrastructure, including supermarkets and specialty stores, ensures widespread availability of canned salmon products. Additionally, the growing health-conscious population in North America seeks nutritious and sustainable food options, further boosting canned salmon sales.

The growing popularity of sushi globally, including in grocery stores, positively impacts the demand for canned salmon. While fresh fish remains a staple for sushi preparation, canned salmon is gaining traction as an alternative ingredient for grocery store sushi and home cooks. Its convenience, long shelf life and availability make it an attractive choice for creating sushi rolls, nigiri and other Japanese-inspired meals at home. According to the Food Institute, consumers are increasingly turning toward grocery store sushi when looking for a healthier snack or quick meal and 2023 sales of store sushi are up more than 70% compared to 2022 at some retailers. Canned salmon’s affordability compared to fresh seafood further enhances its appeal among budget-conscious consumers as store bought sushi is cheaper than restaurant sushi and to account for this relies on canned ingredients rather than fresh fish.

The rising global demand for seafood is a key driver in the Canned Salmon Market. Consumers increasingly prefer canned seafood such as salmon for their convenience, long shelf life and nutritional benefits, particularly high protein and omega-3 fatty acid content. Major companies like have reported increasing sales volumes in response to this demand. For instance, in January 2024, Trident Seafoods landed the largest contract from USDA to supply more than $6.06 million worth of canned pink salmon while OBI Seafoods will supply around $568,000 worth of canned pink salmon. 

• In August 2024, Silver Bay Seafoods won a $27.3 million bid to acquire the frozen seafood assets of Peter Pan Seafoods

• In March 2024, Silver Bay announced plans to acquire Trident's processing facility in Ketchikan, Alaska. The facility is dedicated entirely to canned and frozen salmon.The sale is expected to be finalized in April 2024. 

Key companies profiled in the Canned Salmon Market are Bumble Bee Foods, LLC, Dong Won Industries, Pacific Seafood Group, John West Foods Ltd., Thai Union Group Public Company Limited, Trident Seafoods Corporation, Nordic Group of Companies, Polar Salmon AS, OBI Seafoods, Salmones Camanchaca S.A. and Others

Convenience Food Retail Market -The global convenience food retail market is estimated to surpass $1,138.6 billion by 2025, growing at a CAGR of 4.49% during the forecast period 2018–2025. The market is driven by the increase in working population and busy lifestyle of people across various regions.

 

Frozen Food Market - Frozen Food Market Size is forecast to reach $ 426622 Million by 2030, at a CAGR of 5.50% during forecast period 2024-2030.The growth of the Frozen Food Market is being driven by a soaring intake of frozen ready meals involving good quality raw materials.

Ready To Eat Food Market - Ready To Eat Food Market size is estimated to reach $231.4 billion by 2027, growing at a CAGR of 5.2% during the forecast period 2022-2027. The soaring intake of convenient ready-to-eat foods like baked foods and frozen products by youth is set to drive the Ready To Eat Food Market. 

IndustryARC primarily focuses on Market Research and Consulting Services specific to Cutting Edge Technologies and Newer Application segments of the market. The company’s Custom Research Services are designed to provide insights into the constant flux in the global demand-supply gap of markets.  

IndustryARC’s goal is to provide the right information required by the stakeholder at the right point in time, in a format that assists an intelligent and informed decision-making process.

Mr. Venkat Reddy

IndustryARC

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