Canned Salmon Market - Forecast(2025 - 2031)

Canned Salmon Market Overview

Canned Salmon Market size is forecast to reach US$5.3 billion by 2030, after growing at a CAGR of 4.7% during 2024-2030. Canned salmon is a type of canned food made from freshly caught or frozen and thawed salmons where the fish is cleaned, cooked and then packed into cans along with a liquid or sauce. Increasing demand for convenience, long shelf life, urbanization and dual-income households, health and nutritional benefits, affordable pricing, expansion of retail and online distribution channels, product innovation and premium offerings, food security and emergency preparedness, and sustainability trends are expected to drive the market during the forecast period.

The trends in the Canned Salmon Market include the growing demand for omega-3 fatty acids and the increasing consumer focus on sustainability. Consumers are increasingly aware of the health benefits of omega-3 fatty acids, which are abundant in salmon. These essential fatty acids are known to support heart health, brain function and cognitive development. This growing awareness is driving demand for omega-3-rich foods, including canned salmon, as a convenient and affordable source of these essential nutrients. Consumers are increasingly concerned about the environmental impact of their food choices. Leading salmon producers, such as Mowi and Marine Harvest, have significantly ramped up their sustainability efforts. These companies have committed to reducing their carbon emissions, with Mowi aiming for net-zero emissions by 2040. Additionally, they are investing in more eco-friendly production methods, including offshore salmon farming and the use of sustainable feed. This is in line with the growing consumer demand for responsibly sourced seafood as per Mowi Annual Report ,2023.

Market Snapshot: 

Canned Salmon Market - Report Coverage:

The “Canned Salmon Market Report - Forecast (2024-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the Canned Salmon Market.

COVID-19 / Ukraine Crisis - Impact Analysis:  

•    The COVID-19 pandemic impacted the Canned Salmon Market positively. According to Central Bank of Ireland, the COVID-19 pandemic caused a positive trend in the European consumption of canned fish as more people turned to home cooking and retail purchases. As retail became the main outlet for fish and seafood, the demand for canned fish increased, especially during lockdown. This reinforced the trend that consumers want simple, ready-to-eat and convenient seafood. Quality, sustainability and traceability are also becoming more important for many consumers. 

•    The Ukraine crisis further exacerbated supply chain challenges, particularly affecting the canned salmon leading to higher costs for food production. This has impacted the prices of canned foods, as transportation costs and raw material shortages increased. However, the crisis has also reinforced the appeal of canned foods as a reliable, long-lasting food source. Consumers in regions affected by the crisis have turned to canned goods to secure food supplies amid ongoing uncertainty.

Key Takeaways

Chum Salmon is the Leading Segment

The leading segment in the Canned Salmon Market is chum salmon due to its widespread availability and affordability. Known for its mild flavor and firm texture chum salmon is highly versatile making it a popular choice for consumers seeking convenience and variety in their meals. Its adaptability to various culinary applications such as salads, casseroles and sandwiches further strengthens its demand. Moreover, chum salmon provides a healthy source of protein and omega-3 fatty acids appealing to health-conscious consumers. Its relatively lower price compared to other salmon types also makes it more accessible to a broader audience. 

Offline is the largest segment

The offline retail segment is indeed growing rapidly and is becoming one of the largest channels for purchasing canned tuna. This dominance is primarily due to the wide availability and convenience these stores offer. Supermarkets and hypermarkets are preferred by consumers for their one-stop shopping experience, where a broad range of canned seafood products is readily available at competitive prices. Major global retailers, such as Walmart, Tesco, and Carrefour, drive significant sales in this segment, benefiting from large-scale operations and established supply chains. For consumers without reliable access to online shopping or those preferring immediate purchases, offline channels remain indispensable. As the canned salmon market continues to grow, traditional brick-and-mortar stores play a pivotal role in ensuring the product’s availability and visibility.

North America Dominates the Market    

North America is the leading region in the global canned salmon industry. In North America, particularly in the United States and Canada, production and consumption of canned salmon are significant. The U.S., with its large domestic salmon industry, especially in Alaska, and Canada, primarily in British Columbia, are major producers of canned salmon. The U.S. is one of the largest markets for canned salmon, driven by brands such as Chicken of the Sea, Starkist and Bumble Bee. These brands cater to the growing demand for convenient and nutritious seafood, with salmon being a key product. In addition to local production, the U.S. imports large quantities of canned salmon from countries like Norway, Chile, and Russia, making it one of the top global consumers. According to the Alaska Department of Fish and Game, 75%–98% of people living in rural Alaska harvest fish and 48%–70% harvest game. As per the report of World Wildlife in year 2023, the Alaska Department of Fish and Game reported a total run of 76 million sockeye salmon in Bristol Bay, of which fishers were able to harvest 58 million. Even in non-banner years, nearly half the world’s wild sockeye harvest comes from Bristol Bay. 

Health Benefits to Drive the Market

The health benefits of canned salmon significantly drive its demand as consumers increasingly prioritize nutritious and functional foods. Packed with omega-3 fatty acids canned salmon supports heart health, brain function and overall wellness appealing to health-conscious individuals. Additionally, its rich protein content aids in muscle maintenance and energy production, making it ideal for fitness enthusiasts and individuals seeking balanced diets. Canned salmon is also a convenient source of essential nutrients such as vitamins D and B13, calcium and selenium. Its long shelf life and ready-to-eat format further enhance its appeal, especially among busy consumers looking for quick and nutritious meal options.

Availability of Fresh Salmon to Hamper the Market

The availability of fresh salmon poses a significant challenge to the canned salmon market, as many consumers prefer fresh options for their perceived superior taste and texture. With advancements in cold chain logistics and the expansion of fresh seafood distribution networks, fresh salmon is becoming more accessible and affordable. Restaurants, supermarkets, and online seafood retailers often highlight fresh salmon’s premium quality, making it an attractive choice for discerning customers. Additionally, fresh salmon’s association with gourmet and high-end dining experiences draws consumers away from canned alternatives.
 
Key Market Players

Global Canned Salmon top 10 companies include:
1.    Bumble Bee Foods, LLC
2.    Dong Won Industries
3.    Pacific Seafood Group
4.    John West Foods Ltd.
5.    Thai Union Group Public Company Limited
6.    Trident Seafoods Corporation
7.    Nordic Group of Companies
8.    Polar Salmon AS
9.    OBI Seafoods
10.    Salmones Camanchaca S.A.

Scope of the Report: