North America Canned Seafood Market Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)

North America Canned Seafood Market is segmented by Type (Canned Fish, Canned Shrimp, Canned Prawns, and Other Canned Seafood), Distribution Channel (Supermarkets/ Hypermarkets, Convenience Stores, Online Retail Stores, and Other Distribution Channels), and Geography

Home Market Analysis Food & Beverage Research Food Research Processed Food Research Seafood Research Canned Seafood Research Canned Seafood Market

North America Canned Seafood Market Size

North America Canned Seafood Market Summary
Study Period 2018 - 2028
Base Year For Estimation 2021
Forecast Data Period 2024 - 2028
Historical Data Period 2018 - 2020
CAGR 2.25 %
Market Concentration Medium

Major Players

North America Canned Seafood Market Major Players

*Disclaimer: Major Players sorted in no particular order
setting-icon

Need a report that reflects how COVID-19 has impacted this market and its growth?

North America Canned Seafood Market Analysis

North America Canned Seafood Market is estimated to witness a CAGR of 2.25% during the forecast period (2020 - 2025).

  • North America is one of the leading consumers of canned seafood in the world. Though rising sustainability and health concerns have led to a decline in the amount of canned seafood consumed over the years this trend is yet to impact the growth in terms of market value, which can mainly be attributed to rising prices. The market is expected to keep growing at a modest rate over the forecast period.
  • Though Bumble Bee Foods, LLC one of the leading companies in the region had filed bankruptcy in late 2019 it does not indicate an unfavorable marketplace as at that time the company was facing criminal fines and civil lawsuits to a federal price-fixing case. In fact, the dramatic increase in the presence of branded private label products owned by major retailers in the regions such as Walmart and Costco & various small players, in the market reflects the growing potential of canned seafood in the region.

North America Canned Seafood Market Trends

This section covers the major market trends shaping the North America Canned Seafood Market according to our research experts:

Increasing Demand For Sustainable Products

The demand for sustainably produced products has been growing year-on-year especially among the younger demographics in the region. In response to this demand, a significant number of retailers and key players in the market are now committed to sourcing high-quality sustainable products from certified fisheries engaged in Fishery Improvement Projects. With the increased availability of such products in the marketplace, it is anticipated that well-informed consumers will make repeat purchases despite slightly higher prices. This trend is expected to maintain the growth of the market over the forecast period.

Canned seafood market, Y-o-Y Growth (%), North America, 2016 - 2019

United States to Hold A Significant Market Share

The United States is the largest consumer of canned seafood in the region, and one of the largest market in the world. Although canned tuna accounts for a significant share of the market, the demand for canned shellfish and canned salmon has been on the rise in recent years. Despite the decline in the amount of canned tuna consumed over the years, rising prices are expected to maintain growth in the market over the forecast period. Canned seafood has been observed to be consumed several times a month in US households, especially in large households. Lunchtime has been observed to be the most preferred time of the day to consume canned seafood, and sandwiches and salads account for the most popular means to consume it, especially during the summer.

North America Canned Seafood Market: Market Share (%), by Country, United States, 2016 - 2019

North America Canned Seafood Industry Overview

North America Canned Seafood market is consolidated, with few large players accounting for a significant share of the market. Key players are also focusing on sustainable production of seafood products to entice more consumers. Some of the major players in the market are FCF Co, Ltd. (Bumble Bee), Dongwon Enterprise Co., Ltd., Thai Union Group, Blue Harbor Fish Co., Crown Prince, Inc., Goya Foods, Inc., The Jim Pattison Group, GraceKennedy Limited, GRUPO PINSA, Grupo Marítimo Industrial SA de CV (Grupomar), among others.

North America Canned Seafood Market Leaders

  1. Dongwon Enterprise Co., Ltd.

  2. FCF Co, Ltd.

  3. Thai Union Group

  4. Blue Harbor Fish Co.

  5. Crown Prince, Inc.

  6. Goya Foods, Inc.

  7. The Jim Pattison Group

  8. GraceKennedy Limited

  9. GRUPO PINSA

  10. Grupo Marítimo Industrial SA de CV (Grupomar)

*Disclaimer: Major Players sorted in no particular order

North America Canned Seafood Market Concentration
Need More Details on Market Players and Competitors?
Download PDF

North America Canned Seafood Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions & Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

    1. 3.1 Market Overview

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porter's Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Type

      1. 5.1.1 Canned Fish

        1. 5.1.1.1 Tuna

        2. 5.1.1.2 Salmon

        3. 5.1.1.3 Other Canned Fish

      2. 5.1.2 Canned Prawns

      3. 5.1.3 Canned Shrimp

      4. 5.1.4 Other Canned Seafood

    2. 5.2 By Distribution Channel

      1. 5.2.1 Supermarkets/ Hypermarkets

      2. 5.2.2 Convenience Stores

      3. 5.2.3 Online Retail Stores

      4. 5.2.4 Other Distribution Channels

    3. 5.3 Geography

      1. 5.3.1 United States

      2. 5.3.2 Canada

      3. 5.3.3 Mexico

      4. 5.3.4 Rest of North America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Adopted Strategies

    2. 6.2 Market Share Analysis

    3. 6.3 Company Profiles

      1. 6.3.1 FCF Co, Ltd. (Bumble Bee)

      2. 6.3.2 Dongwon Enterprise Co., Ltd. (StarKist)

      3. 6.3.3 Thai Union Group

      4. 6.3.4 Blue Harbor Fish Co.

      5. 6.3.5 Crown Prince, Inc.

      6. 6.3.6 Goya Foods, Inc.

      7. 6.3.7 The Jim Pattison Group

      8. 6.3.8 GraceKennedy Limited

      9. 6.3.9 GRUPO PINSA

      10. 6.3.10 Grupo Maritimo Industrial SA de CV (Grupomar)

    4. *List Not Exhaustive

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  8. 8. IMPACT OF COVID-19 ON THE MARKET

**Subject to Availability
You Can Purchase Parts Of This Report. Check Out Prices For Specific Sections
Get Price Break-up Now

North America Canned Seafood Industry Segmentation

North America canned seafood market is segmented by type into canned fish, canned prawns, canned shrimp, and other canned seafood. Canned fish is further segmented into tuna, salmon, and other canned fish. By distribution channel the scope includes supermarkets/ hypermarkets, convenience stores, online retail stores, and other distribution channels. By geography the scope includes United States, Canada, Mexico, and Rest of North America.

By Type
Canned Fish
Tuna
Salmon
Other Canned Fish
Canned Prawns
Canned Shrimp
Other Canned Seafood
By Distribution Channel
Supermarkets/ Hypermarkets
Convenience Stores
Online Retail Stores
Other Distribution Channels
Geography
United States
Canada
Mexico
Rest of North America
Need A Different Region Or Segment?
Customize Now

North America Canned Seafood Market Research FAQs

The Canned Seafood Market is projected to register a CAGR of 2.25% during the forecast period (2023-2028).

Dongwon Enterprise Co., Ltd., FCF Co, Ltd., Thai Union Group, Blue Harbor Fish Co., Crown Prince, Inc., Goya Foods, Inc., The Jim Pattison Group, GraceKennedy Limited, GRUPO PINSA and Grupo Marítimo Industrial SA de CV (Grupomar) are the major companies operating in the Canned Seafood Market.

Canned Seafood Industry Report

Statistics for the 2023 Canned Seafood market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Canned Seafood analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.

Canned Seafood Report Snapshots

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please enter a valid email id!

Please enter a valid message!