Canned Salmon Market

Canned Salmon System Market Outlook (2024 to 2034)

Revenue from the global canned salmon market is estimated at US$ 3.46 billion in 2024 and has been forecasted to increase at a CAGR of 7.1% to reach US$ 6.89 billion by the end of 2034.

Canned or tinned fish is seafood that is processed and heat-treated before being preserved in an airtight container such as a sealed can or tin. Suitable vitamins, such as vitamin B12, are utilized during canning, which aids in the growth of its nutritional value. Canned seafood options include salmon, shrimp, sardines, prawns, tuna, and others.

Salmon is among the healthiest fish options available. It contains omega-3 fatty acids, protein, and several vitamins and minerals. Salmon is canned raw after the bones, skin, and fins have been removed. Salmon in canned form is high in protein, vitamin D, and omega-3 fats. Moreover, canned salmon with bones contains a lot of calcium. Salmon is also a part of the meat and beans group; meals from this group provide crucial components such as protein and iron, such health intake is contributing to canned salmon market growth.

• For suppliers, the Mexico market is becoming increasingly popular as its market share has grown from 11% in 2019 to 14.2% in 2024. This growth is notable even against larger market holders like the United States and Canada, attracting various suppliers from other countries.
• In East Asia, Japan and South Korea hold similar market shares. However, a Fact.MR report indicates that the market in Japan is projected to grow at a steadier rate compared to South Korea.
• Canned salmon comes in various forms, including skinless & boneless, chunks, and fillets. Among these, most consumers prefer chunks, prompting suppliers to increase the supply of this form over others such as fillets.

Report Attribute	Detail
Canned Salmon Market Size (2024E)	US$ 3.46 Billion
Forecasted Market Value (2034F)	US$ 6.89 Billion
Global Market Growth Rate (2024 to 2034)	7.1% CAGR
United States Market Growth Rate (2024 to 2034)	7.5% CAGR
Japan Market Growth Rate (2024 to 2034)	8.3% CAGR
North America Market Share (2024E)	23.2%
East Asia Market Growth Rate (2024 to 2034)	7.3% CAGR
Key Companies Profiled	Suzanne’s Specialties; Nature’s One, Inc.; Wuhu Deli Foods Co. Ltd.; Axiom Foods; California Natural Products (CNP); ABF Ingredients; Cargill Incorporated; ADM; Wuhu Haoyikuai Food Co. Ltd.; Gulshan Polyols Ltd.; Malt Products Corporation; Habib Rice Products Ltd.; Lundberg.

Why is Revenue of Canned Salmon Manufacturers Growing at a Significant Pace?

“Rising Awareness of Health Benefits Associated with Canned Salmon”

Canned salmon is exhibiting rising demand as a result of the increased consumption of fish, which has several health benefits. Canned salmon is a great source of essential nutrients such as protein, which is required for good health.

• The Seafood Nutrition Partnership recommends consuming at least 8 ounces of seafood daily to acquire at least 250 mg of omega-3 fatty acids. Pregnant women are also encouraged to consume at least 8 ounces of seafood every week for better newborn health.

Moreover, salmon consumption is expanding at an extraordinary speed around the world.

• According to the World Wildlife Fund, global salmon consumption is now three times more than it was in 1990.

Athletes prefer canned salmon products due to their high vitamin B-12, protein, iron, and omega-3 fatty acid content. It helps reduce blood clotting, lipids, and blood pressure, lowering the risk of heart disease. It also helps to reduce the muscular soreness caused by vigorous exertion. It contains vitamin D, which supports the immune system and keeps the membrane healthy. Furthermore, canned salmon is high in nutrients that aid in preserving muscle and bone strength.

“Diverse Flavor Preferences and Milder Taste of Salmon Compared to Other Fish Forms”

Canned salmon is popular among consumers due to its versatility. Consumers in various places have varying flavor preferences for the type and form of canned salmon. Salmon in cans has a particular taste that is less fishy than other varieties of fish. It comes in several flavors and preparation types, including sautéed, smoked, grilled, poached, and steamed.

Changing customer preferences and desires for a range of forms of canned salmon have led to unique product offers from manufacturers in a plethora of flavors.

• For example, Tassal Group, an Australia-based canned salmon manufacturer, provides a variety of roasted salmon products, including tart lemon with cracked pepper, Asian-style sweet chile, and natural spring water.

Besides utilizing canned salmon in burgers, hotels and restaurants are experimenting with new ways to use it in a variety of meals such as salmon pork, salmon mousse, salmon salad sandwiches, salmon rolls, salmon hash, salmon omelets, and salmon gratin.

“Growing Consumption of Convenience Food across Regions”

Convenience, coupled with increasing disposable income and a spike in the number of working people, is propelling canned seafood consumption.

As a consequence of changing lifestyles and increased food and beverage spending, consumers' dietary shifts are defined by growing demands for animal-sourced food, fats and oils, refined grains, and fruits and vegetables.

People with busy schedules, people who lack cooking skills, and shifts in consumer demography are important aspects contributing to the increase in demand for convenience food products, thus increasing the global canned salmon market size.

What is Something That Needs to Change in the Market for Canned Salmon?

“High-Cost Seafood Products Hindering Accessibility of Canned Salmon in Developing Countries”

People in lower-income segments of underdeveloped and developing countries are often unable to purchase goods and seafood products due to rising prices. Additionally, these individuals rarely consume sufficient food regularly, making it difficult to include nutrient-dense meals like tuna and salmon in their diets. These factors are projected to limit the sales of the global canned salmon industry.

Country-wise Evaluation

As people around the world become more familiar with each other's cultures, the demand for canned salmon is expected to spread globally, leading to steady growth in countries such as the United States, Canada, China, Mexico, and South Korea. In North America, the United States holds a substantial canned salmon market share.

What are the Key Drivers Pushing the United States Market Forward?

“Seafood Industry Generating Profitable Opportunities”

Attribute	United States
Market Value (2024E)	US$ 539.4 Million
Growth Rate (2024 to 2034)	7.5% CAGR
Projected Value (2034F)	US$ 1.11 Billion

Increased consumption of canned salmon due to its health advantages, as well as other considerations such as convenience, storage, and prolonged shelf life, is expected to boost sales in the United States.

Working in a cannery does not necessitate any previous training or skill, which opens up a wide range of career prospects for workers and has led to the employment of a large number of people all over the world.

• Alaska's seafood industry is the third largest employment creator, directly employing approximately 60,000 people, including over 25,000 Alaska residents.

Why are Companies Looking to Japan for Future Prospects?

“Rising Demand for Protein-based Products”

Attribute	Japan
Market Value (2024E)	US$ 136.9 Million
Growth Rate (2024 to 2034)	8.3% CAGR
Projected Value (2034F)	US$ 302.9 Million

The people of Japan are known for their healthy lifestyle and longevity, often living more than 100 years. This prolonged life is attributed to their eating habits, which include healthy dietary choices such as canned salmon.

Rising demand for protein-based products from health-conscious consumers is projected to boost the canned salmon market in Japan. In addition to pink salmon, the demand for Japanese sockeye salmon is expanding due to increased consumer spending on nutritious food products with high nutrient content.

Category-wise Examination

The market is divided into various segments that are thoroughly researched and analyzed by Fact.MR researchers. A few of the important ones include steamed fish, smoked fish, and traditional chunks.

Which Form of Canned Salmon is Widely Preferred by Consumers Worldwide?

“Preference for Chunks Due to Ease of Use and Minimal Preparation Time”

Attribute	Chunks
Segment Value (2024E)	US$ 1.84 Billion
Growth Rate (2024 to 2034)	7.6% CAGR
Projected Value (2034F)	US$ 3.83 Billion

Consumers across the globe have shown a clear preference for the chunk form of canned salmon. The convenient nature of salmon chunks, along with their versatility in various recipes and dishes, has made them a popular choice among those seeking nutritious and flavorful meal options. The chunk form of canned salmon is widely embraced for its ease of use and ability to retain the natural texture and succulence of the fish, consistently making it the favored choice in the canned salmon market worldwide.

Which Category of Canned Salmon Has Become Popular Among Consumers?

“Smoked Fish/Steamed Largely Consumed by Large Amount of People”

Attribute	Smoked Fish/Steamed
Segment Value (2024E)	US$ 1.53 Billion
Growth Rate (2024 to 2034)	7.7% CAGR
Projected Value (2034F)	US$ 3.23 Billion

Salmon chunks offer a distinct, rich flavor profile and a tender, moist texture, making it an appealing choice for those seeking gourmet seafood experiences in a convenient, shelf-stable form. The growing consumption of smoked and steamed canned salmon signifies a notable shift towards elevated dining experiences and a greater appreciation for the culinary diversity that canned seafood can offer to consumers globally. This is an increasingly prominent canned salmon market trend.

Competition Scenario

Key players in the canned salmon market are focusing on new product lines including, smoked fish and fish meal to expand their customer base.

• In January 2024, King Oscar launched three tinned salmon products in virgin oil.
• In October 2023, industry player Tempo Group purchased Nourish Foods. The latter company had entered administration a month earlier due to a lack of working capital.
• Bumble Bee Seafoods announced the improvements in its Bumble Bee Prime product line. The evolved prime product line features both canned tuna and salmon products along with a new on-the-go snack kit format.
• In April 2021, BlueNalu signed Memorandums of Understanding (MOU) with Thai Union, and Mitsubishi Corporation, a leading seafood provider in Asia. The agreement aimed at assessing market development strategies for BlueNalu’s cell-cultured seafood specifically in Asia.
• Thai Union Group launched plant-based products in the Asia Pacific region in 2021, including both seafood and non-seafood.
• John West Foods Ltd., a Thai Union Group subsidiary, launched a Salmon Fridge Pot in 2021 in an attempt to entice younger customers and make the canned salmon category more attractive to consumers.

Fact.MR provides detailed information about the price points of key canned salmon manufacturers positioned across the world, sales growth, production capacity, and speculative technological expansion, in this updated market report.

Key Segments of Canned Salmon Market Research

• By Source :

  • Wild
  • Farmed

• By Species :

  • Atlantic
  • Pacific
    • Pink
    • Sockeye
    • Coho
    • Chum
    • Chinook

• By Form :

  • Skinless & Boneless
  • Chunks
  • Fillets

• By Category :

  • Smoked Fish - In Oil/ Deep Fried
  • Smoked Fish- Steamed
  • Conventional/ Traditional

• By Sales Channel :

  • Direct Sales
  • Indirect Sales
    • Modern Trade
    • Convenience Stores
    • Specialty Food Stores
    • Wholesale Stores
    • Discount Stores
    • Online Retail
    • Other Retail Formats

• By Region :

  • North America
  • Latin America
  • Eastern Europe
  • Western Europe
  • East Asia
  • South Asia & Pacific
  • Middle East & Africa