Canned Seafood

Canned Seafood

Global Canned Seafood Market to Reach US$55.9 Billion by 2030

The global market for Canned Seafood estimated at US$39.6 Billion in the year 2023, is expected to reach US$55.9 Billion by 2030, growing at a CAGR of 5.1% over the analysis period 2023-2030. Tuna, one of the segments analyzed in the report, is expected to record a 4.7% CAGR and reach US$17.5 Billion by the end of the analysis period. Growth in the Sardines segment is estimated at 5.7% CAGR over the analysis period.

The U.S. Market is Estimated at US$10.4 Billion While China is Forecast to Grow at 7.6% CAGR

The Canned Seafood market in the U.S. is estimated at US$10.4 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$12.2 Billion by the year 2030 trailing a CAGR of 7.6% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 3.1% and 3.9% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.8% CAGR.

Global Canned Legumes Market – Key Trends & Drivers Summarized

Why Are Canned Legumes Gaining Popularity Among Health-Conscious Consumers?

Canned legumes are becoming an essential part of modern diets, appealing to health-conscious consumers who value both nutrition and convenience. Legumes, including beans, lentils, chickpeas, and peas, are renowned for their high protein, fiber, and essential nutrient content. They are naturally low in fat and free of cholesterol, making them an ideal food choice for those looking to maintain heart health, manage weight, and regulate blood sugar levels. With the global rise of plant-based diets, canned legumes provide a convenient way for people to incorporate these nutrient-dense foods into their meals without the long cooking times required for dried legumes.

In addition to their impressive nutritional profile, canned legumes have gained popularity due to their versatility and long shelf life. They can be easily incorporated into a variety of dishes, such as salads, soups, stews, and side dishes, offering a quick and easy solution for busy consumers who want nutritious meals without spending hours in the kitchen. As awareness of the health benefits of legumes increases, more consumers are turning to canned versions to meet their dietary needs, especially as they offer an affordable source of plant-based protein that fits into modern, fast-paced lifestyles.

How Are Sustainability Trends Driving the Demand for Canned Legumes?

Sustainability has become a major driver of the canned legumes market, as consumers increasingly seek environmentally friendly food choices. Legumes are one of the most sustainable crops, requiring less water, fertilizers, and pesticides compared to animal-based protein sources. Additionally, legumes naturally enrich the soil by fixing nitrogen, reducing the need for synthetic fertilizers. This has made legumes a preferred choice for consumers who are concerned about their environmental footprint and are looking to reduce their consumption of animal products.

Canned legumes, with their long shelf life and minimal packaging waste, align well with this growing interest in sustainable food systems. Many companies are responding to this demand by offering organic, non-GMO, and sustainably sourced canned legumes. Furthermore, the use of recyclable packaging and BPA-free cans is becoming more common as brands prioritize eco-friendly packaging solutions. As sustainability continues to influence consumer choices, the demand for canned legumes is expected to rise, especially among younger, environmentally conscious consumers who prioritize the ecological impact of their food.

What Role Does Convenience Play in the Rising Popularity of Canned Legumes?

The convenience of canned legumes is one of the key factors driving their growing popularity. For consumers with busy lifestyles, canned legumes provide a ready-to-eat solution that eliminates the need for soaking and lengthy cooking times associated with dried beans and lentils. With canned legumes, consumers can simply open the can and add them directly to their dishes, making meal preparation quicker and more efficient. This convenience has made canned legumes a staple in households where time-saving solutions are prioritized, particularly for working professionals, students, and families.

Moreover, the affordability of canned legumes compared to other protein sources makes them an attractive option for budget-conscious shoppers. With rising food prices, legumes offer a cost-effective way to incorporate protein and essential nutrients into daily meals. Additionally, canned legumes come in a variety of options, from low-sodium to organic, catering to a wide range of dietary preferences and needs. Their versatility also adds to their appeal, as they can be used in a multitude of cuisines, from Mediterranean salads to Latin American stews, making them a convenient and adaptable ingredient in global kitchens.

Growth in the Canned Legumes Market Is Driven by Several Factors

Growth in the canned legumes market is driven by several factors, including the increasing adoption of plant-based diets, the rising awareness of the health benefits of legumes, and the demand for convenient, sustainable food products. As more consumers move toward vegetarian, vegan, and flexitarian diets, legumes have become a key component of their meals, providing a valuable source of plant-based protein and fiber. The growing popularity of clean-label, non-GMO, and organic products has also fueled the demand for canned legumes, as consumers seek out healthier, more transparent food options. In addition, the demand for eco-friendly and sustainable food sources is a significant driver of market growth. Legumes` low environmental impact makes them an appealing choice for environmentally conscious consumers, and canned legumes offer a practical solution with minimal packaging waste and long shelf life. The convenience factor cannot be overstated, as the ready-to-eat nature of canned legumes fits seamlessly into the busy lives of modern consumers who are looking for quick, nutritious meal options. With innovations in packaging and product offerings, including low-sodium and organic varieties, the canned legumes market is expected to continue its robust growth trajectory, driven by changing dietary trends and a focus on sustainability.

Select Competitors (Total 52 Featured) -

• American Tuna, Inc.
• Aquachile
• Brunswick Seafood
• Bumble Bee Seafoods
• Connors Bros. Ltd. (Brunswick Seafoods)
• Icicle Seafoods Inc.
• LDH (La Doria) Ltd.
• Marine Harvest
• Maruha Nichiro Corporation
• Mogster Group
• Nippon Suisan Kaisha, Ltd.
• StarKist Co.
• Thai Union Frozen Products
• Tri Marine Group
• Trident Seafoods Corporation
• Universal Canning, Inc.
• Wild Planet Foods

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