Europe Canned Seafood Market Size, Share, Growth Analysis Research Report 2024

Posted by Shiva on November 20th, 2019

Europe Canned Seafood Market Size Growth Rate Analysis:

Europe Canned Seafood Market Size is anticipated to grow at 4.44% CAGR from 2019 to 2024 and it is estimated that the Europe market was valued at USD 4.95 billion in 2019 and is expected to reach USD 6.14 billion by 2024. Canned seafood is processed into seafood, sealed in an airtight container, such as a sealed container, and subjected to heat. Canning is a food preservation method and provides a standard shelf life ranging from one to five years.

Europe Canned Seafood Market Regional Presence:

The growing popularity of ready-to-eat seafood is due to improved distribution infrastructure to stimulate industry growth. In addition, factors such as changes in lifestyle and increased accessibility are likely to stimulate industry growth in the coming years. Demand for products is growing due to increased consumption of products due to health benefits, coupled with the adoption of sustainable fish farming techniques adopted by manufacturers. Also, it is expected that the advantages offered by this product, including extended shelf life and ease of cooking, will stimulate growth.

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Europe Canned Seafood Market Growth Drivers and Restraints:

The price of the product is primarily influenced by the unpredictability of the level of fish production. The low-income levels of the population in developing economies cannot afford the product that may hinder the growth of the industry. Also, the seasonal availability of products is expected to hinder development. However, lowering the price of products such as canned tuna is expected to lead to an increase. The industry is mainly affected by climatic conditions, shellfish pollution, which is expected to restrict the market growth. However, recent recommendations from countries such as increased consumption of canned seafood will probably boost the market growth in the coming years.

Growth in consumption of such products in restaurants, hotels, industries in France is likely to drive growth in Europe. The strong purchasing power of consumers in this region is likely to propel the product demand over the coming years. The increased quality of seafood offered by distributors coupled with new eco-friendly packaging technologies is expected to accelerate the market growth over the forecast period.

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Detailed Segmentation of the Europe Market:

Europe Canned Seafood Industry - By Product Type:

  • Tuna
  • Salmon
  • Sardines
  • Prawns
  • Shrimps
  • Other Seafood

Leading key players mentioned in market report are:

  1. Bumble Bee Seafoods
  2. StarKist Co
  3. Nippon Suisan Kaisha Ltd
  4. Maruha Nichiro Corporation
  5. Icicle Seafoods Inc., LDH (La Doria) Ltd
  6. Thai Union Frozen Products
  7. American Tuna, Inc
  8. Universal Canning, Inc
  9. Trident Seafoods Corporation
  10. Connors Bros. Ltd

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Joined: June 11th, 2019
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