Industry Background:
Food is an integral part of life and thus the behavioral aspects of consumer towards food are changed accordingly. Food is preferred depending upon taste, color, hygiene, and presentation. Canned fish refers to the processed food which is a good source of nutrients, protects from the external condition and provides hygienic canned food. The process of canning helps in preventing food spoilage and preserve food quality. Canned food requires less time of preparation and are considered convenient to use. Hectic and busy lifestyles of consumers, changing lifestyles and consumer preferences for the diet are propelling the market for canned food.This growth is primarily driven by Growing Demand for Canned Food for Adventure Activities
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Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Volume Unit | K Unit |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Meat, Poultry & Fish sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Starkist (United States), Bumble Bee Foods (Canada), Chicken of the Sea International (United States), Crown Prince (United States), Del Monte (United States), Roland Foods Corporation (United States), Wild Planet (United States), Gomes da Costa (United States), Tri Marine International (United States), High Liner Foods (Canada) and Mazzetta Company (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In 2019, SAP SE and Bumble Bee Foods, announced Bumble Bee Foods is using the SAP Cloud Platform Blockchain service to trace the journey of yellowfin tuna from the Indonesian ocean to the dinner table. Together, SAP and Bumble Bee continue to innovate and improve upon seafood traceability as more and more consumers demand to know their food is safe and sustainably sourced. This announcement was made at SXSW, taking place March 8–17 in Austin, Texas.
March 2016-Del Monte, one of the nation’s largest producers, distributors, and marketers of premium quality, branded food products, announced plans for conversion to non-BPA packaging and an increase in the non-GMO product offerings.The canned Fish is highly fragmented with the presence of numerous small and large vendors. Vendors in the market compete on the basis of innovation, price, quality, and service. Product innovation strategies and promotional activities in the form of the social media campaign for canned food have increased the brand popularity among consumer.
Regulatory Insights:
Labelling laws, stringent government regulations, and standards set by regulatory authorities such as the U.S. Department of Agriculture (USDA), and Food & Drug Agency (FDA) will further support powder market growth.
Influencing Trend:
Innovation in Packaging of Canned Food and Technological Advancements in Tuna Fishing With Use of Fish Aggregating Devices
Market Growth Drivers:
Growing Demand for Canned Food for Adventure Activities and Increasing Popularity of Ready to Eat Products
Challenges:
Poor Consumer Perception Towards Canned Food
Restraints:
Stringent Government Rules and Regulations
Opportunities:
Demand for High Protein Foods
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Canned Fish Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Canned Fish Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Canned Fish players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Canned Fish Study Sheds Light on
The Canned Fish Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Canned Fish industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Canned Fish industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.