Canned Salmon Market Size - By Type (Chum, Sockeye, Coho, Pink), By Form (Skinless and boneless, Chunks, Fillets) By Distribution Channel (Specialty stores, Online channels, Hypermarket/Supermarket, Others) & Forecast, 2024-2032

Canned Salmon Market Size

Canned Salmon Market size was valued at USD 4.6 billion in 2023 and is projected to grow at 7% CAGR from 2024 to 2032, driven by health consciousness, convenience, and sustainability. Consumers increasingly prefer wild-caught and sustainably sourced products, aligning with environmental concerns. Demand is rising in North America and Europe, with significant growth in Asia Pacific due to expanding middle-class populations and health awareness. Additionally, e-commerce channels are enhancing market accessibility, contributing to the overall expansion. This blend of health trends, sustainability, and convenience continues to shape the future of the market.
 

Health consciousness and sustainability are key growth drivers for the canned salmon market. Increasing awareness of the nutritional benefits of salmon, rich in omega-3 fatty acids and high-quality protein, is boosting its demand among health-conscious consumers. Additionally, the shift towards sustainable and environmentally friendly food choices is driving preference for wild-caught and certified sustainable canned salmon. Consumers are more informed about overfishing and environmental impacts, prompting them to choose responsibly sourced products. These trends are compelling manufacturers to focus on transparency and sustainability, further propelling market growth.
 

Significant challenges facing the canned salmon market are competition from fresh and frozen alternatives and consumer perception issues. Fresh and frozen salmon are often perceived as higher quality and more versatile, competing directly with canned products. This preference can limit the growth of the canned salmon segment, particularly among consumers prioritizing freshness and flavor. Additionally, overcoming consumer perceptions about the taste, texture, and nutritional value of canned salmon, as well as addressing concerns about additives and preservatives, is crucial. Educating consumers about the benefits and quality standards of canned salmon remains a persistent challenge for market expansion.
 

Canned Salmon Market Trends

The canned salmon industry is evolving with several key trends. There is a growing preference for sustainably sourced products, driven by increasing environmental awareness and certifications like MSC. Health-conscious consumers are favoring canned salmon for its high omega-3 fatty acids, protein content, and convenience. Innovations in packaging and product varieties, such as organic and flavored options, are expanding consumer choices.
 

E-commerce is playing a pivotal role in market growth, offering convenient access to a broader audience. Despite competition from fresh and frozen alternatives, canned salmon continues to appeal due to its longer shelf life and ease of preparation, driving market resilience and adaptation.
 

Canned Salmon Market Analysis

The chum segment will capture USD 5.2 billion and demonstrate a 7.2% CAGR through 2032, due to its affordability and availability. Chum salmon, also known as dog salmon, is widely caught in Alaska and other Pacific regions, making it a cost-effective choice for canned products. Its light pink flesh and mild flavor appeal to consumers looking for budget-friendly seafood options.
 

While it may not command the premium prices of other salmon species, the chum segment benefits from its consistent supply and suitability for various canned salmon products, contributing robustly to the market's diverse offerings and meeting demand for economical seafood choices.
 

The skinless and boneless segment will expand to USD 4.1 billion and garner an 6.7% CAGR from 2024 to 2032. The skinless and boneless segment in the canned salmon market is experiencing growth due to consumer demand for convenient and easy-to-use products. This segment appeals to consumers seeking hassle-free preparation and consumption, eliminating the need for additional processing at home.
 

Skinless and boneless canned salmon offers versatility in various culinary applications, including salads, sandwiches, and pasta dishes, enhancing its appeal across diverse consumer demographics. Manufacturers are increasingly focusing on this segment by offering premium quality products with consistent texture and flavor, catering to health-conscious and time-constrained consumers seeking nutritious and convenient meal options.
 

The canned salmon market from specialty stores segment will expand to USD 2.7 billion and garner an 6.9% CAGR from 2024 to 2032. Specialty stores play a significant role in the distribution of canned salmon, offering consumers access to a wide range of premium and specialty products. These stores often prioritize quality and sustainability, stocking products that meet specific consumer preferences such as wild-caught, organic, or MSC-certified canned salmon.
 

Specialty stores enhance consumer awareness through knowledgeable staff and curated product selections, educating shoppers on the nutritional benefits and culinary versatility of canned salmon. They also serve niche markets seeking unique flavors or regional varieties not commonly found in mainstream retail outlets. This targeted approach fosters loyalty among health-conscious and environmentally aware consumers seeking high-quality seafood options.
 

North America canned salmon market will record 6.9% CAGR during 2024 to 2032, driven by consumer preferences for convenient, shelf-stable seafood options with health benefits. Salmon's high omega-3 content and protein appeal to health-conscious consumers seeking nutritious diet choices. The market benefits from established distribution networks and retail channels, including supermarkets, specialty stores, and online platforms, which enhance accessibility and consumer choice. Sustainability certifications, such as MSC, are increasingly influencing purchasing decisions, reflecting growing environmental awareness. Advancements in packaging and product varieties cater to diverse tastes and preferences, sustaining market growth despite competition from fresh and frozen alternatives.
 

Canned Salmon Market Share

Companies, including Bumble Bee Seafoods L.L.C, Thai Union Group Public Company Limited, Princes Group Limited, are increasing their market foothold by investing heavily in R&D. Bumble Bee Seafoods L.L.C, Thai Union Group Public Company Limited, and Princes Group Limited employ several strategies to enhance their positions in the canned salmon industry.
 

These include sourcing sustainably caught salmon to appeal to environmentally conscious consumers, investing in quality assurance and certification to ensure product integrity, and innovating with new flavors and packaging formats to cater to changing consumer preferences. They also focus on expanding distribution networks globally, leveraging e-commerce platforms for broader market reach. Marketing efforts emphasize product benefits such as high omega-3 content and convenience, aiming to maintain brand loyalty and competitive advantage in a dynamic market landscape.
 

Canned Salmon Market Companies

Top companies operating in the canned salmon industry include:

• Bumble Bee Seafoods L.L.C
• Thai Union Group Public Company Limited
• Princes Group Limited
• Maruha Nichiro Corporation
• Sajo Industries
• Tassal Group Limited
• Mogster Group
• Beijing Princess Seafood International Trading
• Marine Harvest
• Dong Won Fisheries
• Thai Frozen Products Company
• Labeyrie Fine Foods
• Austevoll Seafood ASA
   

Canned Salmon Industry News

• In September 2021, John West Foods Ltd., a Thai Union Group subsidiary, launched a Salmon Fridge Pot in an attempt to entice younger customers and make the canned salmon category more attractive to consumers.
   

The canned salmon market research report includes in-depth coverage of the industry, with estimates and forecasts in terms of revenue and volume (USD Billion) (Tons) from 2021 to 2032, for the following segments:

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Market, By Type

• Chum
• Sockeye
• Coho
• Pink 

Market, By Form

• Skinless and boneless
• Chunks
• Fillets

Market, By Distribution Channel

• Specialty stores
• Online channels
• Hypermarket/Supermarket
• Others

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America
• MEA
  • Saudi Arabia
  • UAE
  • South Africa
  • Rest of MEA