Canned Salmon Demand to Propel Market from to $6.89 Billion by 2034: Fact.MR Study

Rockville, Feb. 17, 2025 (GLOBE NEWSWIRE) — According to an updated research report by Fact.MR, the global canned salmon market is projected to reach a size of US$ 3.46 billion in 2024 and further expand at a CAGR of 7.1% from 2024 to 2034.

Since canned salmon is so convenient and has many health advantages, its demand is rising worldwide. This adaptable seafood choice is becoming more and more well-liked in a variety of markets, from developing countries looking for inexpensive, wholesome protein sources to health-conscious customers in developed countries.

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Recent emphasis on the heart and brain health benefits of omega-3 fatty acids has brought canned salmon to light as a readily available superfood. Busy homes and those planning for crises find its lengthy shelf life and ready-to-eat character appealing. The popularity of canned salmon is growing due to sustainability concerns, as many manufacturers now provide alternatives that are sourced sustainably. This is consistent with consumers’ increasing desire for ecologically responsible food options.

As Western-style diets continue to gain popularity, canned salmon is finding new markets in Asia, where fish intake is historically strong. In the meanwhile, it is becoming a mainstay of diets focused on health in North America and Europe. Salmon in a can is projected to become even more popular as lean proteins and omega-3s continue to be highlighted in global health trends, solidifying salmon’s position on pantry shelves everywhere.

Key Takeaways from Market Study

• The global canned salmon market is forecasted to reach a revenue of US$ 6.89 billion by 2034-end.
• North America is estimated to hold a market share of 23.2% in 2024.
• The market in East Asia is set to reach US$ 857 million in 2024 and account for a global market share of 24.8% in 2024.
• The South Korea market is forecasted to expand at a CAGR of 6.7% from 2024 to 2034.
• Among all the forms of canned salmon, chunks are expected to hold a market share of 55.6% by 2034.

“Manufacturers are responding to diverse consumer preferences with new flavors and product forms, such as roasted and smoked salmon, enhancing market appeal. The trend towards healthier dietary choices is supporting the rise in canned salmon consumption,” reports Fact.MR analyst.

Easy-Open Cans and Single-Serve Sizes Addressing Needs of Older Individuals

Canned salmon is a common pantry item that is becoming more and more of a gourmet element as manufacturers create intriguing new tastes and textures.
Convenient yet elegant dinner alternatives are sought after by younger customers and food connoisseurs who choose flavor-infused variations including lemon dill, smokey BBQ, and spicy sriracha.

Brands are providing low-sodium and omega-3 fortified versions for those who are health-conscious. Flaked salmon makes spreading easier, while chunky salmon works well in heartier meals. Some manufacturers are even experimenting with goods that resemble salmon jerky in an attempt to appeal to snack-loving consumers.

Salmon is being introduced to younger palates with the assistance of kid-friendly choices that have softer tastes and colorful packaging. Easy-open cans and single-serve sizes meet the demands of older individuals regarding portion management and convenience. These developments are stimulating inventive culinary uses in addition to growing the customer base.

Canned salmon is becoming more and more popular worldwide, fueling demand across all age groups, and finding its way into everything from fancy bowls of salmon to fast and wholesome snacks.

Key Market Players Driving the Canned Salmon Market

The Key players driving Canned Salmon Market include 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.

Industry News in the Canned Salmon Market

In January 2024, King Oscar introduced three new tinned salmon products in virgin oil, expanding its seafood offerings.

In October 2023, Tempo Group acquired Nourish Foods, which had entered administration the previous month due to financial constraints and a lack of working capital.

Bumble Bee Seafoods announced enhancements to its Bumble Bee Prime product line, which now includes both canned tuna and salmon products, along with a new on-the-go snack kit format designed for convenience.

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More Valuable Insights on Offer

Fact.MR, in its new offering, presents an unbiased analysis of the canned salmon market for 2019 to 2023 and forecast statistics for 2024 to 2034.

The study divulges essential insights into the market based on source (wild, farmed), species (Atlantic, Pacific), form (skinless & boneless, chunks, fillets), category (smoked fish- in oil/deep fried, smoked fish- steamed, conventional/traditional), and sales channel (direct sales, indirect sales), across seven major regions of the world (North America, Western Europe, Eastern Europe, East Asia, Latin America, South Asia & Pacific, and MEA).

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