Canada Canned Seafood Market Size & Outlook, 2023-2030
Canada canned seafood market, 2018-2030 (US$M)
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Canada canned seafood market highlights
- The Canada canned seafood market generated a revenue of USD 550.0 million in 2023 and is expected to reach USD 784.8 million by 2030.
- The Canada market is expected to grow at a CAGR of 5.2% from 2024 to 2030.
- In terms of segment, fish was the largest revenue generating product in 2023.
- Fish is the most lucrative product segment registering the fastest growth during the forecast period.
Canned seafood market data book summary
| Market revenue in 2023 | USD 550.0 million |
| Market revenue in 2030 | USD 784.8 million |
| Growth rate | 5.2% (CAGR from 2023 to 2030) |
| Largest segment | Fish |
| Fastest growing segment | Fish |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Fish, ShellFish |
Other key industry trends
- In terms of revenue, Canada accounted for 1.0% of the global canned seafood market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. canned seafood market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 246.1 million by 2030.
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Canned Seafood Market Scope
Canned Seafood Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada canned seafood market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to canned seafood market will help companies and investors design strategic landscapes.
Fish was the largest segment with a revenue share of 74.22% in 2023. Horizon Databook has segmented the Canada canned seafood market based on fish, shellfish covering the revenue growth of each sub-segment from 2018 to 2030.
The Canadian canned seafood market is experiencing growth driven by several key factors, including a rising demand for convenient and ready-to-eat food options, particularly during the COVID-19 pandemic, which heightened consumer interest in long-shelf-life products.
The popularity of canned tuna and salmon is particularly notable, as these items align with health-conscious trends due to their rich omega-3 fatty acid content. Additionally, innovations in product offerings and a focus on sustainability, exemplified by brands like Scout, which sources seafood from local, sustainable fisheries, are enhancing market appeal.
The increasing availability of canned seafood through various retail channels, including e-commerce, further supports its growth in Canada. In March 2023, Scout, a Canadian seafood brand, expanded its presence by launching its products in select Whole Foods Market stores across North America.
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Target buyers of Canada canned seafood market databook
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Our clientele includes a mix of canned seafood market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Canada canned seafood market , including forecasts for subscribers. This country databook contains high-level insights into Canada canned seafood market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada canned seafood market size, by product, 2018-2030 (US$M)
Canada Canned Seafood Market Outlook Share, 2023 & 2030 (US$M)
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