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Global Canned Salmon Market 2016-2020

  • Published: Sep 2016
  • Pages: 61
  • SKU: IRTNTR10401
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This market research report identifies players like Austevoll Seafood ASA, Bumble Bee Foods, Marine Harvest, and Thai Union Frozen Products Company to be the key vendors in the global canned salmon market. This research report also presents a detailed segmentation of the market by product type (farmed and wild canned salmon), distribution channel (convenience stores, supermarkets and hypermarkets, independent retailers, and others), and by geography (the Americas, APAC, Europe, and MEA).

Overview of the global canned salmon market

Technavio’s market research analyst predicts the global canned salmon market to grow at a moderate CAGR of around 4% between 2016 and 2020. Salmon aquaculture is the fastest-growing food production system in the world. As per the recent market studies, the farmed salmon production has increased by about 133% over the past 15 years. There is growing demand for canned salmon across the world due to the various health benefits associated with the consumption of salmon fish. Salmon is considered as a good source of proteins, minerals, and various fatty acids such as omega-3 and omega-6. The surging demand for salmon products has led to the rapid increase in salmon production. The aquaculture production of Atlantic salmon is increasing significantly and is anticipated to increase at a growth rate of around 10% during the forecast period. The latest development in this market is the practice of land-based salmon aquaculture, which confines the fish to indoor tanks, and eliminates interactions between the farmed fish and the external environment.

APAC is the largest region in the canned salmon market in terms of revenue and is anticipated to occupy more than 41% of the overall market during the forecast period. Factors such as the increase in population, growing requirement for protein-rich diets, high disposable income, and changing lifestyles are fueling the demand for canned salmon products in the region. China, India, Japan, Thailand, Australia, Bangladesh, Singapore, and Malaysia are the key revenue contributing countries in APAC. Moreover, the surging demand for fish and seafood products will also be a major growth factor for the market in this region over the next few years.

Competitive landscape and key vendors

The global canned salmon market is extremely fragmented because of the presence of numerous regional and international vendors who compete in terms of price, quality, innovation, service, reputation, distribution, and promotion. Competition in the market will intensify in the coming years with the rising influx of private labels. Owing to the strong market shares of the existing players and large initial capital investments, the entry of new players is difficult over the next four years.

Leading vendors in the market are -

  • Austevoll Seafood ASA
  • Bumble Bee Foods
  • Marine Harvest
  • Thai Union Frozen Products Company

Other prominent vendors in the canned salmon market include Beijing Princess Seafood International Trading, Dong Won Fisheries, Empresas AquaChile, Labeyrie Fine Foods, Mogster Group, Princes Group, Sajo Industries, and Tassal Group.

Segmentation by product type and analysis of the canned salmon market

  • Farmed canned salmon
  • Wild canned salmon

The farmed canned salmon segment dominated the canned salmon market during 2015 and accounted for more than 56% of the total market share. Much of this segment’s growth can be attributed to the rise in salmon aquaculture, which is the industrial production of salmon in a net cage, pond, or contained system. Farmed salmon are preferred over wild salmon as they contain more omega-3 and omega-6 fatty acids than the latter. However, salmon aquaculture is subject to various challenges such as attack by algae blooms, sea lice, and diseases. Also, it can cause various problems such as water contamination and damage to the aquatic ecosystem.

Segmentation by distribution channel and analysis of the canned salmon market

  • Convenience stores
  • Supermarkets and hypermarkets
  • Independent retailers

Convenience stores were the most popular medium of distribution of canned salmon products during 2015 and occupied around 48% of the overall market revenue. The number of convenience stores across other major countries like the US, the UK, and Japan is on the rise owing to increasing urbanization and changing lifestyles. A major portion of the urban population, being pressed for time, will opt for convenience store formats, resulting in higher growth of this segment in the coming years.

 Key questions answered in the report include

  • What will the market size and the growth rate be in 2020?
  • What are the key factors driving the global canned salmon market?
  • What are the key market trends impacting the growth of the global canned salmon market?
  • What are the challenges to market growth?
  • Who are the key vendors in the global canned salmon market?
  • What are the market opportunities and threats faced by the vendors in the global canned salmon market?
  • Trending factors influencing the market shares of the Americas, APAC, Europe, and MEA.
  • What are the key outcomes of the five forces analysis of the global canned salmon market?

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Table of Contents

PART 01: Executive summary

  • Highlights

PART 02: Scope of the report

  • Market overview
  • Top-vendor offerings

PART 03: Market research methodology

  • Research methodology
  • Economic indicators

PART 04: Introduction

  • Key market highlights

PART 05: Market landscape

  • Market overview
  • Global fish and seafood market
  • Global canned fish market
  • Global canned salmon market
  • Five forces analysis

PART 06: Market segmentation by product type

  • Global farmed canned salmon market
  • Global wild canned salmon market

PART 07: Market segmentation by distribution channel

PART 08: Geographical segmentation

  • Canned salmon market in APAC
  • Canned salmon market in Europe
  • Canned salmon market in Americas
  • Canned salmon market in MEA

PART 09: Key leading countries

  • US
  • Australia
  • Canada
  • UK

PART 10: Market drivers

PART 11: Impact of drivers

PART 12: Market challenges

PART 13: Impact of drivers and challenges

PART 14: Market trends

PART 15: Vendor landscape

  • Competitive scenario
  • Austevoll Seafood ASA
  • Bumble Bee Foods
  • Marine Harvest
  • Thai Union Frozen Products
  • Other prominent vendors

PART 16: Appendix

  • List of abbreviations

PART 17: Explore Technavio

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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