Global canned seafood market projected to reach US$49B by 2032 as demand remains strong

WORLD – The canned seafood market is projected to grow steadily over the next several years, with estimates placing its value at nearly US$49.07 billion by 2032.

This marks a rise from US$34.32 billion in 2024, with the market expected to expand at a compound annual growth rate of 4.57% starting in 2025, according to a new report by Stellar Market Research.

The growth outlook is linked to shifting consumer preferences, as more people seek food options that are quick to prepare, nutritionally dense, and easy to store.

Health-conscious shoppers are increasingly opting for canned seafood due to its high protein content, long shelf life, and perceived freshness compared to other preserved products.

This shift is also driven by improvements in aquaculture and developments in packaging and distribution that support extended preservation without the use of artificial additives.

Sustainability and Convenience Drive Consumer Choices

Increased interest in sustainably harvested seafood has played a role, as governments and companies invest in ethical sourcing practices to meet growing environmental expectations.

Popular canned seafood varieties include tuna, mackerel, sardines, salmon, and shrimp, all of which undergo a sterilization process during canning to ensure long-term storage.

The affordability and convenience of canned seafood continue to make it a staple in households, particularly in markets where consumers are seeking alternatives to fresh fish that require immediate consumption.

The United States and European countries continue to consume the largest volumes of canned seafood, with tuna maintaining its position as the leading product segment.

Much of the global supply originates from Asian countries such as Thailand, Ecuador, and Vietnam, which remain key exporters due to their established processing infrastructure.

Meanwhile, the Asia-Pacific region is witnessing the fastest growth in canned seafood sales, as urbanization and export-focused production increase across the region.

The report also points to changes in shopping behaviour, with online sales of canned seafood climbing by nearly 20% since the COVID-19 pandemic began.

This rise in e-commerce suggests that consumers may continue to rely on online grocery options as part of their regular shopping routines.

John West Foods, a well-known seafood brand based in the UK and owned by Thailand’s Thai Union Group, is among the companies benefiting from the global trend toward shelf-stable, ready-to-eat seafood products.

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