Consumer Preferences, Health Concerns, Boost Canned Salmon Market Growth

canned salmon
Demand for canned salmon is increasing, a new market study shows. Photo by Mark Nero.

Canned salmon is seeing an upsurge in demand, thanks to increased consumption of seafood for its health benefits, according to a new report by the industry intelligence and market research firm Fact.MR.

The report notes that canned salmon is a great source of essential nutrients such as protein, as well as vitamin B12 and omega-3 fatty acids.

Canned salmon has a unique flavor with a less fishy taste compared to other varieties of fish, the report states. It can be offered in various forms such as smoked, sauteed grilled, steamed and poached, making it a natural for breakfast meals and salads.

Consumption of highly nutritional seafood like salmon also helps to prevent various chronic diseases like heart disease, reduces the risk of stroke, cancer, arthritis, Alzheimer’s disease, asthma and Crohn’s disease, the report said.

Fact.MR, which has offices in Rockville, Maryland and Dublin, Ireland, projects that global sales for U.S. canned salmon will reach $4.5 billion in 2021. The global market is expected to remain stable, growing at a compound annual growth rate of 6.8% from 2021 to 2031, compared to a compound annual growth rate of 5.2% from 2016 to 2020, according to Fact.MR, with sales upwards of $8.6 billion in value in 2031.

Using the by-products of salmon in various applications, including animal feed and pet food, and as a fat absorber in the meat and confectionery industry also helps to avoid wastage by the manufacturer and enables optimum utilization of resources, according to the report.