The report forecasts the global canned salmon market to grow at a CAGR of 4.18% during the period 2016-2020.
Commenting on the report, an analyst from the research team said: A noticeable trend that can positively affect the market during the forecast period is the increase in the practice of land-based salmon aquaculture. Land-based aquaculture is expensive than marine aquaculture; however, it will eliminate many of the environmental problems associated with sea cage aquaculture.
Sea cages are vulnerable as they can be affected by a number of possible events such as storms, predators, algal blooms, jellyfish attacks, fish escapes, and the diseases from wild fish populations residing near the cages. These hazards can cause a significant decrease in fish production. Land-based salmon farming confines the fish to indoor tanks inside facilities, thus eliminating interactions between the farmed fish and the external environment. The land-based salmon farming can help in decreasing capital costs to the company. Capital costs of the vendor KUTERRA decreased by about 30% in two years since it began land-based closed containment Atlantic salmon aquaculture.
According to the report, new and innovative products, in line with growing consumer demand, characterize the global market. The new product launches by the players to stay competitive in the market is another major driver contributing to the growth of the global canned salmon market.
Players are coming up with new and innovative products to meet the changing consumer demands. In June 2016, Princes launched a new range of canned Atlantic salmon products in the UK market. In June 2016, Tassal launched its new range of canned salmon products, and the company claims that the products are 100% Australian-grown and canned.
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
- Austevoll Seafood ASA
- Bumble Bee Foods
- Marine Harvest
- Thai Union Frozen Products
- Beijing Princess Seafood International Trading
- Dong Won Fisheries
- Empresas AquaChile
- Labeyrie Fine Foods
- Sajo Industries
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by product type
PART 07: Market segmentation by distribution channel
PART 08: Geographical segmentation
PART 09: Key leading countries
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
PART 16: Appendix
PART 17: About the Author
For more information about this report visit http://www.researchandmarkets.com/research/j74rnh/global_canned
Related Topics: Canned Food, Fish and Seafood
Research and Markets
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SOURCE Research and Markets