Latin America Canned Seafood Market By Product (Tuna, Salmon, Sardines, Prawns, Shrimps, Other Seafood) And Region -Industry Analysis, Size, Share, Growth, Trends, And Forecasts (2018-2023)

Latin America Canned Seafood Market By Product (Tuna, Salmon, Sardines, Prawns, Shrimps, Other Seafood) And Region -Industry Analysis, Size, Share, Growth, Trends, And Forecasts (2018-2023)

ID: 6595 | Pages: 145 | April 2018 | Region: Latin America


Latin America Canned Seafood market is anticipated to grow at 4.77% CAGR from 2018 to 2023 and it is estimated that the Latin America market was valued at USD 2.27 billion in 2018 and is expected to reach USD 2.87 billion by 2023.

Canned seafood is seafood which has been processed, sealed in an airtight container such as a sealed tin can, and subjected to heat. Canning is a method of preserving food and provides a typical shelf life ranging from one to five years.

A rise in the popularity of ready-to-eat seafood products due to improvement in distribution infrastructure is anticipated to drive the industry growth. In addition, factors such as changing lifestyles coupled with increasing affordability are likely to drive the industry growth over the coming years. Demand for the product is growing due to an increase in the product consumption because of the health benefits coupled with the adoption of sustainable fish farming techniques adopted by the manufacturers. In addition, advantages offered by this product including extended shelf life, ease of cooking, are anticipated to drive growth. The price of the product is highly affected by the unpredictability in the production level of fishes. Lower income levels of population in developing economies are unable to afford the product which is likely to hamper industry growth. Moreover, the seasonal availability of the product is anticipated to hamper the growth. However, a decrease in the price for products such as canned tuna is expected to drive growth. The industry is majorly influenced by climatic conditions, contamination of seafood which is anticipated to limit the market growth. However, recent recommendation by countries such as to increase the canned seafood consumption is likely to propel the growth in the market over coming years

The Latin America Canned Seafood market is segmented on the basis of Product. On the basis of Type, it is segmented into Tuna, Salmon, Sardines, Prawns, Shrimps, and Other Seafood. Canned tuna emerged as one of the widely consumed products in the industry. On account of its superior properties including a rich source of lean proteins. In addition, other nutrients offered by the product such as omega 3 fatty acid that results in the improvement of personal health, is anticipated for increasing the consumption. Furthermore advantage of the product include improved immune system, reduced blood pressure, reduced depression, coupled with strengthened bones is likely to increase the consumption of this product. In addition, the products aids in weight reduction and cancer prevention, which is anticipated to raise the consumption of the product over the coming years. Canned shrimp market is expected to grow significantly during the forecast period owing to factors such as high nutritional value, use of the product across multiple cuisines adoption of the product by high-end restaurants. In addition, the product provides benefits such as low-fat content coupled with the high concentration of easily digestible protein, which is expected to drive the market growth. The growth of canned prawns is expected to be hindered by the high incidences of illegal trade of prawns leading to environmental damage. In addition, use of harmful antibiotics during processing of such prawns is expected to restrain the market growth. However, demand for is anticipated to increase on account of growing consumption by such products in South East Asia and Australia over the forecast period

On the basis of geography, the market is analyzed under various regions namely Argentina, Brazil and Mexico. Growing purchasing power of consumers in this region is likely to propel the product demand over coming years. The increased quality in seafood offered by distributors coupled with new eco-friendly packaging technologies is expected to accelerate the market growth over the forecast period. Growing demand for the product is expected to result in an increased production volume. In addition, the technological innovations including aquaculture practices in this region are anticipated to increase industry growth over coming years.

The market is dominated by companies like Bumble Bee Seafoods, StarKist Co., Nippon Suisan Kaisha Ltd, Maruha Nichiro Corporation, Icicle Seafoods Inc., LDH (La Doria) Ltd, Thai Union Frozen Products, American Tuna, Inc., Universal Canning, Inc., Trident Seafoods Corporation and Connors Bros. Ltd.

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Study Deliverables                  

                1.3 Base Currency, Base Year and Forecast Periods                          

                1.4 General Study Assumptions                

2. Research Methodology                                           

                2.1 Introduction                               

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Econometric Modelling      

                                2.2.4 Expert Validation  

                2.3 Analysis Design                         

                2.4 Study Timeline                          

3. Overview                                       

                3.1 Executive Summary                

                3.2 Key Inferences                         

                3.3 Epidemology                              

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                    

                4.1 Market Drivers                          

                4.2 Market Restraints                    

                4.3 Key Challenges                         

                4.4 Current Opportunities in the Market                              

5. Market Segmentation                                              

                5.1 Product                        

                                5.1.1 Introduction           

                                5.1.2 Tuna          

                                5.1.3 Salmon     

                                5.1.4 Sardines   

                                5.1.5 Prawns     

                                5.1.6 Shrimps    

                                5.1.7 Other Seafood      

                                5.1.8 Y-o-Y Growth Analysis, By Product               

                                5.1.9 Market Attractiveness Analysis, By Product             

                                5.1.10 Market Share Analysis, By Product             

6. Geographical Analysis                                              

                6.1 Introduction                               

                                6.1.1 Regional Trends    

                                6.1.2 Impact Analysis     

                                6.1.3 Y-o-Y Growth Analysis        

                                                6.1.3.1 By Geographical Area

                                                6.1.3.2 By Product

                                6.1.4  Market Attractiveness Analysis     

                                                6.1.4.1 By Geographical Area

                                                6.1.4.2 By Product

                                6.1.5  Market Share Analysis      

                                                6.1.5.1 By Geographical Area

                                                6.1.5.2 By Product

                6.2 Brazil                             

                6.3 Mexico                         

                6.4 Rest of Latin America                             

7. Strategic Analysis                                       

                7.1 PESTLE analysis                         

                                7.1.1 Political     

                                7.1.2 Economic 

                                7.1.3 Social         

                                7.1.4 Technological         

                                7.1.5 Legal          

                                7.1.6 Environmental       

                7.2 Porter’s Five analysis                              

                                7.2.1 Bargaining Power of Suppliers        

                                7.2.2 Bargaining Power of Consumers    

                                7.2.3 Threat of New Entrants     

                                7.2.4 Threat of Substitute Products and Services              

                                7.2.5 Competitive Rivalry within the Industry     

8. Market Leaders' Analysis                                        

                8.1 Bumble Bee Seafoods                           

                                8.1.1 Overview 

                                8.1.2 Product Analysis   

                                8.1.3 Financial analysis  

                                8.1.4 Recent Developments       

                                8.1.5 SWOT analysis       

                                8.1.6 Analyst View          

                8.2 StarKist Co.                 

                8.3 Nippon Suisan Kaisha Ltd                      

                8.4 Maruha Nichiro Corporation                               

                8.5 Icicle Seafoods Inc.                  

                8.6 LDH (La Doria) Ltd                    

                8.7 Thai Union Frozen Products                

                8.8American Tuna Inc.                  

                8.9 Universal Canning, Inc.                          

                8.10 Trident Seafoods Corporation                          

9.Competitive Landscape                                            

                9.1 Market share analysis                            

                9.2 Merger and Acquisition Analysis                       

                9.3 Agreements, collaborations and Joint Ventures                         

                9.4 New Product Launches                         

10.Market Outlook and Investment Opportunities                                          

Appendix                                           

                a) List of Tables                

                b) List of Figures                              

  • Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms product along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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  1. Latin America Canned Seafood Market By Product, From2018-2023 ( USD Billion )
  2. Latin America Tuna Market By Region, From2018-2023 ( USD Billion )
  3. Latin America Salmon Market By Region, From2018-2023 ( USD Billion )
  4. Latin America Sardines Market By Region, From2018-2023 ( USD Billion )
  5. Latin America Prawns Market By Region, From2018-2023 ( USD Billion )
  6. Latin America Shrimps Market By Region, From2018-2023 ( USD Billion )
  7. Latin America Other Seafood Market By Region, From2018-2023 ( USD Billion )
  8. Brazil Canned Seafood Market By Product, From2018-2023 ( USD Billion )
  9. Argentina Canned Seafood Market By Product, From2018-2023 ( USD Billion )
  10. Mexico Canned Seafood Market By Product, From2018-2023 ( USD Billion )
  11. Rest of Latin America Canned Seafood Market By Product, From2018-2023 ( USD Billion )
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