Market overview:
Canned Salmon Market has been valued $xx million in the year 2019 and it is estimated to reach $xx million by the year 2026, with a CAGR of xx% from 2021 to 2026. Canned Salmon is rich in protein, vitamin D, calcium (from the bones) and healthy omega-3 fats. Omega-3 fats are heart healthy fats. Canada's Food Guide recommends we eat at least two Food Guide servings of low-mercury fish such as salmon each week. Salmon belongs to the Meat and Alternatives food group. these are the main factors that have considerably increased the demand for the Canned Salmon in the market, thereby driving the huge growth of the Canned Salmon market in the upcoming years.
Market Drivers and Restrains:
The main factors that have considerably increased the demand for the Canned Salmon in the market is mainly due to the rise in health benefits of salmon consumption, such as proteins, minerals, and fatty acids are projected to create attractive prospects for worldwide market players. Furthermore, increased disposable income and change in consumer lifestyle are expected to raise demand for canned salmon industry in the forecast period. Growth in market trends of consuming nutrient dense seafood products further drives the market share. Salmon is a nutrient-dense fish that is high in micronutrients, minerals, marine omega-3 fatty acids, high-quality protein, and a variety of vitamins. It is an important part of a diverse and healthy diet. "Fish is a great nutritional food that offers high-quality protein and a wide array of vitamins & minerals, including vitamins A & D, phosphorus, magnesium, selenium, and iodine," according to the FAO Salmon; these are the main factors that have considerably increased the demand for the Canned Salmon in the market, thereby driving the huge growth of the Canned Salmon market in the upcoming years
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The report is segmented as:
Canned Salmon Market is segmented on the basis of by:
By Product type (Chum salmon, Sockeye salmon, Pink salmon and Coho salmon)
By Distribution channel (Mass retailers, direct selling, Internet retailing and others)
Geographical Segmentation:
Canned Salmon Market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa and rest of world. North America has the dominant share in the Canned Salmon is due to the Owing to rise in consumers’ purchasing power these are the main factors that have considerably increased the demand for the Canned Salmon in the North America, followed by Europe, Asia Pacific, Latin America and Middle East & Africa will register a slower increase in the Canned Salmon Market
Impact of COVID-19 on Market
Covid -19 pandemic has affected almost every industry, and the long-term effects are projected to impact growth of Canned Salmon during the forecast period. Covid-19 pandemic has impacted huge on the sales revenue of Canned Salmon market, Due to the government restrictions like lockdown in many countries has stopped the production of products by the manufacturing companies. Companies have started opening their manufacturing units after taking all the necessary preventive measures. In recent days relaxation in restrictions by the government and people are getting vaccinated to stop the spread of corona virus.