South Korea Canned Fish Market was valued at USD 1.0 Billion in 2022 and is projected to reach USD 1.3 Billion by 2030, growing at a CAGR of 3.1% from 2024 to 2030.
The South Korea canned fish market has witnessed significant growth over the past decade, driven by both domestic demand and international export opportunities. South Korea, known for its strong seafood culture, has seen a rising preference for convenience and long shelf-life products, making canned fish a staple in many households. The growth of this sector can largely be attributed to changing consumer habits, with an increasing demand for ready-to-eat, protein-rich food options that cater to busy lifestyles.
In the South Korean canned fish market, products like canned tuna, mackerel, and sardines dominate the landscape. Canned tuna is especially popular, with both local brands and international manufacturers vying for a share of the market. The demand for high-quality, fresh-tasting canned fish has prompted manufacturers to innovate in terms of flavor, packaging, and nutritional content. Additionally, there is a growing trend towards incorporating organic and sustainably sourced fish into canned products to meet the increasing consumer focus on health and the environment.
The requirements from industries within the South Korean canned fish market are multifaceted. Firstly, manufacturers are increasingly required to adhere to stringent food safety and quality standards. These regulations ensure that canned fish products maintain their nutritional value and flavor, while also ensuring consumer health and safety. Moreover, there is a heightened focus on sustainability in fishing practices, with the industry seeking certification for responsible sourcing to appeal to environmentally conscious consumers.
Packaging innovation plays a key role in the industry, with a clear emphasis on convenience. Canned fish packaging must not only be durable but also eco-friendly, with many manufacturers exploring recyclable materials and reducing plastic usage. Furthermore, supply chain management is another critical requirement, ensuring that fish are processed and canned in optimal conditions to preserve freshness while meeting production and demand cycles efficiently.
As consumer interest in international cuisines continues to grow, there is a noticeable shift towards variety in flavor profiles and regional preferences. This has led to an increase in demand for canned fish products that cater to diverse tastes, such as spicy tuna or marinated mackerel, adding a unique twist to the traditional canned fish offerings in South Korea. In this evolving landscape, the South Korean canned fish market continues to thrive, with both innovation and tradition driving its future growth.
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Starkist
Bumble Bee Foods
Chicken of the Sea International
Crown Prince
Natural Sea
Roland Foods Corporation
Wild Planet
Tri Marine International
High Liner Foods
Mazzetta Company
CamilAilmentos
GuangDong GanZhu Canned Foods
Gomes da Costa
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Canned Fish Market
Canned Tuna
Canned Salmon
Canned Sardines
Canned Mackerel
Canned Anchovies
Canned Crab Meat
Canned Clams
Can (Tin or Aluminum)
Pouch
Glass Jar
Supermarkets & Hypermarkets
Convenience Stores
Online Retailers
Specialty Stores
Others (Including Direct Sales)
Households
Foodservice Providers (Restaurants, Hotels, Catering)
Industrial (Canned Fish Processing for Further Use)
Smoked
Salted
Fresh
Frozen
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Canned Fish Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Canned Fish Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Canned Fish Market, By Type
6. South Korea Canned Fish Market, By Application
7. South Korea Canned Fish Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Canned Fish Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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