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Middle East and Africa Canned Seafood Market Size (2024 - 2029)

The Middle East and Africa canned seafood market is experiencing growth driven by increasing consumer demand for convenient and healthy food options, influenced by rising urbanization and disposable incomes. The market size is expanding as more consumers, particularly in urban areas, seek easy-to-prepare seafood products like canned tuna. This trend is supported by the growing popularity of seafood for its nutritional benefits among health-conscious individuals. However, the market's expansion is somewhat hindered by the rising popularity of veganism due to dietary and environmental concerns. Despite these challenges, the market is poised for growth in the medium term, bolstered by factors such as increased tourism and a shift towards processed and convenience foods.

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Market Size of Middle East and Africa Canned Seafood Industry

Middle East And Africa Canned Seafood Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 4.34 %
Market Concentration Low

Major Players

Middle East And Africa Canned Seafood Market Major Players

*Disclaimer: Major Players sorted in no particular order

MEA Canned Seafood Market Analysis

The Middle East and Africa canned seafood markets are projected to register a CAGR of 4.34% over the next five years.

  • The consumption of canned seafood products in the region is increasing due to several factors, including the rising demand for animal protein and healthy diets among consumers. The convenience factor and ease of storage and cooking are other key reasons for the market's growth. As the working population and disposable income in the region are increasing, consumers' demand for convenience food is also growing.
  • Urbanization is another contributing factor to the rising demand for canned seafood products, particularly among urban consumers who prefer convenience seafood products like canned tuna, chilled and frozen seafood products, and other canned seafood products that are easy and quick to prepare. The urban population of Egypt was 44,687,204 in 2021, according to World Bank Data. It has been steadily increasing over the years and is projected to reach around 50 million by 2030. This demographic shift is likely to continue driving demand for canned seafood products in the country as more consumers seek out convenient and easy-to-prepare food options.
  • Canned tuna seafood products are an excellent, affordable source of nutrition due to their protein, polyunsaturated fats, and other nutrients. Health-conscious consumers and sports and fitness enthusiasts in the region demand seafood products for their high protein content. However, the market growth is being restrained by veganism, which is gaining traction in the region due to shifting consumer preferences as a result of dietary and environmental concerns. This factor has adversely impacted meat and seafood sales in the region.
  • Despite this, the market is expected to grow in the medium term due to rising tourism, increased consumption of processed and convenience food, and rising disposable income.

MEA Canned Seafood Industry Segmentation

Canned seafood is food that has been processed, sealed in an airtight container such as a sealed tin can, and subjected to heat. 

The canned seafood market is segmented by type, distribution channel, and geography. By type, the market is segmented into canned fish, canned shrimp, canned prawns, and other types. Canned fish is further sub-segmented into tuna, salmon, sardines, and mackerel. By distribution channel, the market is segmented into supermarkets/hypermarkets, convenience stores, online retail stores, and other channels. The market is segmented by geography into the United Arab Emirates, South Africa, and the rest of the Middle East and Africa. 

For each segment, the market sizing and forecasts have been done on the basis of value (in USD million).

Type
Canned Fish
Tuna
Salmon
Sardines
Mackrel
Canned Shrimp
Canned Prawns
Other Types
Distribution Channel
Supermarkets/Hypermarkets
Convenience Stores
Online Retailers
Other Distruibution Channels
Geography
United Arab Emirates
South Africa
Rest of the Middle East and Africa
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Middle East and Africa Canned Seafood Market Size Summary

The Middle East and Africa canned seafood market is experiencing a steady growth trajectory, driven by increasing consumer demand for convenient and nutritious food options. Factors such as rising urbanization, increased disposable income, and a growing working population are contributing to the market's expansion. Consumers are increasingly seeking canned seafood products like tuna, shrimp, and sardines due to their ease of preparation and storage, making them a popular choice among urban dwellers. The market is also benefiting from the trend towards healthier diets, with canned seafood offering a cost-effective source of animal protein and essential nutrients. However, the growth is somewhat tempered by the rising popularity of veganism, which is influencing consumer preferences and impacting meat and seafood sales.

The competitive landscape of the canned seafood market in the region is marked by the presence of several key players, including Saldanha, Oceana Group Limited, and Thai Union Group, among others. These companies are actively innovating and expanding their distribution networks to capture a larger market share. The market is further bolstered by the growth of the tourism industry, which is increasing the demand for canned seafood in restaurants and food service channels. The affordability and longer shelf life of canned seafood make it an attractive option for both local consumers and tourists. As the market continues to evolve, companies are focusing on sustainability and quality to meet the changing demands of health-conscious consumers.

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Middle East and Africa Canned Seafood Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Drivers

    2. 1.2 Market Restraints

    3. 1.3 Porter's Five Force Analysis

      1. 1.3.1 Threat of New Entrants

      2. 1.3.2 Bargaining Power of Buyers/Consumers

      3. 1.3.3 Bargaining Power of Suppliers

      4. 1.3.4 Threat of Substitute Products

      5. 1.3.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Type

      1. 2.1.1 Canned Fish

        1. 2.1.1.1 Tuna

        2. 2.1.1.2 Salmon

        3. 2.1.1.3 Sardines

        4. 2.1.1.4 Mackrel

      2. 2.1.2 Canned Shrimp

      3. 2.1.3 Canned Prawns

      4. 2.1.4 Other Types

    2. 2.2 Distribution Channel

      1. 2.2.1 Supermarkets/Hypermarkets

      2. 2.2.2 Convenience Stores

      3. 2.2.3 Online Retailers

      4. 2.2.4 Other Distruibution Channels

    3. 2.3 Geography

      1. 2.3.1 United Arab Emirates

      2. 2.3.2 South Africa

      3. 2.3.3 Rest of the Middle East and Africa

Middle East and Africa Canned Seafood Market Size FAQs

The Middle East and Africa Canned Seafood Market is projected to register a CAGR of 4.34% during the forecast period (2024-2029)

Oceana Group Limited, Americana Group Inc, Thai Union Group, Alalali and Century Pacific food, INC. are the major companies operating in the Middle East and Africa Canned Seafood Market.

Canned Seafoods Market in MEA Report Snapshots

Middle East and Africa Canned Seafood Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)