South America Canned Seafood Market to Grow with a CAGR of 3.05% through 2030

The South America Canned Seafood Market is driven by rising health awareness, urban lifestyle convenience, and expanding retail and e-commerce channels.

According to TechSci Research report, “South America Canned Seafood Market – By Country, Competition, Forecast & Opportunities, 2030F”, the South America Canned Seafood Market was valued at USD 3.19 Billion in 2024 and is expected to reach USD 3.82 Billion by 2030 with a CAGR of 3.05% during the forecast period. The South America canned seafood market has experienced steady growth over the past few years, driven by changing consumer lifestyles and increasing health awareness. Seafood is widely recognized for its high nutritional value, including essential proteins, omega-3 fatty acids, and vitamins, making it a preferred choice for health-conscious consumers. Busy urban populations are seeking convenient, ready-to-eat meals that require minimal preparation, and canned seafood perfectly fits this demand. Rising disposable incomes and growing middle-class populations across countries such as Brazil, Argentina, and Chile are further boosting market adoption, as consumers increasingly incorporate seafood into their regular diets.

Urbanization and shifting lifestyles have significantly influenced consumption patterns, with consumers favoring products that combine convenience, taste, and nutrition. Canned seafood offers long shelf life and easy storage, making it ideal for households with fast-paced routines. Supermarkets, hypermarkets, and convenience stores are the primary channels driving visibility and accessibility, while e-commerce platforms have emerged as crucial growth drivers, offering the ability to reach consumers beyond major cities.

Sustainability has become a central theme shaping the market’s trajectory, as consumers increasingly demand ethically sourced seafood and environmentally friendly packaging. Overfishing and ecological concerns have led manufacturers to adopt sustainable fishing practices, ensure traceability, and obtain certifications that validate responsible sourcing. Brands that emphasize eco-conscious practices are more successful in building trust and loyalty, particularly among younger demographics. In addition, innovations in packaging, such as easy-open cans, resealable containers, and recyclable materials, not only enhance convenience but also align with evolving consumer preferences for environmentally responsible products.

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The South America Canned Seafood Market is segmented into product type, distribution channel and country.

Based on the distribution channel, offline segment is the dominating distribution channel in the South American canned seafood market, driven by the widespread presence of supermarkets, hypermarkets, convenience stores, and traditional retail outlets. These channels offer consumers easy access to a wide variety of canned seafood products, including local and imported options, ensuring visibility and immediate availability. Shoppers in countries like Brazil, Argentina, and Chile often prefer in-store purchases, where they can evaluate product quality, packaging, and pricing firsthand. Retail promotions, discounts, and brand displays further encourage purchases through offline channels.

Based on country, Colombia is emerging as the fastest-growing market for canned seafood in South America, driven by increasing consumer awareness of health and nutrition, rising urbanization, and expanding disposable incomes. The growing middle-class population is showing a preference for convenient, protein-rich, and ready-to-eat food options, which has boosted demand for canned fish, shrimp, and other seafood products. Modern retail formats such as supermarkets, hypermarkets, and convenience stores are rapidly expanding, complemented by the growth of e-commerce platforms that improve product accessibility. Additionally, promotional campaigns by leading brands and innovations in packaging and flavors are attracting new consumers, positioning Colombia as a dynamic and rapidly expanding market in the region.

Major companies operating in the South America Canned Seafood Market are:

• Trident Seafoods
• Tri Marine
• La Doria
• Icicle Seafood
• Nissui
• StarKist Co.
• Thai Union Group
• Maruha Nichiro Corp
• Brunswick Corp
• American Tuna

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“The South American canned seafood market is driven by rising health consciousness, busy urban lifestyles demanding convenient meals, expanding retail and e-commerce channels, and growing emphasis on sustainable sourcing. Key trends include premiumization, value-added products, digital engagement, innovative packaging, and eco-friendly initiatives that appeal to environmentally conscious consumers“, Said Mr. Karan Chechi, Research Director of TechSci Research, a research-based management consulting firm.

“South America Canned Seafood Market, By Product Type (Canned Fish, Canned Shrimp, Canned Prawns, Others), By Distribution Channel (Online, Offline), By Country, Competition, Forecast & Opportunities, 2020-2030F”, has evaluated the future growth potential of South America Canned Seafood Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the South America Canned Seafood Market.

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