In 2023, canned shellfish consumption stood at approximately 0.53 pounds in the US. Forecasted data indicates a slight upward trend from 2024 to 2028, with consumption values rising incrementally from 0.54 pounds to 0.57 pounds. Year-on-year growth shows consistent increases of roughly 1.85% to 1.82% between each year until 2027, at which point consumption stabilizes. The five-year compound annual growth rate (CAGR) suggests an average yearly increase of around 1.47%.
Future trends to watch for:
- Consumer preference shifts towards sustainable seafood options might influence growth positively or negatively.
- Potential regulatory changes in shellfish harvesting and food safety standards.
- Innovations in packaging and preservation could impact demand.