In 2023, canned fish and shellfish consumption in the US was estimated at 3.37 pounds per capita. Forecasts for the subsequent years suggest a consistent decline, with values decreasing from 3.35 pounds in 2024 to 3.24 pounds in 2028. Year-on-year variations show a steady decrease, averaging a 0.8% decline each year. The five-year CAGR for this period stands at approximately -0.77%, indicating a modest but consistent reduction in per capita consumption.
Future trends to watch for include:
- Shifts in consumer preferences towards fresh or alternative seafood options could further impact canned fish and shellfish consumption.
- Environmental sustainability concerns and advancements in packaging may influence market dynamics.
- Economic factors, such as changes in disposable income and food pricing, could also play significant roles in consumption patterns.