Canned Tuna Market: New Business Opportunity Insight Report 2030
The global canned tuna market revenue was estimated at US$ 29.88 billion in 2021 and is expected to reach over US$ 40.47 billion by 2030, poised to grow at a CAGR of 3.4% over the forecast period 2022 to 2030..
Growth Factors:
Shifting consumer preferences for seafood in various cuisines on account of being a rich source of essential proteins, vitamins, and minerals are expected to be a key factor driving the industry. Moreover, the taste of tuna is very delicious and distinct from any other seafood, which is why the product is witnessing high demand across the globe. Over the past few years, the consumption of seafood has been increasing significantly across the globe owing to its rich taste, nutritional properties, and fewer carbon footprints as compared to other meat and beef products. However, tuna is one of the top five most consumed seafood items across the globe. In recent years, the tuna industry is witnessing a paradigm shift owing to increasing production and price competition, changing technology, and shifting consumer demand.
European countries and the U.S. are the largest consumers of canned tuna, whereas some of the Asian countries, such as Japan, Australia, and South Korea, are also leading in the consumption chart. However, the majority of the tuna industry, especially the canned tuna sector, is catered to some of the Asian countries as the quality of the fish is excellent.
According to the statistics provided by the ‘GLOBEFISH’, a product, trading, and marketing branch of FAO Fisheries and Aquaculture Department, Thailand, Ecuador, China, Indonesia, and the Philippines were the largest exporters of canned and processed tuna. However, the U.S., Japan, Australia, Egypt, Saudi Arabia, and European countries were the largest importers of canned and processed tuna.
During the coronavirus (COVID-19) pandemic, the demand for canned food, especially tuna, has increased significantly across the U.S. Consumers are increasingly buying this product as it is the cheapest protein available in the market, coupled with higher shelf life. These consumer trends are anticipated to boost demand over the forecast period.
Scope of the Canned Tuna Market
|
Report Highlights |
Details |
|
Market Revenue |
US$ 40.47 Billion by 2030 |
|
Growth Rate |
CAGR of 2.4% from 2022 to 2030 |
|
Base Year |
2021 |
|
Historic Data |
2017 to 2020 |
|
Forecast Period |
2022 to 2030 |
|
Segments Covered |
Product, Sales Channel, End use, Tuna Species, Type |
|
Regional Scope |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA) |
|
Companies Mentioned |
Thai Union Group PCL, Frinsa del Noroeste SA, Jealsa Rianxeira SA, Centuary Pacific Food, Inc., Golden Prize Canning Co. Ltd., Albacora S.A., American Tuna, Inc., Wild Planet Foods, Inc., Ocean Brands GP (The Jim Pattison |
Segment Trends:
Flavored Product Type Segment Testified Leading Market Stake in Year 2020
Flavored canned tuna product type is anticipated to register highest growth rate as well as market share over the forecast period of time. The growth is attributed to its growing consumption especially in the emerging economies across the globe. Along with this the unflavored product type segment will be growing at moderate pace and will fuel growth of the canned tune industry in the near future.
Skip Jack Tuna Species Segment Reported Foremost Market Stake in 2020
Skip jack tuna species is expected to account for the major share in the owing to its rising popularity in the leading countries and developing areas. Along with this the yellowfin segment is anticipated to grow at the noteworthy growth rate and will augment the market revenue.
North America is Likely to be the Largest Market for Canned Tuna
The study report offers predictions of canned tuna products around are as counting Europe, Latin America, Asia-Pacific, North America, Middle East and Africa. Canned Tuna market is occupied by North America due to augmented intake of the canned tuna in various end use applications, coupled with growing working women population in the countries of the North America especially in the United States and Canada of North America. Furthermore, presence of major companies in the North America and business plans that are executed by the chief players in the nations of North America is prospective to observer significant growth in the aiming industry in the nearby future. Asia Pacific is probable to list the remarkable CAGR, on account of growing in the demand for the canned tuna in evolving economies owing to increased preferences for the convenience food. Likewise, utmost of the companies functioning in the market are advancing heavily in order to get the modest edge in the canned tuna market in Asia Pacific. Further, the Latin America as will likely to register moderate growth in the coming. Also, Middle East and Africa region is expected to create lucrative growth opportunities in the target industry.
Some of the prominent players in the Canned Tuna Market include:
Segments Covered in the Report
This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for the period of 2017 to 2030 and covers subsequent region in its scope:
By Product Type
By End use
By Sales Channel
By Tuna Species
By Type
By Geography
North America
Europe
Asia Pacific
Latin America
Middle East & Africa (MEA)
Key Points Covered in Canned Tuna Market Study:
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions& Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Canned Tuna Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
Chapter 5. COVID 19 Impact on Canned Tuna Market
5.1. Covid-19: Canned Tuna Industry Impact
5.2. Canned Tuna Business Impact Assessment: Covid-19
5.2.1. Services Challenges/Disruption
5.2.2. Market Trends and Canned Tuna Opportunities in the COVID-19 Landscape for Major Markets
5.3. Strategic Measures against Covid-19
5.3.1. Government Support and Initiative to Combat Covid-19
5.3.2. Proposal for Canned Tuna Market Players to deal with Covid-19 Pandemic Scenario
Chapter 6. Canned Tuna Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.1.1. Growth in the working women population, coupled with changing lifestyle patterns worldwide
6.1.1.2. Increasing Consumption of Canned Tuna
6.1.1.3. Rising inclination towards convenience food
6.1.2. Market Restraints
6.1.2.1. The growing demand for plant based food products
6.1.3. Market Opportunities
6.1.3.1. Emerging markets
Chapter 7. Global Canned Tuna Market: Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.1.1. Canned Tuna Market Revenue by Market Players (2017 - 2020)
7.1.1.2. Canned Tuna Market Revenue Market Share by Market Players (2017 - 2020)
7.1.2. Key Organic/Inorganic Strategies Adopted by Players
7.1.2.1. Product Portfolio Expansion, Geographic Expansion, Process Innovation
7.1.2.2. Merger and Acquisition, Collaboration and Partnerships
7.1.3. Market Players Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of End-users
Chapter 8. Global Canned Tuna Market, By Product Type
8.1. Canned Tuna Market, by Product Type, 2017-2030
8.2. Flavoured
8.2.1.1. Market Revenue Forecast (2017-2030)
8.3. Unflavoured
8.3.1.1. Market Revenue Forecast (2017-2030)
Global Canned Tuna Market, By End use
8.4. Canned Tuna Market, by End use, 2017-2030
8.5. B2C
8.5.1.1. Market Revenue Forecast (2017-2030)
8.6. B2B
8.6.1.1. Market Revenue Forecast (2017-2030)
Global Canned Tuna Market, By Sales Channel
8.7. Canned Tuna Market, by Sales Channel, 2017-2030
8.8. Direct
8.8.1.1. Market Revenue Forecast (2017-2030)
8.9. Indirect
8.9.1.1. Market Revenue Forecast (2017-2030)
Global Canned Tuna Market, By Tuna Species
8.10. Canned Tuna Market, by Tuna Species, 2017-2030
8.11. Albacore
8.11.1.1. Market Revenue Forecast (2017-2030)
8.12. Skip Jack
8.12.1.1. Market Revenue Forecast (2017-2030)
8.13. Yellowfin
8.13.1.1. Market Revenue Forecast (2017-2030)
8.14. Others
8.14.1.1. Market Revenue Forecast (2017-2030)
Chapter 9. Global Canned Tuna Market, By Type
9.1. Canned Tuna Market, by Type, 2017-2030
9.2. Ready-To-Eat
9.2.1.1. Market Revenue Forecast (2017-2030)
9.3. Ready-To-Cook
9.3.1.1. Market Revenue Forecast (2017-2030)
Chapter 10. Global Canned Tuna Market, Regional Estimates and Trend Forecast
10.1. North America
10.1.1. Market Revenue Forecast by Product Type (2017-2030)
10.1.2. Market Revenue Forecast by Type (2017-2030)
10.1.3. Market Revenue Forecast by Tuna Species (2017-2030)
10.1.4. Market Revenue Forecast by Sales Channel Size (2017-2030)
10.1.5. Market Revenue Forecast by End use (2017-2030)
10.1.6. U.S
10.1.6.1. Market Revenue Forecast (2017-2030)
10.1.7. Canada
10.1.7.1. Market Revenue Forecast (2017-2030)
10.2. Europe
10.2.1. Market Revenue Forecast by Product Type (2017-2030)
10.2.2. Market Revenue Forecast by Type (2017-2030)
10.2.3. Market Revenue Forecast by Tuna Species (2017-2030)
10.2.4. Market Revenue Forecast by Sales Channel Size (2017-2030)
10.2.5. Market Revenue Forecast by End use (2017-2030)
10.2.6. UK
10.2.6.1. Market Revenue Forecast (2017-2030)
10.2.7. Germany
10.2.7.1. Market Revenue Forecast (2017-2030)
10.2.8. France
10.2.8.1. Market Revenue Forecast (2017-2030)
10.2.9. Rest of EU
10.2.9.1. Market Revenue Forecast (2017-2030)
10.3. Asia Pacific (APAC)
10.3.1. Market Revenue Forecast by Product Type (2017-2030)
10.3.2. Market Revenue Forecast by Type (2017-2030)
10.3.3. Market Revenue Forecast by Tuna Species (2017-2030)
10.3.4. Market Revenue Forecast by Sales Channel Size (2017-2030)
10.3.5. Market Revenue Forecast by End use (2017-2030)
10.3.6. China
10.3.6.1. Market Revenue Forecast (2017-2030)
10.3.7. India
10.3.7.1. Market Revenue Forecast (2017-2030)
10.3.8. Japan
10.3.8.1. Market Revenue Forecast (2017-2030)
10.3.9. Rest of APAC
10.3.9.1. Market Revenue Forecast (2017-2030)
10.4. LATAM
10.4.1. Market Revenue Forecast by Product Type (2017-2030)
10.4.2. Market Revenue Forecast by Type (2017-2030)
10.4.3. Market Revenue Forecast by Tuna Species (2017-2030)
10.4.4. Market Revenue Forecast by Sales Channel Size (2017-2030)
10.4.5. Market Revenue Forecast by End use (2017-2030)
10.4.6. Brazil
10.4.6.1. Market Revenue Forecast (2017-2030)
10.4.7. Rest of LATAM
10.4.7.1. Market Revenue Forecast (2017-2030)
10.5. Middle East and Africa (MEA)
10.5.1. Market Revenue Forecast by Product Type (2017-2030)
10.5.2. Market Revenue Forecast by Type (2017-2030)
10.5.3. Market Revenue Forecast by Tuna Species (2017-2030)
10.5.4. Market Revenue Forecast by Sales Channel Size (2017-2030)
10.5.5. Market Revenue Forecast by End use (2017-2030)
10.5.6. GCC
10.5.6.1. Market Revenue Forecast (2017-2030)
10.5.7. North Africa
10.5.7.1. Market Revenue Forecast (2017-2030)
10.5.8. South Africa
10.5.8.1. Market Revenue Forecast (2017-2030)
10.5.9. Rest of MEA
10.5.9.1. Market Revenue Forecast (2017-2030)
Chapter 11. Company Profiles
11.1. Frinsa del Noroeste SA
11.1.1. Company Overview, Business Information, Regional Presence
11.1.2. Product Portfolio Analysis
11.1.2.1. Product Details, Specification, Product Type
11.1.3. Revenue, Price, and Gross Margin (2017-2020)
11.1.4. Recent Developments and Strategies
11.2. Thai Union Group PCL
11.2.1. Company Overview, Business Information, Regional Presence
11.2.2. Product Portfolio Analysis
11.2.2.1. Product Details, Specification, Product Type
11.2.3. Revenue, Price, and Gross Margin (2017-2020)
11.2.4. Recent Developments and Strategies
11.3. Centuary Pacific Food, Inc.
11.3.1. Company Overview, Business Information, Regional Presence
11.3.2. Product Portfolio Analysis
11.3.2.1. Product Details, Specification, Product Type
11.3.3. Revenue, Price, and Gross Margin (2017-2020)
11.3.4. Recent Developments and Strategies
11.4. JealsaRianxeira SA
11.4.1. Company Overview, Business Information, Regional Presence
11.4.2. Product Portfolio Analysis
11.4.2.1. Product Details, Specification, Product Type
11.4.3. Revenue, Price, and Gross Margin (2017-2020)
11.4.4. Recent Developments and Strategies
11.5. Wild Planet Foods, Inc.
11.5.1. Company Overview, Business Information, Regional Presence
11.5.2. Product Portfolio Analysis
11.5.2.1. Product Details, Specification, Product Type
11.5.3. Revenue, Price, and Gross Margin (2017-2020)
11.5.4. Recent Developments and Strategies
11.6. American Tuna, Inc.
11.6.1. Company Overview, Business Information, Regional Presence
11.6.2. Product Portfolio Analysis
11.6.2.1. Product Details, Specification, Product Type
11.6.3. Revenue, Price, and Gross Margin (2017-2020)
11.6.4. Recent Developments and Strategies
11.7. Ocean Brands GP (The Jim Pattison Group)
11.7.1. Company Overview, Business Information, Regional Presence
11.7.2. Product Portfolio Analysis
11.7.2.1. Product Details, Specification, Product Type
11.7.3. Revenue, Price, and Gross Margin (2017-2020)
11.7.4. Recent Developments and Strategies
11.8. Golden Prize Canning Co. Ltd.
11.8.1. Company Overview, Business Information, Regional Presence
11.8.2. Product Portfolio Analysis
11.8.2.1. Product Details, Specification, Product Type
11.8.3. Revenue, Price, and Gross Margin (2017-2020)
11.8.4. Recent Developments and Strategies
11.9. Albacora S.A.
11.9.1. Company Overview, Business Information, Regional Presence
11.9.2. Product Portfolio Analysis
11.9.2.1. Product Details, Specification, Product Type
11.9.3. Revenue, Price, and Gross Margin (2017-2020)
11.9.4. Recent Developments and Strategies
11.10. F.C.F. Fishery Co., Ltd (Bumble Bee Foods, LLC)
11.10.1. Company Overview, Business Information, Regional Presence
11.10.2. Product Portfolio Analysis
11.10.2.1. Product Details, Specification, Product Type
11.10.3. Revenue, Price, and Gross Margin (2017-2020)
11.10.4. Recent Developments and Strategies
Chapter 12. Appendix
12.1. About Us
12.2. Glossary of Terms
Cross-segment Market Size and Analysis for Mentioned Segments
Additional Company Profiles
(Upto 5 With No Cost)
Additional Countries (Apart
From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers