The global tuna market size reached a value of 6884.30 KMT in 2024. The market is further expected to grow at a CAGR of about 2.70% in the forecast period of 2025 and 2034 to reach a value of about 8985.95 KMT by 2034. Tuna is a saltwater fish found predominantly in the Black Sea, Mediterranean Sea, and Atlantic Ocean's subtropical and temperate seas. It is a good source of necessary nutrients, as well as providing strength, lowering blood pressure, boosting the immune system and muscles, preventing cancer, and losing weight. Factors such as expanding urbanisation, a growing urge to try foreign cuisine, increased health consciousness, long shelf life, and the availability of diverse types of tuna, such as skipjack, albacore, bigeye, and yellowfin, are all supporting the growth of the global tuna market.
Europe is the world's largest consumer of canned tuna. Middle Eastern countries such as Israel, Saudi Arabia, and Egypt, which are among the world's largest tuna importers, have seen their markets expand. This is because the Middle East has substantially lower duties on canned tuna imports.
Due to people's hectic lifestyles all around the world, the markets for canned and other frozen, ready-to-eat versions have accelerated industry growth. The market has grown due to the long shelf life and quick distribution of these commodities over wider distances. The industry's main companies have had tuna certified by the Marine Stewardship Council (MSC), which has been caught and processed using sustainable ways due to rising environmental concerns. This phenomenon is projected to boost tuna market expansion in the next years, in conjunction with rising health consciousness.
Latest Updates on Top Companies in the Tuna Industry:
August 2024: Walker Seafoods Australia, a member of Tuna Australia, teamed up with celebrity chef Neil Perry to introduce a new line of preserved local tuna that are available in Australian stores. Sustainable Albacore tuna certified by the Marine Stewardship Council (MSC) and preserved in the clear waters off Mooloolaba is available at Walker's Tuna.
August 2024: In collaboration with Simple Mills and Chosen Foods, Wild Planet announced the release of their Limited Edition Wild Tuna Snack Pack. The partnership includes Wild Planet's newest product, sustainably fished Skipjack Wild Tuna, which is prepared with lemon juice, zesty chopped Dill Pickle, and sea salt.
June 2023: Bumble Bee Seafoods added 12 new products to its retail store shelves, adding to its award-winning array of premium tuna products in canned, pouched, and kit form. The new additions go well with a number of new products that Bumble Bee debuted in 2022, such as Bumble Bee Quick Catch Tuna Bowls in Southwest, Mediterranean, and Teriyaki flavor combinations and Bumble Bee Wild-Caught Tuna Pouches in two flavors, namely Applewood Smoke and Mediterranean Herbs & Spices.
March 2023: Sojitz Corporation raised its 10% interest in TRY Inc., a company that sells and processes super frozen tuna to fully own it. In order to further develop its functions in marine product processing and actualize new product proposals both in Japan and abroad, Sojitz aims to make TRY a fully owned subsidiary, adding additional domestic processing capabilities to its current tuna farming and overseas processing operations.
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Top 4 Tuna Companies in the World | Best Brands
1. American Tuna
| Headquarters: |
California, United States |
| Establishment: |
2005 |
| Website: |
https://americantuna.com/ |
American Tuna was founded by American Fishing Families. It sources only the most premium pole and line tuna from the MSC certified sustainable American pole and line albacore fishery in the American Pacific Northwest. Its products are hand filleted and hand packed Premium Albacore Loins. The tuna steaks are packed in cans by hand raw, sealed, and pressure-cooked, packing themselves in fish oil
2. Thai Union Group PCL
| Headquarters: |
Bangkok, Thailand |
| Establishment: |
1977 |
| Website: |
https://thaiunion.com/ |
Thai Union Group is a global seafood leader. Its portfolio of brands includes convenient consumer favourites that have brought nutritious and tasty seafood to tables around the world for over a century. Thai Union commits to sourcing 100% of its branded tuna from fisheries that are either Marine Stewardship Council (MSC) certified or engaged in Fishery Improvement Projects (FIPs) to move them towards MSC certification.
3. Wild Planet Foods
| Headquarters: |
McKinleyville, California, United States |
| Establishment: |
2004 |
| Website: |
https://wildplanetfoods.com/ |
Wild Planet Foods is a global leader of sustainable seafood. The company has been working to transform fishing into a force for good. It believes in protecting the ocean’s resources for generations to come. Wild Planet provides a variety of albacore wild tuna, including unsalted tuna, tuna with extra virgin olive oil, tuna with jalapeno and cumin, sweet chilli pepper tuna, lime and basil tuna, and lemon and thyme tuna, among others.
4. StarKist Tuna
| Headquarters: |
Pittsburgh, Pennsylvania, United States |
| Establishment: |
1917 |
| Website: |
https://starkist.com/ |
StarKist provides trusted, healthy food products in the United States. An industry innovator, StarKist was the first brand to introduce single-serve pouch products. The company’s product line includes tuna creations, salmon creations and chicken creations. The tuna creations line includes 17 different tuna flavours available in single-serve pouches.
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