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Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Global Canned Tuna Market Outlook

The global canned tuna market size reached USD 23.68 billion in 2023. The market is estimated to grow at a CAGR of 3.91% in the forecast period of 2024-2032, reaching a value of around USD 32.94 billion by 2032.

Global Canned Tuna Market

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Key Takeaways

  • In 2021, 6,355 KMT of tuna was produced globally.
  • Thailand and Indonesia are major exporters of processed canned tuna.
  • Canned tuna is increasingly being preferred over fresh tuna due its convenience, extended shelf life, and economic benefits.

Tuna is a popular seafood and considered one of the top five seafood species consumed across the globe. Tuna is a low glycaemic index (GI) food and a good source of selenium, Vitamin B3 (niacin), Vitamin D, Omega-3 fatty acids, and certain other nutrients. Canned tuna is a versatile food option and can be used in various recipes, including salads, sandwiches, casseroles, and pasta dishes. Cultural preferences and dietary habits in different regions shape the canned tuna market. The European Union and the United States are some of the largest consumers of canned tuna globally.

Consumers’ growing emphasis on ethical sourcing provides an opportunity to companies that focus on ethical fishing practices. By obtaining quality sustainability certifications such as the Marine Stewardship Council (MSC), producers can increase their market share. Currently, almost 30% of tuna caught is MSC-certified.

Global Canned Tuna Market

Global Canned Tuna Market

Key Trends and Developments

Rising sustainability concerns; increasing health consciousness; rising availability through e-commerce channels; and convenience offered by canned tuna are positively impacting the canned tuna industry growth

Date Company Event
Nov 2023 Thai Union Group PCL Thai Union Group PCL concluded a THB 11,485 million Sustainability-Linked Loan (SLL), marking the initiation of the second phase of its Blue Finance agenda.
Jul 2023 Bolton Group Wild Planet Foods, a subsidiary of Bolton Group, introduced five new sustainably caught seafood items in Whole Foods Market stores nationwide, expanding its retail footprint.
Jun 2023 Bumble Bee Seafoods Bumble Bee Seafoods unveiled a dozen new tuna product SKUs, expanding its range of canned, pouched, and kit-based tuna offerings.
Mar 2023 Thai Union Group PCL Thai Union Group PLC, a major seafood producer and a leading shelf-stable tuna manufacturer, announced its dedication to sourcing only from vessels adhering to best practices to safeguard ocean wildlife from bycatch
Trends Impact
Ethical sourcing of tuna Manufacturers of canned tuna are focusing on ethical fishing practices, as a result of increasing sustainability concerns around the world.
Rising health concerns Tuna has low glycaemic index (GI) value, is a rich source of various vitamins and minerals, and is known for its low mercury content, which support its adoption among health conscious individuals.
Changing lifestyle The busy and sedentary lifestyle of modern consumers makes canned tuna's convenience and long shelf life a great option.
Government subsidies and eco-certification aids Government subsidies play a major role in supporting the tuna market by reducing expenses and increasing overall output.

Global Canned Tuna Market Trends

World's tuna harvest is transitioning from commercial to sustainable fishing, with about 30% of the catch certified to the MSC Standard in 2021. Fisheries improvement projects (FIPs), which aim to move fisheries towards sustainability, account for over 20% of the world's tuna harvest. According to MSC data, sales of its branded tuna products containing tuna sourced from MSC-certified fisheries increased by about 100,000 tonnes in 2020–21. The American market witnessed the largest gain, at around 83%, followed by Europe with 52%.

There is a shift in consumer behaviour towards canned tuna in place of fresh tuna. This shift can be attributed to factors such as busy lifestyles, convenience, extended shelf life, and economic considerations influencing purchasing decisions.

Global Canned Tuna Market

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Global Canned Tuna Market Segmentation

“Global Canned Tuna Industry Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:

Market Breakup Categories
Product Skipjack, Yellowfin, Others
Distribution Channel Hypermarkets and Supermarkets, Speciality Stores, Online, Others
Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa

By product, skipjack tuna accounts for the majority of the canned tuna market share

About 70% of the canned tuna in the US is constituted by skipjack. Skipjack tuna is an oily, saltwater fish. Skipjack tuna has essential fatty acids, protein, minerals, and fat-soluble vitamins like vitamins A, E, and D. In 2021, the provisional catches of skipjack accounted for about 2,789 KMT on a global scale. In North America, skipjack tuna stands out as the predominant species offered in cans, commonly marketed as chunk light or light tuna.

About 25% of the canned tuna imported into Europe is constituted by yellowfin and other tuna species, such as albacore and bigeye. Yellowfin tuna, majorly found in the subtropical and tropical regions of Atlantic, Pacific and Indian oceans, constitute for about 30% of the total harvest of all tuna species globally. In 2021, the catches of yellowfin tuna amounted to 1,545 KMT globally.

Hypermarkets and supermarkets are the leading distribution channels in the canned tuna market

Strong promotional support helps supermarkets offer a range of seafood products, including affordable canned tuna products. A rising demand for sustainability is compelling retailers to sell canned tuna that is pole-and-line caught and MSC certified, transitioning away from tuna caught using drifting fish aggregating devices (FADs) that catch tuna juveniles before they have had the chance to breed. Major supermarkets such as the Co-op, Waitrose, Sainsbury’s, Marks and Spencer, and Morrisons sell tuna that is sourced without using FADs.

Speciality and grocery stores such as Whole Foods Market and MOM’S Organic Market follow sustainable seafood policies, covering canned tuna products. FishWise, a nonprofit sustainable seafood consultancy works with Aldi, Albertsons, and Hy-Vee to help them procure more sustainable seafood. Also, online channels such as Amazon, Walmart Inc., and Kosher Foods provide a variety and quick doorstep delivery of canned tuna.

Competitive Landscape

The market players are adopting sustainable fishing practices and methods, focusing on equitable labour conditions and traceability to strengthen their market position and increase their revenue

Company Founded Headquarters Services
American Tuna, Inc. 2004 United States Provides albacore tuna, skipjack tuna, and wild salmon.
Thai Union Group Public Company Limited 1977 Thailand Provides a wide range of marine food products under the brands Genova, Chicken of the Sea®and Chicken of the Sea Frozen Foods, Petit Navire, among others.
Bumble Bee Foods, LLC 1899 United States Provides canned tuna, shrimp, crab, salmon, among others.
Century Pacific Food Inc. 1978 Philippines Offers tuna meals including Century Tuna, 555 Tuna, Blue Bay Tuna, Fresca Tuna, along with other products such as marine meat, milk and mixes, and coconut plant-based products.

Other notable players operating in the canned tuna market include Bolton Group, Golden Prize Canning Co., Ltd., Frinsa Del Noroeste S.A., KSD Interfoods Vietnam CO., LTD, StarKist Co., Foodtech JSC, and Conservas Ortiz S.A., among others. The manufacturers are upgrading their product portfolios and incorporating the latest capabilities to innovate their offerings and meet the evolving demands of consumers.

Global Canned Tuna Market

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Global Canned Tuna Market Analysis by Region

Tuna is the most consumed fish product in the European Union. Spain is one of the leading producers of canned tuna fish. The country has a geographical advantage; its presence in the Iberian peninsula supports a diverse marine life, including tuna fishes. Skipjack tuna represented the second largest category for the top-produced species in the country in 2020.

Tuna ranked the top in the seafood species consumed in metropolitan France in 2020. France traditionally imports canned tuna from African countries, making it the fourth-largest European importer of canned tuna from non-EU suppliers. About 53% of canned products accounted for Tuna (excluding tuna salads) amongst all fisheries and aquaculture species consumed in French households.

In North America canned tuna market, skipjack is commonly marketed as chunk light or light tuna while yellowfin tuna is marketed as Ahi canned tuna. In the United States, canned tuna is the second-most popular seafood product. Canned tuna enjoys significant popularity in the United States as it is a less expensive and healthy form of protein. About 70% of canned tuna in the United States is composed of skipjack tuna.

Latin America is witnessing an increasing consumption of fish including canned tuna as a healthy alternative to the region’s high red meat intake. Ecuador and Costa Rica have an annual canned tuna consumption of more than 2 kilograms. Over the forecast period, the Asia Pacific is expected to witness a rise in consumption of canned tuna products, emerging as the fastest growing market during 2024-2032.

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Product
  • Distribution Channel
  • Region
Breakup by Product
  • Skipjack
  • Yellowfin
  • Others
Breakup by Distribution Channel
  • Hypermarket and Supermarket
  • Specialty Stores
  • Online
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • American Tuna, Inc.
  • Thai Union Group Public Company Limited
  • Bumble Bee Foods, LLC
  • Century Pacific Food Inc.
  • Balton Group
  • Golden Prize Canning Co., Ltd
  • Frinsa Del Noroeste S.A.
  • KSD Interfoods Vietnam CO., LTD
  • StarKist Co.
  • Foodtech JSC
  • Conservas Ortiz S.A.
  • Others

Canned Tuna Market Report Snapshots

Canned Tuna Market Size

Canned Tuna Market Trends

Canned Tuna Market Regional Analysis

Canned Tuna Companies

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

In 2023, the global market canned tuna attained a value of approximately USD 23.68 billion.

The market is estimated to grow at a CAGR of 3.91% between 2024 and 2032.

The market for canned tuna is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of around USD 32.94 billion by 2032.

The major drivers of the market include the thriving food and beverage industry, rising disposable incomes, increasing population, and rapid development of supermarkets and convenience stores.

The key canned tuna market trends include growing preference towards consuming canned seafood owing to the longer shelf-life, rising popularity of various recipes that use canned tuna, and high nutritional value of tuna.

The major canned tuna markets are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The significant products in the market for canned tuna include skipjack, and yellowfin, among others.

The various distribution channels of canned tuna are hypermarkets and supermarkets, speciality stores, online, and others.

The major market players are American Tuna, Inc., Thai Union Group Public Company Limited, Bumble Bee Foods, LLC, Century Pacific Food Inc., Bolton Group, Golden Prize Canning Co., Ltd., Frinsa Del Noroeste S.A., KSD Interfoods Vietnam CO., LTD, StarKist Co., Foodtech JSC, and Conservas Ortiz S.A., among others.

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40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.

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