Reports
Global Canned Tuna Market Size, Share, Trends, Forecast: By Product: Skipjack, Yellowfin, Others; By Distribution Channel: Hypermarket and Supermarket, Specialty Stores, Online; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand; Competitive Landscape; 2024-2032
Global Canned Tuna Market Outlook
The global canned tuna market size attained a value of approximately USD 41.09 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 4.8%, reaching a value of around USD 62.94 billion by 2032.
The canned tuna market is projected to be heavily impacted by shifting consumer preferences towards seafood in diverse cuisines due to abundance of essential proteins, vitamins, and minerals. The market is also being driven by the convenience and economic benefit that canned tuna offers. Due to its delicious flavour, nutritional value, and lower carbon footprint compared to other meat products, seafood consumption has been rising dramatically over the past several years all over the world. Canned tuna offers increased convenience and can be prepared in a variety of ways to suit different consumer preferences. Rising popularity of various recipes made with canned tuna are anticipated to bolster the demand for the market in the coming years.
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Nutritional Value, Long Shelf-Life, and Low-Cost to Drive the Canned Tuna Market Growth
Tuna is a low glycaemic index (GI) food and a good source of selenium, Vitamin B3 (niacin), Vitamin B12, Vitamin B6, protein, phosphorus, Vitamin D and potassium. It also carries magnesium, choline, Vitamin B1 (thiamine), Vitamin B2 (riboflavin) and iodine. Tuna is high in protein and low in fat. Seven species of tuna possess global commercial significance: albacore (Thunnus alalunga), bigeye (Thunnus obesus), skipjack (Katsuwonus pelamis), yellowfin (Thunnus albacares) and three species of bluefin tuna [Atlantic bluefin (Thunnus thynnus), Southern bluefin (Thunnus maccoyii) and the Pacific bluefin (Thunnus orientalis)].
Canned tuna is the world's third most popular seafood. Tuna consumption per capita in the EU is estimated to be over 3 kg, accounting for over 12% of total fish consumption. The majority of canned tuna imported by the EU is skipjack tuna. However, due to its rich flavour and superb texture, yellowfin tuna (YFT) is gaining popularity among consumers. As a result, yellowfin tuna's share in the canned tuna market is predicted to drive category growth during the forecast period. Consumption of low-cost and shelf-stable canned tuna has increased globally and stimulated international trade. Household demand for canned tuna remained robust across small and large markets globally.
Global Canned Tuna Market Segmentation
Canned tuna refers to the preserved version of the tuna fish that is sealed into airtight containers thereby extending its shelf life. Tuna is a fish of the mackerel family that is generally found in warm seas and is a popular seafood.
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By product, the market is classified into:
- Skipjack
- Yellowfin
- Others
By distribution channel, the market is segmented into:
- Hypermarket and Supermarket
- Specialty Stores
- Online
By region, the market is categorised into:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Global Canned Tuna Market Share by Region
Tuna is a popular seafood and considered one of the five top seafood species consumed across the globe. It is amongst the most economically valued fish globally. The European Union and the United States are the largest consumers of canned tuna while Japan is the largest consumer of Sashimi grade tuna. Thailand, Indonesia, Philippines, and Vietnam are major exporters of processed canned tuna. Key importer nations of tuna are the United States, Italy, Spain, France, the United Kingdom, Germany, Japan, Australia, the Netherlands, and Saudi Arabia.
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The encouraging global consumption pattern for canned tuna are promoting the demand for raw tuna and semi-processed cooked loins in the canned tuna market from canners in Southeast Asia and Europe. Exports have increased from Thailand, Ecuador, China, and Spain with Thailand largely exporting ready-to-eat products. Supplies to the United States and EU increased significantly with a majority of Ecuador’s processed tuna being supplied to the EU.
Strong demand for canned tuna also persisted in the Middle East and North Africa regions. Canned tuna imports increased in Japan, Singapore, Malaysia, and Taiwan while Australia, New Zealand and other small island nations witness moderate demand for canned black meat of tuna. There is also a rise in demand for frozen raw materials from the Asia Pacific and Europe to meet increasing demand. The market is dependent upon fishing logistics, raw material, and catches in key oceans.
Key Players in the Global Canned Tuna Market
The report presents a detailed analysis of the following key players in the market, looking into their capacity, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- American Tuna
- Thai Union Group PCL
- Bumble Bee Foods LLC
- Century Pacific Food Inc.
- Wild Planet Foods Inc.
- Hayati Group Co., Ltd
- Golden Prize Canning Co., Ltd
- Frinsa del Noroeste SA
- KSD Interfoods Vietnam Co., Ltd
- StarKist Co.
- Foodtech JSC
- Conservas Ortiz S.A.
- Others
The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
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:
|
| Breakup by Product |
|
| Breakup by Distribution Channel |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Canned Tuna Market Analysis
8.1 Key Industry Highlights
8.2 Global Canned Tuna Historical Market (2018-2023)
8.3 Global Canned Tuna Market Forecast (2024-2032)
8.4 Global Canned Tuna Market by Product
8.4.1 Skipjack
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Yellowfin
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Others
8.5 Global Canned Tuna Market by Distribution Channel
8.5.1 Hypermarket and Supermarket
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Specialty Stores
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Online
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.6 Global Canned Tuna Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Canned Tuna Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Canned Tuna Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Canned Tuna Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Canned Tuna Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Canned Tuna Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 American Tuna
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Thai Union Group PCL
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Bumble Bee Foods LLC
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Century Pacific Food Inc.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Wild Planet Foods Inc.
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Hayati Group Co., Ltd
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Golden Prize Canning Co., Ltd
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Frinsa del Noroeste SA
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 KSD Interfoods Vietnam Co., Ltd
16.2.9.1 Company Overview
16.2.9.2 Product Portfolio
16.2.9.3 Demographic Reach and Achievements
16.2.9.4 Certifications
16.2.10 StarKist Co.
16.2.10.1 Company Overview
16.2.10.2 Product Portfolio
16.2.10.3 Demographic Reach and Achievements
16.2.10.4 Certifications
16.2.11 Foodtech JSC
16.2.11.1 Company Overview
16.2.11.2 Product Portfolio
16.2.11.3 Demographic Reach and Achievements
16.2.11.4 Certifications
16.2.12 Conservas Ortiz S.A.
16.2.12.1 Company Overview
16.2.12.2 Product Portfolio
16.2.12.3 Demographic Reach and Achievements
16.2.12.4 Certifications
16.2.13 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Canned Tuna Market: Key Industry Highlights, 2018 and 2032
2. Global Canned Tuna Historical Market: Breakup by Product (USD Million), 2018-2023
3. Global Canned Tuna Market Forecast: Breakup by Product (USD Million), 2024-2032
4. Global Canned Tuna Historical Market: Breakup by Distribution Channel (USD Million), 2018-2023
5. Global Canned Tuna Market Forecast: Breakup by Distribution Channel (USD Million), 2024-2032
6. Global Canned Tuna Historical Market: Breakup by Region (USD Million), 2018-2023
7. Global Canned Tuna Market Forecast: Breakup by Region (USD Million), 2024-2032
8. North America Canned Tuna Historical Market: Breakup by Country (USD Million), 2018-2023
9. North America Canned Tuna Market Forecast: Breakup by Country (USD Million), 2024-2032
10. Europe Canned Tuna Historical Market: Breakup by Country (USD Million), 2018-2023
11. Europe Canned Tuna Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Asia Pacific Canned Tuna Historical Market: Breakup by Country (USD Million), 2018-2023
13. Asia Pacific Canned Tuna Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Latin America Canned Tuna Historical Market: Breakup by Country (USD Million), 2018-2023
15. Latin America Canned Tuna Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Middle East and Africa Canned Tuna Historical Market: Breakup by Country (USD Million), 2018-2023
17. Middle East and Africa Canned Tuna Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Global Canned Tuna Market Structure
Key Questions Answered in the Report
In 2023, the global market canned tuna attained a value of approximately USD 41.09 billion.
The market is estimated to grow at a CAGR of 4.80% 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 62.94 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 regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The significant products in the market for canned tuna include skipjack, and yellowfin, among others.
The various distribution channels of canned tuna in the market are hypermarket and supermarket, specialty stores, and online, among others.
The major players in the market, according to the report, are American Tuna, Thai Union Group PCL, Bumble Bee Foods LLC, Century Pacific Food Inc., Wild Planet Foods Inc., Hayati Group Co., Ltd, Golden Prize Canning Co., Ltd, Frinsa del Noroeste SA, KSD Interfoods Vietnam Co., Ltd, StarKist Co., Foodtech JSC, and Conservas Ortiz S.A., among others.
Analyst Review
The global canned tuna market attained a value of approximately USD 41.09 billion in 2023, driven by the growing popularity of seafood, high nutritional value of tuna, and increasing disposable incomes. Aided by the increasing inclination towards health and fitness, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 4.80%, to reach a value of around USD 62.94 billion by 2032.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the market. Based on product, the market is divided into skipjack, and yellowfin, among others. On the basis of distribution channel, the market is segmented into hypermarket and supermarket, specialty stores, and online, among others. The major regional markets for canned tuna are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include American Tuna, Thai Union Group PCL, Bumble Bee Foods LLC, Century Pacific Food Inc., Wild Planet Foods Inc., Hayati Group Co., Ltd, Golden Prize Canning Co., Ltd, Frinsa del Noroeste SA, KSD Interfoods Vietnam Co., Ltd, StarKist Co., Foodtech JSC, and Conservas Ortiz S.A., among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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