Reports

Amid Ukraine-Russia crisis, our analysts and industry experts are closely monitoring the markets and working hard to identify, gather and timely deliver analysis of the impact of the situation and the impact that it has on various markets. All our reports are updated with the latest impact on the market before being sent out to our customers.

Global Canned Tuna Market: By Product: Skipjack, Yellowfin, Others; By Distribution Channel: Hypermarket and Supermarket, Specialty Stores, Online; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; Industry Events and Developments

Global Canned Tuna Market Outlook

The global canned tuna market was estimated to be nearly USD 8.44 billion in 2021, and is expected to grow at a CAGR of 4.7% during the period 2022-2027.

 

Nutritional Value, Long Shelf-life and Low-cost Expected to Drive the Market

Tuna is a low glycemic 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.

 

Global Canned Tuna Market

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

 

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 market share is predicted to drive category growth during the period 2022-2027.

In 2020, consumption of low-cost and shelf-stable canned tuna increased globally and stimulated international trade. There was also a rise in demand for frozen raw material from Asia and Europe to meet increasing demand. Fishing logistics faced disruption owing to the COVID-19 outbreak as tuna canneries across the globe required more raw material to meet increased market demand. H2 2020 witnessed low to moderate catches in key oceans and stable raw material prices.

The encouraging global consumption pattern for canned tuna promoted demand for raw tuna and semi-processed cooked loins in 2020 from tuna canners in Southeast Asia and Europe. Tuna processors in the Philippines imported over 29% more skipjack for processing cooked loins and canned tuna in the same year.

Household demand for canned tuna remained robust across small and large markets globally, stimulating international trade in 2020. Exports grew from Thailand, Ecuador, China, and Spain. Philippines took Indonesia’s place as the fifth largest exporter in the first nine months of 2020. Thailand largely exported ready-to-eat products. Supplies to USA and EU increased significantly. A majority of Ecuador’s processed tuna was supplied to the EU. Colombia was the second largest export market for Ecuador. Ecuador exports also increased to Argentina, Chile, Uruguay, Panama, and Costa Rica, but decreased to USA. As supply of canned tuna increased to Japan and the Middle East markets, exports from the Philippines witnessed an increase.

In 2020, strong demand for canned tuna continued in EU and North and South American markets. Thailand was the key supplier to the USA. Strong demand for canned tuna also persisted in the Middle East and North Africa region. Canned tuna imports increased in Japan, Singapore, Malaysia, and Taiwan (Province of China). Australia, New Zealand and other small island nations saw moderate demand for canned black meat of tuna.

 

USA and European Union Largest Consumers of Canned Tuna

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. 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 USA, Italy, Spain, France, United Kingdom, Germany, Japan, Australia, Netherlands, and Saudi Arabia.

 

Global Canned Tuna Market Segmentation

By product, the market is classified as follows:

  • Skipjack
  • Yellowfin
  • Others

By distribution channel, the market is segmented into:

  • Hypermarket and Supermarket
  • Specialty Stores
  • Online

By region, the market is classified into:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

 

Key Industry 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.  
  • Others

The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

 

REPORT FEATURES DETAILS
Base Year 2021
Historical Period 2017-2021
Forecast Period 2022-2027
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
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered American Tuna, Thai Union Group PCL, Bumble Bee Foods LLC, Century Pacific Food Inc., Wild Planet Foods Inc., Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual 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    Industry Opportunities and Challenges
8    Global Canned Tuna Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Canned Tuna Historical Market (2017-2021) 
    8.3    Global Canned Tuna Market Forecast (2022-2027)
    8.4    Global Canned Tuna Market by Product
        8.4.1    Skipjack
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2017-2021)
            8.4.1.3    Forecast Trend (2022-2027)
        8.4.2    Yellowfin
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2017-2021)
            8.4.2.3    Forecast Trend (2022-2027)
        8.4.3    Others
    8.5    Global Canned Tuna Market by Distribution Channel
        8.5.1    Hypermarket and Supermarket
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2017-2021)
            8.5.1.3    Forecast Trend (2022-2027)
        8.5.2    Specialty Stores
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2017-2021)
            8.5.2.3    Forecast Trend (2022-2027)
        8.5.3    Online
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2017-2021)
            8.5.3.3    Forecast Trend (2022-2027)
    8.6    Global Canned Tuna Market by Region
        8.6.1    Market Share
            8.6.1.1    North America
            8.6.1.2    Europe
            8.6.1.3    Asia Pacific
            8.6.1.4    Latin America
            8.6.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2017-2021)
        9.1.2    Forecast Trend (2022-2027)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2017-2021)
        9.2.2    Forecast Trend (2022-2027)
        9.2.3    Breakup by Country 
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2017-2021)
        9.3.2    Forecast Trend (2022-2027)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2017-2021)
        9.4.2    Forecast Trend (2022-2027)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2017-2021)
        9.5.2    Forecast Trend (2022-2027)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    Key Indicators for Demand
    10.4    Key Indicators for Price
11    Value Chain Analysis 
12    Competitive Landscape

    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    American Tuna   
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    Thai Union Group PCL
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3    Bumble Bee Foods LLC
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    Century Pacific Food Inc.
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    Wild Planet Foods Inc.  
            12.2.5.1    Company Overview
            12.2.5.2    Product Portfolio
            12.2.5.3    Demographic Reach and Achievements
            12.2.5.4    Certifications
        12.2.6    Others
13    Industry Events and Developments

 

List of Key Figures and Tables

1.    Global Canned Tuna Market: Key Industry Highlights, 2017 and 2027 
2.    Global Canned Tuna Historical Market: Breakup by Product (USD Million), 2017-2021
3.    Global Canned Tuna Market Forecast: Breakup by Product (USD Million), 2022-2027
4.    Global Canned Tuna Historical Market: Breakup by Distribution Channel (USD Million), 2017-2021
5.    Global Canned Tuna Market Forecast: Breakup by Distribution Channel (USD Million), 2022-2027
6.    Global Canned Tuna Historical Market: Breakup by Region (USD Million), 2017-2021
7.    Global Canned Tuna Market Forecast: Breakup by Region (USD Million), 2022-2027
8.    North America Canned Tuna Historical Market: Breakup by Country (USD Million), 2017-2021
9.    North America Canned Tuna Market Forecast: Breakup by Country (USD Million), 2022-2027
10.    Europe Canned Tuna Historical Market: Breakup by Country (USD Million), 2017-2021
11.    Europe Canned Tuna Market Forecast: Breakup by Country (USD Million), 2022-2027
12.    Asia Pacific Canned Tuna Historical Market: Breakup by Country (USD Million), 2017-2021
13.    Asia Pacific Canned Tuna Market Forecast: Breakup by Country (USD Million), 2022-2027
14.    Latin America Canned Tuna Historical Market: Breakup by Country (USD Million), 2017-2021
15.    Latin America Canned Tuna Market Forecast: Breakup by Country (USD Million), 2022-2027
16.    Middle East and Africa Canned Tuna Historical Market: Breakup by Country (USD Million), 2017-2021
17.    Middle East and Africa Canned Tuna Market Forecast: Breakup by Country (USD Million), 2022-2027
18.    Global Canned Tuna Market Structure

Key Questions Answered in the Report

In 2021, the global canned tuna market attained a value of nearly USD 8.44 billion.

The market is estimated to grow at a CAGR of 4.7% between 2022 and 2027.

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

The growing preference towards consuming seafood owing to the longer shelf-life, and high nutritional value are expected to be a key trend guiding the growth of the industry.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

Skipjack, and yellowfin, among others are the major products included in the market report.

Hypermarket and supermarket, and specialty stores, among others are the different distribution channels based on which the market is segmented.

The major players in the industry are American Tuna, Thai Union Group PCL, Bumble Bee Foods LLC, Century Pacific Food Inc., and Wild Planet Foods Inc., among others.

Analyst Review

The global canned tuna market attained a value of USD 8.44 billion in 2021, driven by the growing popularity of seafood, high nutritional value of the product, 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 2022-2027, growing at a CAGR of 4.7%.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on product, the market is divided into skipjack, and yellowfin, among others. On the basis of distribution channel, the market is divided into hypermarket and supermarket, and specialty stores, 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., and Wild Planet Foods Inc., 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.

Purchase Full Report

Mini Report

$1499
  • Selected Sections, One User
  • Printing Not Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Single User License

$2699
  • All Sections, One User
  • One Print Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Five User License

$3699
  • All Sections, Five Users
  • Five Prints Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Corporate License

$4699
  • All Sections, Unlimited Users
  • Unlimited Prints Allowed
  • Email Delivery in PDF + Excel
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Any Question? Speak With An Analyst

Contact Analyst

View A Sample

Request Sample

Did You Miss Anything, Ask Now

Request Customisation
Why Expert Market Research?

Right People

We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.

Right Methodology

We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.

Right Price

We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.

Right Support

Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.

Similar Reports





NEWSLETTER