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The market size for canned tuna in Central America reached a value of more than USD 447 million in 2021. The Central America canned tuna market is expected to grow at a CAGR of 5.40% between 2023 and 2028, reaching a value of USD 612.85 million by 2027.
Tuna is a type of fish which is large and a popular type of seafood typically found in warm seas. When tuna is processed and sealed in airtight cans or any other containers, it is termed as canned tuna. It is considered rich in protein with presence of vitamins and minerals such as vitamin A, vitamin D, iron, and phosphorous, increasing its nutritional profile and popularity.
Based on product, the market can be divided into skipjack, and yellowfin, among others. On the basis of distribution channels, the market is segmented into hypermarket and supermarket, specialty stores, and online, among others. By country, the market is categorised into Costa Rica, El Salvador, Guatemala, and Panama, among other countries.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the Central America canned tuna market covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
Skipjack tuna is forecasted to account for a leading share in the Central America canned tuna market because of its increasing demand and popularity. Skipjack tuna, also termed as light tuna, is preferred for its strong flavour and more fishy taste over yellowfin and other varieties of canned tuna. Yellowfin tuna is also often avoided because of the risk of presence of high content of mercury in it. The market for yellowfin canned tuna is also expected to grow but at a slower rate owing to the lower demand.
Supermarkets and hypermarkets have attained a dominating share in the Central America canned tuna market owing to the prominence of retail stores including supermarkets and hypermarkets in the Central America region and preference of consumers to shop in-store. Increasing disposable incomes, rising awareness regarding the nutritional benefits of canned tuna, and impulse shopping will act as major factors keeping the hypermarkets and supermarkets as a distribution channel in the market. However, online shopping is becoming a growing trend and might observe a rise in the forecast period.
Dongwon Group is a South Korean fishing company that was established in 1969. It is headquartered in Seoul, South Korea. It provides premium quality seafood products contributing to the overall developments of the seafood culture.
Bolton Group founded in 1949 is based out of Milan, Italy. It is a multinational goods company that manufactures and provides products related to homecare, adhesives, personal care, food, and beauty.
Bumble Bee Foods, LLC was founded in 1899 and has its headquarters in California, United States. It is a company that produces and supplies seafoods such as tuna and salmon and chicken.
Other market players include Grupo Calvo, Camil Alimentos S/A, Grupo Herdez, JEALSA, and Tri Marine Group, among others.
|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 Channels||
|Breakup by Region||
|Trade Data Analysis||
*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.
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 Market Players
4 Key Assumptions
5 Executive Summary
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Industry Opportunities and Challenges
8 Central America Canned Tuna Market Analysis
8.1 Key Industry Highlights
8.2 Central America Canned Tuna Historical Production (2018-2022)
8.3 Central America Canned Tuna Production Forecast (2023-2028)
8.4 Central America Canned Tuna Historical Consumption (2018-2022)
8.5 Central America Canned Tuna Consumption Forecast (2023-2028)
8.6 Central America Canned Tuna Market by Product
126.96.36.199 Market Share
188.8.131.52 Historical Trend (2018-2022)
184.108.40.206 Forecast Trend (2023-2028)
220.127.116.11 Market Share
18.104.22.168 Historical Trend (2018-2022)
22.214.171.124 Forecast Trend (2023-2028)
8.7 Central America Canned Tuna Market by Distribution Channels
8.7.1 Hypermarket and Supermarket
126.96.36.199 Market Share
188.8.131.52 Historical Trend (2018-2022)
184.108.40.206 Forecast Trend (2023-2028)
8.7.2 Specialty Stores
220.127.116.11 Market Share
18.104.22.168 Historical Trend (2018-2022)
22.214.171.124 Forecast Trend (2023-2028)
126.96.36.199 Market Share
188.8.131.52 Historical Trend (2018-2022)
184.108.40.206 Forecast Trend (2023-2028)
8.8 Central America Canned Tuna Market by Country
8.8.1 Market Share
220.127.116.11 Costa Rica
18.104.22.168 El Salvador
9 Regional Analysis
9.1 Costa Rica
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.1.3 Per Capita Consumption
9.2 El Salvador
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.2.3 Per Capita Consumption
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
9.3.3 Per Capita Consumption
9.4.1 Historical Trend (2018-2022)
9.4.2 Forecast Trend (2023-2028)
9.4.3 Per Capita Consumption
10 Market Dynamics
10.1 SWOT Analysis
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyers Powers
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
11 Trade Data Analysis (HS Code – 160414)
11.1 Major Exporting Countries
11.1.1 By Value
11.1.2 By Volume
11.2 Major Importing Countries
11.2.1 By Value
11.2.2 By Volume
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 Dongwon Group
22.214.171.124 Company Overview
126.96.36.199 Product Portfolio
188.8.131.52 Demographic Reach and Achievements
12.2.2 Bolton Group
184.108.40.206 Company Overview
220.127.116.11 Product Portfolio
18.104.22.168 Demographic Reach and Achievements
12.2.3 Bumble Bee Foods, LLC
22.214.171.124 Company Overview
126.96.36.199 Product Portfolio
188.8.131.52 Demographic Reach and Achievements
12.2.4 Grupo Calvo
184.108.40.206 Company Overview
220.127.116.11 Product Portfolio
18.104.22.168 Demographic Reach and Achievements
12.2.5 Camil Alimentos S/A
22.214.171.124 Company Overview
126.96.36.199 Product Portfolio
188.8.131.52 Demographic Reach and Achievements
12.2.6 Grupo Herdez
184.108.40.206 Company Overview
220.127.116.11 Product Portfolio
18.104.22.168 Demographic Reach and Achievements
22.214.171.124 Company Overview
126.96.36.199 Product Portfolio
188.8.131.52 Demographic Reach and Achievements
12.2.8 Tri Marine Group
184.108.40.206 Company Overview
220.127.116.11 Product Portfolio
18.104.22.168 Demographic Reach and Achievements
13 Key Trends and Developments in the Market
List of Figures and Tables
1. Central America Canned Tuna Market: Key Industry Highlights, 2018 and 2028
2. Central America Canned Tuna Historical Market: Breakup by Product (USD Million), 2018-2022
3. Central America Canned Tuna Market Forecast: Breakup by Product (USD Million), 2023-2028
4. Central America Canned Tuna Historical Market: Breakup by Distribution Channels (USD Million), 2018-2022
5. Central America Canned Tuna Market Forecast: Breakup by Distribution Channels (USD Million), 2023-2028
6. Central America Canned Tuna Historical Market: Breakup by Country (USD Million), 2018-2022
7. Central America Canned Tuna Market Forecast: Breakup by Country (USD Million), 2023-2028
8. Major Exporting Countries by Value
9. Major Importing Countries by Value
10. Major Exporting Countries by Volume
11. Major Importing Countries by Volume
12. Central America Canned Tuna Market Structure
The market size for canned tuna in Central America reached a value of more than USD 447 million in 2021.
The market is expected to grow at a CAGR of 5.40% between 2023 and 2028.
The market size for canned tuna in Central America is expected to reach a value of more than USD 612.85 million by 2027.
The major market drivers are increase in consumption of canned tuna, demand for convenience foods, and easy availability.
The key trends of the market are cost-effective protein sources, changes in taste and preference, and e-commerce availability.
Key market players include Dongwon Group, Bolton Group, Bumble Bee Foods, LLC, Grupo Calvo, Camil Alimentos S/A, Grupo Herdez, JEALSA, Tri Marine Group.
Tuna is a type of fish which is large and typically found in warm seas that is consumed as seafood.
When tuna is processed and sealed in airtight cans or other containers then it is termed as canned tuna.
The Central America canned tuna market is segmented based on product, distribution channel, and country.
Tuna is considered rich in proteins with presence of vitamins and minerals such as vitamin A, vitamin D, iron, and phosphorous making it a healthy food.
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