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Central America Canned Tuna Market Share, Size, Trends, Analysis, Growth: By Product: Skipjack, Yellowfin, Others; By Distribution Channels: Hypermarket and Supermarket, Specialty Stores, Online, Others; Regional Analysis; Market Dynamics; Trade Data Analysis; Competitive Landscape; Key Trends and Developments in the Market; 2023-2028

Central America Canned Tuna Market Outlook

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. 

 

Key Trends in the Market

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. 

 

  • Canned tuna is cost effective which enables people to consume protein in the form of canned tuna at lesser costs, ultimately increasing the demand for canned tuna and contributing to the market growth.
  • Changes in tastes and preferences of the consumers has also tilted the graph of the market towards growth. People are preferring canned tuna as it provides them with a sufficient amount of protein along with good taste.
  • Due to the processing technologies used, canned tuna has a long shelf-life and can be cooked quickly, increasing its popularity and demand amongst working professionals with limited time for grocery shopping and cooking.
  • The growing e-commerce industry is a major trend that is driving the growth of the Central America canned tuna market. With advancements in technology everything is available instantly on internet and such easy availability of canned tuna is expected to increase its demand.

 

Market Analysis

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.  

 

  • Dongwon Group
  • Bolton Group
  • Bumble Bee Foods, LLC
  • Grupo Calvo
  • Camil Alimentos S/A
  • Grupo Herdez
  • JEALSA
  • Tri Marine Group
  • Others

 

Market Share by Product

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. 

 

Market Share by Distribution Channels

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. 

 

Competitive Landscape

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.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report

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

  • Product
  • Distribution Channels
  • Region
Breakup by Product
  • Skipjack
  • Yellowfin
  • Others
Breakup by Distribution Channels
  • Hypermarket and Supermarket
  • Specialty Stores
  • Online
  • Others
Breakup by Region
  • Costa Rica
  • El Salvador
  • Guatemala
  • Panama
  • Others
Market Dynamics
  • SWOT
  • Porter's Five Forces
  • Key Indicators for Demand
  • Key Indicators for Price
Trade Data Analysis
  • Major Exporting Countries
    • By Value
    • By Volume
  • Major Importing Countries
    • By Value
    • By Volume
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Dongwon Group
  • Bolton Group
  • Bumble Bee Foods, LLC
  • Grupo Calvo
  • Camil Alimentos S/A
  • Grupo Herdez
  • JEALSA
  • Tri Marine Group
  • Others

 

*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 Market 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    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
        8.6.1    Skipjack
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2018-2022)
            8.6.1.3    Forecast Trend (2023-2028)
        8.6.2    Yellowfin
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2018-2022)
            8.6.2.3    Forecast Trend (2023-2028)
        8.6.3    Others
    8.7    Central America Canned Tuna Market by Distribution Channels
        8.7.1    Hypermarket and Supermarket
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2018-2022)
            8.7.1.3    Forecast Trend (2023-2028)
        8.7.2    Specialty Stores
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2018-2022)
            8.7.2.3    Forecast Trend (2023-2028)
        8.7.3    Online
            8.7.3.1    Market Share
            8.7.3.2    Historical Trend (2018-2022)
            8.7.3.3    Forecast Trend (2023-2028)
        8.7.4    Others
    8.8    Central America Canned Tuna Market by Country
        8.8.1    Market Share
            8.8.1.1    Costa Rica
            8.8.1.2    El Salvador
            8.8.1.3    Guatemala
            8.8.1.4    Panama
            8.8.1.5    Others
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    Guatemala
        9.3.1    Historical Trend (2018-2022)
        9.3.2    Forecast Trend (2023-2028)
        9.3.3    Per Capita Consumption
    9.4    Panama
        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
        10.1.1    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    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
            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    Bolton Group
            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    Grupo Calvo
            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    Camil Alimentos S/A
            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    Grupo Herdez
            12.2.6.1    Company Overview
            12.2.6.2    Product Portfolio
            12.2.6.3    Demographic Reach and Achievements
            12.2.6.4    Certifications
        12.2.7    JEALSA
            12.2.7.1    Company Overview
            12.2.7.2    Product Portfolio
            12.2.7.3    Demographic Reach and Achievements
            12.2.7.4    Certifications
        12.2.8    Tri Marine Group
            12.2.8.1    Company Overview
            12.2.8.2    Product Portfolio
            12.2.8.3    Demographic Reach and Achievements
            12.2.8.4    Certifications
        12.2.9    Others
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

Key Questions Answered in the Report

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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