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Global Tuna Market: By Species: Skipjack, Yellowfin, Albacore, Bigeye, Bluefin, Others; By Product Type: Canned, Frozen, Fresh; Regional Analysis; Historical Market and Forecast (2015-2025); Market Dynamics; Price Analysis; Tuna Processing; Project Economics; Competitive Landscape; Industry Events and Developments

Global Tuna Market Outlook

The global tuna market size reached a value of USD 12.2 billion in 2019. The market is further expected to grow at a CAGR of about 3% in the forecast period of 2020 and 2025 to reach a value of about USD 14.6 billion by 2025.

A major factor driving the global tuna market is the increasing demand for canned tuna. The hectic schedules of people are leading people to consume ready-to-eat food, with canned tuna being a common option. The leading consumer of canned tuna is Europe. Being some of the biggest importers of the product in the world, Middle Eastern countries like Saudi Arabia, Israel, and Egypt have witnessed a growth in their tuna markets. This is because the tariffs on imports of canned tuna in the Middle East are much lower. The shelf life of canned tuna is a further explanation for their popularity and demand. 

 

Properties and Applications

Tuna is a saltwater fish found primarily in the subtropical and temperate waters of the Black Sea, Mediterranean Sea, and the Atlantic Ocean. It is an important source of essential nutrients, including iron, niacin, potassium proteins, magnesium, fatty acids, omega-3 and A, B6, and B12. It provides strength, lowers blood pressure, boosts the immune system and muscles, prevents carcinogenicity, and reduces weight.

Based on species, the tuna market can be divided into the following:

  • Skipjack
  • Yellowfin
  • Albacore
  • Bigeye
  • Bluefin
  • Others

On the basis of product type, the tuna market can be segmented into:

  • Canned
  • Frozen
  • Fresh

The regional tuna markets can be divided into Japan, Indonesia, the Philippines, the United States, China, Taiwan P.C., the Republic of Korea, Spain, and the European Union.

 

Market Analysis

The development of the global tuna market is supported by factors like rapid urbanisation, a growing trend to test foreign cuisine and the availability of different styles of tuna, like skipjack, albacore, bigeye as well as yellowfin. The markets for canned and other frozen, ready-to-eat versions have catalysed the industry growth due to the hectic lifestyle of individuals throughout the world. The long shelf life and quick distribution of these items over longer distances have also added to the market growth. In addition, the industry's leading players have certified tuna by the Marine Stewardship Council (MSC), which, because of increasing environmental issues, have been collected and processed using sustainable methods. In conjunction with the increasing awareness of health, this phenomenon is expected to fuel the tuna market growth in the coming years.

 

Competitive Landscape

The report gives a detailed analysis of the following key players in the global tuna market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • American Tuna
  • Thai Union Group PCL. 
  • Wild Planet
  • Others

The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.

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 Tuna Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Tuna Historical Market (2015-2019) 
    8.3    Global Tuna Market Forecast (2020-2025)
    8.4    Global Tuna Market by Species
        8.4.1    Skipjack
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2015-2019)
            8.4.1.3    Forecast Trend (2020-2025)
        8.4.2    Yellowfin
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2015-2019)
            8.4.2.3    Forecast Trend (2020-2025)
        8.4.3    Albacore
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2015-2019)
            8.4.3.3    Forecast Trend (2020-2025)
        8.4.4    Bigeye
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2015-2019)
            8.4.4.3    Forecast Trend (2020-2025)
        8.4.5    Bluefin
            8.4.5.1    Market Share
            8.4.5.2    Historical Trend (2015-2019)
            8.4.5.3    Forecast Trend (2020-2025)
        8.4.6    Others
    8.5    Global Tuna Market by Product Type
        8.5.1    Canned
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2015-2019)
            8.5.1.3    Forecast Trend (2020-2025)
        8.5.2    Frozen
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2015-2019)
            8.5.2.3    Forecast Trend (2020-2025)
        8.5.3    Fresh
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2015-2019)
            8.5.3.3    Forecast Trend (2020-2025)
    8.6    Global Tuna Production by Region
        8.6.1    Market Share
            8.6.1.1    Japan
            8.6.1.2    Indonesia
            8.6.1.3    Philippines
            8.6.1.4    Taiwan P.C.
            8.6.1.5    Republic of Korea
            8.6.1.6    Spain
            8.6.1.7    Others
    8.7    Global Tuna Consumption by Region
        8.7.1    Market Share
            8.7.1.1    Japan
            8.7.1.2    United States
            8.7.1.3    China
            8.7.1.4    Taiwan P.C.
            8.7.1.5    Republic of Korea
            8.7.1.6    European Union
            8.7.1.7    Others
9    Regional Analysis
    9.1    Regional Production Analysis
        9.1.1    Japan
            9.1.1.1    Historical Trend (2015-2019)
            9.1.1.2    Forecast Trend (2020-2025)
        9.1.2    Indonesia
            9.1.2.1    Historical Trend (2015-2019)
            9.1.2.2    Forecast Trend (2020-2025)
        9.1.3    Philippines
            9.1.3.1    Historical Trend (2015-2019)
            9.1.3.2    Forecast Trend (2020-2025)
        9.1.4    Taiwan P.C.
            9.1.4.1    Historical Trend (2015-2019)
            9.1.4.2    Forecast Trend (2020-2025)
        9.1.5    Republic of Korea
            9.1.5.1    Historical Trend (2015-2019)
            9.1.5.2    Forecast Trend (2020-2025)
        9.1.6    Spain
            9.1.6.1    Historical Trend (2015-2019)
            9.1.6.2    Forecast Trend (2020-2025)
    9.2    Regional Consumption Analysis
        9.2.1    Japan
            9.2.1.1    Historical Trend (2015-2019)
            9.2.1.2    Forecast Trend (2020-2025)
        9.2.2    United States
            9.2.2.1    Historical Trend (2015-2019)
            9.2.2.2    Forecast Trend (2020-2025)
        9.2.3    China
            9.2.3.1    Historical Trend (2015-2019)
            9.2.3.2    Forecast Trend (2020-2025)
        9.2.4    Taiwan P.C.
            9.2.4.1    Historical Trend (2015-2019)
            9.2.4.2    Forecast Trend (2020-2025)
        9.2.5    Republic of Korea
            9.2.5.1    Historical Trend (2015-2019)
            9.2.5.2    Forecast Trend (2020-2025)
        9.2.6    European Union
            9.2.6.1    Historical Trend (2015-2019)
            9.2.6.2    Forecast Trend (2020-2025)
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 Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Price Analysis

    12.1    Skipjack Historical Price Trends (2015-2019) and Forecast (2020-2025)
    12.2    Yellowfin Historical Price Trends (2015-2019) and Forecast (2020-2025)
    12.3    Albacore Historical Price Trends (2015-2019) and Forecast (2020-2025)
    12.4    Bigeye Historical Price Trends (2015-2019) and Forecast (2020-2025)
    12.5    Bluefin Historical Price Trends (2015-2019) and Forecast (2020-2025)
13    Tuna Processing
    13.1     Detailed Process Flow
    13.2     Operations Involved
    13.3     Mass Balance and Raw Material Requirements
14    Project Details and Cost Analysis
    14.1    Land, Location and Site Development
    14.2    Construction
    14.3    Plant Layout
    14.4    Plant Machinery
    14.5    Raw Material Requirement
    14.6    Packaging
    14.7    Transportation
    14.8    Utilities
    14.9    Manpower
    14.10    Other Capital Investment
15    Loans and Financial Assistance
16    Project Economics

    16.1    Capital Cost of Project
    16.2    Techno-Economic Parameters
    16.3    Product Pricing and Margins
    16.4    Taxation and Depreciation
    16.5    Income Projections
    16.6    Expenditure Projections
    16.7    Financial Analysis
17    Competitive Landscape
    17.1    Market Structure
    17.2    Key Players
    17.3    Company Profiles
        17.3.1    American Tuna
            17.3.1.1    Company Overview
            17.3.1.2    Product Portfolio
            17.3.1.3    Demographic Reach and Achievements
            17.3.1.4    Certifications
        17.3.2    Thai Union Group PCL. 
            17.3.2.1    Company Overview
            17.3.2.2    Product Portfolio
            17.3.2.3    Demographic Reach and Achievements
            17.3.2.4    Certifications
        17.3.3    Wild Planet
            17.3.3.1    Company Overview
            17.3.3.2    Product Portfolio
            17.3.3.3    Demographic Reach and Achievements
            17.3.3.4    Certifications
        17.3.4    Others
18    Industry Events and Developments


List of Figures and Tables

1.    Global Tuna Market: Key Industry Highlights, 2015 and 2025
2.    Global Tuna Historical Market: Breakup by Species (USD Billion), 2015-2019
3.    Global Tuna Market Forecast: Breakup by Species (USD Billion), 2020-2025
4.    Global Tuna Historical Market: Breakup by Product Type (USD Billion), 2015-2019
5.    Global Tuna Market Forecast: Breakup by Product Type (USD Billion), 2020-2025
6.    Global Tuna Historical Production: Breakup by Region (USD Billion), 2015-2019
7.    Global Tuna Production Forecast: Breakup by Region (USD Billion), 2020-2025
8.    Global Tuna Historical Consumption: Breakup by Region (USD Billion), 2015-2019
9.    Global Tuna Consumption Forecast: Breakup by Region (USD Billion), 2020-2025
10.    Skipjack Historical Price Trends and Forecast 2015-2025
11.    Yellowfin Historical Price Trends and Forecast 2015-2025
12.    Albacore Historical Price Trends and Forecast 2015-2025
13.    Bigeye Historical Price Trends and Forecast 2015-2025
14.    Bluefin Historical Price Trends and Forecast 2015-2025
15.    Global Tuna Market Structure

Key Questions Answered in the Report

The global tuna market reached a value of USD 12.2 billion in 2019. 

The market is projected to grow at a CAGR of nearly 3% in the forecast period of 2020-2025.

The market is estimated to reach a value of about USD 14.6 billion by 2025.

The major drivers of the industry include rising disposable incomes, increasing population, rapid urbanisation, rising globalisation of cuisine, hectic lifestyles of the consumers, and the rising awareness of health among consumers.

The longer shelf life and easy distribution of these items over longer distances are expected to be the key trends guiding the growth of the industry.

Japan, Indonesia, the Philippines, the United States, China, Taiwan P.C., the Republic of Korea, Spain, and the European Union are the leading regions in the market.

Canned tuna is the dominant type of the product in the market. 

Skipjack, yellowfin, albacore, bigeye, and bluefin, among others, are the leading species of the product in the industry. 

The leading players in the market are American Tuna, Thai Union Group PCL., and Wild Planet, among others.

Analyst Review

The global tuna market attained a value of USD 12.2 billion in 2019, driven by the hectic schedules of the consumers. Aided by the increasing awareness of health, the industry is expected to witness a further growth in the forecast period of 2020-2025, growing at a CAGR of 3%. The industry is projected to reach USD 14.6 billion by 2025. 

EMR’s meticulous research methodology delves deep into the industry, covering the macro and micro aspects of the industry. Based on its species, the market can be segmented into skipjack, yellowfin, albacore, bigeye, and bluefin, among others. On the basis of type, the canned variety accounts for the largest share in the global industry. The major regional markets for the product are Japan, Indonesia, the Philippines, the United States, China, Taiwan P.C., the Republic of Korea, Spain, and the European Union. The key players in the above industry include American Tuna, Thai Union Group PCL., and Wild Planet, 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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