Reports
Global Tuna Market Size, Share, Trends, Analysis, Forecast: By Species: Skipjack, Yellowfin, Albacore, Bigeye, Bluefin, Others; By Product Type: Canned, Frozen, Fresh; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Competitive Landscape; 2024-2032
Global Tuna Market Outlook
The global tuna market size reached a value of USD 63.91 billion in 2023. The market is further expected to grow at a CAGR of about 4.9% in the forecast period of 2024 and 2032 to reach a value of about USD 98.29 billion by 2032.
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.
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Market Segmentation
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
- Frinsa del Noroeste S.A.
- Bumble Bee Foods, LLC
- Clover Leaf Seafoods Corp.
- Others
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.
| 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- Species, Product Type, Production by Region, Consumption by Region |
| Breakup by Species | Skipjack, Yellowfin, Albacore, Bigeye, Bluefin, Others |
| Breakup by Product Type | Canned, Frozen, Fresh |
| Breakup Production by Region | Japan, Indonesia, Philippines, Taiwan P.C., Republic of Korea, Spain, Others |
| Breakup Consumption by Region | Japan, United States, China, Taiwan P.C., Republic of Korea, European Union, Others |
| 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 |
| Price Analysis | Historical and Forecast Price Trends- Regional |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | American Tuna, Thai Union Group PCL., Wild Planet, 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. |
*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 Tuna Market Analysis
8.1 Key Industry Highlights
8.2 Global Tuna Historical Market (2018-2023)
8.3 Global Tuna Market Forecast (2024-2032)
8.4 Global Tuna Market by Species
8.4.1 Skipjack
8.4.1.2 Historical Trend (2018-2023)
8.4.1.3 Forecast Trend (2024-2032)
8.4.2 Yellowfin
8.4.2.2 Historical Trend (2018-2023)
8.4.2.3 Forecast Trend (2024-2032)
8.4.3 Albacore
8.4.3.2 Historical Trend (2018-2023)
8.4.3.3 Forecast Trend (2024-2032)
8.4.4 Bigeye
8.4.4.2 Historical Trend (2018-2023)
8.4.4.3 Forecast Trend (2024-2032)
8.4.5 Bluefin
8.4.5.2 Historical Trend (2018-2023)
8.4.5.3 Forecast Trend (2024-2032)
8.4.6 Others
8.5 Global Tuna Market by Product Type
8.5.1 Canned
8.5.1.2 Historical Trend (2018-2023)
8.5.1.3 Forecast Trend (2024-2032)
8.5.2 Frozen
8.5.2.2 Historical Trend (2018-2023)
8.5.2.3 Forecast Trend (2024-2032)
8.5.3 Fresh
8.5.3.2 Historical Trend (2018-2023)
8.5.3.3 Forecast Trend (2024-2032)
8.6 Global Tuna Production by Region
8.6.1 Japan
8.6.2 Indonesia
8.6.3 Philippines
8.6.4 Taiwan P.C.
8.6.5 Republic of Korea
8.6.6 Spain
8.6.7 Others
8.7 Global Tuna Consumption by Region
8.7.1 Japan
8.7.2 United States
8.7.3 China
8.7.4 Taiwan P.C.
8.7.5 Republic of Korea
8.7.6 European Union
8.7.7 Others
9 Regional Analysis
9.1 Regional Production Analysis
9.1.1 Japan
9.1.1.1 Historical Trend (2018-2023)
9.1.1.2 Forecast Trend (2024-2032)
9.1.2 Indonesia
9.1.2.1 Historical Trend (2018-2023)
9.1.2.2 Forecast Trend (2024-2032)
9.1.3 Philippines
9.1.3.1 Historical Trend (2018-2023)
9.1.3.2 Forecast Trend (2024-2032)
9.1.4 Taiwan P.C.
9.1.4.1 Historical Trend (2018-2023)
9.1.4.2 Forecast Trend (2024-2032)
9.1.5 Republic of Korea
9.1.5.1 Historical Trend (2018-2023)
9.1.5.2 Forecast Trend (2024-2032)
9.1.6 Spain
9.1.6.1 Historical Trend (2018-2023)
9.1.6.2 Forecast Trend (2024-2032)
9.2 Regional Consumption Analysis
9.2.1 Japan
9.2.1.1 Historical Trend (2018-2023)
9.2.1.2 Forecast Trend (2024-2032)
9.2.2 United States
9.2.2.1 Historical Trend (2018-2023)
9.2.2.2 Forecast Trend (2024-2032)
9.2.3 China
9.2.3.1 Historical Trend (2018-2023)
9.2.3.2 Forecast Trend (2024-2032)
9.2.4 Taiwan P.C.
9.2.4.1 Historical Trend (2018-2023)
9.2.4.2 Forecast Trend (2024-2032)
9.2.5 Republic of Korea
9.2.5.1 Historical Trend (2018-2023)
9.2.5.2 Forecast Trend (2024-2032)
9.2.6 European Union
9.2.6.1 Historical Trend (2018-2023)
9.2.6.2 Forecast Trend (2024-2032)
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 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Price Analysis
12.1 Skipjack Historical Price Trends (2018-2023) and Forecast (2024-2032)
12.2 Yellowfin Historical Price Trends (2018-2023) and Forecast (2024-2032)
12.3 Albacore Historical Price Trends (2018-2023) and Forecast (2024-2032)
12.4 Bigeye Historical Price Trends (2018-2023) and Forecast (2024-2032)
12.5 Bluefin Historical Price Trends (2018-2023) and Forecast (2024-2032)
13 Tuna Processing
13.1 Manufacturing Process
13.2 Operations Involved
13.3 Mass Balance and Raw Material Requirements
14 Project Details, Requirements and Cost Analysis
14.1 Land, Location and Site Development
14.2 Construction
14.3 Plant Machinery
14.4 Raw Material Requirement and Expenditure
14.5 Manpower Requirement and Expenditure
14.6 Other Capital Investment
15 Loans and Financial Assistance
16 Project Economics
16.1 Capital Cost of Project
16.2 Techno-Economic Parameters
16.3 Tuna Processing Cost Breakup
16.4 Taxation and Depreciation
16.5 Income Projections
16.6 Expenditure Projections
16.7 Financial Analysis
16.8 Profit Analysis
17 Competitive Landscape
17.1 Market Structures
17.2 Company Profiles
17.2.1 American Tuna
17.2.1.1 Company Overview
17.2.1.2 Product Portfolio
17.2.1.3 Demographic Reach and Achievements
17.2.1.4 Certifications
17.2.2 Thai Union Group PCL.
17.2.2.1 Company Overview
17.2.2.2 Product Portfolio
17.2.2.3 Demographic Reach and Achievements
17.2.2.4 Certifications
17.2.3 Wild Planet
17.2.3.1 Company Overview
17.2.3.2 Product Portfolio
17.2.3.3 Demographic Reach and Achievements
17.2.3.4 Certifications
17.2.4 Frinsa del Noroeste S.A.
17.2.4.1 Company Overview
17.2.4.2 Product Portfolio
17.2.4.3 Demographic Reach and Achievements
17.2.4.4 Certifications
17.2.5 Bumble Bee Foods, LLC
17.2.5.1 Company Overview
17.2.5.2 Product Portfolio
17.2.5.3 Demographic Reach and Achievements
17.2.5.4 Certifications
17.2.6 Clover Leaf Seafoods Corp
17.2.3.1 Company Overview
17.2.3.2 Product Portfolio
17.2.3.3 Demographic Reach and Achievements
17.2.3.4 Certifications
17.2.4 Others
18 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Tuna Market: Key Industry Highlights, 2018 and 2032
2. Global Tuna Historical Market: Breakup by Species (USD Billion), 2018-2023
3. Global Tuna Market Forecast: Breakup by Species (USD Billion), 2024-2032
4. Global Tuna Historical Market: Breakup by Product Type (USD Billion), 2018-2023
5. Global Tuna Market Forecast: Breakup by Product Type (USD Billion), 2024-2032
6. Global Tuna Historical Production: Breakup by Region (USD Billion), 2018-2023
7. Global Tuna Production Forecast: Breakup by Region (USD Billion), 2024-2032
8. Global Tuna Historical Consumption: Breakup by Region (USD Billion), 2018-2023
9. Global Tuna Consumption Forecast: Breakup by Region (USD Billion), 2024-2032
10. Skipjack Historical Price Trends and Forecast 2018-2028
11. Yellowfin Historical Price Trends and Forecast 2018-2028
12. Albacore Historical Price Trends and Forecast 2018-2028
13. Bigeye Historical Price Trends and Forecast 2018-2028
14. Bluefin Historical Price Trends and Forecast 2018-2028
15. Global Tuna Market Structure
Key Questions Answered in the Report
The global tuna market reached a value of USD 63.91 billion in 2023.
The market is projected to grow at a CAGR of nearly 4.9% in the forecast period of 2024-2032.
The market is estimated to reach a value of about USD 98.29 billion by 2032.
The rising demand for canned tuna among the working population, rapid urbanisation, and the growing awareness regarding the health benefits of tuna are driving the market growth.
The key trends guiding the market include the globalisation of cuisines, the growing popularity of frozen and canned tuna owing to their shelf stability, and the rising availability of different types of tuna in emerging markets.
Japan, Indonesia, the Philippines, Taiwan P.C., the Republic of Korea, and Spain, among others, are the major tuna producing regions.
Japan, the United States, China, Taiwan P.C., the Republic of Korea, and the European Union are the major tuna consuming regions considered in the market report.
Skipjack, yellowfin, albacore, bigeye, and bluefin, among others, are the major species of tuna considered in the market report.
The significant product types of tuna are canned, frozen, and fresh.
The key market players include American Tuna, Thai Union Group PCL., Wild Planet, Frinsa del Noroeste S.A., Bumble Bee Foods, LLC, and Clover Leaf Seafoods Corp, among others.
Analyst Review
The global tuna market attained a value of USD 63.91 billion in 2023, 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 2024-2032, growing at a CAGR of 4.9%. The industry is projected to reach USD 98.29 billion by 2032.
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., Wild Planet, Frinsa del Noroeste S.A., Bumble Bee Foods, LLC, and Clover Leaf Seafoods Corp, 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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