Sale

Tuna Market

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.

 

Tuna Market

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

 

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.

 

Key Highlights of the Report

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 by Region
  • Japan
  • Indonesia
  • Philippines
  • Taiwan P.C.
  • Republic of Korea
  • Spain
  • United States
  • China
  • European Union
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
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
  • Frinsa del Noroeste S.A.
  • Bumble Bee Foods, LLC
  • Clover Leaf Seafoods Corp.
  • 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
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Yellowfin
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
        8.4.3    Albacore
            8.4.3.1    Historical Trend (2018-2023)
            8.4.3.2    Forecast Trend (2024-2032)
        8.4.4    Bigeye
            8.4.4.1    Historical Trend (2018-2023)
            8.4.4.2    Forecast Trend (2024-2032)
        8.4.5    Bluefin
            8.4.5.1    Historical Trend (2018-2023)
            8.4.5.2    Forecast Trend (2024-2032)
        8.4.6    Others
    8.5    Global Tuna Market by Product Type
        8.5.1    Canned
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Frozen
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
        8.5.3    Fresh
            8.5.3.1    Historical Trend (2018-2023)
            8.5.3.2    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
            17.2.6.1    Company Overview
            17.2.6.2    Product Portfolio
            17.2.6.3    Demographic Reach and Achievements
            17.2.6.4    Certifications
        17.2.7    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 2018-2032
11.    Yellowfin Historical Price Trends and Forecast 2018-2032
12.    Albacore Historical Price Trends and Forecast 2018-2032
13.    Bigeye Historical Price Trends and Forecast 2018-2032
14.    Bluefin Historical Price Trends and Forecast 2018-2032
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.  

Purchase Full Report

Mini Report

$ 2199     $1999
  • 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

$ 3299     $2999
  • All Sections, One User
  • One Print Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update
most popular

Five User License

$ 4399     $3999
  • 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

$ 5499     $4999
  • 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.

NEWSLETTER