Press Release
Press Release
According to a new report by EMR titled, ‘The Global Tuna Market Report and Forecast 2024-2032’, the market attained a value of nearly USD 63.91 billion in 2023. The market is estimated to grow at a CAGR of 4.9% between 2024 and 2032 to reach USD 98.29 billion by 2032.
The global tuna market growth is driven by the increasing demand for seafood and the globalisation of traditional and culinary dishes. The market is experiencing significant growth, propelled by a rising global demand for healthy protein sources. This trend is driven by consumer preferences for lean proteins and omega-3 fatty acids, which are particularly sought after. Additionally, the market expansion is attributed to increasing disposable incomes and evolving dietary habits in both developed and emerging economies.
Fig: Marine Capture Production by Country, 2020 (Live Weight, MMT)
Fresh tuna is highly valued for its flavour and texture, especially in popular seafood-focused cuisines like Japanese. Varieties such as Yellowfin, Bigeye, and Bluefin are prized for sushi and sashimi. Availability varies by season and region. Frozen tuna is expected to see increased demand in retail and food service for its preservation benefits. Tuna is sold in various forms like steaks, fillets, and sashimi-grade blocks.
Meanwhile, canned tuna, known for its convenience and versatility, is the most popular form of tuna worldwide. It comes in various types like light tuna (mainly Skipjack), white tuna (Albacore), and sometimes Yellowfin, packed in water, oil, or sauces. Canned tuna is a household staple used in a range of dishes like sandwiches, salads, and casseroles.
The market growth is fueled by the rising demand for canned tuna, driven by busy lifestyles favoring ready-to-eat options. Europe is the primary consumer, while Middle Eastern nations like Saudi Arabia, Israel, and Egypt are seeing substantial growth due to lower import tariffs. Canned tuna's extended shelf life contributes significantly to its popularity and demand.
Tuna, offers vital nutrients such as iron, niacin, potassium, proteins, omega-3 fatty acids, and vitamins A, B6, and B12. It supports strength, immune health, and muscle function, while aiding in blood pressure regulation, cancer prevention, and weight management. The high nutrition content, widespread availability, and adaptability of canned tuna products are driving the growth of the market.
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The major players in the global tuna market are American Tuna, Thai Union Group PCL., Wild Planet, Frinsa del Noroeste S.A., Bumble Bee Foods, LLC, and Clover Leaf Seafoods Corp, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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:
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Breakup by Species |
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Breakup by Product Type |
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Breakup by Tuna Producing Regions |
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Breakup by Tuna Consuming Regions |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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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. |
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