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Canned Tuna Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2023, the global market canned tuna attained a value of approximately USD 23.68 billion.
The market is estimated to grow at a CAGR of 3.91% between 2024 and 2032.
The market for canned tuna is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of around USD 32.94 billion by 2032.
The major drivers of the market include the thriving food and beverage industry, rising disposable incomes, increasing population, and rapid development of supermarkets and convenience stores.
The key canned tuna market trends include growing preference towards consuming canned seafood owing to the longer shelf-life, rising popularity of various recipes that use canned tuna, and high nutritional value of tuna.
The major canned tuna markets are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The significant products in the market for canned tuna include skipjack, and yellowfin, among others.
The various distribution channels of canned tuna are hypermarkets and supermarkets, speciality stores, online, and others.
The major market players are American Tuna, Inc., Thai Union Group Public Company Limited, Bumble Bee Foods, LLC, Century Pacific Food Inc., Bolton Group, Golden Prize Canning Co., Ltd., Frinsa Del Noroeste S.A., KSD Interfoods Vietnam CO., LTD, StarKist Co., Foodtech JSC, and Conservas Ortiz S.A., among others.
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