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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Canned Tuna Market Size
The global canned tuna market reached USD 23.68 billion in 2023. The market is estimated to grow at a CAGR of 3.91% in the forecast period of 2024-2032, reaching a value of around USD 32.94 billion by 2032.
Key Takeaways
- In 2021, 6,355 KMT of tuna was produced globally.
- Thailand and Indonesia are major exporters of processed canned tuna.
- Canned tuna is increasingly being preferred over fresh tuna due its convenience, extended shelf life, and economic benefits.
Tuna is a popular seafood and considered one of the top five seafood species consumed across the globe. Tuna is a low glycaemic index (GI) food and a good source of selenium, Vitamin B3 (niacin), Vitamin D, Omega-3 fatty acids, and certain other nutrients. Canned tuna is a versatile food option and can be used in various recipes, including salads, sandwiches, casseroles, and pasta dishes. Cultural preferences and dietary habits in different regions shape the canned tuna market. The European Union and the United States are some of the largest consumers of canned tuna globally.
Consumers’ growing emphasis on ethical sourcing provides an opportunity to companies that focus on ethical fishing practices. By obtaining quality sustainability certifications such as the Marine Stewardship Council (MSC), producers can increase their market share. Currently, almost 30% of tuna caught is MSC-certified.
Canned Tuna Market Report Snapshots
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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Key Questions Answered in the Report
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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India
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+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
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+44-753-713-2163
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