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Global Canned Tuna Market Size, Share, Industry, Forecast: By Product: Skipjack, Yellowfin, Others; By Distribution Channel: Hypermarket and Supermarket, Specialty Stores, Online; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand; Competitive Landscape; 2024-2032
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.
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 Canned Tuna Market Analysis
8.1 Key Industry Highlights
8.2 Global Canned Tuna Historical Market (2018-2023)
8.3 Global Canned Tuna Market Forecast (2024-2032)
8.4 Global Canned Tuna Market by Product
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 Others
8.5 Global Canned Tuna Market by Distribution Channel
8.5.1 Hypermarket and Supermarket
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Specialty Stores
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Online
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Others
8.6 Global Canned Tuna Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Canned Tuna Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Canned Tuna Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Spain
10.5.1 Historical Trend (2018-2023)
10.5.2 Forecast Trend (2024-2032)
10.6 Others
11 Asia Pacific Canned Tuna Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 ASEAN
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Australia
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Others
12 Latin America Canned Tuna Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Mexico
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Colombia
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Canned Tuna Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Egypt
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Supply Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 American Tuna, Inc.
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Thai Union Group Public Company Limited
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Bumble Bee Foods, LLC
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Century Pacific Food Inc.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Balton Group
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Golden Prize Canning Co., Ltd.
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Frinsa Del Noroeste S.A.
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 KSD Interfoods Vietnam CO., LTD
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 StarKist Co.
16.2.9.1 Company Overview
16.2.9.2 Product Portfolio
16.2.9.3 Demographic Reach and Achievements
16.2.9.4 Certifications
16.2.10 Foodtech JSC
16.2.10.1 Company Overview
16.2.10.2 Product Portfolio
16.2.10.3 Demographic Reach and Achievements
16.2.10.4 Certifications
16.2.11 Conservas Ortiz S.A.
16.2.11.1 Company Overview
16.2.11.2 Product Portfolio
16.2.11.3 Demographic Reach and Achievements
16.2.11.4 Certifications
16.2.12 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Canned Tuna Market: Key Industry Highlights, 2018 and 2032
2. Global Canned Tuna Historical Market: Breakup by Product (USD Million), 2018-2023
3. Global Canned Tuna Market Forecast: Breakup by Product (USD Million), 2024-2032
4. Global Canned Tuna Historical Market: Breakup by Distribution Channel (USD Million), 2018-2023
5. Global Canned Tuna Market Forecast: Breakup by Distribution Channel (USD Million), 2024-2032
6. Global Canned Tuna Historical Market: Breakup by Region (USD Million), 2018-2023
7. Global Canned Tuna Market Forecast: Breakup by Region (USD Million), 2024-2032
8. North America Canned Tuna Historical Market: Breakup by Country (USD Million), 2018-2023
9. North America Canned Tuna Market Forecast: Breakup by Country (USD Million), 2024-2032
10. Europe Canned Tuna Historical Market: Breakup by Country (USD Million), 2018-2023
11. Europe Canned Tuna Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Asia Pacific Canned Tuna Historical Market: Breakup by Country (USD Million), 2018-2023
13. Asia Pacific Canned Tuna Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Latin America Canned Tuna Historical Market: Breakup by Country (USD Million), 2018-2023
15. Latin America Canned Tuna Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Middle East and Africa Canned Tuna Historical Market: Breakup by Country (USD Million), 2018-2023
17. Middle East and Africa Canned Tuna Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Global Canned Tuna Market Structure
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.
Analyst Review
The global canned tuna market attained a value of approximately USD 23.68 billion in 2023, driven by the growing popularity of seafood, high nutritional value of tuna, and increasing disposable incomes. Aided by the increasing inclination towards health and fitness, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 3.91%, to reach a value of around USD 32.94 billion by 2032.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the market. Based on product, the market is divided into skipjack, and yellowfin, among others. On the basis of distribution channel, the market is segmented into hypermarket and supermarket, specialty stores, and online, among others. The major regional markets for canned tuna are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. 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.
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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