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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Canned Tuna Market Analysis by Region
Tuna is the most consumed fish product in the European Union. Spain is one of the leading producers of canned tuna fish. The country has a geographical advantage; its presence in the Iberian peninsula supports a diverse marine life, including tuna fishes. Skipjack tuna represented the second largest category for the top-produced species in the country in 2020.
Tuna ranked the top in the seafood species consumed in metropolitan France in 2020. France traditionally imports canned tuna from African countries, making it the fourth-largest European importer of canned tuna from non-EU suppliers. About 53% of canned products accounted for Tuna (excluding tuna salads) amongst all fisheries and aquaculture species consumed in French households.
In North America canned tuna market, skipjack is commonly marketed as chunk light or light tuna while yellowfin tuna is marketed as Ahi canned tuna. In the United States, canned tuna is the second-most popular seafood product. Canned tuna enjoys significant popularity in the United States as it is a less expensive and healthy form of protein. About 70% of canned tuna in the United States is composed of skipjack tuna.
Latin America is witnessing an increasing consumption of fish including canned tuna as a healthy alternative to the region’s high red meat intake. Ecuador and Costa Rica have an annual canned tuna consumption of more than 2 kilograms. Over the forecast period, the Asia Pacific is expected to witness a rise in consumption of canned tuna products, emerging as the fastest growing market during 2024-2032.
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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