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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
South Korea Tuna Fish Market Share
Skipjack tuna fishes are high in demand due to its rich flavour profile and versatility in various culinary applications
As per South Korea tuna fish market analysis, Skipjack tuna fish stands out as a significant contributor to the market revenue globally. Its widespread availability and versatility in various culinary applications make Skipjack tuna a popular choice among consumers.
Yellowfin tuna, known for its mild flavor and firm texture, has also gained popularity in South Korea, with companies like Tonnino introducing new varieties of canned Yellowfin tuna to meet the growing demand for premium tuna products.
Bigeye tuna, another important species in the tuna fish market, adds diversity to the market offerings and caters to consumers looking for a richer flavor profile. Companies like Sajo Industrial Co Ltd play a crucial role in maintaining the market presence of Bigeye tuna, offering consumers a wider selection of tuna products to choose from.
Fresh tuna segment holds a significant market share due to rising demand for fresh and quality foods
Among types of tuna, fresh tuna fish holds a significant South Korea tuna fish market share due to the increasing popularity of sushi bars and restaurants that offer fresh tuna dishes. The demand for fresh tuna is on the rise, particularly due to consumer interest in Asian cuisines and the perception of freshness and quality associated with fresh fish products. Frozen tuna fish is also gaining traction in South Korea, with companies like Dongwon F&B Co Ltd leading the way in providing high-quality frozen tuna products.
However, the convenience and affordability of canned tuna makes it a staple in many households. It also has a longer shelf life and offers versatility in culinary applications. Companies are adapting to changing preferences by introducing new flavors and packaging formats in Korean canned tuna to cater to diverse consumer needs.
South Korea Tuna Fish Market Report Snapshots
South Korea Tuna Fish Market Size
South Korea Tuna Fish Market Growth
South Korea Tuna Fish Market Trends
South Korea Tuna Fish Market Share
South Korea Tuna Fish Companies
*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 South Korean tuna fish market attained a volume of nearly 74.12 KMT.
The market is projected to grow at a CAGR of 2.7% between 2024 and 2032.
Rising disposable incomes, celebrity influence, health awareness among customers, expansion of tuna aquaculture farming, various benefits of tuna, and improved quality and fishing practises are the major drivers of the market.
Key trends aiding market expansion include the initiatives to boost the aquaculture, sustainable fisheries management, community-based fisheries management regulations, and increasing demand for ready-to-cook and ready-to-eat foods.
Based on type, the market is divided into fresh, canned, and frozen.
The different species of tuna fish in the market are skipjack, yellowfin, and bigeye, among others.
Key players in the market are Dongwon Group, SILLA CO., LTD, OTTOGI CORPORATION., Ltd, ITOCHU Corporation, and Sajo Group, among others.
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India
C130 Sector 2 Noida, Uttar Pradesh 201301
+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
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124