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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
South Korea Tuna Fish Market Size
The South Korea tuna fish market reached a volume of about 74.12 KMT in 2023. The industry is further expected to grow at a CAGR of about 2.7% in the forecast period of 2024-2032. Growing environmental concerns and expansion of tuna aquaculture farming are expected to drive the tuna fish market during the given forecast period.
South Korea Tuna Fish Market Outlook
- The dominant species caught by Korean fisheries include skipjack, yellowfin, and bigeye tuna, with skipjack being the most prevalent at 73.7%.
- In terms of tuna fisheries in South Korea, 90% of the country's catch of tuna has primarily occurred in the western and central Pacific Ocean (WCPO) area.
- Vietnam accounts for the maximum share of tuna fish exports from South Korea, followed by the United States and Germany.
- In 2021, BTS' Jin released a song named ‘super tuna’, which was used by the Korean Institute of Ocean Science & Technology (KIOST) to raise public awareness of marine and environmental issues among public.
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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Australia
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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
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193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124