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Report Overview
The global tuna market reached a value of nearly USD 63.91 billion in 2023. The market is projected to grow at a CAGR of about 4.9% in the forecast period of 2024 and 2032 to reach a value of about USD 98.29 billion by 2032
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Tuna Market Analysis by Region
Japan is one of the major consumers of bluefin tuna owing to the country’s strong cultural and culinary tradition centred around seafood. The demand for tuna is extensively high due to its use in sushi and sashimi. Japan's influence extends beyond its consumption, as it is also involved in the global tuna trade, importing substantial quantities from other nations to meet its demand.
On the other hand, Indonesia is one of the world's largest tuna fishing nations, playing a critical role in the global supply of tuna. Its vast archipelago provides an ideal environment for a variety of tuna species, including Skipjack, Yellowfin, and Bigeye.
Tuna Market Report Snapshots
*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
The market reached a value of USD 63.91 billion in 2023.
The market is projected to grow at a CAGR of nearly 4.9% in the forecast period of 2024-2032.
The market is estimated to reach a value of about USD 98.29 billion by 2032.
The rising demand for canned tuna among the working population, rapid urbanisation, and the growing awareness regarding the health benefits of tuna are driving the market growth.
The key trends guiding the market include the globalisation of cuisines, the growing popularity of frozen and canned tuna owing to their shelf stability, and the rising availability of different types of tuna in emerging markets.
Japan, Indonesia, the Philippines, Taiwan P.C., the Republic of Korea, and Spain, among others, are the major tuna producing regions.
Japan, the United States, China, Taiwan P.C., the Republic of Korea, and the European Union are the major tuna consuming regions considered in the market report.
Skipjack, yellowfin, albacore, bigeye, and bluefin, among others, are the major species of tuna considered in the market report.
The significant product types of tuna are canned, frozen, and fresh.
The key market players include American Tuna, Thai Union Group PCL, Wild Planet, Frinsa del Noroeste S.A., Bumble Bee Foods, LLC, and Clover Leaf Seafoods Corp, among others.
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