Global Canned Tuna Market Report and Forecast 2024-2032
Canned tuna, a staple in pantries around the world, is recognised for its convenience, nutritional value, and versatility. It is a significant source of essential nutrients, including omega-3 fatty acids, high-quality protein, selenium, and vitamin D. Canned tuna is commonly used in various culinary preparations, such as salads, sandwiches, pasta, and casseroles, making it a popular choice among consumers seeking both convenience and nutrition.
The increasing consumer preference for ready-to-eat seafood products is a key driver for the canned tuna market growth. With busy lifestyles and rising health consciousness, consumers are turning to canned tuna as a quick and healthy meal option. This shift is significantly contributing to the surge in demand for canned tuna products.
Furthermore, the market is benefitting from the growing awareness of the health benefits associated with the consumption of tuna. As a rich source of omega-3 fatty acids, tuna is known for its cardiovascular health benefits and is increasingly recommended as part of a balanced diet. This health aspect is particularly appealing to a health-conscious consumer base, and further supports the canned tuna market demand.
The market is also influenced by the evolving consumer preferences towards sustainable and responsibly sourced seafood. There is a growing demand for canned tuna products that are certified as sustainable, with transparent sourcing and ethical fishing practices. This trend is encouraging producers to adopt sustainable fishing practices, thereby positively impacting the canned tuna market size.
In addition, the global market is characterised by continuous innovation in product offerings. Manufacturers are introducing a variety of flavours and packaging innovations to cater to the diverse tastes and preferences of consumers. This diversification is further enhancing the market's growth potential.
The canned tuna market also benefits from wide distribution channels, ranging from supermarkets and hypermarkets to online retail platforms, making canned tuna products easily accessible to a broad consumer base.
Market Segmentation
The market can be divided based on product, distribution channel, and region.
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Market Outlook
According to the report, the global canned tuna market is projected to grow at a CAGR of 3.5% between 2024 and 2032. Aided by the growing consumer demand for convenient, nutritious, and shelf-stable seafood products, the market is expected to grow significantly by 2032.Canned tuna, a staple in pantries around the world, is recognised for its convenience, nutritional value, and versatility. It is a significant source of essential nutrients, including omega-3 fatty acids, high-quality protein, selenium, and vitamin D. Canned tuna is commonly used in various culinary preparations, such as salads, sandwiches, pasta, and casseroles, making it a popular choice among consumers seeking both convenience and nutrition.
The increasing consumer preference for ready-to-eat seafood products is a key driver for the canned tuna market growth. With busy lifestyles and rising health consciousness, consumers are turning to canned tuna as a quick and healthy meal option. This shift is significantly contributing to the surge in demand for canned tuna products.
Furthermore, the market is benefitting from the growing awareness of the health benefits associated with the consumption of tuna. As a rich source of omega-3 fatty acids, tuna is known for its cardiovascular health benefits and is increasingly recommended as part of a balanced diet. This health aspect is particularly appealing to a health-conscious consumer base, and further supports the canned tuna market demand.
The market is also influenced by the evolving consumer preferences towards sustainable and responsibly sourced seafood. There is a growing demand for canned tuna products that are certified as sustainable, with transparent sourcing and ethical fishing practices. This trend is encouraging producers to adopt sustainable fishing practices, thereby positively impacting the canned tuna market size.
In addition, the global market is characterised by continuous innovation in product offerings. Manufacturers are introducing a variety of flavours and packaging innovations to cater to the diverse tastes and preferences of consumers. This diversification is further enhancing the market's growth potential.
The canned tuna market also benefits from wide distribution channels, ranging from supermarkets and hypermarkets to online retail platforms, making canned tuna products easily accessible to a broad consumer base.
Market Segmentation
The market can be divided based on product, distribution channel, and region.
Market Breakup by Product
- Skipjack
- Yellowfin
- Others
Market Breakup by Distribution Channel
- Hypermarket and Supermarket
- Specialty Stores
- Online
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global canned tuna market. Some of the major players explored in the report are as follows:- American Tuna
- Thai Union Group PCL
- Bumble Bee Foods LLC
- Century Pacific Food Inc.
- Wild Planet Foods Inc.
- Hayati Group Co., Ltd
- Golden Prize Canning Co., Ltd
- Frinsa del Noroeste SA
- KSD Interfoods Vietnam Co., Ltd
- StarKist Co.
- Foodtech JSC
- Conservas Ortiz S.A.
- Others
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Table of Contents
1 Preface2 Report Coverage - Key Segmentation and Scope4 Key Assumptions7 Opportunities and Challenges in the Market15 Supply Chain Analysis17 Key Trends and Developments in the Market
3 Report Description
5 Executive Summary
6 Snapshot
8 Global Canned Tuna Market Analysis
9 North America Canned Tuna Market Analysis
10 Europe Canned Tuna Market Analysis
11 Asia Pacific Canned Tuna Market Analysis
12 Latin America Canned Tuna Market Analysis
13 Middle East and Africa Canned Tuna Market Analysis
14 Market Dynamics
16 Competitive Landscape
List of Key Figures and Tables
Companies Mentioned
- American Tuna Thai Union Group PCL
- Bumble Bee Foods LLC
- Century Pacific Food Inc.
- Balton Group
- Golden Prize Canning Co. Ltd
- Frinsa del Noroeste SA
- KSD Interfoods Vietnam Co. Ltd
- StarKist Co.
- Foodtech JSC
- Conservas Ortiz S.A.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 142 |
| Published | February 2024 |
| Forecast Period | 2024 - 2032 |
| Estimated Market Value ( USD | $ 13.37 Billion |
| Forecasted Market Value ( USD | $ 17.64 Billion |
| Compound Annual Growth Rate | 3.5% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
