The ‘Global Canned Tuna Market Size, Share, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global canned tuna market, assessing the market on the basis of its segments like products, distribution channels, and major regions.
Canned Tuna Market Size, Trends, Industry Report, Key Player, Major Segments, and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
- Historical Market Size (2022): Over USD 8.44 Billion
- Forecast CAGR (2023-2028): 4.7%
The canned tuna market is being driven by the growing consumption of shelf-stable and low-cost seafood products, the rising fish consumption, and the surging popularity of yellowfin tuna owing to its excellent flavour and texture.
The growing awareness regarding the health benefits of tuna owing to its extensive vitamins, proteins, and selenium content is also driving the consumption of canned tuna. With the rising focus on weight management amid the surging health consciousness, the demand for canned tuna owing to its low fat and high protein content is increasing.
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In the United States, the European Union, and Japan, tuna is one of the most popular seafood products. The rising incorporation of seafood in diverse cuisines owing to their excellent nutritional and flavour profiles is also bolstering the demand for canned tuna.
Canned Tuna Industry Definition and Major Segments
Canned tuna refers to shelf-stable and pre-cooked tuna packed in aluminium or steel containers. It has higher levels of sodium as compared to fresh tuna and is an excellent source of minerals and vitamins like selenium, iodine, and Vitamin D. Canned tuna is considered a cheap protein source and an excellent source of omega-3 fatty acids.
The market, on the basis of product, is categorised into:
- Skipjack
- Yellowfin
- Others
Based on distribution channel, the market is divided into:
- Hypermarket and Supermarket
- Speciality Stores
- Online
The major regional markets of canned tuna include:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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Canned Tuna Market Trends
The non-perishability, low cost, and extended shelf life of canned tuna are boosting its appeal among middle-class consumers with hectic lifestyles. Moreover, the increasing demand for convenience and ready-to-eat food with nutritional benefits is favouring the canned tuna market demand.
With the growing concerns regarding animal welfare and the rising trend of eco-consciousness, manufacturers are offering canned tuna made from sustainably sourced and traceable fish. Key players are also introducing canned tuna with low mercury content, due to which its consumption among young children and pregnant women is expected to rise.
The surging availability of canned tuna on e-commerce and grocery delivery platforms is likely to boost the market demand. Moreover, the expansion of convenience stores, supermarkets, and hypermarkets, especially in emerging economies, is anticipated to drive the canned tuna market growth in the coming years.
Key Market Players
The major players in the canned tuna market report are American Tuna, Thai Union Group PCL, Bumble Bee Foods LLC, Century Pacific Food Inc., and Wild Planet Foods Inc., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
The report studies the latest updates in the market, along with their impact across the market. It also analyses the market demand, together with its price and demand indicators. The report also tracks the market on the basis of SWOT and Porter’s Five Forces Models.
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